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Planning Ahead: 5 Succession Strategies and Their Tax Implications

April 14,2025

Planning Ahead: 5 Succession Strategies and Their Tax Implications

When it’s time to consider your business’s future, succession planning can protect your legacy and successfully set up the next generation of leaders or owners. Whether you’re ready to retire, you...

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Planning Ahead: 5 Succession Strategies and Their Tax Implications

Turning Market Losses into Tax Opportunities

Payroll Tax Pitfalls: 6 Things Small Businesses Should Know

In the News: 3 Fraud Schemes Making a Comeback

Small Business Alert: The 100% Penalty That Hits Hard

Are You a Tax-Favored Real Estate Professional?

Do You Have an Excess Business Loss?

Can I Itemize Deductions on My Tax Return?

Financial Relief for Families: The Benefits of the Child Tax Credit

A Heavy Vehicle Plus a Home Office Equals Tax Savings

Harness the Power of QuickBooks for Your Business

What Your Nonprofit Should Know About Credit Loss Reporting Rules

Boost Benefits with PA’s New Employer Tax Credit for 529 Contributions

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Prepare For The 2025 Social Security Wage Base Increase

Is Your Company Protecting Employees' 401(k) Savings from Fraud?

End the Year Strong: Maximize Your Estate Tax Savings Now

How a 529 Plan Can Unlock Your Child's Education Fund

Self-Employed? Here's How a Solo 401(k) Can Help Build Your Nest Egg

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How Recent Election Results Could Impact Your Taxes

Reasons an LLC Might Be the Ideal Choice for Your Business

Does Your Business Need to Report Employee Health Coverage?

Understanding the $7,500 Tax Credit for Buying an Electric Vehicle

Strong Controls Over Financial Reporting Are Essential

Help Ensure Your Partnership or LLC Complies with Tax Law

Federal Action on Paying College Athletes Wanted

Reminder: Profits and Cash Flow Aren't the Same

IRS Releases Tax Inflation Adjustments for Tax Year 2025

Taxes Take Center Stage in the 2024 Presidential Campaign

Year-End Tax Moves to Save Your Small Business Money

Are You Liable for Two Extra Taxes This Year?

IRS Changes Let You Keep Cash in Your 401(k) Longer

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FinCEN's New Reporting Rules: Is Your Business Ready?

NIL Rule Changes: Tax Impacts for Schools Explained

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Federal Court Rejects FTC’s Noncompete Agreement Ban

Office Supply Fraud Is Sneaky but Preventable

Summertime Activities That Can Yield Tax Savings

Navigating the New Section 174 Rules: Amortizing R&E Expenditures

Benefits and Tax Implications of Athlete Employment

Boost Your Bottom Line by Understanding Your Internal Audit

End Purchase Order Chaos with a Structured Approval Process

The Possible Tax Landscape for Businesses in The Future

Best Practices for Expense Reporting

IRS Ramps Up Compliance Enforcement Against Certain Businesses

Understanding Fraud, Waste and Abuse for Not-for-Profits

Financial Due Diligence in M&A: Historical Financial Statements

QuickBooks Online: Should You Make the Switch?

Protect your Organization from ACH Fraud

Navigating Tax Obligations for College Athletes with NIL Income

Bookkeeping Provides a Solid Foundation for Financial Reporting

What Might Be Ahead as Many Tax Provisions Are Scheduled to Expire?

Should You Convert Your Business from a C to an S Corporation?

Tax Advantages of Including Debt in a C Corporation Capital Structure

Nonprofits Don't Lose as Much to Fraud, but Risk Requires Action

4 Cost-cutting Areas to Help Your Business Boost Profits

4 Bookkeeping Pitfalls for Small Businesses to Avoid

Shoring Up Protections Against Expense Reimbursement Fraud

Why Audited Financials Matter

Feds Expand Overtime Pay & Ban Noncompete Agreements

How Renting Out a Vacation Property Will Affect Your Taxes

Have You Had Your Fraud Checkup?

