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…

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…

Thanks to today’s favorable federal gift and estate tax rules, most people haven’t amassed enough wealth to worry about federal estate taxes. However, even if you haven’t had the good fortune to win the lotto or inherit millions from a wealthy relative, you still need an estate plan to protect your assets and your loved ones….