Business owners often find the greatest obstacle to innovation isn’t the change itself, but employees’ resistance to it. Their hesitation or outright defiance is frequently driven by fear. Some workers
When professional auditors review a non-profit’s books, they usually spend significant time on revenue. Inadequate revenue — or revenue trending in the wrong direction — can provide an early warning
When you take withdrawals from your traditional individual retirement account (IRA), you probably know they’re taxable. But there may be a penalty tax on early withdrawals depending on how old
Sometimes, bigger isn’t better: Your small- or medium-sized business may be eligible for some tax breaks that aren’t available to larger businesses. Here are some examples. 1. Qualified Business Income
Reasonable (or replacement) owners’ compensation can be a hot button during IRS audits, divorces, shareholder disputes, and other litigation matters involving the value of a private business. What’s appropriate depends
Today, many companies share research or technology to develop new products. For example, manufacturers might enter into a joint venture to conduct scientific research to design a new medical device.
Many employers offer health care plans and other benefits that fall under the purview of the Employee Retirement Income Security Act of 1974 (ERISA). A recent federal court decision serves
The Tax Cuts and Jobs Act (TCJA) significantly boosted the potential value of bonus depreciation for taxpayers — but only for a limited duration. The amount of first-year depreciation available
Personal items — which may have modest monetary value but significant sentimental value — may be more difficult to address in an estate plan than big-ticket items. Squabbling over these
Missouri recently enacted House Bill No. (HB) 2400, which includes a section called the “SALT Parity Act.” This Act allows pass-through entities (s-corporations and partnerships) to make an election to
