Do you know what your business is worth right now? Practically speaking, it is worth what the highest bidder is willing to pay for it -- no more or no less. Nevertheless, by...
External Factors in a Business Valuation
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Starting a New Business or Organization?
When starting a new venture, there are a variety of entity choices -- although some will be easily ruled out based on your operation. Most entities are governed by state...
Sales Need a Jump-Start?
Even successful businesses get snarled up in a rut now and then -- a vicious cycle of status-quo marketing and current-customer dependence. If you're nodding your head thinking,...
Write Off Business-Related Vehicle Expenses
Q. I'm using my personal car in my business. How much can I deduct on my tax return for the vehicle expenses? A. There are two basic ways to write off expenses for...
Executive Compensation: What Are IRS Auditors Looking For?
When IRS auditors begin the task of examining a company, they must first learn the in-house terminology utilized by the firm, as well as how records are maintained. In the case...
Is This Your Situation — Worried about Taxes on an Asset Sale?
There is always a temptation to just sell off assets that you've accumulated and take the cash. But that generally results in a tax bill. There may be a way to profit more from...
It’s Tax Time All Year Round
Here are just five of the tax-smart decisions we can help you make during the year. If handled properly, they might significantly reduce your tax liability: 1. Should you buy or...
Will You Be Hit With AMT?
The end of the year is approaching so it's time to identify tax planning moves you should make before December 31st. The first step is for our firm to make a projection of your...
What is Blockchain and how will it change accounting?
Like it or not, blockchain is here to stay, and accounting is one industry that is sure to see disruption. Blockchain began as the technology behind Bitcoin, the most popular...
Partnerships Must Prepare for New Audit Regime
Originally posted in January, the IRS has reissued proposed regulation that implements the centralized partnership audit regime. Mandatory implementation takes effect January 1,...