A solo 401(k) plan is a powerful retirement savings tool if you run a one-person small business. Here’s how you...
The qualified business income (QBI) deduction is scheduled to disappear after 2025. Congress could extend it, but don...
Election day is less than a month away. Here’s a rundown of the major tax proposals of the two candid...
The IRS has issued final regulations regarding inherited IRAs and other defined contribution plans.
For most business co-owners, the value of their business shares comprises a big percentage of their estates. Having a...
If you’re a business owner without a retirement plan, establishing one is simpler than you may think. And there...
The SECURE 2.0 Act’s new retirement catch-up contribution rules caused problems and confusion for employers and...
Next year, a new provision kicks in that may allow businesses to help employees in financial emergencies through thei...
Some taxpayers can look forward to receiving transitional relief from the IRS related to the required beginning dates...
Thinking about hiring your high-school or college-age child to work in your business? You could reap significant tax ...
If you’re a small business owner, you may be reluctant to set up a retirement plan because of the administrativ...
Have you been affected by one of the many natural disasters that have occurred this year? Tax relief may be available...
Most business owners have a personal financial plan, but let's talk about why connecting that with a business continu...
As part of the American Rescue Plan Act enacted in March, significant changes were made to the child tax credit that ...
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...
It's important for business owners to plan for a successful future without their business. Here's the story...
It can be difficult to consider what will happen to your business and your family if you die unexpectedly. This ...
We asked our tax professionals for a few suggestions on how to get organized and prepare for 2021. Here they are...
Global economic disruption uniquely affects each business.
Owning a successful business can complicate family relations, especially when it comes to family finances. With ...
Part 1 of 3: A summary of the most widely applicable points of the tax reform passed in December 2017.
A summary of the most widely applicable points of the tax reform passed in December 2017.
Sting is one of the more cerebral pop musicians and he clearly is wise to the ways of business valuation practice. So...
One of the main differences between the world of real life transactions and the fair market value world is the way th...
Well, maybe that's a bit of an oversell, but certainly having a greater impact on the pocket book, the battle over ho...
Recently, I have dealt with a number of issues relating to the valuation of goodwill. One particular case involved a ...
An article in the Atlantic Monthly refers to the emergence of a new term - the "rule of thump" - based on confusion w...
Channeling Frank Sinatra this month, I turn my attention to Revenue Ruling 59-60. This key valuation document issued ...
On the southeast corner of a major, urban intersection is an established privately-held "fast food" hamburger restaur...
Where does the value of a business come from? First and foremost, it comes from the ability to generate earnings, its...
The opportunity to gawp at the lifestyles of the rich and famous was a side benefit to taking a look at a dispute ove...
Clients are often mystified by the adjustments business valuation analysts make to financial statements when we start...
What a great start to 2015 - when a recent case allows me to include a reference to the halcyon days of Monty Python ...
Many entrepreneurs start a business with other like-minded business people and don’t want to think about what h...
WEC is pleased to announce Nancy Hall is newly certified as an Accredited Estate Planner® (AEP)® designee by ...
The case of Bross Trucking v Commissioner (Tax Ct. Memo LEXIS 109) was not strictly a valuation case but did address ...
A recent tax court case allows me to dig up a reference to an R.E.M. hit single (never my favorite, but, hey, any por...
In an effort to be down with the kids, this month's title comes from a Taylor Swift hit single - a big step from my n...
I recalled this bon mot from Mark Twain as I reviewed a recent article from Business Valuation Resources that focused...
Sometimes it's just good to channel Maria in the Sound of Music and go back to basics. I recently had a good opportun...
A Neil Diamond song title as this month's hook? What? Who? How? Calm down - all will be revealed at the end of this e...
I never thought I would be minng Cher's back catalog for inspiration for an even more tenuous link for the title to t...
The American Taxpayer Relief Act that became law on Jan. 2, 2013, changed the landscape of when an estate tax return ...
This month we're going to do some finance stuff - be warned, there may even be a formula... As valuation analysts, we...
We know that Bob Marley didn't want to wait in vain (in fact he said so repeatedly in the song) - and neither does th...
You may recall that I sent out an e-mail last year highlighting the dispute between the Estate of Ileanna Sonnenband ...
I struggled with the title of this item......the story itself has been a godsend to headline writers and I don't feel...
Please file the following under the "I'm just sayin'..." category - far be it from me to draw any conclusions! ...
I have always cringed when Sting followed up the title line with "Things they would not teach me of in college". On t...
Paul Simon's lyrics seem to sum up the approach the Tax Court took in the case of Estate of Louise Paxton Gallagher v...
Oh yes, just squeezing in a Springsteen reference again - it's been a while. So how do I justify this random referenc...
If, emulating Jack Nicholson and Morgan Freeman, you hope to climb the Pyramids and hit the tables in Monte Carlo whe...