by Sarah Boehle Pool | Nov 13, 2024 | Latest News
Is your money-losing activity a hobby or a business? Let’s say you have an unincorporated sideline activity that you consider a business. Perhaps you offer photography services, create custom artwork or sell handmade items online. Will the IRS agree that your venture...
by Sarah Boehle Pool | Nov 11, 2024 | Latest News
How your business can prepare for and respond to an IRS audit The IRS has been increasing its audit efforts, focusing on large businesses and high-income individuals. By 2026, it plans to nearly triple its audit rates for large corporations with assets exceeding $250...
by Sarah Boehle Pool | Nov 7, 2024 | Latest News
Turnaround acquisitions are risky growth opportunities for today’s companies When it comes to growth, businesses have two broad options. First, there’s organic growth — that is, progress made through internal efforts such as boosting sales, expanding into other...
by Sarah Boehle Pool | Nov 6, 2024 | Latest News
Unlock your child’s potential by investing in a 529 plan If you have a child or grandchild planning to attend college, you’ve probably heard about qualified tuition programs, also known as 529 plans. These plans, named for the Internal Revenue Code section that...
by Sarah Boehle Pool | Nov 4, 2024 | Latest News
Advantages of keeping your business separate from its real estate Does your business require real estate for its operations? Or do you hold property titled under your business’s name? It might be worth reconsidering this strategy. With long-term tax, liability and...
by Sarah Boehle Pool | Oct 31, 2024 | Latest News
Working capital management is critical to business success Success in business is often measured in profitability — and that’s hard to argue with. However, liquidity is critical to reaching the point where a company can consistently turn a profit. Even if you pile up...
