Internally generated goodwill isn’t on the balance sheet. But acquired goodwill is another story. Do you know the rules for reporting acquired goodwill and subsequently testing it for impairment? This is a hot button for many organizations today. Continue Reading Goodwill in a Bad Economy
If you’re looking for a new partner to add to your partnership, you may think the hard part is over once you find the right person. But there may be tax challenges ahead. Continue Reading Tax Considerations When Adding a New Partner at Your Business
Once your 2021 tax return has been filed, there still may be some issues to consider. Many people have questions about how to find their refund status, which records can be thrown out and when to file amended tax returns. Continue Reading Once You File Your Tax Return, Consider These 3 Issues
Wining and dining customers and employees can result in tax deductions and for 2022, the write-offs are bigger than usual. Continue Reading Fully Deduct Business Meals This Year
Selling mutual fund shares involves many complex factors. Here are the basic rules. Continue Reading Selling Mutual Fund Shares: What Are the Tax Implications?
Do you know the differences between cash and accrual accounting methods? Some small business owners are unaware of the options that are now available to them. Continue Reading Deciding Between Cash and Accrual Accounting Methods