To help justify your business expenses, it’s important to keep careful business records. Here are some DOs and ...
The deductibility of research and experimental expenses is limited for businesses. However, The One, Big, Beautiful B...
You’ve probably heard about The One, Big, Beautiful Bill in Congress. If enacted, what does it mean for your bu...
Health Savings Account (HSA) update for employers: If your business offers HSAs, the IRS recently released the 2026 i...
As a C corporation or S corporation business owner, setting your own salary can be tricky. If it’s too high or ...
A Section 127 educational assistance plan can be a smart investment for your business. With this tax-favored benefit,...
If your business is affected by the tariffs, consider implementing these tips to mitigate their impacts.
As a small business owner, you might hesitate to establish a retirement plan due to the administrative complexities i...
No matter how meticulous your business is, payroll taxes can be complex. Here are six quick tips to help you stay on ...
Unpaid taxes withheld from your company’s employees might come back to bite you harder than you think. Find out...
Business owners have several options when planning for succession. Here are five to consider, along with the tax impl...
Achieving the best tax treatment for Sec. 1231 gains and losses can be a challenge. Here’s how to help plan the...
A court ruling has resulted in a nationwide preliminary injunction that temporarily halts beneficial ownership inform...
The deadline is fast approaching for many small businesses to file beneficial ownership information reports. Here&rsq...
A federal court has struck down a new rule regarding the salary threshold for determining whether employees are exemp...
The tax-advantaged retirement plan contribution amounts will increase less next year than in previous years due to ea...
What triggers an IRS audit and how can you prepare if your business is selected?
Form 1095-C is filed with the IRS and given to full-time employees of “applicable large employers.” Which...
The Federal Trade Commission’s ban on noncompete agreements is now in limbo after a recent court ruling.
The tax landscape for businesses may change significantly in the near future. That’s because provisions in the ...
The IRS has announced several tax-compliance initiatives that focus on businesses. Here’s a look at three of th...
A financial statement audit provides a detailed, reliable snapshot of a business’s entire operations. But somet...
Time flies when you’re busy running a business. It’s important to pause at midyear and assess interim fin...
Timeliness counts in financial reporting. Here’s why it pays to issue your company’s financial statements...
Businesses that file 10 or more information returns must now file them electronically.
Are you contemplating a merger or acquisition in 2024? Comprehensive financial due diligence is the cornerstone of a ...
Many new ventures start out as sole proprietorships. Here are nine considerations if you’re operating a busines...
Complex calculations are involved in claiming depreciation deductions for the business use of a passenger automobile....
The leaves are beginning to turn in some areas so it’s time for businesses to start thinking about year-end tax...
Beware of fraudsters hyping the Employee Retention Tax Credit! Not all businesses are eligible despite the claims you...
Some taxpayers can look forward to receiving transitional relief from the IRS related to the required beginning dates...
As costs rise, investors and lenders are eyeing profits closely. Here’s the latest development on the FASB&rsqu...
Many organizations use QuickBooks for everyday accounting tasks. But did you know that this software can also functio...
Non-GAAP metrics can sometimes mislead investors! That’s why some stakeholders want a formal definition of EBIT...
Financial reporting is more than an exercise in compliance. Proactive owners and managers view their income statement...
Has the start of spring piqued your interest in green business practices? Eco-friendly initiatives can be good for th...
What types of information and procedures do auditors use to verify account balances and transactions? Anticipating do...
Entrepreneurs often invest blood, sweat and tears to start new businesses. But few are experts in financial reporting...
For 2023, high inflation has increased the adjustments the IRS makes annually to certain tax provisions. Here’s...
January 31 is an important deadline for businesses with hired workers. Here’s what’s due.
Has your accounting method kept up with your financial needs? It periodically makes sense to evaluate how you’r...
Converting from C corporation to S corporation status could trigger unexpected tax if you use the last in, first out ...
Newly issued rules on how to report supplier finance programs will provide critical information on the financial heal...
The tax treatment of computer software costs can be more complicated than you might think. Here are the basic rules.<...
New lease accounting rules go into effect this year for private companies and nonprofits. Related-party leases contin...
A recent survey of audit partners found that 40% were uncertain about the outlook for their primary industries. In li...
