Have you bought or sold business assets in an M&A deal in 2021 or are in the process of a transaction? If so, you must report the details to the IRS. The tax agency may then compare what both parties report to ensure they match.
Can your business claim a product is “Made in USA” or will using the phrase on labels or in ads lead to legal challenges? Although there’s no hard-and-fast rule, the FTC provides guidelines for origin claims.
Most of us are very happy to have turned the page on 2020. If you’re a business owner, after the confetti clears in 2021, make sure everyone at your company is thinking about ways to build the bottom line.
Has the COVID-19 pandemic wrought difficult changes on your business? If so, be sure to make the most of what you’ve learned by engaging in change management.
To arrive at a value, business valuation experts rely on the accuracy of financial statements. What if fraud has distorted their numbers? Here’s how valuation professionals take action.
Who cares if your financial statements are late? Lenders and investors are looking for reassurance that you’re doing OK in today’s unprecedented conditions. Procrastination may cause them to presume the worst.
It’s only natural to overlook accounting rule changes until they affect your company’s financial statements. So, you might not be aware of favorable changes to the post-M&A accounting rules, unless you’ve recently merged with or bought a business.
