How Financial Statements Unlock Business Value
As calendar-year entities start work on their year-end financials, it’s important to remember that financial reporting is about more than compliance. Financial statements also help business owners […]
There’s Still Time for Businesses to Benefit from Clean Energy Tax Breaks
The One Big Beautiful Bill Act (OBBBA), signed into law July 4, 2025, extends or enhances many tax breaks for businesses. But the legislation terminates several business-related clean […]
Using an Old Analytical Tool to Find New Fraud Tricks
Benford’s Law was first popularized by physicist Frank Benford in 1938, but it’s a statistical concept that remains relevant today — particularly in […]
2025-2026 “High-Low” Per Diem Business Travel Rates are Here
If you have employees who travel for business, you know how frustrating it can be to manage reimbursements and the accompanying receipts for […]
Making the Most of the New Deduction for Seniors
For 2025 through 2028, individuals age 65 or older generally can claim a new “senior” deduction of up to $6,000 under the One Big Beautiful Bill Act […]
5 Potential Breaks to Know Before Moving a Parent into a Nursing Home
Approximately 1.3 million Americans live in nursing homes, according to the National Center for Health Statistics. If you have a parent moving into […]
Tax Traps of Personally Guaranteeing a Loan to Your Corporation
If you’re considering guaranteeing, or are asked to guarantee, a loan to your closely held corporation, it’s important to understand the potential tax consequences. Acting as a […]
Understanding the Most Common IRS Notices
For many taxpayers, receiving a letter from the IRS can feel intimidating. The envelope arrives with the IRS seal, and immediately, worry sets in: Did I make […]
Blockage Discounts: Size Counts in Certain Stock Valuations
When valuing large blocks of publicly traded stock, business valuation professionals sometimes apply a “blockage discount.” This adjustment reflects the decrease in the per-share value of a […]
7 Ways to Fight Friends-and-Family Discount Abuse
Small businesses often discount their products and services for employees, friends, family and loyal customers. Unfortunately, these well-meaning practices can lead to misuse, […]
