Working capital is vital to the success of all businesses in order to maintain operations and provide for growth. The term “working capital” is an abbreviated version of the more proper financial and accounting term “Net Working Capital”—the amount of liquid assets available to a business and calculated by subtracting current liabilities from current assets. Some financial … [Read more...] about Working Capital – Issues Beyond Solvency
The accounting field is one that is always changing. Because of the constant evolution, it is important that firms adapt their recruiting and hiring methods for hiring new staff straight out of college. The goal is to hire applicants from their respective educational institution and place them in high-level positions. The first step to attracting the “ideal candidate” is … [Read more...] about Recruiting and Hiring to Fit Your Firm’s Values and Culture
ESOP is short for an Employee Stock Ownership Plan and is an employee retirement plan as well as a technique of corporate finance. An ESOP can be used to finance the transition of ownership, raise new equity capital, refinance outstanding debt or acquire productive assets. ESOPs can also be used to increase cash flow by making plan contributions in stock instead of cash. … [Read more...] about Should You Consider an ESOP as Your Business Exit Strategy?
It Depends on Your State. The Tax Cuts and Jobs Act (“TCJA”) made significant changes to the Federal Tax code, leaving many taxpayers wondering what that means for state tax purposes. The short answer is, it depends on your state. Federal conformity varies from state to state and some states are selective as to which specific code sections to follow. These changes will … [Read more...] about How Does the Tax Cuts and Jobs Act Impact Rent-To-Own Businesses?
Are you up-to-date with the Treasury Department's new guidance on paid commuting and parking for tax-exempt organizations? This case study looks at how tax-exempt organizations should treat paid commuting and parking provided to employees, also known as qualified transportation fringe benefits. View Case Study … [Read more...] about Case Study: Paid Parking for Tax-Exempt Organizations