Unpacking the Clean Vehicle Credits under IRA ’22
The Clean Vehicle Credit, brought to you by the Inflation Reduction Act of 2022 (IRA ’22), is the successor to the New Qualified Plug-in Electric Drive Motor Vehicle Credit. […]
Renting to a Relative? Watch Out for Tax Traps
If you own a home and rent it to a relative, you may be surprised to find out there could be tax consequences.
Valuation Provisions to Incorporate into Buy-Sell Agreements
At the heart of every successful buy-sell agreement are well-reasoned business valuation provisions. By thinking through valuation matters and anticipating potential sticking points while […]
How to Minimize the S Corporation LIFO Recapture Tax
If you’re considering converting your C corporation to an S corporation, be aware that there may be tax implications if you’ve been using the last in, first […]
Save for Retirement by Getting the Most Out of Your 401(k) Plan
Socking away money in a tax-advantaged retirement plan can help you reduce taxes and help secure a comfortable retirement. If your employer offers a 401(k) or Roth […]
How AI and Machine Learning Help Fight Fraud
The biannual Association of Certified Fraud Examiners “Report to the Nations” has repeatedly concluded that the longer fraud schemes remain undetected, the greater the […]
2023 Q1 Tax Deadlines for Businesses and Other Employees
Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2023. Keep in mind that this list isn’t all-inclusive, […]
Sold Stock Before Year-End? Watch Out for the Wash Sale Rule
If you sold stock shares at a loss at the end of 2022 to offset gains that you’ve realized during 2022, it’s important to […]
How Business Valuators Estimate the DLOM in a Volatile Market
When valuing a business, recent market volatility may well translate into higher discounts for lack of marketability (DLOM) because investors generally will pay less […]
Do you Qualify for the QBI Deduction and What Can you Do to Help Qualify?
If you own a business, you may wonder if you’re eligible to take the qualified business income (QBI) deduction. Sometimes this is referred to as the pass-through […]
