RogerRossmeisl

FEBRUARY 28, 2021

Merger and acquisition activity in many industries slowed during 2020 due to COVID-19. But analysts expect it to improve in 2021 as the country comes out of the pandemic. If you are considering such a transaction, it’s important to understand the tax implications of buying or selling a business. Two ways to arrange a deal Under current tax law, a transaction can basically be structured in two ways: (1) Stock (or ownership interest) A buyer can directly purchase a seller’s ownership intere

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Tax income tax CPA business tax 132

RogerRossmeisl

FEBRUARY 28, 2021

One of the most common routes for occupational fraud perpetrators runs through the accounts receivable department. Unless you’re aware of these schemes and take steps to prevent them, your business could face serious financial losses. Creative misappropriation Receivables fraud occurs when dishonest employees divert customer payments for their personal use.

CPA 132

CPA Account accountant accounted 132

RogerRossmeisl

FEBRUARY 28, 2021

(This is Blog Post #988). The post Should I Take a Life Insurance Loan? appeared first on Roger Rossmeisl, CPA.

CPA 142

CPA 142