…CPA and Ryan Beethoven-Wilson, CPA provided attendees with important tax considerations to keep in mind when working with business owners. Here are six key takeaways from their business tax seminar:…
…the medical industry involves several critical considerations for both buyers and sellers. Understanding how to allocate, amortize, and report goodwill, as well as recognizing the implications of personal goodwill and…
…financial reporting requirements might be different. Fair Market Value Considerations Question 1: Item Donation Acknowledgement Can a nonprofit organization include the Fair Market Value (FMV) amount in the acknowledgement letter…
…and amortization. The ATI calculation then became tax EBIT, which in turn, caused many real estate professionals, developers, and construction contractors subject to the limitations. How the OBBBA reframes EBITDA…
…as they carry out their mission. Below is an overview of each vehicle and the key considerations when deciding between a private foundation or a donor-advised fund. What is a…
Considerations for planning to meet your philanthropic goals Qualified Charitable Distributions (QCD) are a valuable tax planning technique for individuals over age 70.5 to meet their philanthropic goals, utilizing a…
…does not solve some of the more difficult considerations these entities may face, such as determining the appropriate lease term to use in a perpetual related party lease or determining…
…Employee Pension (SEP) Individual Retirement Arrangements (IRAs) Optional treatment of employer nonelective or matching contributions as Roth contributions Overview of the W-2 tax reporting considerations Designated Roth nonelective contributions and…
Key tax considerations for businesses and executives in 2024 Keiter’s 2024 tax seminar provided valuable insights into upcoming tax changes, the Corporate Transparency Act, and practical tax planning strategies. Below…
…to the transferred assets or a future transfer of assets until the barriers have been overcome, meaning it is conditional. Some considerations that may be indicative of barriers are: The…
…even if it cannot be sold by the reporting entity on the measurement date. Considerations for estimating the discount for legally restricted securities This is not true for a legally…
…exchanges/platforms will have to file Form 1099-B itself (modified to include digital assets) or some other, new IRS form. Other Considerations for Cryptocurrency Customers In addition to collecting information list…