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Got questions about fair value under U.S. GAAP? Here are some answers to help take the guesswork out of reporting these estimates.

To discount or not to discount? The answer is critical when valuing a minority shareholder’s interest. On a combined basis, discounts for lack of control and marketability can lower value by 20%, 30% or more.

Do you know the differences between cash and accrual accounting methods? Some small business owners are unaware of the options that are now available to them.

Most companies with more than one owner should enter into a buy-sell agreement, including manufacturing businesses. Critically, the agreement must periodically be reviewed and updated.

In today’s marketplace, conditions are ever-changing. By the time you issue year-end financial statements, you may be dealing with a major development that’s affecting your company’s performance. Which developments must be recognized or disclosed in your financials?

Valuing a business is like hunting for treasure. Your expert must dig into the subject company’s books and records for clues to unearth the answer.

Remember Enron? Doing business with so-called “related parties” may result in nepotism, sweetheart deals and skewed financial results. Here’s how auditors customize their procedures for related-party transactions.

1. If You Make Estimated Tax Payments, a Deadline Is Coming Up 2. Exceptions to the 10% Early Withdrawal Penalty Require Proof 3. The "Tax Gap" Hurts Those Who Pay their Fair Share 4. Settlement for Legal Malpractice Is Taxable Income 5. IRS Updates Amounts Delinquent Taxpayers Can Keep

With the April tax filing deadline in the rear view, now is the time to take certain tax-related action steps in preparation for next year.

The SECURE Act nixed the “stretch IRA” and replaced it with a new 10-year rule on inherited IRAs. However, subsequent IRS guidance has created confusion about when certain beneficiaries must begin taking distributions.

Summer brings sunshine, ice cream trucks, baseball, fireworks and potential federal tax saving opportunities. Here are nine hot summer tax-planning ideas for small business owners and individuals. Some tips — such as sending the kids to summer camp, buying a boat or RV, and taking a trip that combines business with pleasure — enable you to combine tax planning with summertime fun.

When it comes to occupational fraud, many businesses and not-for-profit organizations adopt an "it can't happen here" mindset. But the 2022 Report to the Nations reveals that fraud is a pervasive global epidemic. Proactive organizations take steps to reduce opportunities for employees to steal. Here are some key findings from the new study, including a list of the top 10 fraud trends from the last decade.