If you’re contemplating selling your manufacturing business, be sure you understand the tax implications. Business structure (as well as the transaction) can impact your tax bill and, therefore, your net proceeds from the sale. Here are some issues to consider.…
In spite of a slowdown in merger and acquisition activity in 2022, companies are still being bought and sold. If your business is considering merging with or acquiring another business, it’s important to understand how the transaction…
Prepare for the New 1099-K Threshold Now Businesses should be aware that they may be responsible for issuing more information reporting forms for 2022. More workers may fall into the required range of income to be reported.…
What are the tax consequences of selling property used in your trade or business? There are many rules that can potentially apply to the sale of business property. Thus, to simplify discussion, let’s assume that the property…
If you run a business and utilize payment apps such as Zelle, Venmo, Square, or PayPal, you could be affected by new tax reporting requirements that take effect for 2022. They don’t alter your tax liability, but…
If your business receives large amounts of cash or cash equivalents, you may be required to report these transactions to the IRS. What Are the Requirements? Each person who, in the course of operating a trade or…
Our own Floyd Trouten joins a group of financial experts to discuss getting your business accounting prepared for any transaction in any economy at the 2020 Smart Business Dealmakers Conference. Featuring: Floyd Trouten, Director, Barnes Wendling…
In this episode Director Mike Pappas discusses how important it is to have an Exit Plan before you are ready to actually exit your business. He will discuss the following: The importance of exit planning The key…
Selling your business can come with a lot of uncertainties In this Part 2 series we will further discuss if this is the right time to sell your business. Key items discussed: Basics of Business Worth and…
Join this episode as we chat with Floyd Trouten, director of our transactional services and Steve Piatak, a director in our Business Valuation services group as they discuss a variety of topics related to buying…
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