by KLPCPA | Aug 15, 2014 | News
Determining the when and how to conduct the business pre-sale valuation is critical to proactively creating an exit strategy. Even after spending a lifetime building a business, some business owners don’t have a business that can be sold—due to lack of planning. And...
by KLPCPA | Aug 8, 2014 | Taxes
One of the most basic planning questions for S-Corp owners is the allocation of earnings between salary and K-1 income. Before getting into the W-2 vs K-1 issues we’ll point out that the owner of an S-Corp is a statutory employee and as such is supposed to...
CARES Act made changes to excess business losses
The possible tax consequences of PPP loans
File cash transaction reports for your business — on paper or electronically
Why do partners sometimes report more income on tax returns than they receive in cash?
Even if no money changes hands, bartering is a taxable transaction