Benefits of an Audit

Benefits of an Audit

The benefit of an audit is that it provides assurance that management has presented a "true and fair" view of a company's financial performance and position. An audit underpins the trust and obligation of stewardship between those who manage a … [Read more]

Who Pays Estate Taxes

Who Pays Estate Taxes?

According to the IRS, estate tax is a tax on your right to transfer property at your death. The tax is determined by calculating the fair market value of everything you own or have certain interests in at the date of death. The total of all these … [Read more]

Corporate Compliance

Corporate Compliance That Makes Sense

It’s hard to keep up with compliance requirements when there are so many new regulations being added every day. Unless you have an internal auditor, how do you know if your company is following all the rules? Even if you have an internal auditor, … [Read more]

Benefits of an LLC

Benefits of an LLC

An LLC is a limited liability company. This hybrid business entity provides the limited liability features of a corporation as well as the tax efficiencies and operational flexibility of a partnership. There are no owners in an LLC, but rather … [Read more]

Foreign Direct Investment

Foreign Direct Investment Expected to Grow

According to the United Nations’ annual World Investment Report, published by the organization’s economic think tank UNCTAD, global foreign direct investment will rise 12.5 percent to $1.62 trillion this year as the economic recovery tempts China, … [Read more]

Road to Success for Corporate Finance

Corporate Finance Tips for Success

Business finance, most commonly known as corporate finance in the business world, involves allocating resources, reviewing debt and equity financing opportunities. While large corporations have finance departments dedicated to handling these matters, … [Read more]

Financial Statement Analysis

An Introduction to Financial Statement Analysis

“If you can read a nutrition label or a baseball box score, you can learn to read basic financial statements. If you can follow a recipe or apply for a loan, you can learn basic accounting. The basics aren’t difficult and they aren’t rocket … [Read more]

Difference Between LLC and Inc.

Difference Between LLC and Inc.

A corporation (Inc.) is one of the first types of business entities ever formed in the United States. A limited liability company (LLC) has only been around since 1977 when Wyoming became the first state to allow LLC formation. LLCs have some of the … [Read more]