MLR

Monthly Archives: January 2017

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Many companies provide their financial statements, along with a CPA’s report, to lenders, investors, suppliers and customers. Informed readers of the report will gain varied levels of comfort based on the type of financial statement provided.

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It may seem odd, but as soon as you start up a business, you should begin preparing the documentation needed to sell or merge with another enterprise. It may be years down the road but the records often required in today’s M&A environment can be overwhelming. If your recordkeeping has been shoddy, it can be difficult or impossible to compile the information wanted by a potential buyer or partner.

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Although incentive stock options offer tax advantages to employees, they also come with a tax price for your company. For instance, the plan must meet numerous strict requirements spelled out in the law. In addition, the company gets no deduction at any time.

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Restricted stock awards are a popular replacement for stock option grants.

In the context of mergers and acquisitions, potential investors get a level of assurance when the investment target is audited.  However, relying solely on the target’s audited financial statements when making an investment decision could be shortsighted.

W2 Employees vs 1099 Contractors: Know the rules with independent contractors

With an increased capital gain tax rate of 20 percent for tax years 2013 and after, small-business owners should be aware of a provision that eliminates one-half or more of capital gains recognized on the sale of their corporate business.

The IRS has changed its approach to how it will allow the Section 199 domestic production activities deduction in the case of contract manufacturing.

Many taxpayers mistakenly believe that they have to be scientists inventing something completely new or developing cutting-edge technology to qualify for the research and development tax credit.

Or they think they have to be doing “research” as we commonly understand that word.

These do qualify, but there are many other activities that also qualify.

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A contribution to a charity isn’t always a tax-deductible contribution for the donor, as in the case of “quid pro quo” donations. This exchange of one thing for another happens when a charity receives a payment that includes a contribution and, in return, provides the donor with goods or services valued for less than the total payment.