Are you purchasing a business that will have co-owners? Or do you already own one that fits that description? If so, consider implementing a buy-sell agreement. A well-crafted agreement can...... Read More
Technology continues to profoundly impact how businesses operate and engage with customers. According to the Business Software Market Size report from Mordor Intelligence, the global market for commercial software is...... Read More
In the realm of financial audits, independence is paramount. The long-standing relationships between audit firms and their clients can sometimes pose a threat to this independence, raising concerns about the...... Read More
Federal estimated tax payments are designed to ensure that certain individuals pay their fair share of taxes throughout the year. If you don’t have enough federal tax withheld from your...... Read More
When selling property used in your trade or business, it's crucial to grasp the tax implications. Numerous intricate rules may apply. For this discussion, let's focus on scenarios involving land...... Read More
Every business must establish a philosophy, strategy, and specific policies regarding compensation. However, family businesses encounter unique challenges, particularly because they employ both family members and non-family staff.If your company...... Read More
Non-profit organizations (NPOs) face increasing scrutiny regarding their financial statements from various stakeholders, including board members, donors, state charity officials, and legislators. This heightened attention puts pressure on management, the...... Read More
The IRS has announced the reopening of its Employee Retention Credit (ERC) Voluntary Disclosure Program (VDP), offering businesses a unique opportunity to correct incorrect ERC claims. This program, running through...... Read More
The current estate tax exemption amount ($13.61 million in 2024) has led many people to feel they no longer need to be concerned about federal estate tax. Before 2011, a...... Read More
If you own a closely held corporation, you have the option to borrow funds from your business at rates lower than those offered by banks. However, it's crucial to mitigate...... Read More
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