What businesses can expect from a green lease

Sustainble green building. Eco-friendly building in modern city. Sustainable glass office building with tree for reducing carbon dioxide. Office with green environment. Corporate building reduce CO2.

With events related to climate change continuing to rock the news cycle, many business owners are looking for ways to lessen their companies’ negative environmental impact. One move you may want to consider, quite literally, is relocating to a commercial property with a “green lease.”

It’s important to understand how taxes factor into M&A transactions

Merger and Acquisition Business Corporate Cooperation Company concept. MA partnership concept on wooden dices in businessman's hands.

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 current law.

4 best practices for effective strategic planning meetings

Team Of Professional Businesspeople Drawing Strategy Diagram With Marker

It’s not uncommon for employees to grumble about having to attend too many meetings. Sometimes they have a point; an excessive number of meetings can become a problem at some companies. However, there’s one kind of meeting that business owners and their leadership teams should never scrimp on: strategic planning.

Investment swings: What’s the tax impact?

If your investments have fluctuated wildly this year, you may have already recognized some significant gains and losses. But nothing is decided tax-wise until year end when the final results of your trades will reveal your 2023 tax situation. Here’s what you need to know to avoid tax surprises.

FASB Amends Guidance on Joint Venture Formations with ASU 2023-05

Lightbulb Joint Venture Concept

On August 23, 2023, the FASB issued ASU 2023-05, Business Combinations—Joint Venture Formations (subtopic 805-60): Recognition and Initial Measurement to address how a joint venture initially recognizes and measures contributions received at its formation date.

Could your business benefit from interim financial reporting?

Modern Industrial Factory Meeting: Confident Female Engineer Uses Interactive Whiteboard, Makes Report to a Group of Engineers, Managers Talks and Shows Statistics, Growth and Analysis Information

When many business owners see the term “financial reporting,” they immediately think of their year-end financial statements. And, indeed, properly prepared financial statements generated at least once a year are critical.

Plan now for year-end gifts with the gift tax annual exclusion

Now that Labor Day has passed, the holidays are just around the corner. Many people may want to make gifts of cash or stock to their loved ones. By properly using the annual exclusion, gifts to family members and loved ones can reduce the size of your taxable estate, within generous limits, without triggering any estate or gift tax. The exclusion amount for 2023 is $17,000.

Reviewing and adjusting your marketing strategy

Marketing Strategy Business Advertising Plan Promotion concept.

As summer slips away and fall shuffles forth, business owners and their leadership teams might want to take a look at the overall marketing strategy they’ve pursued this year. How’s yours doing? It may not be entirely too late to make some adjustments to ensure your sales numbers wind up where you want them.

Selling your home for a big profit? Here are the tax rules

Many homeowners across the country have seen their home values increase in recent years. According to the National Association of Realtors, the median price of existing homes sold in July of 2023 rose 1.9% over July of 2022 after a couple years of much higher increases. The median home price was $467,500 in the Northeast, $304,600 in the Midwest, $366,200 in the South and $610,500 in the West.

Look carefully at three critical factors of succession planning

Succession planning concept on blackboard with pen

The day-to-day demands of running a business can make it difficult to think about the future. And by “future,” we’re not necessarily talking about how your tax liability will look at year-end or how you might grow the bottom line over the next five years. We’re referring to the future in which you no longer own your company.