It may be advantageous to separate ownership of a business’s real estate from the business. But it isn’t ...
The Federal Trade Commission’s ban on noncompete agreements is now in limbo after a recent court ruling.
Guaranteed payments to partners and payments to retired partners are just two of the tax issues that should be addres...
We’ll be saying goodbye to 2024 in no time. Here are some year-end moves to consider that may help your small b...
A limited liability company can provide personal liability protection from creditors while delivering tax benefits. I...
If your business is creating a partnership agreement or LLC operating agreement, it should include tax-related specif...
The tax landscape for businesses may change significantly in the near future. That’s because provisions in the ...
The IRS has announced several tax-compliance initiatives that focus on businesses. Here’s a look at three of th...
For most business co-owners, the value of their business shares comprises a big percentage of their estates. Having a...
Closely held corporation owners: If you need money for personal expenses like a new car or home improvements, conside...
Summer is here and tax deadlines are probably the last thing on your mind. But there are some important third-quarter...
There are several factors to consider when converting from a C corporation to an S corporation. Here are four of the ...
When buying a business, you may not focus on taxes. But the way the transaction is structured can lead to better or w...
Two new federal rules regarding overtime pay and noncompete agreements have recently been adopted.
If you’re a business owner without a retirement plan, establishing one is simpler than you may think. And there...
There’s more than one way for businesses to claim depreciation tax deductions. By combining them, you can get o...
The qualified business income (QBI) deduction is scheduled to disappear after 2025. Congress could extend it, but don...
The deadline to comply with a new U.S. Dept. of Labor rule regarding worker classification is fast approaching. Is yo...
Timeliness counts in financial reporting. Here’s why it pays to issue your company’s financial statements...
Businesses that file 10 or more information returns must now file them electronically.
Are you contemplating a merger or acquisition in 2024? Comprehensive financial due diligence is the cornerstone of a ...
Many new ventures start out as sole proprietorships. Here are nine considerations if you’re operating a busines...
In the first quarter of 2024, businesses face several tax-related deadlines. Here are some key due dates and obligati...
The holiday whirlwind has begun. There may be ways your small business can save on 2023 taxes. But you must act fast....
Choosing the best entity for your business is a multi-faceted decision. Here’s a look at the some of the consid...
The IRS recently announced the special “per diem” rates that became effective Oct. 1, 2023. Here are the ...
Certain business owners and some of their employees don’t have to pay Social Security tax on all their wages. A...
You want to be able to deduct business expenses on your tax return. But in order to be deductible, expenses must be o...
The leaves are beginning to turn in some areas so it’s time for businesses to start thinking about year-end tax...
The SECURE 2.0 Act’s new retirement catch-up contribution rules caused problems and confusion for employers and...
Beware of fraudsters hyping the Employee Retention Tax Credit! Not all businesses are eligible despite the claims you...
Inflation has some beneficial side effects. One is that the amount of depreciation tax breaks your business can claim...
Divorce can be financially complicated, especially if one or both of the spouses owns a business.
If your corporation defaults on a loan that you guarantee, there may be tax consequences. You don’t want to be ...
Some businesses receive large amounts of cash. Depending on the amounts, they may be required to report the transacti...
You can operate your small business in several ways. For example, your entity can be a sole proprietorship, an S corp...
There may be a way to reduce a large tax bill if you own appreciated land that you want to subdivide and develop for ...
When spending money personally on behalf of your closely held corporation, you want to ensure the expenses are tax de...
Converting an unincorporated business into an S corporation may help you cut your self-employment tax bill. Here's ho...
Launching a business? Here’s how start-up expenses are handled on a federal tax return.
The Trust Fund Recovery Penalty is personally imposed on certain business owners and managers when employment taxes a...
If you do business with virtual currency, it’s time to read up on related tax requirements. The IRS is paying c...
As costs rise, investors and lenders are eyeing profits closely. Here’s the latest development on the FASB&rsqu...
Keeping careful business records for meal and vehicle expenses can safeguard your tax deductions. Here are some DOs a...
Do you know the three keys to lowering your company’s working capital requirements?
These days, many businesses are filling vacant positions and saving money by using independent contractors. Here are ...
C corporation owners: To keep your compensation tax deductible, you need to ensure it’s “reasonable.&rdqu...
There are several choices of entities for a new business venture. What about an S corporation? Here are the advantage...
With Republicans now in control of the U.S. House of Representatives, what’s the fate of prospective tax legisl...
Is your business ready to implement these upcoming accounting rule changes?
Pay attention to taxes if you’re buying or selling a business. After a transaction is complete, it may be too l...
For 2023, high inflation has increased the adjustments the IRS makes annually to certain tax provisions. Here’s...
January 31 is an important deadline for businesses with hired workers. Here’s what’s due.
You’ve probably heard about the new SECURE 2.0 law. Here’s what it might mean for your business.
Has your accounting method kept up with your financial needs? It periodically makes sense to evaluate how you’r...
If your business is closing its doors, taxes may be the last thing on your mind. But there are a number of tax obliga...
Are you interested in reducing your 2022 tax liability? There’s still time to take these year-end tax planning ...
