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
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
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
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
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
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
Do Not Let Vendor Fraud Infiltrate Your Organization
Vendor fraud can be costly — particularly when several perpetrators are involved. The median loss of a fraud scheme conducted by two individuals is $200,000, according to the Association of