Tax Responsibilities When Closing a Business

Monday, September 16, 2024
Despite improvements in various aspects of the economy this year, the rising cost of living and other economic factors have led many businesses to close. If you find yourself in...... Read More

Is a 412(e)(3) Retirement Plan Suitable for Your Business?

Friday, September 13, 2024
When businesses are ready to sponsor a qualified retirement plan, the first option that often comes to mind is the 401(k). However, there are other, less commonly known options that...... Read More

Bookkeeping: Building a Strong Foundation for Financial Reporting

Thursday, September 12, 2024
According to the U.S. Chamber of Commerce, there are currently over 33 million small businesses in the United States. To succeed in today’s competitive markets, your business organization needs to have...... Read More

Six Tax Issues to Consider During a Divorce

Tuesday, September 10, 2024
Divorce involves challenging personal matters, and taxes might be the last thing on your mind. However, several tax considerations need to be addressed to minimize taxes and make informed tax-related...... Read More

Consider a Buy-Sell Agreement for Your Business with Co-Owners

Monday, September 09, 2024
Are you purchasing a business that will have co-owners? Or do you already own one that fits that description? If so, consider implementing a buy-sell agreement. A well-crafted agreement can...... Read More

Businesses Have Options for Technology Leadership Positions

Friday, September 06, 2024
Technology continues to profoundly impact how businesses operate and engage with customers. According to the Business Software Market Size report from Mordor Intelligence, the global market for commercial software is...... Read More

The Case for and Against Mandatory Audit Firm Rotation

Thursday, September 05, 2024
In the realm of financial audits, independence is paramount. The long-standing relationships between audit firms and their clients can sometimes pose a threat to this independence, raising concerns about the...... Read More

When are estimated taxes due?

Tuesday, September 03, 2024
Federal estimated tax payments are designed to ensure that certain individuals pay their fair share of taxes throughout the year. If you don’t have enough federal tax withheld from your...... Read More

Understanding the Tax Implications of Selling Business Property

Monday, September 02, 2024
When selling property used in your trade or business, it's crucial to grasp the tax implications. Numerous intricate rules may apply. For this discussion, let's focus on scenarios involving land...... Read More

Navigating Compensation in Family Businesses

Friday, August 30, 2024
Every business must establish a philosophy, strategy, and specific policies regarding compensation. However, family businesses encounter unique challenges, particularly because they employ both family members and non-family staff.If your company...... Read More