Separating the ownership of a business’s real estate from the business isn’t always advisable. But it mig...
If you run a one-person small business, you might be able to build a bigger retirement nest egg with a solo 401(k) pl...
Because of the soaring price of gasoline, the IRS has increased the standard mileage rate for qualified business driv...
Has your business forecast its goals for next year? The pandemic has shed light on the shortcomings of static year-en...
Ever wonder how much of a tax break you’d get if you bought a private plane for your business? Here are the bas...
There may be ways your small business can save on 2021 taxes. But you must act before Dec. 31.
The sun has set on the valuable Employee Retention Credit. Here’s what happened.
Is your business giving holiday gifts to employees or customers this year? Or are you throwing a holiday party? Here ...
There are many factors to consider when choosing a business entity. Here are just a few.
Allocating year-end tax planning time now can prove beneficial come tax filing time next year.
Looking for a flexible, tax-advantaged option for providing health care coverage at your business? Consider a Health ...
When it comes to business planning, time plays a large part in long-term success.
Business owners and their employees don’t have to pay Social Security tax on all their wages. Amounts above a c...
Reducing employee risk plays a vital part in planning your business's future success and growth for the company....
The fate of the Build Back Better Act and the Bipartisan Infrastructure Bill remains uncertain as Congress continues ...
Let's talk about the importance of communicating your business plans to those who can help you achieve them.
...
Have you bought or sold business assets in an M&A deal in 2021 or are in the process of a transaction? If so, you...
Claiming depreciation deductions for a passenger automobile can involve complex calculations. Here are the basic rule...
As a successful business owner, it's essential to know the reason behind why you're protecting your business and...
Have you been affected by one of the many natural disasters that have occurred this year? Tax relief may be available...
If your business is victimized by theft, embezzlement or internal fraud, you may be able to claim a tax deduction for...
Creating incentives for key employees to support your business long-term can be a great benefit to planning the futur...
If you own or operate a business, you may not know that the IRS has “Audit Techniques Guides” for certain...
Divorce may have tax implications for the spouses involved, especially if one or both of them owns a business. Here a...
If your corporation defaults on a loan that you guarantee, you don’t want to be blindsided by the tax implicati...
When determining the future of your business, preparing key employees for a potential stake in ownership can position...
Certain types of businesses receive large payments of cash. They may be required to report the transactions to the IR...
There are several options for operating your small business. For example, a sole proprietorship, an S corporation or ...
Most business owners have a personal financial plan, but let's talk about why connecting that with a business continu...
If you spend money personally on behalf of your closely held corporation, you want to make sure either you or the bus...
If you received a PPP loan, important forgiveness deadlines are approaching. Are you ready?
Business applications have increased over the past year, according to the U.S. Census Bureau. If you’re launchi...
With a successful business comes the constant threat of competitors. Let's evaluate what your company's assets are an...
The IRS will impose the “Trust Fund Recovery Penalty” on certain business owners and managers personally ...
Owners of “pass-through” businesses can claim a valuable tax deduction that was created by a 2017 law. He...
Let's take a look at just why agility is such an important skill for business owners to acquire and apply to their bu...
If your business hasn’t already claimed the Employee Retention Tax Credit, you should check out if you’re...
On the road again for business? Here’s a rundown of costs you can deduct for business travel.
Although you might want to enjoy the lazy days of summer, employers and businesses should be careful not to miss thes...
A company's key employees play an essential role in maintaining business success. So, what can you do in order to kee...
"Recordkeeping DOs and DON’Ts for Business Meal and Vehicle Expenses" | Keeping meticulous business record...
Are you a business owner with teenage or college-age children who constantly need cash? You may want to hire them to ...
You may know where you want your money to go when you die, but let's take a look at how to plan and strategize your w...
Businesses that provide Health Savings Accounts to employees know they have a variety of benefits. Here are a few of ...
When setting your business up for success, it's important to be able to identify deals that may hurt your company's f...
Employee or independent contractor? That’s the question businesses ask when they bring on certain workers. Here...
Some employers offer educational assistance plans as a recruitment and retention tool. Here are the rules to help ens...
There’s a great deal of interest in alternative energy technologies today. If your business invests in certain ...
Setting goals is an important part of business planning. In order to set strong goals for your business, let's take a...
Thinking about hiring your teenager to work in your business? There can be significant tax benefits.
Money is only one part of what makes a business owner successful. Value-based goals are just as vital to running a bu...
Eligible businesses affected by the COVID-19 pandemic now have until May 31 to apply for a PPP loan. Here’s the...
The Employee Retention Credit (ERC), which was created to encourage employers to keep their workforces intact during ...
Business owners put years, if not decades, into planning the success of their business. However, rarely do they have ...
Is the success of your business tied to certain “key” people? Many startups, professional service firms a...
Business owners may be able to save tax with home office deductions. If you’re working from home (like lots of ...
Buying or selling a business may be the largest transaction you’ll ever make. Pay attention to taxes. After a d...
It's important for business owners to plan for a successful future without their business. Here's the story...
Data analytics can help your nonprofit validate trends, uncover root causes and improve transparency. But before you ...
