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Returning Value Blog

Back to School Sales Tax Holiday Weekend 2019

Posted by Lisa Albritton on Jul 11, 2019

Alabama's 14th annual sales tax holiday for back-to-school items will be Friday, July 19, 2019, through Sunday, July 21, 2019.

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Posted in Alerts

M&A Transactions: Avoid Surprises from the IRS

Posted by Michael D. Machen, CPA, CVA on Jul 09, 2019

If you’re considering buying or selling a business — or you’re in the process of a merger or acquisition — it’s important that both parties report the transaction to the IRS in the same way. Otherwise, you may increase your chances of being audited.

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Posted in Business Advisory

Laying the Foundation for a Functional Incentive Plan

Posted by Amber Malik on Jul 03, 2019

Employee incentive plans can be among the most meaningful benefits that an employer can offer. This is because participants receive awards tied directly to their professional accomplishments or their organization’s success.

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Posted in Payroll, HR & Benefits

Bartering: A Taxable Transaction Even If Your Business Exchanges No Cash

Posted by Nick Wheeler, CPA on Jul 02, 2019

Small businesses may find it beneficial to barter for goods and services instead of paying cash for them. If your business engages in bartering, be aware that the fair market value of goods that you receive in bartering is taxable income. And if you exchange services with another business, the transaction results in taxable income for both parties.

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Posted in Business Tax

The Pros and Cons of Interim Reporting

Posted by Jessica L. Pagan, CPA on Jul 01, 2019

The Securities and Exchange Commission (SEC) requires certain public companies to publish quarterly financial statements to give investors insight into midyear performance. Though interim reporting generally isn’t required for private companies, stakeholders in smaller entities can benefit even more than those of public companies from this type of information. But it’s also important to understand the potential shortcomings.

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Posted in Accounting & Outsourcing

Which Entity is Most Suitable for Your New or Existing Business?

Posted by Lesley L. Price, CPA on Jun 25, 2019

The Tax Cuts and Jobs Act (TCJA) has changed the landscape for business taxpayers. That’s because the law introduced a flat 21% federal income tax rate for C corporations. Under prior law, profitable C corporations paid up to 35%.

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Posted in Business Advisory

2019 Q3 Tax Calendar: Key Deadlines for Businesses and Other Employers

Posted by Jessica L. Pagan, CPA on Jun 24, 2019

 

Here are some of the key tax-related deadlines affecting businesses and other employers during the third quarter of 2019.

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Posted in Business Tax

Hire Your Children This Summer: Everyone Wins

Posted by Nick Wheeler, CPA on Jun 20, 2019

If you’re a business owner and you hire your children (or grandchildren) this summer, you can obtain tax breaks and other nontax benefits. The kids can gain on-the-job experience, save for college and learn how to manage money. And you may be able to:

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Posted in Business Tax

Tax-smart Domestic Travel: Combining Business With Pleasure

Posted by Marty Williams, CPA on Jun 19, 2019

Summer has just begun, so you might be thinking about getting some vacation time. If you’re self-employed or a business owner, you have a golden opportunity to combine a business trip with a few extra days of vacation and offset some of the cost with a tax deduction. But be careful, or you might not qualify for the write-offs you’re expecting.

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Posted in Business Tax

How Auditors Use Nonfinancial Information

Posted by Aaron K. Waller, CPA on Jun 18, 2019

Every financial transaction your company records generates nonfinancial data that doesn’t have a dollar value assigned to it. Though auditors may spend most of their time analyzing financial records, nonfinancial data can also help them analyze your business from multiple angles.

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Posted in Audit & Assurance

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