U.S. Generally Accepted Accounting Principles have become more complex in recent years. And more GAAP changes are in the works. Here’s a simpler alternative that could provide relief for some private companies.

As a business owner, you're going to have to decide when will be the right time to step out of the family business and how you'll do it. There are many estate planning tools you can use to transfer your business.

Did you know you could be personally liable for a harsh penalty if payroll taxes withheld from your employees aren’t paid over to the federal government? Learn more about whom the IRS can go after at your business.

These are several factors to consider when a business converts from C corporation to S corporation status. Here is what you should understand.

What information should you share with your board? There are three basic categories. But in general, if it’s something that will help them serve your nonprofit, it’s something you should share.

Health Savings Accounts offer a flexible, tax-advantaged option for providing health care coverage. Employers and employees can benefit. Here’s a look at what an HSA could mean for your business.

Have you cashed in some investment gains in 2019? You may be looking for unrealized losses in your portfolio so you can sell those investments to offset your gains before year end. This can reduce your tax liability. But don’t run afoul of this rule.

When a nonprofit must choose whether to buy or lease its facility, the decision-making process can be tough, with many factors to consider. We review the pros and cons of each option.

Are you looking for ways to save for your child’s or grandchild’s education? Or do you want to save for private elementary and secondary school? A Coverdell Education Savings Account may help.

One of the boldest plays a business owner can make is to merge with or acquire a competing (or compatible) company. But it doesn’t guarantee victory.