Have you heard of “profits interest” awards? They’re a flexible compensation tool that LLCs can use to reward top performers. But it’s important to understand the accounting rules before you jump on the bandwagon.

Determining whether a gift tax return must be filed can be complicated. The answer depends on the circumstances surrounding the gift.

Does your business keep an eye on what competitors are doing? This practice, known as competitive intelligence, can be useful but is also risky.

Many small entities suffered major losses during the pandemic. Here’s welcome relief from the FASB for private companies and not-for-profit entities that report goodwill on their balance sheets.

When you sell your home, you’ll pay tax (or avoid it) based on the “basis” of the property. Here’s how to determine yours.

Avoid causing your family members additional hardship after your death by disclosing all of your assets and where they can find them.

The nice weather and the general downturn in COVID-19 cases has spurred some business owners to think about buying a car this spring. Here’s an option that may save on taxes.

No nonprofit’s tax-exempt status is permanent. If you violate IRS rules, you could lose it as well as the loyalty and confidence of donors, grant makers and other supporters of your mission.

Safe harbor 401(k) plans generally free employers from compliance with nondiscrimination testing. But you may wonder whether they’re subject to “top-heavy” requirements.

If your business can be defined as an applicable large employer, the recently signed American Rescue Plan Act might increase the likelihood that you’ll incur a penalty under the Affordable Care Act.

There are a number of “FinTech” (financial services technology sector) apps available, that are helping accountants and finance professionals with their day-to-day job, but it can be confusing on where to even start. Here are some suggestions.