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.
The Build Back Better Act is one step closer to becoming law as it passes the U.S. House.
The sun has set on the valuable Employee Retention Credit. Here’s what happened.
Is your business giving holiday gifts to employees or customers this year? Or are you throwing a holiday party? Here ...
If you’re concerned about your 2021 tax liability, consider these year-end tax planning strategies.
Congress has passed the Infrastructure Investment and Jobs Act. Find out what tax-related provisions have been built ...
Allocating year-end tax planning time now can prove beneficial come tax filing time next year.
Looking for a flexible, tax-advantaged option for providing health care coverage at your business? Consider a Health ...
Business owners and their employees don’t have to pay Social Security tax on all their wages. Amounts above a c...
The fate of the Build Back Better Act and the Bipartisan Infrastructure Bill remains uncertain as Congress continues ...
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...
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...
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...
If your corporation defaults on a loan that you guarantee, you don’t want to be blindsided by the tax implicati...
Certain types of businesses receive large payments of cash. They may be required to report the transactions to the IR...
If you spend money personally on behalf of your closely held corporation, you want to make sure either you or the bus...
If you received a PPP loan, important forgiveness deadlines are approaching. Are you ready?
Business applications have increased over the past year, according to the U.S. Census Bureau. If you’re launchi...
Owners of “pass-through” businesses can claim a valuable tax deduction that was created by a 2017 law. He...
"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...
Employee or independent contractor? That’s the question businesses ask when they bring on certain workers. Here...
If you’re trying to keep straight all of the tax proposals the Biden administration has recently announced, her...
Some employers offer educational assistance plans as a recruitment and retention tool. Here are the rules to help ens...
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...
Monty Hall and the Discount for Lack of Marketability…
Sting is one of the more cerebral pop musicians and he clearly is wise to the ways of business valuation practice. So...
One of the main differences between the world of real life transactions and the fair market value world is the way th...
Well, maybe that's a bit of an oversell, but certainly having a greater impact on the pocket book, the battle over ho...
Recently, I have dealt with a number of issues relating to the valuation of goodwill. One particular case involved a ...
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...
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...
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...
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...
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...
I recalled this bon mot from Mark Twain as I reviewed a recent article from Business Valuation Resources that focused...
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...
This month we're going to do some finance stuff - be warned, there may even be a formula... As valuation analysts, we...
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...
You may recall that I sent out an e-mail last year highlighting the dispute between the Estate of Ileanna Sonnenband ...
I struggled with the title of this item......the story itself has been a godsend to headline writers and I don't feel...
Please file the following under the "I'm just sayin'..." category - far be it from me to draw any conclusions! ...
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...
If, emulating Jack Nicholson and Morgan Freeman, you hope to climb the Pyramids and hit the tables in Monte Carlo whe...