When owners and managers receive business valuations, the first thing they typically do is flip to the conclusion to see what it’s worth. Often, little attention is given to the analyses underlying the final number, especially if the report was prepared for internal planning or financial reporting purposes. But it’s always a smart idea for the…
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Valuing Intellectual Property
Intellectual property is a source of significant value for many businesses today, but it can be difficult to value. There are three main reasons it’s hard to value. First, it can be hard to understand, because it’s often technical in nature. Second, there are many types of intellectual property and each asset is unique by nature. (For example, the U.S. Patent Office only…
6 Types of Payroll Tax Obligations Employers Should Know
There’s more to paying taxes than just federal and state income taxes. Another major tax chore for employers is payroll taxes. These expenditures can be significant, and the reporting requirements can be onerous. So it’s important for small business owners to understand the basics. Beware: Remote Work May Complicate State Income TaxesGenerally, employees incur state income tax liability based on…