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Farmers Are Partially Allowed Depreciation Write-offs 2. Closing a Business? Here Are Some Steps to Take 3. Deductions Disallowed Due to Insufficient Records 4. Trust Fund Recovery Penalty is Upheld by Court 5. Court Rules Business Must Show a "Profit Motive"

Home improvements may provide sizable tax savings. But there's a catch: You must follow the IRS blueprint.

If you're self-employed, consider making nondeductible Roth IRA contributions, in addition to contributing to traditional tax-deferred retirement accounts.

Tucked into the Consolidated Appropriations Act of 2023 is a package of enhanced retirement benefits, otherwise known as the SECURE 2.0 Act. Here are some of the provisions.

How much are intangible assets worth in today’s volatile marketplace? Here’s how to find the answer.

Discounts for lack of marketability can have a major impact on the value of a business interest. Here’s a look at factors that business valuation professionals consider when quantifying this discount.

Solid expert testimony can make or break a case. So it’s critical to take steps to help ensure that your business valuator will withstand a Daubert challenge.

Do you know the difference between going concern value and liquidation value? The latter has relevance beyond bankruptcy cases.

Pricing multiples derived from objective market data can be powerful indicators of business value. The challenge lies in identifying meaningful comparable transactions.

Donating private business stock to a charity can help lower taxes. But you’ll need to act before year end to get a deduction for 2022. Here’s how to claim the tax break and help ensure it passes muster with the IRS.

Do you have business trips booked to visit your manufacturing company’s key clients? Reacquaint yourself with the business travel expense deduction rules.

Combining a subjective and objective employee performance review can be a win-win for your employees and your manufacturing company.