How to Treat Business Website Costs for Tax Purposes
These days, most businesses have websites. But surprisingly, the IRS hasn’t issued formal guidance on when website costs can be deducted.
Does the Kiddie Tax Affect Your Family?
Many people wonder how they can save taxes by transferring assets into their children’s names. This tax strategy is called income shifting. It seeks to take income out of […]
The Auto Industry is Likely to Decline in Enterprise Value
Excerpt of an article posted to the ARK Invest website on 7/15/22
Important Considerations When Engaging in a Like-Kind Exchange
A business or individual might be able to dispose of appreciated real property without being taxed on the gain by exchanging it rather than […]
Tax Obligations if Your Business Closes its Doors
Sadly, many businesses have been forced to shut down recently due to the pandemic and the economy. If this is your situation, we can […]
President Biden Signs the Inflation Reduction Act of 2022
On 8/16/22, President Biden signed into law the so-called Inflation Reduction Act of 2022 (H.R. 5376). In a statement earlier, the White House said,
Valuators Know How to Evaluate Compensation Levels
Reasonable (or replacement) owners’ compensation can be a hot button during IRS audits, divorces, shareholder disputes and other litigation matters involving the value of a private business. […]
5 Ways to Stop Employees from Colluding in Fraud
What happens if two or more individuals in your organization collude to commit fraud? According to the Association of Certified Fraud Examiners’ (ACFE’s) 2022 Report to the […]
A Candid Talk with Ford CEO Jim Farley on Ford’s EV Future
As posted to the Munro Live YouTube Channel on 8/1/2022
(Run Time 49 min, 46 […]
