Help When Needed: Apply the Research Credit Against Payroll Taxes
Here’s an interesting option if your small company or start-up business is planning to claim the research tax credit. Subject to limits, you can elect to apply all or some […]
Category: Articles
IRS Dirty Dozen Part 1 – CRAT & Foreign Pension Arrangement Scams
The IRS has released its Dirty Dozen list for 2022. Compiled annually, the Dirty Dozen is a list of the top tax scams and schemes that fraudsters use to steal […]
Control Costs and Communicate Effectively to Weather Economic Swings
Facing the twin economic impacts of high inflation and a potential recession is rare, but here we are. The continuing challenges of supply chain shortages and a tight labor market, […]
For Nonprofits, “Quid Pro Quo” Isn’t a Simple Exchange
Quid pro quo donations occur when a not-for-profit receives a payment that includes a contribution and the organization provides the donor with goods or services valued at less than the […]
Valuing Synergies
In mergers and acquisitions (M&As), there are some buyers who are willing to pay a premium above the fair market value of the business on a controlling basis. This premium […]
Fraud Lurks: When You Underutilize Your IT
This month’s Fraud Lurks centers on your ability to discover fraud early, thereby limiting your exposure. Certainly, the primary goal is to prevent fraud from occurring; we have covered that […]
Independent Contractors Vs. Employees: Are Your Manufacturing Workers Properly Classified?
Manufacturing company owners may mistakenly believe that the misclassification of employees as independent contractors doesn’t really matter, so long as contractors satisfy all of their tax obligations. However, this couldn’t […]
Nonprofits: Tips for Getting Grants
There are thousands of grants and millions of dollars available to nonprofits from the federal government, states, foundations and other sources. Unfortunately, you can’t just ask nicely and expect to […]
6 Tips for Foiling Fake Suppliers in Online Marketplaces
Supply chain issues continue to hurt many U.S. businesses — possibly in more ways than you think. Not only do supply shortages and delays make it difficult for companies to […]
3 Approaches to Valuing a Businesss
Valuing a private business is a complex endeavor. But, when all is said and done, valuation analyses boil down to three general approaches. 1. Market Approach Under this approach, valuators […]
Businesses: Prepare for the Lower 1099-K Filing Threshold
Businesses should be aware that they may be responsible for issuing more information reporting forms for 2022 because more workers may fall into the required range of income to be […]
HW&Co. Relocates its Lake County Office
We are pleased to announce that HW&Co.’s Lake County office has moved to a new location effective Monday, May 16, 2022. This move was a strategic decision to serve our […]
