Can You Recycle a Business Valuation Report?
If you’ve previously obtained a formal business valuation, you might be tempted to reuse it for another purpose. This might seem like a good way to save time and money. But doing so without first […]
Eligible Taxpayers May Receive Penalty Relief Automatically
As appearing in IRS Tax Tip 2026-59
Taxpayers with a history of filing and paying on time may now have an easier path to receive penalty relief.
This summer, the IRS’s new Automatic Exemption […]
Disability Benefits May Have Income Tax Consequences You Don’t Expect
Disability insurance is a valuable benefit provided by many employers. It replaces a portion of the insured person’s income — typically 45% to 65% of pre-disability […]
Tax Essentials for Sole Proprietors
Many small businesses start out as sole proprietorships. This structure is simple and inexpensive to establish and maintain — and it gives the owner direct access to profits without having to take formal distributions. But […]
Is Fraud Lurking in Your Accounts Receivable Department?
Your business depends on consistent cash flow, making accounts receivable one of its most important assets. Unfortunately, this asset is also a frequent target of dishonest employees because the process of receiving and recording payments […]
Tax Tips for Parents with Kids in College This Fall
A higher education is expensive, and many parents spend years saving up. Others haven’t had the financial bandwidth to save or have hit unexpected financial roadblocks along the way. Regardless of your situation, current tax […]
Hiring a Valuation Advisor to Support Your Business Interruption Claim
Business interruption insurance may replace lost income and reimburse certain continuing expenses after a covered event damages property and disrupts normal operations. If a fire, storm or other disaster strikes, a business valuation professional can […]
Could the New Markets Tax Credit Benefit Your Business?
Businesses in economically distressed communities often have difficulty obtaining capital for expansion, equipment, facilities and other investments. The New Markets Tax Credit (NMTC) encourages private investment in these underserved areas by offering federal income tax […]
Be Tax-Smart with your Mutual Fund Investments
Mutual funds offer an easy way to invest in a diversified portfolio compared to buying individual stocks and bonds. But the tax treatment of mutual funds […]
Back to Basics: 8 Anti-Fraud Controls to Help Keep Operations Running Smoothly
Fraud prevention doesn’t always require large expenditures or sophisticated technology. More often, it comes down to simple controls that address common fraud vulnerabilities. Many banks offer […]