Update on Retirement Account Minimum Distributions

IRS Issues Guidance on Tax Treatment of Energy Rebates

Maximize the QBI Deduction Before It's Gone

5 Common Mistakes in Estate Planning and How to Avoid Them

Coordinating Sec. 179 Tax Deductions with Bonus Depreciation

Inheritance Unplanned: The Unexpected Impact of Taxes on Families

Cash Reserve Policies and Considerations for Cash Management

Tips For Investigating Employee Fraud Leads

Business Valuation Focuses on Both Quantitative & Qualitative Factors

Federal Court Finds Corporate Transparency Act Unconstitutional

President Biden’s Proposed Budget Highlights His Tax Agenda

Navigating Your TaxCaddy Software and Document Submission Process

Independent Contractor vs Employee Status: DOL Issues New Final Rule

Optimizing Tax Strategies Amid Business Losses

Financial Insights & Tax Impacts of Short vs. Long-Term Rentals

Tax Implications for Social Security Benefits: What You Need to Know

Key Tax Tips for Sole Proprietor Startups

Audits vs Fraud Detection: Bridging the Gap with Forensic Services

Child Tax Credit Bill Advances in House, Senate Decision Pending

Employer Tax Deadline Reminder

Don't Overlook Taxes when Contemplating a Move to Another State

Tackling Nonprofit Fraud: Awareness and Prevention

Preparing Your Business Books for the New Year

Tax Credit Opportunities for Employers of Tipped Employees

Real Estate Gains: Deferring Taxes with Like-kind Exchanges

The Importance of Appraisals Beyond Business

11 Exceptions to the 10% Penalty Tax on Early IRA Withdrawals

A Company Car is a Valuable Perk, but Don’t Forget About Taxes

What is Residual Fraud Risk — and What Can Your Business Do About It?

The Anatomy of a Client Accounting Services (CAS) Team

Maximize Year-End Giving with Annual Gift Tax Exclusion

Key 2024 Inflation-adjusted Tax Parameters for Small Businesses

New Reporting Rules for Businesses: Compliance Obligations Explained

Surprise Bill For Those Who Underpay Their Taxes: Penalty Jumps to 8%

IRS Delays New Reporting Rule for Online Payment Processors

Take Action Now to Reduce Your 2023 Income Tax Bill

How Does Industry Affect Fraud Risk?

Businesses Planning to Pay Employees Year-end Bonuses Can Reduce Tax

Tips For a Smoother Month-end Close

Future Emergency? Two New Tax Provisions May Soon Provide Relief

Tax Alert: IRS Releases 2024 Inflation Adjustment

FinCEN Identifier: The Final Rule Details What You Need to Know

Reporting Requirement for Shareholder Health Insurance

Importance of Obtaining W-9s and Issuing 1099s

Investment Swings: What's the Tax Impact?

Cash Flow Management: 3 Tips from an Accounting Firm

Financial Statements at a Glance

Plan Now for Year-end Gifts with the Gift Tax Annual Exclusion

IRS Issues Guidance on New Retirement Catch-up Contribution Rules

It's Important to Understand How Taxes Factor into M&A Transactions

Selling Your Home for a Big Profit? Here are the Tax Rules

New Report Identifies High-Risk Areas in Financial Reporting

7 Essential Questions to Ask Before Hiring a Bookkeeping Service

Disabled Family Members May Be Able to Benefit from ABLE Accounts

Divorcing Business Owners Should Pay Attention to the Tax Consequences

Is QuickBooks Right for Your Nonprofit?

IRS Suspends Processing of ERTC Claims

The Advantages of Using an LLC for Your Small Business

What is Reasonable Compensation for an S Corp?

9 Signs You Need to Hire a Forensic Accountant

Moving Mom or Dad into a Nursing Home? 5 Potential Tax Implications

How Outsourced Accounting Can Elevate Your Accounting Structure

Pocket a Tax Break for Making Energy-efficient Home Improvements

3 Types of Due Diligence to Consider Prior To Buying A Business

IRS Provides Transitional Relief for RMDs and Inherited IRAs

Starting A Business? How Expenses Will Be Treated on Your Tax Return

That Email or Text from the IRS: It's A Scam!