Is your company being transparent about contingent liabilities? In today’s uncertain conditions, reporting cont...
If you run a one-person small business, you might be able to build a bigger retirement nest egg with a solo 401(k) pl...
A limited liability company can give you corporate-like protection from creditors while providing the benefits of tax...
The “dividends-received deduction” may take some of the bite out of a C corporation’s tax bill. Her...
Form 1095-C is filed with the IRS and provided to employees of “applicable large employers” who are full-...
If your business operates as a C corporation, you may save tax by becoming an S corporation. Here’s a rundown o...
If your business plans to purchase bonus depreciation qualifying property, take action soon to realize a valuable tax...
With 2021 in the rear-view mirror, it’s once again time for calendar year-end government contractors to start t...
What are the keys to your company’s success? Read on to help unlock the answer.
Ever wonder how much of a tax break you’d get if you bought a private plane for your business? Here are the bas...
There may be ways your small business can save on 2021 taxes. But you must act before Dec. 31.
There are many factors to consider when choosing a business entity. Here are just a few.
When it comes to business planning, time plays a large part in long-term success.
Business owners and their employees don’t have to pay Social Security tax on all their wages. Amounts above a c...
Reducing employee risk plays a vital part in planning your business's future success and growth for the company....
Let's talk about the importance of communicating your business plans to those who can help you achieve them.
...
Have you bought or sold business assets in an M&A deal in 2021 or are in the process of a transaction? If so, you...
As a successful business owner, it's essential to know the reason behind why you're protecting your business and...
Have you been affected by one of the many natural disasters that have occurred this year? Tax relief may be available...
If your business is victimized by theft, embezzlement or internal fraud, you may be able to claim a tax deduction for...
Creating incentives for key employees to support your business long-term can be a great benefit to planning the futur...
If you own or operate a business, you may not know that the IRS has “Audit Techniques Guides” for certain...
Divorce may have tax implications for the spouses involved, especially if one or both of them owns a business. Here a...
Certain types of businesses receive large payments of cash. They may be required to report the transactions to the IR...
Most business owners have a personal financial plan, but let's talk about why connecting that with a business continu...
If you received a PPP loan, important forgiveness deadlines are approaching. Are you ready?
The IRS will impose the “Trust Fund Recovery Penalty” on certain business owners and managers personally ...
Let's take a look at just why agility is such an important skill for business owners to acquire and apply to their bu...
If you have children age 17 or under, it’s critical to understand the recent changes made to the child tax cred...
As part of the American Rescue Plan Act enacted in March, significant changes were made to the child tax credit that ...
A company's key employees play an essential role in maintaining business success. So, what can you do in order to kee...
"Recordkeeping DOs and DON’Ts for Business Meal and Vehicle Expenses" | Keeping meticulous business record...
Are you a business owner with teenage or college-age children who constantly need cash? You may want to hire them to ...
You may know where you want your money to go when you die, but let's take a look at how to plan and strategize your w...
Businesses that provide Health Savings Accounts to employees know they have a variety of benefits. Here are a few of ...
When setting your business up for success, it's important to be able to identify deals that may hurt your company's f...
Employee or independent contractor? That’s the question businesses ask when they bring on certain workers. Here...
Some employers offer educational assistance plans as a recruitment and retention tool. Here are the rules to help ens...
Many small entities suffered major losses during the pandemic. Here’s welcome relief from the FASB for private ...
There’s a great deal of interest in alternative energy technologies today. If your business invests in certain ...
Eligible businesses affected by the COVID-19 pandemic now have until May 31 to apply for a PPP loan. Here’s the...
The Employee Retention Credit (ERC), which was created to encourage employers to keep their workforces intact during ...
Business owners put years, if not decades, into planning the success of their business. However, rarely do they have ...
On March 11, 2021, President Biden signed into law the American Rescue Plan Act (ARPA). The...
Is the success of your business tied to certain “key” people? Many startups, professional service firms a...
Congress has passed the latest legislation aimed at providing economic and other relief from the COVID-19 pandemic th...
The current expected credit loss (CECL) standard has been delayed again. Under the recently enacted COVID-19 economic...
Buying or selling a business may be the largest transaction you’ll ever make. Pay attention to taxes. After a d...
