Book Value Vs. Market Value - Property and Equipment
The market value of property and equipment often exceeds book value, especially for fixed assets...
The tax and estate planning pitfalls of retiring overseas
Have you dreamed of spending your golden years in a tropical paradise or a culture-rich European...
IRA Tips: Tax Planning Opportunities Using IRA Accounts
IRA stands for Individual Retirement Arrangement. IRAs can be great retirement planning tools that...
Build a better nonprofit audit committee
Audit committees may seem like just one more layer of bureaucracy, but they’re rapidly becoming a...
Estate tax deferral offers relief to some business owners
If a substantial portion of your wealth is tied up in a family or closely held business, you may be...
Related-party transactions: Think like an auditor
Issues between related parties played a prominent role in the scandals that surfaced more than a...
How to Deduct Business Losses: Prove Material Participation
You can only deduct losses from an S corporation, partnership or LLC if you “materially...
The “kiddie tax”: A trap for the unwary
It’s common for parents, grandparents and others to make gifts to minors and college students....
Follow all rules when transferring assets to an irrevocable trust
Irrevocable trusts can provide a variety of benefits, including gift and estate tax savings,...
Life after the passing of the Bi-Partisan Budget Act of 2015
Over the past two years, the U.S. Social Security Administration has been making changes from...