Evaluate and Improve Controls with an Internal Audit Team
In today’s volatile, complex business world, internal auditors shouldn’t just focus on accounting compliance. Auditors and CPAs with diverse accounting and industry backgrounds assess risk and put processes in place to avoid obstacles and properly plan for financial and operational success.
The tax rules that apply to the sale of business property are complex, and are based on numerous factors related to tax treatment, gains and losses, and capital gain treatment. We provide an example with the sale of land.
The 2021 tax year saw an uptick in M&A activity, and the trend appears to be continuing. Whether related to an acquisition, merger, restructuring, reorganization, initial public offering or spin-off, the costs paid to service providers to investigate and pursue a transaction (“transaction costs”) can be in the millions of dollars.
Tax Status: Is a C Corporation or S Corporation More Advantageous?
Your tax status impacts many factors of your business operations, so before deciding your corporate tax status or converting from a C Corp to an S Corp, read these 4 important tax issues.
Biden 2023 Budget Calls For Corporate, High-Net-Worth Individuals Tax Hikes
The Biden administration’s fiscal year 2023 budget blueprint consists of a mix of the familiar and brand-new initiatives. Including the President’s now familiar calls for increasing the top corporate tax rate to 28% and the top individual rate to 39.6%.
