About Sonya Foster

This author has not yet filled in any details.
So far Sonya Foster has created 892 blog entries.

Selling Your Business: An Overview

Paige Curtiss, CPA and Senior Tax Accountant Selling a business is no minimal undertaking. The steps to sell your business should be considered carefully with your legal and financial professional team. The structure of your business sale can have a significant impact on your tax liability. In this

2022-06-14T08:44:59-06:00June 8th, 2022|

Elderly Relative Care Tax Breaks

Taking care of an elderly parent or grandparent may provide more than just personal satisfaction. You could also be eligible for tax breaks. Here’s a rundown of some of them. 1. Medical expenses. If the individual qualifies as your “medical dependent,” and you itemize deductions on your tax return, you

2022-05-24T10:22:31-06:00May 24th, 2022|

Leverage Your Internal Audit Department

Many companies have an internal audit department that tests whether the organization is accurately reporting financial results and complying with U.S. Generally Accepted Accounting Principles (GAAP). But it’s important for internal auditors to think beyond compliance. Internal auditors who understand the big picture can expand their department’s influence by helping

2022-05-24T09:12:27-06:00May 24th, 2022|

SLAT Trust Can Provide Opportunities

Estate tax planning can become complicated when multiple parties are involved. For example, you may be concerned about providing assets to a surviving spouse of a second marriage, while also providing for your children from your first marriage. Of course, you also want to take advantage of favorable estate tax

2022-05-11T09:38:55-06:00May 11th, 2022|

Balance Sheet Fair Value FAQs

In recent years, accounting rule makers have issued guidance that requires certain items on the balance sheet to be reported at “fair value.” Here are some answers to frequently asked questions about this standard of value and how it’s measured. What is fair value? Under U.S. Generally Accepted Accounting Principles

2022-05-11T09:11:06-06:00May 11th, 2022|
Go to Top