Divorcing Business Owners Should Pay Attention to the Tax Consequences
If you’re getting a divorce, you know the process is generally filled with stress. But if you’re a business owner, tax issues can complicate matters ...
IRS Suspends Processing of ERTC Claims
In the face of a flood of illegitimate claims for the Employee Retention Tax Credit (ERTC), the IRS has imposed an immediate moratorium through at ...
Why Can’t My Profitable Business Pay Its Bills?
If your profitable business has trouble making ends meet, it’s not alone. Many business owners mistakenly equate profits with cash flow, leading to ...
Financial Statement Fraud: Don’t Believe Everything You Read
Financial statements are central to understanding any business. A public company’s balance sheet, income statement and cash flow statement enable ...
Achieving the Right Balance of Working Capital
Working capital — the funds your company has tied up in accounts receivable, accounts payable and inventory — is a critical performance metric. ...
Coming Soon: 5 Accounting Rules that Take Affect in 2023
It can be challenging to keep track of which accounting rules are changing, when the changes kick in and for which types of entities. Plus, ...
Can You Spot the Fraud Perpetrator? Look for Bad Behavior
Ask any business owner whose company has been defrauded by an employee, and you’ll probably hear a common refrain: “I never would have suspected that ...
What Business Owners Can Do About Insurance Fraud
According to various sources, around 10% of all insurance claims involve fraud. Insurance companies generally pass along the cost of these fraud ...
Millions of Americans Set to Get Surprise Tax Forms in 2023
There's a tax headache ahead next year for millions of Americans who use apps like Venmo or Paypal regularly, part of a little-noticed change passed ...