Businesses: It’s Time to Get Ready for the New Corporate Transparency Reporting Rules
New reporting rules go into effect on January 1, 2024, under the Corporate Transparency Act. This law, enacted in 2021, will require many small businesses to provide new details about beneficial owners who control the company. Hefty civil and criminal penalties may apply for failure to comply. Here's a brief overview of the requirements.
Read More Crypto: What Taxpayers Need to Know
Today, it's estimated that roughly one in five Americans owns some type of cryptocurrency, such as Bitcoin or Ethereum. However, many digital asset owners and investors don't fully understand the federal tax implications. Here's important tax information for those who engage in cryptocurrency transactions, including the recordkeeping requirements
Read More IRS suspends processing of ERTC claims
With fraudulent Employee Retention Tax Credit claims on the rise, the IRS has suspended claim processing through year end.
Read More How business valuation professionals estimate reasonable compensation
How much should owners and executives receive as compensation for services rendered to the business? A valuation pro can provide an objective, defensible estimate that will withstand scrutiny.
Read More Chapter 11: How business valuators can help companies reorganize
The number of businesses filing for bankruptcy has skyrocketed so far in 2023. But bankruptcy isn’t always an ending. Done right, it can provide a fresh start.
Read More Valuing intangible assets
Intangibles can be valuable. But they’re also hard to value. Here’s how the business valuation pros handle these assets.
Read More Identifying and avoiding business valuation pitfalls
Reviewing a business valuation to expose flaws can be a daunting task. Here are some common faux pas to watch for when reading an expert’s report.
Read More Potential roadblocks to valuing a business in divorce proceedings
When a divorcing couple’s marital assets include a private business, it’s usually the largest asset in the estate. Here are critical obstacles that a business valuation professional can help the parties address.
Read More How the pros use public data to value private businesses
Can you name five key differences between public and private companies? The answers are critical when using public market data to value closely held business interests.
Read More Manufacturers: If you qualify, be sure you’re taking maximum advantage of the Section 199A deduction
Does your manufacturing company qualify for the Section 199A deduction?
Read More Planning an exit strategy for your manufacturing company
It’s smart for manufacturing business owners to have a well-planned exit strategy. Do you know what your plan should cover?
Read More Manufacturers: Are you making the most of the general business credit?
If your manufacturing company is looking to reduce its tax bill, it’s important to familiarize yourself with the general business credit.
Read More