Why Some Small Businesses Are Switching to Tax-Basis Reporting

The Best Way to Survive an IRS Audit Is to Prepare

Individuals Who Travel for Business May Be Eligible for Tax Deductions

Tax Concerns for Self-Employed Individuals

IRS Sends Examination Letters About ERC Claims: What You Should Know

Why Can’t My Profitable Business Pay Its Bills?

What’s in the Fiscal Responsibility Act?

Financial Statement Fraud: Don’t Believe Everything You Read

Four Tax Challenges You May Encounter When Retiring

Trust Fund Recovery Penalty: Who Can It Be Assessed Against?

Strategies to Reduce the Impact of the Net Investment Income Tax

2023 Q3 Tax Calendar: Key Deadlines for Businesses and Other Employers

Education Benefits Help Attract, Retain and Motivate Your Employees

Achieving the Right Balance of Working Capital

Social Security’s Future: The Problem and the Proposals

Before You Scan a QR Code, Make Sure It’s Legitimate

Don't Overlook These Two Essential Estate Planning Strategies

The IRS Clarifies What Counts as Qualified Medical Expenses

The Tax Advantages of Hiring Your Child This Summer

New-and-Improved Accounting Rules for Common Control Leases

How Safe Are Your Business’s Paper Checks?

Take Advantage of the Rehab Tax Credit When Altering/Adding to Space

Got Fraud? Call a Forensic Accountant

Beware of the Gray Areas in Accounting

EV Tax Credit 2023: What’s Changed and What’s Ahead

Coming Soon: 5 Accounting Rules that Take Affect in 2023

Can You Spot the Fraud Perpetrator? Look for Bad Behavior

Federal Tax Credits and Deductions for Family Caregivers

2023 Q2 Tax Calendar: Key Deadlines for Businesses and Employers

President Biden’s Proposed Budget Includes Notable Tax Provisions

U.S. Supreme Court rules against the IRS on critical FBAR issue

What Business Owners Can Do About Insurance Fraud

Many Tax Limits Affecting Businesses Have Increased For 2023

Client Alert: Brinker Simpson Tax Prep Process and Deadlines

K-2 & K-3 for International Activity Related to 1065, 1120-S, 8865

Year-end Spending Package Tackles Retirement, Conservation Easements

The Standard Business Mileage Rate is Going Up in 2023

Estate and Gift Tax Exemption Increased for 2023

Forms W-2 and 1099-NEC Are Due to be Filed Soon

e-TIDES is Being Shut Down on February 24, 2023

2022 Year-End Reminders Regarding Common Fringe Benefits

ASC 842: Impact of New Lease Accounting Standard on Private Companies

Millions of Americans Set to Get Surprise Tax Forms in 2023

Tax Calendar: Deadlines for Businesses and Other Employers in Q1 2023

New Accounting Standard: Does it Affect Your Nonprofit?

2022 Year-End Tax Planning For Individuals

Nine Changes to Watch in ACA Open Enrollment 2023

What CFOs Need to Know About IRS Employee Retention Credit Crackdowns

Learn When and Why You Should Outsource Your Accounting

IRS Waives 50% Penalty For Missed '21 & '22 RMDs Within 10-Year Period

Tax Breaks After 50 You Can’t Afford To Miss

The Brinker Simpson Annual Frank Baldino Food Drive

IRS Warns of Third-Party Employee Retention Credit Claims

What Do The 2023 Cost-Of-Living Adjustment Numbers Mean For You?

Top Reasons Not to Hire a Full-Time CFO

2023 Standard Deduction Amounts Are Now Available

10 Tax Planning Tips for the End of the Year

Don’t Let Tax ID Thieves Steal Your Refund — or Your Peace of Mind

Inflation Reduction Act Expands Valuable R&D Payroll Tax Credit

Work Opportunity Tax Credit Provides Help to Employers

Worried About An IRS Audit? Prepare In Advance

FASB Proposes Last-Minute Changes To Lease Accounting Rules

Clean Vehicle Credit Comes With Caveats