True Ups on Business Sale/Acquisition

True Ups on Business Sale/Acquisition Every business sale/acquisition has various “true ups” that occur, usually handled as working capital adjustments.   A recent article written by James A. Beindorf, CPA, CVA, CFF, discusses adjustments professionals need to be...

IRS Scam Phone Calls May Be Alarming

There has been an increase recently in scam voicemails or phone calls from persons  claiming to be from the IRS.  The calls are mentioning warrants for the arrest of the taxpayers, back taxes due and other frightening tax complications.  The IRS continues to warn the...

Mid-Year Tax Records Clean Up

As we round the corner into fall, it’s a good time to start thinking about records you will need for next year’s taxes.  Certain expenses that are eligible for tax credits or deductions are often concentrated in the summer months.  See details at the IRS...

Tax Impacts of Health Care Act Outlined

For all taxpayers who need assistance determining how the Affordable Health Care Act will impact them, the IRS has created a new Website as a self-guided resource: http://www.irs.gov/uac/Newsroom/IRS-Website-Explains-Tax-Provisions-of-the-Health-Care-Law One of our...