Data analytics can help your nonprofit validate trends, uncover root causes and improve transparency. But before you ...
Do you know the warning signs of delinquent payments? Being proactive helps protect your cash flow and profits.
Business owners put years of planning and preparation into making their businesses successful. However, have you...
How strong are your company’s internal controls? Public companies must answer this question annually, and priva...
Businesses that have been hit hard by the COVID-19 may be able to obtain help with PPP loans. Here are the basic rule...
One of the major provisions of the Consolidated Appropriation Act, 2021 has been the extension and modification of th...
There are many benefits, as well as challenges, to transferring the ownership of your business to someone in your fam...
On Monday, December 21, 2020, The U.S. House of Representatives and the Senate passed the Consolidated Appropriations...
It can be difficult to consider what will happen to your business and your family if you die unexpectedly. This ...
Entrepreneurs: Don’t ignore saving for retirement. Here are the basics of tax-favored plans to help build your ...
Before audit season starts, consider how a conflict of interest could negatively impact your financial statements.
Good delegation is essential to running your nonprofit efficiently and cost-effectively. Here’s how to choose t...
Next-level management teams are the drivers behind building business value, but how can you and your advisors attract...
Insurance is the cornerstone of your risk management program. Fortunately, it can be affordable because most nonprofi...
Internal auditors can provide assurance that a nonprofit’s internal controls are effective at minimizing risk, ...
What is due diligence and why is it important when it comes to selling your business? Find out more...
Nonprofits are obligated to use resources to support their mission and benefit those they serve. Here’s why ins...
Unscrupulous nonprofits sometimes use “gifts in kind” to mislead donors and boost their ratings. New acco...
Even if your nonprofit is weathering 2020’s multiple storms, your staffers may be anxious. Make sure you’...
The more you know about IRS audits, the better you can fare when that letter arrives in the mail.
When deciding to exit your business, you will need a proven process in place to ensure you have covered all the bases...
Every action you take during the life of your business has an impact on your departure down the road. Learn more ...
Before your nonprofit joins a collective impact initiative, review five typical requirements; it could mean the diffe...
Attention, lenders! COVID-19-related loan modifications may be exempt from the complex accounting rules for troubled ...
With fall's arrival, it’s time for businesses to start thinking about fourth quarter tax deadlines.
Who cares if your financial statements are late? Lenders and investors, that's who. Procrastination may cause them to...
Even if your private foundation has good intentions, it may not be enough. You need a conflict-of-interest policy to ...
The IRS has issued guidance to implement the deferral of the employee share of SS tax, but employers still have quest...
Know the difference between Succession Planning, Exit Planning and Business Planning and how to best execute each.
Many businesses have undergone strategic shifts during the pandemic. Here’s how to determine whether that chang...
Financial dashboards help nonprofit leaders make decisions by providing clear visualizations of key metrics. Here is ...
Depreciating assets involves a complex area of tax law; here’s a rundown:
Follow these steps to develop a clear picture of how to transition your business to the successor you choose.
Employee Social Security Payroll Tax Deferrals Begin Amid Continued Questions
Here are some key factors to consider when evaluating your company’s current level of assurance.
Under stress? Here’s how you can spot vulnerabilities and prevent your business from being blindsided in crisis...
Government or foundation grants can help your nonprofit, but they could hamstring your organization. Learn more....
If your business received a PPP Loan, you should be aware of the potential tax implications.
Business owners often consider “insiders” as viable successors. Can this be a fatal flaw in planning...
Nonprofits that enforce a "code of ethical conduct" are associated with 50% lower fraud losses. Get started here...
Today’s markets are unpredictable, but changing conditions can open new business opportunities.
The SBA just released a new round of FAQs targeted at providing guidance for PPP loan forgiveness. Find out more.
How the pandemic could add a new layer of complexity to the new-and-improved auditor’s report.
In some cases, partners may be taxed on more partnership income than was distributed to them from their partnerships....
Is your business running like a fine-tuned machine? Dashboard reports can help you quickly recognize problems and eme...
Even if your nonprofit isn’t required to have an external audit, there are many good reasons to obtain this add...
Beware: Your supply and service contracts may contain hidden surprises known as “embedded” leases.
