Valuing a business using the income approach may seem straightforward: Estimate future earnings and apply a risk-based discount rate to calculate present value. In practice, however, it’s […]
Before the One Big Beautiful Bill Act (OBBBA), tip income and overtime income were fully taxable for federal income tax purposes. The new […]
Do you and your spouse together operate a profitable unincorporated small business? If so, you face some challenging tax issues.
Your company’s supply chain is one of the many business functions vulnerable to fraud, particularly as foreign tariffs take effect. Dishonest employees and vendors are known to […]
At back-to-school time, much of the focus is on the students returning to the classroom — and on their parents buying them school […]
When investing in a business, the buyer considers how easily the interest can be converted to cash. However, transferring private business interests isn’t […]
A major tax change is here for businesses with research and experimental (R&E) expenses. On July 4, 2025, the One Big Beautiful Bill Act […]
The California Department of Tax and Fee Administration (CDTFA) has released an updated version of Publication 34: Motor Vehicle Dealers in March 2025. […]
As appearing in IRS Fact Sheet 2025-5
These FAQs are being issued to provide general information to taxpayers and tax professionals […]
As appearing in IRS Tax Tip 2025-58
With back-to-school, comes potential out-of-pockets costs for educators. The Educator Expense Deduction […]
