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A recently decided Tax Court case once again reinforces the rule that simply guaranteeing corporate debt in an S corporation does NOT increase that shareholder’s tax basis in his stock.
Part 2 in a Series This is the second in a series of posts related to enhancing business owners’ understanding of cost of capital. The first post, titled, Understanding Cost
With the arrival of pitchers and catchers at spring training camps all across America, President Trump got into the act late last week, offering his own interpretation of “Big League”,
Part 1 in a Series Anyone who has studied business at the undergraduate level has learned a little about cost of capital. While this is not as prominent in most
Ethics and compliance have become increasingly important components of a company’s comprehensive risk management program. Learn more about the results of a recent global study designed to provide benchmarking data
Renting a personal residence for brief periods has become popular, and can be very lucrative. Learn more about a little-known rule that may allow homeowners to exclude short-term rental income
The IRS has provided insight related to the tax treatment of costs incurred for the development, purchase and/or implementation of “computer software.” Read the article from the Winter 2017 GYF
Because technology is a major component of daily operations, it is important to stay attuned to the direct and indirect costs and opportunities associated with IT issues. Read the article
Since the Pennsylvania Department of Revenue (PA DOR) implemented a new technology system several years ago, numerous inaccurate tax notices have been mailed to taxpayers, who have been burdened with
No matter how you feel about Donald Trump as President, there can be no doubt that change is coming. Read the article from the Winter 2017 GYF Perspectives.
Everyone has heard the statement that you should work at what you love. Being able to work everyday at something for which you hold great passion is a dream few
Regular corporations, which are taxed as separate legal entities and more commonly known as “C corporations” (since they are taxed under Subchapter C of the Internal Revenue Code), were once
