Business advisory

How do I distinguish partnerships from other arrangements?

Sep. 16, 2017

A partnership is created when people join together with the intent to conduct unincorporated venture and share profits. Intent is determined from facts and circumstances, including the division of profits and […]

Rules for managing tax basis on stock sales worth a look

Aug. 22, 2017

A recent Tax Court decision and pending tax reform proposals have intersected in highlighting how stock sales can be timed for maximum tax advantage. The taxpayer in a recent case […]

IRS proposed 2704 regulations make estate planning for family businesses urgent 

Sep. 28, 2016

The IRS proposed 2704 regulations seem to attack family businesses, including family limited partnerships and LLCs, which are widely used for succession planning and to secure favorable valuation benefits. These […]

What is a cost-segregation study of business assets?

Aug. 18, 2016

Taxpayers using real estate in their business often can generate significant tax savings and increase cash flow by using the technique of cost segregation. Cost segregation is the identification and […]

How do I get an extension to change a method of accounting?

Jul. 19, 2016

A taxpayer changing its method of accounting must either request advance IRS consent or apply for automatic IRS consent on Form 3115, Application for Change in Accounting Method, to make […]

Have questions? CPAs are available all year

May. 07, 2016

Many clients see their CPAs at tax time, the the main focus is on completing and filing their tax return. As a result, they may not take the opportunity to […]

What is so great about CPAs?

Apr. 28, 2016

You may not have asked yourself that question in so many words, but you may have wondered what sets CPAs apart from other financial professionals. Why choose a CPA? In […]

Can an S corporation own an interest in another business entity?

Dec. 09, 2015

If you are part of an S corporation, you might wonder if it is possible for S corps to own another business. An S corporation can own an interest in […]

Retirement planning for small business owners

Oct. 27, 2015

Five things that small business owners should keep in mind when approaching retirement Contemplating the sale of a company in anticipation of retirement can be a daunting task for small […]

What women should know when starting a business

Feb. 12, 2015

According to the National Women’s Business Council, there are approximately 8 million women-owned businesses in the U.S. Many of which started small by women who wanted the experience of “being […]