The “Wash Sale” Rule: Don’t Let Losses Circle the Drain
Stock, mutual fund and ETF prices have bounced around lately. If you make what turns out to be an ill-fated investment in a […]
Business Valuation Plays a Critical Role in Buy-Sell Agreements
Whether your company is a family-run operation, a partnership among friends or a multi-owner enterprise, a buy-sell agreement helps protect it in potentially disruptive “what if” scenarios, […]
An Education Plan Can Pay Off for Your Employees — And Your Business
Your business can set up an educational assistance plan that can give each eligible employee up to $5,250 in annual federal-income-tax-free and federal-payroll-tax-free benefits. These tax-favored plans […]
Understanding the “Step-up in Basis” When Inheriting Assets
If you inherit assets after a loved one passes away, they often arrive with a valuable — but frequently misunderstood — tax benefit called the step-up in […]
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 […]
