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Sometimes, differences in owners’ voting rights when valuing a closely held business interest can have an impact in the process. To arrive at a reliable value conclusion, a business valuation
Internal and external audits share common goals of promoting reporting transparency and helping prevent errors and fraud, playing a vital role in safeguarding your organization’s financial integrity. However, they still
For individuals and families who want to simplify their charitable giving while also being tax efficient, donor-advised funds (DAFs) have become increasingly popular. The total number of DAF accounts reached
The value of a trademark, copyright, patent, trade secret, or other piece of intellectual property (IP) to your business is dependent on whether or not you own it. Workers may
From donors, grantors, and the communities they serve, non-profits are built on trust. This trust can be quickly broken when the possibility of fraud by an employee arises. It’s important
If you operate as an S corporation, understanding reasonable compensation is essential for staying IRS compliant and avoiding payroll tax issues. S corps offer tax savings through salary vs. distributions,
Although April 15 is now behind us, there are still other important tax deadlines to be aware of for the remainder of the year. Pay attention to when key tax
Employees in some workplaces may stay late, but it may not always be to finish pressing work-related projects. Instead, they may be using employer resources, equipment, and materials to complete
For a business structured as a limited liability partnership (LLP) or a limited liability company (LLC), the passive activity loss (PAL) rules may limit your ability to deduct losses. In
Market volatility and unexpected disruptions can make even the most financially sound business vulnerable. Cash shortfalls, debt covenant violations, and reduced profitability are all results of a company discovering too
Looking beyond offering the standard health insurance and retirement plan is a great start to building a completive benefits package as an employer. Long-term care (LTC) insurance is one option
Estate planning no longer solely addresses physical property and financial accounts in today’s digital world. Your estate plan must now account for all your digital assets as well. Assets such
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