Manufacturers: Take note of key tax provisions of the CHIPS Act
The CHIPS Act aims to bolster semiconductor production and economic competitiveness. Among its provisions are funding initiatives and an investment tax credit for manufacturing facilities and equipment.
Read More Five tips for reducing workers’ compensation costs
Workers’ compensation costs can quickly overwhelm a manufacturing company — especially if it turns out to be a rough year with many claims. Here are a few ways to rein in these costs.
Read More Measuring residual value for the discounted cash flow method
Residual (or terminal) value can be a major part of the valuation puzzle. Here are two ways that it can be calculated.
Read More Valuing LLC profits interest awards
Profits interest awards can be an effective way for LLCs to attract and retain skilled workers, especially if cash is tight. But these awards present valuation challenges that most companies can’t handle in-house.
Read More Valuing goodwill in divorce: Recent cases provide insight
Settling a divorce can be complicated when a closely held business is involved. In addition to estimating business value, the issue of business vs. personal goodwill might need to be tackled.
Read More How a valuation pro can help with business interruption claims
If you’ve ever filed a business interruption claim, you know that it can be time-consuming and tedious. Here’s an easy way to simplify the claims filing process: Hire a business valuator to do the dirty work.
Read More Valuators know how to evaluate compensation levels
Owners’ compensation is often one of the largest expenses on a private business’s income statement. So, the IRS monitors it closely. It’s also one of the most contentious adjustments that’s needed to accurately value a business.
Read More How to use the cost approach to valuing a business
Do financial statements tell you how much a business is worth? Not directly. But they can be a useful launching pad for the cost approach.
Read More Federal Tax News for Individuals
1. Receiving Money from "Crowdfunding" May Come with a Tax Bill
2. Court Upholds the IRS Rejection of an Offer in Compromise
3. Beware of Various Tax-Related Scams
4. How the IRS Whistleblower Program Works
5. Is Your Hobby Actually a Business?
Read More CHIPS Act poised to boost U.S. businesses
The CHIPS Act aims to bolster semiconductor production and economic competitiveness. Among its provisions is an investment tax credit for manufacturing facilities and equipment
Read More 401(k) Loans: Yay or Nay?
When times are tough, a loan from your employee retirement account can provide much-needed relief. But it's important to understand how these loans work — including the potential pros and cons — before you borrow from your retirement nest egg. 401(k) loans can have short- and long-term adverse financial consequences, especially if you're unable to repay them on time.
Read More The Wide-Ranging Inflation Reduction Act Is Signed Into Law
Congress has passed the Inflation Reduction Act (IRA), an extensive piece of legislation that President Biden has signed into law. The IRA contains tax breaks, tax increases for some large, profitable corporations and provisions related to the federal deficit, climate change, drug prices for those enrolled in Medicare — and much more. Here are some of the highlights.
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