by Brian Hare, CPA, CGMA | Aug 25, 2021 | Business
Business owners are regularly urged to create and update their succession plans. And rightfully so — in the event of an ownership change, a solid succession plan can help prevent conflicts and preserve the legacy you’ve spent years or decades building. But if you want...
by Brian Hare, CPA, CGMA | Aug 18, 2021 | Business
In Notice 2021-46, the IRS recently issued additional guidance on the COBRA assistance provisions of the American Rescue Plan Act (ARPA). Under the ARPA, a 100% COBRA premium subsidy and additional COBRA enrollment rights are available to certain assistance eligible...
by Brian Hare, CPA, CGMA | Aug 16, 2021 | Tax
What if you decide to, or are asked to, guarantee a loan to your corporation? Before agreeing to act as a guarantor, endorser or indemnitor of a debt obligation of your closely held corporation, be aware of the possible tax consequences of guaranteeing a loan. If your...
by Brian Hare, CPA, CGMA | Aug 4, 2021 | Business
Many businesses are spending more time and resources on supporting the well-being of their employees. This includes recognizing and addressing issues related to diversity, equity and inclusion (DEI). A thoughtfully designed DEI program can do more than just head off...
by Brian Hare, CPA, CGMA | Jul 29, 2021 | Tax
Do you play a major role in a closely held corporation and sometimes spend money on corporate expenses personally? These costs may wind up being nondeductible both by an officer and the corporation unless proper steps are taken. This issue is more likely to arise in...
