Charitable contributions can be an effective way to lower taxes for the current tax year, but they don’t necessarily have to be made with cash. Charities also welcome donations of company stock, which offer a hidden bonus to donors if the shares have appreciated in value over the years. To reap the tax benefits on private stock donations,…

Financial Documents Question Joint Ownership DurablePower of Attorney Living Trust What does it do? Enables you to own property jointly with another person Authorizes someone to handle legal and financial decisions if you become incapacitated Holds your belongings until your death Can it authorize someone to handle your financial affairs if you are unable to…

When business valuation professionals select from the menu of appraisal techniques, the income approach is a popular choice. This technique derives value by converting anticipated economic benefits into their net present value. Long-term sustainable growth is a key ingredient.Capitalization of Earnings MethodHere’s the recipe for valuing a business under the income approach, when the subject company’s earnings and…