Tax Consequences of Employer-Provided Life Insurance
If your employer provides life insurance, you probably find it to be a desirable fringe benefit. However, if group term life insurance is […]
Tax Implications of Guaranteeing a Loan to Your Corporation
Let’s say you decide to, or are asked to, guarantee a loan to your corporation. Before agreeing to act as a guarantor, endorser or indemnitor of a […]
Valuing Intangible Assets
Intangible assets — such as patents, copyrights, trademarks and customer lists — can have substantial value. But, unless they’re purchased from a third-party, you might not know […]
Disabled Family Members May Be Able to Benefit from ABLE Accounts
If you have family members with disabilities, there may be a tax-advantaged way to save for their needs — without having them lose eligibility for the government benefits to […]
Fresh Fraud Schemes for Small Businesses to Watch Out For
When it comes to fraud, it may seem there’s nothing new under the sun. Unfortunately, fraud perpetrators are always finding novel ways to […]
Planning Ahead for 2024: Should Your 401(k) Help Employees with Emergencies?
The SECURE 2.0 law, which was enacted last year, contains wide-ranging changes to retirement plans. One provision in the law is that eligible employers will soon be […]
Can You Deduct Student Loan Interest on your Tax Return?
The federal student loan “pause” came to an end on August 31 after more than three years. If you have student loan debt, […]
Receive More than $10,000 in Cash at your Business? Here’s What You Must Do
Does your business receive large amounts of cash or cash equivalents? If so, you’re generally required to report these transactions to the IRS […]
Chapter 11: How Business Valuators Can Help Companies Reorganize
Most people equate business bankruptcy with liquidating a company’s assets and using the proceeds to repay creditors. That’s a Chapter 7 filing under the U.S. Bankruptcy Code, […]
IRS Orders Immediate Stop to New Employee Retention Tax Credit Processing
As appearing in IRS IR-2023-169
To protect taxpayers from scams, IRS orders immediate stop to new Employee Retention Tax Credit […]
