Sales and use taxes can be the most complicated tax obligations for many businesses. Generally, local sales tax should be charged to customers on all sales made in a local taxing area unless the customer provides an exemption certificate.
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.
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.
The words “Business Value” or “Business Valuation” by themselves hold more than a singular definition.
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.
ectronic Filing of Returns
There are new proposed regulations to reduce the threshold for electronic filing requirements in the Taxpayer First Act of 2019.
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