In 2023, the Social Security Wage Base is Increasing
The Social Security Administration recently announced that the wage base for computing Social Security tax will increase to $160,200 for 2023 (up from $147,000 for 2022). Wages […]
When a Valuation Professional Finds Fraud
Imagine you’ve got your eye on a business that seems like an attractive investment or acquisition target. It boasts strong earnings, competitive growth estimates […]
Plan Now to Make Tax-Smart Year-End Gifts to Loved Ones
Are you feeling generous at year end? Taxpayers can transfer substantial amounts free of gift taxes to their children or other recipients each year […]
Providing Fringe Benefits to Employees with No Tax Strings Attached
Businesses can provide benefits to employees that don’t cost them much or anything at all. However, in some cases, employees may have to pay tax on the […]
How Valuators Use Visual Aids
Business valuation professionals who serve as expert witnesses in court face two daunting tasks: First, they must capture the attention of a judge or […]
Tax and Other Financial Consequences of Tax-Free Bonds
If you’re interested in investing in tax-free municipal bonds, you may wonder if they’re really free of taxes. While the investment generally provides tax-free […]
What Local Transportation Costs Can Your Business Deduct?
You and your small business are likely to incur a variety of local transportation costs each year. There are various tax implications for these expenses.
Preventing “Privileged User” Fraud and Abuse
In most companies, employees need a user identity to access work-related hardware and software. Privileges to use certain applications or open certain files usually […]
Investing in the Future with a 529 Education Plan
If you have a child or grandchild who’s going to attend college in the future, you’ve probably heard about qualified tuition programs, also known as 529 plans. […]
Worried About an IRS Audit? Prepare in Advance
IRS audit rates are historically low, according to a recent Government Accountability Office (GAO) report, but that’s little consolation if your return is among […]
