Receivables: Quality counts
July 18, 2023
Don’t take accounts receivable at face value. Here’s how to evaluate the quality of receivables.
Corporate officers or shareholders: How should you treat expenses paid personally?
July 17, 2023
When spending money personally on behalf of your closely held corporation, you want to ensure the expenses are tax deductible by either you or the business. Here are the key considerations.
Inheriting stock or other assets? You’ll receive a favorable “stepped-up basis”
July 12, 2023
When planning your estate or inheriting assets, it’s essential to understand the “step-up” basis rules. They can affect the taxes due on the sale of the assets.
Use an S corporation to mitigate federal employment tax bills
July 11, 2023
Converting an unincorporated business into an S corporation may help you cut your self-employment tax bill. Here’s how.
Supplement your financial statements with timely flash reports
July 10, 2023
Here’s how daily or weekly flash reports can help your organization become more responsive to changing market conditions.
Why some small businesses are switching to tax-basis reporting
June 29, 2023
Are you fed up with all the recent accounting rule changes? For many private companies, the new lease standard that went into effect in 2022 was the last straw. Here’s an alternative reporting framework to consider.
