Gauge Quality of Earnings When Buying a Business

Gauge Quality of Earnings When Buying a Business

One of the most important factors in valuing a business is the quality of earnings, or QoE. In other words, are the company’s earnings sustainable and predictable over a period of time, and are past earnings a reasonable representation of future earnings? QoE impacts...

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Remember to Include Foreign Assets In Your Estate Plan

Remember to Include Foreign Assets In Your Estate Plan

It is common for people to assume that foreign assets are not relevant to their “U.S.” estate plans. However, foreign — indeed, all of your assets — should be included in your estate plan. Financial experts can structure ownership of your foreign assets according to...

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The Pros and Cons of Neutral Valuations

The Pros and Cons of Neutral Valuations

One recent trend in business valuations is a move toward neutral valuations. Hired jointly by both parties, a neutral valuator will investigate the relevant facts, perform a business valuation, and produce a neutral appraisal report with no bias toward either party....

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Keys to Avoiding Payroll Tax Trouble

Keys to Avoiding Payroll Tax Trouble

What would happen if your company failed to pay the IRS payroll taxes when they are due? You could be on the hook for penalties and, if you are treated as a “responsible party,” held personally liable for unpaid taxes. Fortunately, your business can avoid dire tax...

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Timing Counts When Valuing a Business

Timing Counts When Valuing a Business

In today's uncertain markets, the value of a business may change significantly over time. So it's important to choose the valuation date carefully. Often, the date is prescribed by law or a judge. But sometimes attorneys or others, such as the executor in an estate...

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New Threshold for Filing Electronic Information Returns

New Threshold for Filing Electronic Information Returns

If your business files 10 or more information returns, you must now file them electronically. This is a significant rule change that went into effect on January 1, 2024, for 2023 tax year information returns. The threshold for electronically filing most information...

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Tax-Saving Opportunities for Manufacturers in 2024

Tax-Saving Opportunities for Manufacturers in 2024

What is the tax outlook for manufacturers as 2024 begins? While certain provisions of the Tax Cuts and Jobs Act (TCJA) begin to phase out, other tax laws, including the Inflation Reduction Act (IRA) and the Creating Helpful Incentives to Produce Semiconductors (CHIPS)...

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