In today’s environment, it’s important for business owners to focus on the value of their company and what drives it. The objective of this article is to look at value drivers for operating businesses, as opposed to businesses that are asset-based, such as real estate or securities holding companies. Under the market and income approaches, operating…

Did you know that the Tax Cuts and Jobs Act (TCJA) eliminated itemized deductions for employees who incur unreimbursed expenses for company business for 2018 through 2025? Fortunately, you can set up a so-called “accountable plan” to minimize the adverse effects of this TCJA provision. Here’s how the accountable plan deal works. Playing by a…

After a loved one dies, there are a number of tax requirements that must be taken care of. In a previous article, we described one of the first tax-related duties of an estate executor or administrator — making sure the decedent’s final income tax return is filed for the year of death. More Miscellaneous Details…