Businesses can still cut their 2024 taxes
President-Elect Trump will take power early next year along with a unified GOP Congress. However, it’s still unknown how the tax landscape will change in the coming years. The good news is that businesses have several avenues to explore before […]
Read More Business Owners: Failure to Substantiate Donations Can Be Costly
Charitable donations can provide businesses with significant tax savings. But for gifts over a certain amount, they must obtain a contemporaneous written acknowledgement of their donations to qualify for a charitable contribution deduction. Failing to do so can prove costly. […]
Read More IRS ramps up compliance enforcement against certain businesses
The IRS has announced several tax-compliance initiatives that focus on businesses. Here’s a look at three of them.
Read More How to Protect Your Business from Payroll Fraud Schemes
Any business that has employees could suffer payroll fraud and related schemes. Large or small, and regardless of industry, every business could become subject to this threat. The good news is, your organization can mitigate the risk by understanding the forms payroll fraud takes. This article explores common schemes and suggests ways to help detect or prevent them.
Read More Federal Tax News for Businesses
1. Tax Credits to Help the Disabled and Your Business
2. Fighting Business Fraud
3. Score a Tax Credit for Historic Renovation
4. Seeking to Improve Compliance
5. New Controls to Thwart Fraud Schemes
Read More Growth Strategies: How to Take Your Business to the Next Level
As your small business grows, it will encounter many new challenges and opportunities. Here's how to tackle top concerns — such as financial and tax reporting, marketing, strategic decision making, working capital and risk management — to minimize growing pains during this critical stage of business development.
Read More Federal Tax News for Businesses
1. What Certain IRS Notices Mean
2. What Exactly is a 'Small Business?'
3. Good Records are a Must for Businesses
4. The Advanced Manufacturing Investment Credit
5. The New Corporate Alternative Minimum Tax
Read More Estimating the Value of Your Business Today
You should always operate your business as if it's up for sale, because you never know when you'll receive an offer that's too good to refuse. Plus, sales of some business interests may not be planned. Part of operating in a sale-ready state is knowing the current value of your company. Here's an overview of the fundamentals of valuing a private business, including key value drivers.
Read More It’s Time for Businesses to Rethink Their Working Capital Practices
Today's market conditions have brought working capital management to the forefront. What's worked for your business in the past might not make sense in the current economy.
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