How Business Valuation Pros Use Transaction Databases
Transaction databases contain the details of thousands of real-life public and private stock sales. They’re used by business valuators when they apply the […]
Facing a Future Emergency? Two New Tax Provisions May Soon Provide Relief
Perhaps you’ve been in this situation before: You have a financial emergency and need to get your hands on some cash. You consider taking money out of […]
The Social Security Wage Base for Employees and Self-Employed People is Increasing in 2024
The Social Security Administration recently announced that the wage base for computing Social Security tax will increase to $168,600 for 2024 (up from $160,200 for 2023). Wages […]
How Some Taxpayers Get Snared by Tax-Avoidance Scams
Although most tax preparers are ethical and help ensure their clients file timely and accurate tax returns, a small percentage abuse their position […]
Are Scholarships Tax-Free or Taxable?
With the rising cost of college, many families are in search of scholarships to help pay the bills. If your child is awarded a scholarship, you may […]
Assessing Lost Business Value as a Source of Economic Damages
The survival of many companies depends on relationships between key customers or vendors (or both). When one of these relationships is disrupted, for […]
Business Automobiles: How the Tax Depreciation Rules Work
Do you use an automobile in your trade or business? If so, you may question how depreciation tax deductions are determined. The rules […]
Tax Implications of Renting Out a Vacation Home
Many Americans own a vacation home or aspire to purchase one. If you own a second home in a waterfront community, in the mountains or in a […]
How IRS Auditors Learn About Your Business Industry
Ever wonder how IRS examiners know about different industries so they can audit various businesses? They generally do research about specific industries and issues on tax returns […]
How Job-Juggling Remote Workers Can Threaten Your Company
Although some businesses now require employees to work full-time in the office, many others allow employees to work remotely one or more days […]
