Blog
From Handyman to Millionaire: 21 Stories of Grit, Hard Work, and Success
From fixing homes to building empires – discover 21 handymen who turned their trade into millions. Hard work pays off!
The Valuation Showdown: A Satirical Tale of Two Government Contracting Businesses
In a satirical twist on business valuation, two government contracting firms take divergent paths—one diversifies and thrives, the other falters.
Understanding Net Assets Released from Restrictions: A Simple Guide for Nonprofits
Understanding “Net Assets Released from Restrictions” helps nonprofits manage funds, ensure transparency, enhance financial flexibility, and build donor trust effectively.
The IRS ‘Dirty Dozen’ Tax Scams for 2025: What You Need to Know
Discover the IRS’s 2025 “Dirty Dozen” tax scams and learn how to protect yourself from fraud, identity theft, and financial risks.
Federal Income Tax Returns Due for Most Individuals
Taxpayers must file federal income tax returns by April 15, 2025, unless granted an extension or disaster relief. Paying on time avoids penalties.
Tax Fraud Through the Ages: Lessons from a 1,900-Year-Old Roman Case
Ancient Rome’s tax fraud scandal mirrors modern schemes, proving tax evasion is timeless. Learn historical lessons for today’s compliance challenges.
Switching Between C and S Corporations: Key Considerations and Tax Implications
Switching from C to S corp triggers a 21% Built-In Gains Tax on asset sales within five years—strategic planning minimizes tax impact.
Understanding the IRS Offer in Compromise: A Smart Tax Debt Solution
Settle tax debt for less with an IRS Offer in Compromise—eligibility, process, benefits, and expert tips for approval success.
Case Study: Understanding S Corporation Distribution Determination
S corporation distributions impact taxes based on earnings layers and stock basis. ABC’s case shows tax-free and taxable dividend allocations, emphasizing compliance.
