The American Institute of Certified Public Accountants (AICPA) has clarified its guidance on pro forma compilations.
Posted: June 23rd, 2017 | Permalink
Treating transfers of money between a closely held business and its owners as loans can provide tax advantages. But the IRS looks closely at such transactions, so it’s critical to establish that the transaction is truly a loan.
Posted: June 21st, 2017 | Permalink
Before your nonprofit borrows, know that it takes prudent financial management and reliable donor support to pay back a loan.
Posted: June 16th, 2017 | Permalink
Transitioning your company to a successor means becoming a mentor. As such, you’ll have to communicate clearly, be patient and know what you’re trying to accomplish
Posted: June 14th, 2017 | Permalink
Reimbursing employee travel expenses can provide tax benefits to both your business and the employee.
Posted: June 12th, 2017 | Permalink