Proactive business owners always have an eye on the future. And part of that preparedness means knowing what the company is currently worth and doing everything...
Spotlight: The One Big Beautiful Bill Act
Learn how the One Big Beautiful Bill Act impacts businesses and accounting practices. Explore insights, resources, and expert analysis on this important legislation.
Estimating the Value of Your Business Today
Do You Owe SE Tax on Home Rental Income?
May 22, 2023If you rent out a second home — or part of your main residence — you may be unclear about whether you need to pay self-employment (SE) tax on your net renta...
Are You Using the Right Accounting Method for Your Business?
May 10, 2023The accounting method you currently use for your small business may no longer be appropriate due to changes in market conditions or within your company. The IRS...
How Construction Business Owners Can Prepare for an IRS Audit
May 10, 2023The IRS has historically considered construction a high-risk compliance industry because of its potential for cash transactions, underreported income and worker...
Is Your Manufacturing Company Eligible for Clean Energy Tax Credits?
May 09, 2023The Inflation Reduction Act (IRA), enacted in late 2022, provides valuable tax credits that support clean energy manufacturing. Significantly, the law created t...
Got a “Business” Idea? You Might Want to Form a Nonprofit
May 08, 2023Do you have an idea for a new venture with social benefits or environmental applications? You can set up as a for-profit entity — such as a C corporation, S c...
Got Fraud? Call a Forensic Accountant
May 08, 2023Fraud perpetrated by employees, management, vendors or customers can happen to any business. And if it does, it can take years to recover from the financial los...
Need a CFO? Hire or Outsource
Apr 28, 2023Small business owners often have accounting questions and financial advisory needs that don’t always occur at regular intervals or around tax time. Opportunit...
Resist Purging After Filing Your 2022 Tax Return
Apr 27, 2023The statute of limitations for the IRS to audit your tax return is typically three years. It begins on the later of: 1) the due date for your tax return or 2) t...
How External Auditors Can Leverage Your Internal Audit Work
Apr 26, 2023If your organization has an internal audit function, you may be able to use your internal audit team to streamline financial reporting by external auditors. Ext...