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IRS Notice for Small Businesses

After years of low examination rates, the IRS has recently announced that they are planning to increase audits of small businesses by about 50% during the 2021 tax year. They are even planning to hire more specialized auditors to strengthen their enforcement efforts in order to accomplish this increased audit rate. Although the possibility of … Continue Reading

Business Succession Planning

Business Succession Planning – Cultivate Enduring Value in Your Company Business succession planning may be one of the most challenging issues a small business owner will face. However, a well-conceived succession agreement can minimize friction among owners, relatives, and key executives and ensure the business endures for the next generation. Many small business owners may … Continue Reading

Due-on-Transfer Risk in an Era When Rates Cannot Decline

Loan Due On Transfer The current conventional wisdom is that so long a lender is receiving payments, the lender will not call a loan in default just because the borrower conveyed title, without paying off the debt, in violation of “due-on-transfer” clauses in the mortgage.  That conventional wisdom is based, however, on experiences born out … Continue Reading

Business Formation

Business Entity Selection Entity selection is one of the most important decisions a new business venture has to make.The choice you make about the structure of your business will affect how much you pay in taxes, the level of risk to your personal assets, and even your ability for funding. Our firm can help advise … Continue Reading

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