If your employees incur work-related travel expenses, you can better attract and retain the best talent by reimbursing these expenses. But to secure tax-advantaged treatment for your business and your employees, it’s critical to comply with IRS rules.
Posted in Business Tax
If you are a entrepreneur seeking to buy a franchise these 5 tips may help you ensure you're making the right choice.
Posted in Business Advisory
Say you currently have a direct ownership interest in a privately held company. Or, perhaps your company granted you stock options, stock appreciation rights, or some other type of stock-based compensation. Whatever the circumstances may be, you may consider yourself fortunate; but do you really know what your business interest is worth?
Posted in Business Valuation
How will you ever save enough money to pay for your children’s college educations? There are no absolute guarantees, but Section 529 plans may help you set aside funds, up to generous limits. Here are the answers to several common questions on this subject.
Posted in Individual Tax
On April 19, 2017, the Internal Revenue Service issued Revenue Procedure 2017-30 to update the list of automatic changes in methods of accounting to which the automatic change procedures under Rev. Proc. 2015-13 applies. In addition to adding three new automatic accounting method changes, the Rev. Proc. modifies existing automatic method changes, removes certain obsolete method changes, and provides limited transition rules.
Posted in Business Tax
In any business, or with any institution or organization, fraud often occurs when the person or persons charged with overseeing funds steal those funds after they’ve already been deposited into the organization’s checking account. This fraud occurs by what is known as theft by disbursements.
Posted in Accounting & Outsourcing
As the Trump administration and the House Republicans put the finishing touches on their tax package, one component remains front and center—the border adjustment, a proposal to change the ways goods and service are taxed depending on where they are manufactured and where they are consumed. Let’s take a closer look at what is being proposed and what effect it might have on U.S. companies.
Posted in Business Tax
The IRS recently released its annual list of “Dirty Dozen” tax scams to watch out for in 2017. Here is a rundown gleaned from the IRS’ summary.
Posted in Individual Tax
Now that the dust of a contentious presidential election cycle is settling, tax reform may be more likely in 2017 than in past years.
Posted in Business Tax
Recently, BDO Alliance USA released their 2014 Restaurant Benchmarking Update. Compiling the operating results of publicly traded restaurant companies, this report looks at costs of sales across all segments for food and beverage.
Posted in Business Advisory
