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Things to Consider When Planning Your Family Business Succession
This article explains why family businesses continue to generate 70-90% of global GDP annually. Ernst and Young reported that “the largest 500 family...
Top 10 Things to Consider for Tax & Accounting in 2021
This year has brought a lot of changes when it comes to tax and accounting. Deadlines have shifted. Standards have been updated. New relief plans...
Inflation Adjustments for 2022 Returns
This article explains the new inflation adjustments that are being made by the IRS issued through Rev. Proc. 2021-45. The IRS also cautioned that...
Consequences of Some Retirement Options on Small Businesses
Valeria Alterman and Ariane Froidevaux delve into research on various retirement options for small business owners. They look into their custom model...
The Future of Blockchain Technology: The Complete Guide
A decade ago, Bitcoin was worth less than a penny. Now, Bitcoin has experienced a boom that has many excited about the cryptocurrency and has put...
Succession Planning Should Be Part of Family Business Strategy
Too often CEOs of a company will procrastinate the succession of their company to the next generation. This may happen since the idea of retiring...
Being Average Is Not For Us
We asked our staff why Scott and Company is not your average accounting firm. Click here to find out why being average is not for us!
What You Need to Know About the IRS and Tax Audits
The IRS has long been a bogeyman for the American public, and there’s good reason for that. They have the unique ability to do what few other...
Keep Your Money in the Family with These Estate Planning Tips
This article explains why and how keeping money within the hands of the people you trust will help you in the future. Heirs could be responsible for...
The IRS Backlog Is Causing Taxpayer Heartburn
Before the COVID-19 pandemic, the IRS was getting refunds out swiftly and responded to calls and correspondence in a reasonable amount of time....