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The Tax Score of Winning

Studies have found that more people are engaging in online gambling and sports betting since the pandemic began. And there are still more traditional ways to gamble and play the

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M&A Transactions: Be Careful When Reporting to The IRS

Low interest rates and other factors have caused global merger and acquisition (M&A) activity to reach new highs in 2021, according to Refinitiv, a provider of financial data. It reports

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What Goes Into a Fraud Damages Calculation?

At first glance, calculating restitution for fraud damages may seem relatively simple. If someone steals $10,000 from a company, that person should repay that amount, perhaps with interest, right? Not

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Double-Check the Rules on Spousal Consent for 401(k) Distributions

Some 401(k) plans require spousal consent whenever a participant takes a distribution. Others do not require spousal consent for distributions or loans. Rather, it is required only if a participant

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Is It Time to Upgrade Your Accounting System?

Timely financial data is key to making informed business decisions. Unfortunately, it is common for managers to struggle with their companies’ accounting systems to get the information they need when

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Is Your Power of Attorney for Property Powerful Enough?

Your estate plan may include a power of attorney for property that appoints another person to manage your investments, pay your bills, file your tax returns, and otherwise handle your

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Best Practices for Effective Non-Profit Board Meetings

Whether your non-profit is continuing to hold virtual board meetings or is back to in-person gatherings, you do not want to waste members’ time. Board meetings need to be long

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EIDL Program Retooled for Still-Struggling Small Businesses

For many small businesses, the grand reopening is still on hold. The rapid spread of the Delta variant of COVID-19 has affected a variety of companies and resulted in diminished

Is a Health Savings Account Right for You?

Given the escalating cost of health care, there may be a more cost-effective way to pay for it. For eligible individuals, a Health Savings Account (HSA) offers a tax-favorable way

Tax Depreciation Rules for Business Automobiles

If you use an automobile in your trade or business, you may wonder how depreciation tax deductions are determined. The rules are complicated, and special limitations that apply to vehicles