RogerRossmeisl
JUNE 1, 2025
Even well-run companies experience down years. The federal tax code may allow a bright strategy to lighten the impact. Certain losses, within limits, may be used to reduce taxable income in later years. Who qualifies? The net operating loss (NOL) deduction levels the playing field between businesses with steady income and those with income that rises and falls.
RogerRossmeisl
JUNE 1, 2025
Determining reasonable compensation is a critical issue for owners of Ccorporations and Scorporations. If the IRS believes an owners compensation is unreasonably high or low, it may disallow certain deductions or reclassify payments, potentially leading to penalties, back taxes and interest. But by proactively following certain steps, owners can help ensure their compensation is seen as reasonable and deductible.
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RogerRossmeisl
JUNE 1, 2025
Fraud whether its occupational or external doesnt just cause immediate financial losses. It can also reduce your companys long-term value. For example, it could lower the price when you sell or limit the amount of capital you can raise via lenders and investors. Even poor internal controls can reduce your businesss worth. Heres a brief overview of how valuation professionals assess fraud risk.
RogerRossmeisl
JUNE 1, 2025
Even after your 2024 federal return is submitted, a few nagging questions often remain. Below are quick answers to five of the most common questions we hear each spring. 1. When will my refund show up? Use the IRSs Wheres My Refund? tracker atIRS.gov. Have these three details ready: Social Security number, Filing status, and Exact refund amount. Enter them, and the tool will tell you whether your refund is received, approved or on the way. 2.
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The office of the CFO is rapidly evolving, with more and more demands being placed upon the finance and accounting team each year. Join us in this webinar, where we share 8 things to NOT do when it comes to helping the CFO office advance in supporting the business. Learning Objectives: This course objective is to understand how best to support an organization's finance leadership.
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