In recent years, merger and acquisition activity has been strong in many industries. If your business is considering merging with or acquiring another business, it’s important to understand how the transaction will be taxed under… Read More »Emil @ CPA-LA Wrote: It’s important to understand how taxes factor into M&A transactions
Do you and your spouse together operate a profitable unincorporated small business? If so, you face some challenging tax issues. The partnership issue An unincorporated business with your spouse is classified as a partnership for… Read More »Emil @ CPA-LA tips: Spouse-run businesses face special tax issues
The Tax Cuts and Jobs Act liberalized the rules for depreciating business assets. However, the amounts change every year due to inflation adjustments. And due to high inflation, the adjustments for 2023 were big. Here… Read More »Emil @ CPA-LA wrote: Update on depreciating business assets
If you’re getting a divorce, you know the process is generally filled with stress. But if you’re a business owner, tax issues can complicate matters even more. Your business ownership interest is one of your… Read More »Emil @ CPA-LA: Divorcing business owners should pay attention to the tax consequences