A new generation of online businesses wants to cut the transportation middleman out of the warehousing and distribution equation. This new online freight marketplace offers manufacturers and distributors greater convenience and efficiency by directly matching them with freight carriers, cutting down on red tape and lag time. But be cautious before taking the plunge with an online freight company. read more »
Summer is a common time to put a home on the market. If you’re among those who are following this trend, it’s important to be aware of the tax consequences of a sale.
If you’re selling your principal residence, you can exclude up to $250,000 ($500,000 for joint filers) of gain — as long as you meet certain tests. Gain that qualifies for exclusion also is excluded from the Affordable Care Act’s 3.8% net investment income tax. read more »
Restricted stock is stock that’s granted subject to a substantial risk of forfeiture. Income recognition is normally deferred until the stock is no longer subject to that risk or you sell it. You then pay taxes on the stock’s fair market value at your ordinary-income rate. read more »
In general, when a meal and entertainment expense is incurred in the context of an employer-employee or customer–independent contractor relationship, one party will be subject to a 50% limitation on the deduction. But which party? Last year, the IRS finalized regulations that address this question.
In the employer-employee setting: read more »
A Professional Employer Organization, more commonly known as a PEO, is defined as an organization that provides an integrated and cost effective approach to the administration of human resources. Through a contractual arrangement, the PEO assumes a variety of responsibilities including access to and administration of benefits. read more »
Most people think of intellectual property as computer code, a patent or a trademark. To us it is far more than that. We like to think of experience that is captured in a process or procedure and/or a policy is a good way to avoid paying the same tax.
Give your company the benefit of your experience, your gut feel and your intuition by documenting your thoughts and thought processes. It is very valuable. read more »
Not all business exits are planned. Business owners never know when a competitor or partner will make an offer that's too good to refuse -- or when an unexpected event will strike and they (or their heirs) are forced to sell. So, a business should always be run like it's up for sale. read more »
Do you know what your business is worth right now? Practically speaking, it is worth what the highest bidder is willing to pay for it -- no more or no less. Nevertheless, by taking all the relevant factors into account, you can position yourself for the best possible deal.
The first step is to have a business valuation prepared for your company. Our firm can provide a comprehensive report, which can be a starting point for negotiations. read more »