Explore SEP and SIMPLE Retirement Plans for Your Small Business
Suppose you’re thinking about setting up a retirement plan for yourself and your employees. However, you’re concerned about the financial commitment and administrative […]
Beyond the Fraud Risk Assessment: Managing Nuanced Threats
Annual fraud risk assessments can be very effective in finding obvious fraud threats and documenting internal controls that are in place to minimize […]
What Tax Documents Can Your Safely Shred? And Which Ones Should You Keep?
Once your 2024 tax return is in the hands of the IRS, you may be tempted to clear out file cabinets and delete digital folders. But before […]
Divorcing Business Owners Can’t Afford to Skimp on Valuation Expertise
Dividing marital assets can be a long, complicated process, especially if a divorce case involves a private business interest. Failure to hire a […]
Turn a Summer Job into Tax Savings: Hire Your Child and Reap the Rewards
With summer fast approaching, you might be considering hiring young people at your small business. If your children are also looking to earn some extra money, why […]
In the News: 3 Updated Fraud Risks
Fraud schemes are always evolving. Once frauds are widely publicized and consumers and businesses learn to spot common scams, enterprising criminals change their tactics. So even if […]
Small Business Alert: Watch Out for the 100% Penalty
Some tax sins are much worse than others. An example is failing to pay over federal income and employment taxes that have been withheld from […]
Discover if you Qualify for “Head of Household” Tax Filing Status
When you prepare your tax return, you’ll check one of the following filing statuses: single, married filing jointly, married filing separately, head of household or qualifying widow(er). […]
FAQs About the Excess Earnings Method in Business Valuation
Valuation professionals use various methods to determine the fair market value of a private business or business interest. One of the more debated techniques is the excess […]
Are You a Tax-Favored Real Estate Professional?
For federal income tax purposes, the general rule is that rental real estate losses are passive activity losses (PALs). An individual taxpayer can generally deduct PALs only […]
