Are Scholarships Considered Taxable Income?
With higher education costs rising, many families seek scholarships to help pay the bills. If your child gets a scholarship, you might be curious about how it impacts your family’s
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Evaluating Lost Business Value As A Source Of Economic Damages
Many companies depend on their relationships with key customers or vendors (or both) to survive. So, when even one of these key relationships is disrupted (for whatever reason) one party
How Do The Tax Depreciation Rules Work For Business Automobiles?
If you use an automobile in your trade or business, you may question how depreciation tax deductions are determined. It can be a bit tricky to determine because the rules
Addressing Neurodiversity In Hiring & Employment
While many employers are working to implement and improve diversity, equity, and inclusion (DEI) programs, they tend to focus on factors such as race, ethnicity, and gender identity. These are
Tackle These Five Payroll Challenges for Financial Institutions
By: Andy Clemens Effective payroll management is crucial for any organization, especially in the financial sector where precise and timely payment of employees is paramount. See below for five common
Are Shareholder Advances Classified As Debt Or Equity?
Occasionally, owners of closely held businesses may have to advance their company’s money to bridge a temporary slump or provide funds for an expansion or major purchase. In instances such
Careful Estate Planning Coordination Is Required For Payable-On-Death Accounts
If you need a quick, simple, and inexpensive way to transfer assets outside of probate, payable-on-death (POD) accounts could be a possible solution. And they can be used for bank
Potential Successes & Pitfalls When Merging Non-Profits
Mergers are typically associated with the corporate world when companies combine to expand sales territory, gain competitive advantages, and boost profits. However, merging non-profits can provide similar advantages, including greater
Business Owners & Executives: An Important Refresher On The Trust Fund Recovery Penalty
You might automatically assume that the “trust fund recovery penalty” is related only to estate planning. However, it’s very important for business owners and executives to know better. In fact,
Do You Rent Out A Vacation Home? Here Are The Tax Rules.
Many in the U.S. either own a vacation home or aspire to someday. If you do own a second home and it’s in a desirable location on a waterfront, in