There was a dramatic decrease in recent Mergers and Acquisitions activity last year. This is due to rising interest rates and a slowing economy. The total value of M&A transactions in North America in 2022 was down 41.4% from 2021, according to S&P Global Market Intelligence. But based on some recent mergers and acquisitions activity, … Continue reading “Key Tax Issues In M&A Transactions”
Month: February 2023
How Might the Internet of Things Affect Your Business?
Once upon a time, there was the Internet. Relatively speaking, it was easy to understand. The Internet was (and is) a network on which any computer on the planet can communicate with other like-connected computers, enabling users to correspond and share files. But the Internet wasn’t (and isn’t) satisfied with only computers. It wanted to connect … Continue reading “How Might the Internet of Things Affect Your Business?”
Have Employees Who Receive Tips? Here Are The Tax Implications
Many businesses in certain industries employ individuals who receive tips as part of their compensation. These businesses include restaurants, hotels and salons. Here are some key things to know regarding taxes on cash tips. Tip Definition Tips are optional payments that customers make to employees who perform services. They can be cash or noncash. Cash … Continue reading “Have Employees Who Receive Tips? Here Are The Tax Implications”
Look to a SWOT Analysis To Make Better HR Decisions
Many business owners spend most of their time developing strategic plans, overseeing day-to-day operations and, of course, putting out fires. Yet an underlying source of both opportunity and trouble can be human resources (HR). Think about it: The performance of your HR department determines who works for you, how well employees are supported, and to what … Continue reading “Look to a SWOT Analysis To Make Better HR Decisions”
Many Tax Limits Affecting Businesses Have Increased For 2023
An array of tax-related limits that affect businesses are indexed annually, and due to high inflation, tax limits for 2023 have increased more than usual. Here are some that may be important to you and your business. Social Security Tax The amount of employees’ earnings that are subject to Social Security tax is capped for … Continue reading “Many Tax Limits Affecting Businesses Have Increased For 2023”
3 Ways Your Business Can Uncover Cost Cuts
Every business wants to find them, but they sure don’t make it easy. We’re talking about cost cutting measures for business. Meaning, clear and substantial ways to lower expenses, thereby strengthening cash flow and giving you a better shot at strong profitability. Obvious places to slash costs, such as wages, benefits and overhead, often aren’t … Continue reading “3 Ways Your Business Can Uncover Cost Cuts”