Conflict-of-Interest Policies Prevent Misunderstandings . . . and Fraud
Small businesses generally operate on principles of trust, particularly if several family members are involved. You might trust any employee to lock up […]
Spouse-Run Businesses Face Special Tax Issues
Do you and your spouse together operate a profitable unincorporated small business? If so, you face some challenging tax issues.
Plan Now for Year-End Gifts with the Gift Tax Annual Exclusion
The holidays are just around the corner. Many people may want to make gifts of cash or stock to their loved ones. By […]
IRS Opens Clean Vehicle Tax Credit Tool to Auto Dealers
As reported via IR-2023-202 on 11/1/2023
IRS opens free Energy Credit Online tool for sellers of clean vehicles to register for […]
New Per Diem Business Travel Rates Kicked In on October 1
Are employees at your business traveling and frustrated about documenting expenses? Or perhaps you’re annoyed at the time and energy that goes into […]
Update on Depreciating Business Assets
The Tax Cuts and Jobs Act liberalized the rules for depreciating business assets. However, the amounts change every year due to inflation adjustments. And due to high […]
How Business Valuation Professionals Estimate Reasonable Compensation
Reasonable compensation is an issue that comes into play in divorce, shareholder disputes and tax cases. It’s also a common financial statement adjustment that valuators make when […]
Selling Your Home for a Big Profit? Here are the Tax Rules
Many homeowners across the country have seen their home values increase in recent years. According to the National Association of Realtors, the median price of existing homes […]
Keep Money Laundering from Threatening your Small Business
When criminals profit from illicit activities, they usually need to “clean” or disguise the proceeds of their crimes. Money laundering disconnects illegally acquired funds from sources that […]
Divorcing Business Owners Should Pay Attention to the Tax Consequences
If you’re getting a divorce, you know the process is generally filled with stress. But if you’re a business owner, tax issues can complicate matters even more. […]
