Advisory Services, Business Tips, Tax Planning Ryan McCaslin, CPA, CIA, CEPA – Transaction Advisory Partner Advisory Services, Business Tips, Tax Planning Ryan McCaslin, CPA, CIA, CEPA – Transaction Advisory Partner

The Importance of the Working Capital Calculation in Mergers and Acquisitions

Working capital is an extremely important part of any transaction and often causes confusion. It is important buyers and sellers fully understand the importance of the working capital PEG and how it affects the business transaction.

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Navigating Standard vs. Itemized Deductions: A Thoughtful Consideration

As we approach tax season, it's understandable that the process can become a source of stress! Life changes prompt us to reevaluate our financial strategies, and it might be the opportune moment to contemplate the shift away from opting for  the standard deduction and towards itemizing your deductions. Here’s how to get started!

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Corporate Transparency Act (CTA) — Beneficial Ownership Information Reporting

Starting in 2024, the Corporate Transparency Act (“CTA”) mandates certain entities (primarily small and medium-size businesses) created in or registered to do business in the United States report information about their beneficial owners—the individuals who ultimately own or control a company—to the Financial Crimes Enforcement Network (“FinCEN”).

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Accounting, Business Tips, Planning & Evaluating, Tax Planning Ryan McCaslin, CPA, CIA, CEPA – Transaction Advisory Partner Accounting, Business Tips, Planning & Evaluating, Tax Planning Ryan McCaslin, CPA, CIA, CEPA – Transaction Advisory Partner

What is Financial Due Diligence and Quality of Earnings?

The term “due diligence” is one that’s tossed around in a number of business sectors, and can even be heard in everyday, casual conversations. When making a big decision, one might ask: “Have you done your due diligence?” In the simplest of definitions, it’s the careful assessment of the pros and cons of a transaction.

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Debunking the Myths: An Accounting Firm’s Culture and the Truth about Accountants

When people think of accountants and finance professionals, they often conjure up images of serious, number-crunching individuals buried in stacks of paperwork, devoid of any fun or excitement. However, at EHTC, we believe in shattering these stereotypes and fostering a vibrant culture that challenges these misconceptions head-on.

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Responding to Stressful Times using Creative Approaches

No matter how you look at the future, your business is likely to face stresses and opportunities unlike what you have encountered in the past. Threats of a meaningful recession, supply chain disruptions, and challenging talent issues increasing interest rates are just a few of the main players. As a result, your business may not be positioned to respond to these factors, much less capitalize on them.

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Tax Filing 101: Everything You Need to Know to Make this Season a Success

Tax season is fast approaching, and, at EHTC, we know that it can bring added stress to our clients. The best way to mitigate some of that strain is to stay organized and stay on top of all the important details—and resist the urge to procrastinate until late February or March.

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Form 1040: Individual Tax Return

Let’s start with the basics: what is Form 1040, and why is it important? This form ultimately determines if additional taxes are due or if the taxpayer will receive a refund. This form includes personal information, wage reporting, pensions, and other types of income. In addition to your personal information, some information regarding your spouse may also be needed, as well as the number of dependents you have.

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Business Tips, Tax Planning EHTC Business Tips, Tax Planning EHTC

Year-End Planning

With year end rapidly approaching, it's time to consider making some moves that will lower your 2021 federal income tax bill— and potentially position you for future tax savings. Unfortunately, tax planning is particularly challenging this year, because the tax rules for 2022 aren't yet certain. In fact, they may not even be certain for 2021.

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