Latest News and Information

April 17, 2025

Divorcing business owners can’t afford to skimp on valuation expertise

Dividing marital assets can be a long, complicated process, especially if a divorce case involves a private business interest. Failure to hire a business valuation

April 11, 2025

5 QuickBooks reports to review each month

Understanding your business’s financial health is essential for long-term success. QuickBooks® offers a powerful reporting tool suite that can provide critical insights to support decision-making

April 9, 2025

An essential tax deadline is coming up — and it’s unrelated to your 2024 return filing

Tuesday, April 15 is the deadline for filing your 2024 tax return. But another tax deadline is coming up the same day, and it’s essential

April 8, 2025

Small business alert: Watch out for the 100% penalty

Some tax sins are much worse than others. An example is failing to pay over federal income and employment taxes that have been withheld from

April 7, 2025

Creating a unified skills taxonomy: What employers need to know

Today’s employers face serious challenges in areas such as workforce planning, talent development and financial performance. A common factor among them is skills. Employees’ skill

April 4, 2025

Fight corporate corruption with robust accounting systems

Financial losses from corruption are on the rise, according to “Occupational Fraud 2024: A Report to the Nations,” published by the Association of Certified Fraud

April 3, 2025

FAQs about the excess earnings method in business valuation

Valuation professionals use various methods to determine the fair market value of a private business or business interest. One of the more debated techniques is

April 2, 2025

Discover if you qualify for “head of household” tax filing status

When we prepare your tax return, we’ll check one of the following filing statuses: single, married filing jointly, married filing separately, head of household or

April 1, 2025

Are you a tax-favored real estate professional?

For federal income tax purposes, the general rule is that rental real estate losses are passive activity losses (PALs). An individual taxpayer can

March 31, 2025

What’s a safe harbor 401(k)? Insights for employers

When employers are ready to sponsor a qualified retirement plan, a 401(k) is often the first one that springs to mind. However, many small to

March 28, 2025

Fight corporate corruption with robust accounting systems

Financial losses from corruption are on the rise, according to “Occupational Fraud 2024: A Report to the Nations,” published by the Association of Certified Fraud

March 26, 2025

Deduct a loss from making a personal loan to a relative or friend

Suppose your adult child or friend needs to borrow money. Maybe it’s to buy a first home or address a cash flow problem. You may

March 25, 2025

6 essential tips for small business payroll tax compliance

Staying compliant with payroll tax laws is crucial for small businesses. Mistakes can lead to fines, strained employee relationships and even legal consequences. Below are

March 24, 2025

Numerical vs. narrative: Performance review considerations for employers

Most employers recognize the importance of regularly scheduled performance reviews. The challenge is how to administer them.

There are two general approaches: numerical and narrative.

March 21, 2025

Ratio rundown: Use financial benchmarking to unlock profitability, efficiency and growth

Financial statements tell a powerful story about your business. However, they can seem like an overwhelming collection of figures without proper analysis. Financial benchmarking studies

March 20, 2025

A blueprint for valuing construction companies

Determining the value of a construction company is complex and requires a deep understanding of industry-specific challenges and financial metrics. Whether a construction business owner

March 19, 2025

Turning stock downturns into tax advantages

Have you ever invested in a company only to see its stock value plummet? (This may become relevant in light of recent market volatility.) While

March 18, 2025

Planning for the future: 5 business succession options and their tax implications

When it’s time to consider your business’s future, succession planning can protect your legacy and successfully set up the next generation of leaders or owners.