The Evolution of Small Business Accounting
Accounting as we have known it is changing. In addition, the small business model is rapidly changing and the most successful small businesses may
Read MoreDon’t roll the dice with your taxes if you gamble this year
For anyone who takes a spin at roulette, cries out “Bingo!” or engages in other wagering activities, it’s important to be familiar with the applica
Read MoreInvestigate the tax benefits of the research credit
If your company engages in research and development, you’re driven to innovate and bring new products and improvements to market.
Read MoreBecome an Informed Voter
As everyone knows, we will be electing a new president this coming November and with that comes at least one responsibility for eligible voters in
Read MoreCorporate shareholder-employees: Find the right compensation balance
The IRS may object to the compensation of C corporation shareholder-employees.
Read MoreWhy you can’t always count on the book value of property and equipment
The market value of property and equipment often exceeds book value, especially for fixed assets that appreciate (rather than depreciate) in value
Read MoreThe tax and estate planning pitfalls of retiring overseas
Have you dreamed of spending your golden years in a tropical paradise or a culture-rich European city?
Read MoreIRA Tips
IRA stands for Individual Retirement Arrangement. IRAs can be great retirement planning tools that can also save you tax dollars. Below are some
Read MoreBuild a better nonprofit audit committee
Audit committees may seem like just one more layer of bureaucracy, but they’re rapidly becoming a not-for-profit best practice.
Read MoreEstate tax deferral offers relief to some business owners
If a substantial portion of your wealth is tied up in a family or closely held business, you may be concerned that your estate will lack sufficient
Read MoreThe “kiddie tax”: A trap for the unwary
It’s common for parents, grandparents and others to make gifts to minors and college students.
Read MoreTo deduct business losses, you may have to prove “material participation”
You can only deduct losses from an S corporation, partnership or LLC if you “materially participate” in the business.
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