Monthly Archives: January 2017


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.


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.


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

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.


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.


With technology at the forefront of modern communication, more and more people are turning to the Internet to stay abreast of the latest news and information. Likewise, many of today’s consumers use the Internet to find the best prices and to conduct research when they’re planning their next purchase.

Determining the value of an estate is a fundamental first step in estate management and a critical requirement for settling a decedent’s estate.¹