Government Contractor Training Event: Accounting and The CARES Act
The “Trust Fund Recovery Penalty” is among the more dangerous tax penalties facing business owners and ma...
The extended federal income tax deadline is coming up fast. As you know, the IRS postponed until July 15 the payment ...
One of the most important elements of a successful business transition is transferable value. No matter what an owner...
As advisors, we are fielding a flood of questions from business owners, CFOs and controllers on how to account for be...
Global economic disruption uniquely affects each business.
Growing Business Value When Times are Tough
This article does a nice job of illustrating the importance of business intelligence, i.e., using data to drive decis...
We really appreciate Gartner’s view that organizations must understand the business and human impact first, the...
Check out Andre Sterley's Video Newsletter.
The Coronavirus Aid, Relief, and Economic Security Act (CARES) was signed into law on March 27, 2020 to provide econo...
CARES Act - Funding and Employment Retention Provisions
Contractors should prepare to navigate through potential contract claims
CARES Act - Tax Provisions for Businesses
Final Indirect Cost Proposals and Year-End Reporting
As we start a new year, it’s time to “close ...
This article is as close as it gets in the valuation world to the “Extra, Extra… Read all about it&...
Owning a successful business can complicate family relations, especially when it comes to family finances. With ...
Monty Hall and the Discount for Lack of Marketability…
Monty Python and the Discount for Lack of Marketability
OK – the subject line of this article is a naked attempt to attract your attention but if you read on you ...
What can you do to help yourself overcome growth plateaus?
A brief explanation of EBITDA v. SDE in calculating the value of a business
Do you have the information you need to negotiate for your business?
Take a moment to consider the long-term future of your business.
Many REITs are eligible to implement a tax strategy known as cost segregation. Unfortunately, misinformation has left...
The deductibility of certain expenses is obvious, while in other cases it’s unclear. And the TCJA affects many ...
New accounting rules for reporting leases finally goes into effect in 2019 for public companies and 2020 for nonpubli...
Your not-for-profit probably already ensures that donors receive a receipt with information about claiming a charitab...
If your not-for-profit relies heavily on a few funding sources — for example, an annual government or foundatio...
While it remains the case that the lower corporate tax rates for C corporations increase cash flows and therefore pot...
Countless nonprofits have partnered up for strength and survival in recent years, but the success of these arrangemen...
Part 2 of 3: A summary of the most widely applicable points of the tax reform passed in December 2017.
A summary of the most widely applicable points of the tax reform passed in December 2017.
Part 3 of 3: A summary of the most widely applicable points of the tax reform passed in December 2017.
Part 1 of 3: A summary of the most widely applicable points of the tax reform passed in December 2017.
The Impact of New Tax Law on Valuations
Sting is one of the more cerebral pop musicians and he clearly is wise to the ways of business valuation practice. So...
It’s been said that the best time to plant a tree is 20 years ago — or today. The same applies to your bu...
One of the main differences between the world of real life transactions and the fair market value world is the way th...
Although each board's involvement in its not-for-profit agency's operations varies from situation to situation, all b...
Well, maybe that's a bit of an oversell, but certainly having a greater impact on the pocket book, the battle over ho...
Accounting for business combinations In accounting and reporting for transactions that represent business combinatio...
Recently, I have dealt with a number of issues relating to the valuation of goodwill. One particular case involved a ...
A business plan is like a road map. It can help you get where you’re going. It also can tell you that it may no...
An article in the Atlantic Monthly refers to the emergence of a new term - the "rule of thump" - based on confusion w...
Channeling Frank Sinatra this month, I turn my attention to Revenue Ruling 59-60. This key valuation document issued ...
On the southeast corner of a major, urban intersection is an established privately-held "fast food" hamburger restaur...
Where does the value of a business come from? First and foremost, it comes from the ability to generate earnings, its...
The opportunity to gawp at the lifestyles of the rich and famous was a side benefit to taking a look at a dispute ove...
A nonprofit's financial management system involves much more than tracking money in and out. Your ability to deliver ...
Clients are often mystified by the adjustments business valuation analysts make to financial statements when we start...
What a great start to 2015 - when a recent case allows me to include a reference to the halcyon days of Monty Python ...
