Succession is inevitable in a business. When the time comes to start thinking about retiring and/or transferring ownership, it is essential to understand common issues related to the process.
5 Common Succession Planning Problems
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Business
Business Valuation Approaches As Easy As 1-2-3
The three approaches appraisers use to value a business are essentially a matter of common sense. You start with the balance sheet and adjust the book values of assets and liabilities to their market values.
Valuation: The Market Value Formula
The words “Business Value” or “Business Valuation” by themselves hold more than a singular definition.
Employee Retention Credit (ERC) Ending
In November, the passage of the Infrastructure Investment and Jobs Act retroactively eliminated the Employee Retention Credit (ERC) for wages paid after October 1, 2021, for most employers.
What’s New for 1099 Reporting
ectronic Filing of Returns
There are new proposed regulations to reduce the threshold for electronic filing requirements in the Taxpayer First Act of 2019.
Preparing for inflation
Inflation has been on the rise since the pandemic began. With varying opinions on the potential duration of the current inflation surge, it is crucial to understand the causes and prepare. Inflation can dramatically reduce profits and harm companies.