FAQs About the Accumulated Earnings Tax

The flat 21% corporate federal income tax rate ushered in by the Tax Cuts and Jobs Act makes operating your business as a C corporation attractive. That rate applies to all C corporations, including those classified as personal service corporations […]

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Get REAL: New ID Requirements for U.S. Travel

You may soon be unable to pass through security checkpoints at your local airport using your current form of identification, even if you're flying domestically. The crackdown is aimed at U.S. citizens who don't yet have a REAL ID-compliant driver's […]

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A valuable business tax credit

As of January 2025, the unemployment rate was reported to be 4%. Employers facing hiring challenges may benefit from a valuable one-time federal tax credit available through 2025. The Work Opportunity Tax Credit (WOTC) incentivizes businesses to hire individuals from […]

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FAQs About Reporting Subsequent Events

Subsequent events are in the spotlight these days. The Public Company Accounting Oversight Board (PCAOB) recently initiated a project to modernize outdated auditing standards related to these events. The PCAOB says the audit guidance hasn’t kept pace with changes in […]

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From risk to reward: Valuing emerging-market companies

In today’s global economy, an established business might consider expanding its revenue base by acquiring or merging with a company in an emerging market. These markets — for example, in Brazil, China, India, Mexico, South Africa and Turkey — provide […]

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Goodwill impairment: Is your company at risk?

Goodwill impairment is often a negative indicator. It potentially signals that a business combination failed to meet management’s expectations due to internal or external factors. In recent years, uncertain markets, lingering inflation and high interest rates have caused goodwill impairments […]

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