Accounting for M&As

Thursday, January 18, 2024
Business merger and acquisition (M&A) transactions have significant financial reporting implications. Notably, the company’s balance sheet will look markedly different than it did before the business combination. Here’s some guidance...... Read More

Facing a future emergency? Two new tax provisions may soon provide relief

Tuesday, January 16, 2024
Perhaps you’ve been in this situation before: You have a financial emergency and need to get your hands on some cash. You consider taking money out of a traditional IRA...... Read More

Business automobiles: How the tax depreciation rules work

Monday, January 15, 2024
Do you use an automobile in your trade or business? If so, you may question how depreciation tax deductions are determined. The rules are complicated, and special limitations that apply...... Read More

Shareholder advances: Debt or equity?

Thursday, January 11, 2024
From time to time, owners of closely held businesses might need to advance their companies money to bridge a temporary downturn or provide funds for an expansion or another major...... Read More

Are scholarships tax-free or taxable?

Tuesday, January 09, 2024
With the rising cost of college, many families are in search of scholarships to help pay the bills. If your child is awarded a scholarship, you may wonder about how...... Read More

How IRS auditors learn about your business industry

Monday, January 08, 2024
Ever wonder how IRS examiners know about different industries so they can audit various businesses? They generally do research about specific industries and issues on tax returns by using IRS...... Read More

Teaching your accounting staff to master the art of negotiation

Thursday, January 04, 2024
Effective negotiation skills are critical when hiring a CEO or salesperson who deals with major contracts on a regular basis. Yet these skills aren’t necessarily at the forefront when looking...... Read More

The tax implications of renting out a vacation home

Tuesday, January 02, 2024
Many Americans own a vacation home or aspire to purchase one. If you own a second home in a waterfront community, in the mountains or in a resort area, you...... Read More

New per diem business travel rates kicked in on October 1

Monday, January 01, 2024
Are employees at your business traveling and frustrated about documenting expenses? Or perhaps you’re annoyed at the time and energy that goes into reviewing business travel expenses. There may be...... Read More

Ways to speed up your month-end close

Thursday, December 28, 2023
Does your company struggle to close its books at the end of each month? The month-end close requires accounting personnel to round up data from across the organization. This process...... Read More