How Cash Flow Statements Help Experts Find Fraud
Many fraud investigations focus on financial statements. Because cash is the most commonly stolen business asset, fraud experts regularly scrutinize statements of cash flow for signs of […]
Tax Rules of Renting out a Vacation Property
Summer is just around the corner. If you’re fortunate enough to own a vacation home, you may wonder about the tax consequences of renting […]
Looking Beyond the Financials for Clues to a Business’s Value
An experienced business valuation professional considers more than just a company’s financial statements when quantifying its value. The professional conducts detailed interviews and asks […]
Ways Your Business Can Accelerate Taxable Income and Defer Deductions?
Typically, businesses want to delay recognition of taxable income into future years and accelerate deductions into the current year. But when is it prudent to do the […]
What to Do When Your Identity is Used to File a Fraudulent Tax Return
In Fact Sheet 2022-25, the IRS has provided information about how taxpayers should handle non-tax and tax-related identity theft.
When a taxpayer believes their […]
Retaining Talent from “The Great Resignation”
(This is Blog Post #1189)
When Inheriting Money, Be Aware of “Income in Respect of a Decedent” Issues
Once a relatively obscure concept, “income in respect of a decedent” (IRD) may create a surprising tax bill for those who inherit certain types of property, such […]
Establish a Tax-Favored Retirement Plan
If your business doesn’t already have a retirement plan, now might be a good time to take the plunge. Current retirement plan rules allow for significant tax-deductible […]
Lost Your Job? Here are the Tax Aspects of an Employee Termination
Despite the robust job market, there are still some people losing their jobs. If you’re laid off or terminated from employment, taxes are probably the last thing […]
Rx for Valuing a Distressed Business
Over the last two years, market conditions — from cost increases and forced shutdowns to shortages of labor and supplies — have taken their […]
