Businesses must face the reality of cyberattacks and continue fighting back

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With each passing year, as networked technology becomes more and more integral to how companies do business, a simple yet grim reality comes further into focus: The cyberattacks will continue.

The tax advantages of including debt in a C corporation capital structure

Measuring size of debt, public debt market measurement, financial concept : Cubes of debt and a ruler scale, depicts debt level debtor owes its creditor, debt is reduced by restructuring, refinancing

Let’s say you plan to use a C corporation to operate a newly acquired business or you have an existing C corporation that needs more capital. You should know that the federal tax code treats corporate debt more favorably than corporate equity.

8 key features of a customer dispute resolution process for businesses

Pensive male customer service representative wearing eyeglasses and headset, holding pen with hand on chin and looking at computer screen.

No matter how carefully and congenially you run your business, customer disputes will likely happen from time to time.

Pay attention to the tax rules if you turn a hobby into a business

Many people dream of turning a hobby into a regular business. Perhaps you enjoy boating and would like to open a charter fishing business. Or maybe you’d like to turn your sewing or photography skills into an income-producing business.

B2B businesses need a cohesive strategy for collections

Payment Received Taxation Tax Time Concept

If your company operates in the business-to-business (B2B) marketplace, you’ve probably experienced some collections challenges.

Taxes when you sell an appreciated vacation home

Vacation homes in upscale areas may be worth way more than owners paid for them. That’s great, but what about taxes? Here are three scenarios to illustrate the federal income tax issues you face when selling an appreciated vacation home.

Health care self-insurance and stop-loss coverage: What business owners need to know

Red industrial machinery emergency stop button with an icon of an umbrella and the word Insurance on a yellow box. 3D illustration of the concept of financial protection and compensation of loss

For businesses, cost-effectively sponsoring a health insurance plan for employees is an ongoing battle. In the broadest sense, you have two options: fully insured or self-funded.

Watch out for “income in respect of a decedent” issues when receiving an inheritance

Most people are genuinely appreciative of inheritances, and who wouldn’t enjoy some unexpected money? But in some cases, it may turn out to be too good to be true. While most inherited property is tax-free to the recipient, this isn’t always the case with property that’s considered income in respect of a decedent (IRD). If you have large balances in an IRA or other retirement account — or inherit such assets — IRD may be a significant estate planning issue.

Why some businesses choose to execute a pivot strategy

compass pivot angled left 3d rendering

When you encounter the word “pivot,” you may think of a politician changing course on a certain issue or perhaps a group of friends trying to move a couch down a steep flight of stairs. But businesses sometimes choose to pivot, too.

Don’t have a tax-favored retirement plan? Set one up now

retirement plan label on document folder

If your business doesn’t already have a retirement plan, it might be a good time to take the plunge. Current retirement plan rules allow for significant tax-deductible contributions.