What intangible assets does your business own, and how much are they worth? Understanding the intangibles is critical to evaluating a company’s health and viability.
Prudently planning how to take money out of your traditional IRA can mean more money for you and your heirs. Here are three areas to understand in order to maximize your retirement savings.
Waiting to react until fraud rears its head can result in serious financial losses and other negative consequences. Instead, companies should adopt these active detection methods.
Is your small business accepting or using bitcoin or other virtual currencies yet? Familiarize yourself with the tax consequences, because the IRS is targeting users who fail to report and pay tax on transactions.
If you’re married and file a joint return, what happens if your spouse doesn’t disclose all of his or her income or otherwise doesn’t pay the correct tax owed? You’re generally liable for the full amount but there may be “innocent spouse” relief.
Interim financial reports don’t have to be perfect to give stakeholders insight into midyear financial performance. But it’s important to learn their potential shortcomings to avoid jumping to premature conclusions.
Tick tock, tick tock … if too many moments of your day are spent managing your company’s finances instead of strategically running the business, a CFO or controller might be a good hire.
If you run a business from your home or are otherwise self-employed and use part of your home for business purposes, the home office deduction may provide a valuable tax break.
