Risky Business: How Auditors Help Prevent Fraud
In today’s volatile economic climate, organizations face mounting pressures that can increase the risk of fraudulent activities. Auditors play a ...
Beyond the Fraud Risk Assessment: Managing Nuanced Threats
Annual fraud risk assessments are valuable tools for identifying obvious threats and documenting the internal controls in place to address them. ...
Turn Business Losses Into Future Tax Savings
Even successful businesses experience occasional down years. Fortunately, the federal tax code provides a way to help offset those losses, ...
Step-Up in Basis: A Powerful Estate Planning Tool
Inheriting assets from a loved one can come with a significant—but often misunderstood—tax benefit known as the step-up in basis. This provision can ...
Why Industry Risk Matters in Business Valuation
When valuing a private business, IRS Revenue Ruling 59-60 remains one of the most foundational guides for determining value. Among the key factors it ...
Avoid Estimated Tax Surprises
If you're self-employed, run a small business, or earn rental or investment income, quarterly estimated tax payments may be critical to your tax ...
Selling Your Vacation Home? Tax-Smart Strategies to Consider
In many popular vacation destinations, property values and insurance costs have soared. If your vacation home has appreciated significantly, now may ...
IRS Expands Theft and Fraud Loss Deductions
The Tax Cuts and Jobs Act (TCJA) significantly restricted the types of theft losses that can be deducted on federal income tax returns. However, a ...
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 ...