by apexcpas | Jul 4, 2018 | Valuations
How to divide law partner compensation is an area of practice management that causes more problems for a firm than most other areas. Generally, the smaller the firm, the easier it is to make a decision on how to split money. But as firms grow larger and more complex,...
by apexcpas | Jul 4, 2018 | Valuations
Why do you need a business valuation? The prospective sale of the company might seem to be the obvious reason for getting a business valuation, but there are many other reasons as well. They include: Estate, gift and trust planning– To determine estate taxes, a...
by apexcpas | Jul 4, 2018 | Tax Planning
Tax planning is essential for two very important reasons. The first reason is to ensure you take advantage of opportunities BEFORE the year is over. The second is that you are informed well in advance of April 15th of what your potential tax liability will...
by apexcpas | Jul 4, 2018 | Tax Planning
A big issue facing business owners today is determining if an individual should be hired as an employee or as an independent contractor. The government does not take this issue lightly. Misclassifying workers as independent contractors can result in large, unexpected...
by apexcpas | Jul 4, 2018 | Tax Planning
Whenever you sell business or investment property and you have a gain, you generally have to pay tax on the gain at the time of sale. IRC Section 1031 provides an exception and allows you to postpone paying tax on the gain if you reinvest the proceeds in similar...