5.16.22
Valuing Noncompetes in Business Combinations
Purchase price allocations are an important part of negotiating a successful M&A transaction. The value of most assets — such as receivables, inventory and equipment…
5.16.22
Leveraging Internal Audits
Many companies have an internal audit department that tests whether the organization is accurately reporting financial results and complying with U.S. Generally Accepted Accounting Principles…
5.9.22
Sending the Kids to Day Camp May Bring a Tax Break
Among the many challenges of parenthood is what to do with your kids when school lets out. Babysitters are one option, or you might consider…
5.9.22
To Get an “Early” Refund, Adjust Your Withholding
Each year, millions of taxpayers claim an income tax refund. To be sure, receiving a payment from the IRS for a few thousand dollars can…
5.9.22
After Filing Your Taxes, What Records Can You Toss?
If you’ve filed your 2021 tax return, you may want to do some spring cleaning, starting with tax-related paper clutter. Paring down is good. Just…
5.9.22
Hiring Your Minor Children for Summer Jobs
If you’re a business owner and you hire your children this summer, you can obtain tax breaks and other nontax benefits. The kids can gain…
5.5.22
The Tax Mechanics Involved in the Sale of Trade or Business Property
What are the tax consequences of selling property used in your trade or business? There are many rules that can potentially apply to the sale…
5.5.22
After Tax Day: Take These Action Steps
The April tax filing deadline has passed, but that doesn’t mean you should push your taxes out of your mind until next year. Here are…
4.20.22
Tax Considerations When Adding a New Partner at Your Business
Adding a new partner in a partnership has several financial and legal implications. Let’s say you and your partners are planning to admit a new…
4.19.22
Goodwill in a Bad Economy
In today’s volatile economy, many businesses and nonprofits have been required to write down the value of acquired goodwill on their balance sheets. Others are…