Many entrepreneurs start a business with other like-minded business people and don’t want to think about what h...
Many nonprofit managers regard budgeting as a necessary evil that must be done to satisfy the board of directors and ...
The case of Bross Trucking v Commissioner (Tax Ct. Memo LEXIS 109) was not strictly a valuation case but did address ...
This month's commentary does not feature bottles of red or white (with apologies to Billy Joel) - though other bevera...
Three accounting alternatives for private companies To provide for accounting alternatives that certain private comp...
A recent tax court case allows me to dig up a reference to an R.E.M. hit single (never my favorite, but, hey, any por...
Alternatives reduce private company cost of standards compliance Two accounting alternatives within the U.S. genera...
In an effort to be down with the kids, this month's title comes from a Taylor Swift hit single - a big step from my n...
Four simple solutions for reducing waste Those of us who operate in the manufacturing and distribution world are fam...
I recalled this bon mot from Mark Twain as I reviewed a recent article from Business Valuation Resources that focused...
As companies vie for their share of federal funds in a competitive market, many are weighing the benefits of a small ...
Definition of "public business entity" brings much needed clarity Currently, multiple definitions of "public busines...
Sometimes it's just good to channel Maria in the Sound of Music and go back to basics. I recently had a good opportun...
A Neil Diamond song title as this month's hook? What? Who? How? Calm down - all will be revealed at the end of this e...
I never thought I would be minng Cher's back catalog for inspiration for an even more tenuous link for the title to t...
The American Taxpayer Relief Act that became law on Jan. 2, 2013, changed the landscape of when an estate tax return ...
This month we're going to do some finance stuff - be warned, there may even be a formula... As valuation analysts, we...
Welcome to the October edition of A & A Advisor! In this issue: New Guidance: How to use the liquidation basi...
We know that Bob Marley didn't want to wait in vain (in fact he said so repeatedly in the song) - and neither does th...
Welcome to the July 2013 edition of Inventory Counts! In this issue: Reinstated R&D Credits: Don't miss this ...
Welcome to the May 2013 edition of Inventory Counts! In this issue: Your Supply Chain Water Conservation Custo...
Welcome to the February edition of A & A Advisor! In this issue: Special-Purpose Financial Reporting Framewo...
You may recall that I sent out an e-mail last year highlighting the dispute between the Estate of Ileanna Sonnenband ...
Welcome to the March 2013 edition of Inventory Counts! In this issue: Pricing Strategies: Are Your Products Pric...
Welcome to the February edition of A & A Advisor! In this issue: Limited liability entities Have you analyz...
On January 9th, 2013, the 46-day-long General Assembly session opened and, as in previous years, the VRF lobby team h...
Welcome to the December edition of A & A Advisor! In this issue: How to account for.. Deferred compensation ...
As we plan for the upcoming audit season, the Audit & Accounting team at Wall, Einhorn & Chernitzer, P.C. (WE...
I struggled with the title of this item......the story itself has been a godsend to headline writers and I don't feel...
Welcome to the Fall edition of A & A Advisor! In this issue: What if ... management doesn’t evaluate variabl...
Please file the following under the "I'm just sayin'..." category - far be it from me to draw any conclusions! ...
What is the Returning Heroes and Wounded Warriors Work Opportunity Tax Credit? The Returning Heroes and Wounded ...
Due diligence is one of the most critical stages in the process of purchasing a business. Some buyers incorrectly ass...
A cost segregation study can help you maximize tax savings and increase cash fl ows onyour future, current...
I have always cringed when Sting followed up the title line with "Things they would not teach me of in college". On t...
Paul Simon's lyrics seem to sum up the approach the Tax Court took in the case of Estate of Louise Paxton Gallagher v...
Don Henley, the sage that he is, goes on to state that: "You can never leave" ... yet that isjust what every business...
Oh yes, just squeezing in a Springsteen reference again - it's been a while. So how do I justify this random referenc...
So we're trying to value a 50% interest in a company. We've determined the value of 100% to be $10 million ...
If, emulating Jack Nicholson and Morgan Freeman, you hope to climb the Pyramids and hit the tables in Monte Carlo whe...
We all know how important it is to understand how tax laws affect the day to day operations of a construction busines...