If you are selling a business, the buyer may want to pay part of the price through an earnout provision. This is a contractual arrangement in which the seller receives additional payment in the future if certain financial goals are met. In other words, part of the price is contingent on the performance of the company…

The FBI has warned of a staggering increase in ransomware attacks against businesses since the start of the COVID-19 pandemic. Here’s what business owners and managers should know about these attacks to help prevent them — and manage an attack if preventive measures fall short. Cybercrime Crisis Cybercrime reports to the FBI have quadrupled in 2020. The…

It’s time to implement strategies to help reduce your 2020 federal income tax bill and position yourself for future tax savings. Here are some ideas to consider before year end. Current Individual Federal Income Tax Rate SceneHere’s an overview of the current tax situation under the Tax Cuts and Jobs Act (TCJA). Many of its provisions…