2 min read
The Tax Implications of Being a Winner
If you’re lucky enough to be a winner at gambling or the lottery, congratulations! After you celebrate, be ready to deal with the tax consequences of...
To help you understand the implications of the recent Corporate Transparency Act
We have prepared a selection of frequently asked questions.
2 min read
The IRS Is Targeting Business Transactions in Bitcoin and Other Virtual Currencies
Bitcoin and other forms of virtual currency are gaining popularity. But many businesses, consumers, employees and investors are still confused about...
2 min read
What’s the Difference Between the Two Types of Power of Attorney?
When drafting your estate plan, you and your attorney must account for what happens to your children and your assets after you die. But your plan...
3 min read
Executive Compensation: What Are IRS Auditors Looking For?
When IRS auditors begin the task of examining a company, they must first learn the in-house terminology utilized by the firm, as well as how records...
1 min read
Should You Buy or Lease?
Is it better to buy or lease business assets? The answer can be complicated. One rule of thumb: It's generally better to lease assets that will...
2 min read
The “Kiddie Tax” Hurts Families More Than Ever
Years ago, Congress enacted the “kiddie tax” rules to prevent parents and grandparents in high tax brackets from shifting income (especially from...
2 min read
Take a Closer Look at Home Office Deductions
Working from home has its perks. Not only can you skip the commute, but you also might be eligible to deduct home office expenses on your tax return....
2 min read
Naming a Trustee May Be One of the Most Important Decisions of Your Life
When it comes to estate planning, trusts are appealing for many reasons. They can enable you to hold and transfer assets for beneficiaries, avoid...
1 min read
M&A Transactions: Avoid Surprises From the IRS
If you’re considering buying or selling a business — or you’re in the process of a merger or acquisition — it’s important that both parties report...
Do You Have the Correct Amount of Insurance?
As risk management consultants, we don't sell insurance. Instead, we analyze a company's exposure to loss and recommend the best procedures and...
Consultants Can Help Your Business Achieve Success
Like business executives, you may have expertise in marketing, production and sales. Yet the short and long-term profitability of your company relies...
1 min read
Assets with Sentimental Value Require Extra Planning
When planning your estate, you’re likely focused on major assets, such as real estate, investments and retirement plans. But it’s also important to...
2 min read
Bartering: A Taxable Transaction Even If Your Business Exchanges No Cash
Small businesses may find it beneficial to barter for goods and services instead of paying cash for them. If your business engages in bartering, be...