Typically, businesses want to delay recognition of taxable income into future years and accelerate deductions into the current year. But when is it prudent to do the opposite? And why
An experienced business valuation professional considers more than just a company’s financial statements when quantifying its value. The professional conducts detailed interviews and asks for a variety of documents when
Business transactions with related parties — such as friends, relatives, parent companies, subsidiaries, and affiliated entities — may sometimes happen at above- or below-market rates. This can be misleading to
Currently, many public health experts are cautiously optimistic that cases, hospitalizations, and deaths related to COVID-19 will continue to trend downward or at least remain at manageable levels in most
Inattention to beneficiary designations and jointly titled assets can quickly unravel your estate plan. Suppose, for example, that your will provides for all of your property to be divided equally
According to a 2021 Independent Sector survey, 57% of Americans trust non-profits to “do what is right.” Although that’s a majority, being trusted by just over half of respondents is
Business owners are regularly urged to ‘see the big picture.’ In many cases, this imperative applies to a pricing adjustment or some other strategic planning idea. However, seeing the big
Once a relatively obscure concept, ‘income in respect of a decedent’ (IRD) may create a surprising tax bill for those who inherit certain types of property, such as individual retirement
Executives often receive lucrative compensation packages. But for some, it isn’t enough, and they engage in illegal activities to line their own pockets. The Association of Certified Fraud Examiners (ACFE)
If your business doesn’t already have a retirement plan, now might be a good time to take the plunge. Current retirement plan rules allow for significant tax-deductible contributions. For example,