How much do your employees have to earn in 2021 before they can stop paying Social Security tax? How much can they co...
Do you know the warning signs of delinquent payments? Being proactive helps protect your cash flow and profits.
It’s not enough to maintain your current supporter base. You also need to grow it. Here are five tips for attra...
The price of gas is down from a year ago. How does this affect the amount your business can deduct for business drivi...
Whether your nonprofit has only a handful, or hundreds, of staffers, communication can easily break down. Here’...
Business owners put years of planning and preparation into making their businesses successful. However, have you...
How strong are your company’s internal controls? Public companies must answer this question annually, and priva...
Businesses that have been hit hard by the COVID-19 may be able to obtain help with PPP loans. Here are the basic rule...
Focused business planning is essential in order to succeed in a world that is constantly changing and encouraging us ...
Businesses received several favorable tax breaks in the COVID-19 relief bill that was recently signed into law. Here ...
As a business owner, when you go to sell your business, you may be looking at a long list of candidates. One of your ...
There are many benefits, as well as challenges, to transferring the ownership of your business to someone in your fam...
Some taxpayers may be able to achieve significant savings with the QBI deduction by taking certain steps at year end....
Accounting is time-sensitive. Here’s a primer on cutoffs for reporting revenue and expenses to help companies t...
Health Savings Accounts offer a way to set aside money on a pre-tax basis to pay for qualified medical expenses. Here...
It can be difficult to consider what will happen to your business and your family if you die unexpectedly. This ...
The Donor Bill of Rights still offers solid principles for the care and handling of your nonprofit’s donors. Bu...
Entrepreneurs: Don’t ignore saving for retirement. Here are the basics of tax-favored plans to help build your ...
Good delegation is essential to running your nonprofit efficiently and cost-effectively. Here’s how to choose t...
Next-level management teams are the drivers behind building business value, but how can you and your advisors attract...
Insurance is the cornerstone of your risk management program. Fortunately, it can be affordable because most nonprofi...
What is due diligence and why is it important when it comes to selling your business? Find out more...
We asked our tax professionals for a few suggestions on how to get organized and prepare for 2021. Here they are...
When deciding to exit your business, you will need a proven process in place to ensure you have covered all the bases...
Every action you take during the life of your business has an impact on your departure down the road. Learn more ...
Before your nonprofit joins a collective impact initiative, review five typical requirements; it could mean the diffe...
Your business likely has a website. How do you treat the costs involved in developing your site for tax purposes? Her...
Even if your private foundation has good intentions, it may not be enough. You need a conflict-of-interest policy to ...
Know the difference between Succession Planning, Exit Planning and Business Planning and how to best execute each.
Many businesses have undergone strategic shifts during the pandemic. Here’s how to determine whether that chang...
Financial dashboards help nonprofit leaders make decisions by providing clear visualizations of key metrics. Here is ...
Follow these steps to develop a clear picture of how to transition your business to the successor you choose.
Under stress? Here’s how you can spot vulnerabilities and prevent your business from being blindsided in crisis...
Government or foundation grants can help your nonprofit, but they could hamstring your organization. Learn more....
Business owners often consider “insiders” as viable successors. Can this be a fatal flaw in planning...
Nonprofits that enforce a "code of ethical conduct" are associated with 50% lower fraud losses. Get started here...
Today’s markets are unpredictable, but changing conditions can open new business opportunities.
If your business receives large cash or cash equivalent payments, you may have to report them to the IRS.
Since you can’t escape the impact of cash flow, you might as well take it head on, right?
How the pandemic could add a new layer of complexity to the new-and-improved auditor’s report.
Is your business running like a fine-tuned machine? Dashboard reports can help you quickly recognize problems and eme...
Beware: Your supply and service contracts may contain hidden surprises known as “embedded” leases.
The “Trust Fund Recovery Penalty” is among the more dangerous tax penalties facing business owners and ma...
One of the most important elements of a successful business transition is transferable value. No matter what an owner...
Global economic disruption uniquely affects each business.
CARES Act - Tax Provisions for Businesses
There is a lot of information, and misinformation, being shared about Covid-19. With the continued spread of the viru...
Owning a successful business can complicate family relations, especially when it comes to family finances. With ...
What can you do to help yourself overcome growth plateaus?
Do you have the information you need to negotiate for your business?
Take a moment to consider the long-term future of your business.
A summary of the most widely applicable points of the tax reform passed in December 2017.
Part 3 of 3: A summary of the most widely applicable points of the tax reform passed in December 2017.
It’s been said that the best time to plant a tree is 20 years ago — or today. The same applies to your bu...
Even though an organization is recognized as tax-exempt, it still may be liable for tax on its unrelated business tax...
As companies vie for their share of federal funds in a competitive market, many are weighing the benefits of a small ...
Due diligence is one of the most critical stages in the process of purchasing a business. Some buyers incorrectly ass...
We understand that business owners are so busy addressing today’s economic challenges that they can overlook th...
If, emulating Jack Nicholson and Morgan Freeman, you hope to climb the Pyramids and hit the tables in Monte Carlo whe...
We all know how important it is to understand how tax laws affect the day to day operations of a construction busines...