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The IRS recently issued a statement advising certain taxpayers to hold off on filing their 2022 returns. This issue has been resolved, and the IRS wants tax filing season to resume as normal. But some people are wondering whether they should file for an automatic six-month extension. There are many valid reasons to extend your deadline, but there are also some pitfalls.

In Bittner v. U.S., the U.S. Supreme Court ruled that the penalty for non-willingly failing to file an FBAR applied on a lower per-report basis, not on a per-account basis

Here’s a rundown of the business and individual tax provisions included in President Biden’s recently released budget proposal.

Fair market value is the appropriate standard of value in most business valuation assignments. But when valuing an asset for financial reporting purposes, fair value is generally used. Here’s an overview of what fair value is and how it differs […]

Do you know how much your startup is worth? A business valuation professional answers this question by combining the entrepreneur’s projections with objective, market-based data.

Have you taken the time to read the full text of IRS Revenue Ruling 59-60? It offers detailed guidance on valuing a business that may be used for tax purposes and beyond.

A buy-sell agreement can be an important tool to ensure a smooth transfer of ownership in the case of an owner’s death, disability or divorce. But it’s critical for these agreements to cover all the valuation bases.

Hypothetical investors would review historical financial statements, but they’d be more interested in a company’s future economic benefits.

Future earnings are often used to estimate the value of a private business interest. Here’s how two popular earnings-based valuation methods measure up.

The SECURE 2.0 Act will affect manufacturers with 401(k) plans and can also help those that haven’t yet set one up. Here’s how.

Just because manufacturers may not sell directly to consumers doesn’t mean they’re not at risk of a cyberattack. Indeed, they may be directly affected when their customers or vendors get hit by a cyberattack. And while news media gives play […]

There are many ways to ease your manufacturing company’s tax liability in 2023. Here are seven of the most significant.