What a difference two months makes. On Nov. 10, an Oklahoma judge decreed that Harold Hamm’s 62 percent stake in pipeline system Hiland Partners LP was worth $248 million. Richard Kinder thinks it’s worth $1.4 billion.
Pursuant to Internal Revenue Service Revenue Ruling 2013-17, the place of celebration determines a same-sex couple's marital status for federal tax purposes. That means as long as a couple was legally married in a state or another country that allows same-sex marriage, the IRS will recognize such marriage.
The recent run-up of the stock market has created both an opportunity and need for tax strategizing. Varying yield scenarios and tax implications unique to a bull market can and should affect investors’ decisions. Industry insiders, however, caution investors not to let the tax tail wag the dog.
Although the last two years have brought significant clarity at the state level regarding married, same-sex couples' filing status, many same-sex couples are still unable to file joint state returns in 2015.
Recent court rulings have added to the constantly changing landscape for same-sex couples, leaving many restricted to filing separately or unsure as to their appropriate filing status.
Florida became the 36th state to allow same-sex marriage this week and, with wedding bells
ringing, there are a couple of things for newlywed or about-to-be-wed same-sex couples to
consider on the tax and estate planning front. With marriage comes paperwork.
Growth planning plays a vital role in the success of your business. But before you can sit down and say, "This is how we want to grow," it is important to understand why you want to grow. You want to make money, but that can't be the only consideration.
As Benjamin Franklin famously observed, "In this world nothing can be said to be certain, except death and taxes." Obviously, Franklin wasn't referring to business valuation where taxation is one of the most uncertain elements in the process.
Orange County retailer Wet Seal Inc. pioneered the quick translation of Southern California's beachy lifestyle into fashions for young women. But now it is trying to avoid drowning in the competitive teen marketplace.
In the past 10 years, the number of professionals who dabble in litigation support has increased. The quality of the work suffers because those who dabble often do not do the extensive work necessary and the layperson only focuses on the fees charged.
No one likes to think about taxes, and we’re all tempted to postpone our tax planning until the last possible moment. SmartCEO gathered some of Philadelphia’s top tax advisors to make the case that being prepared early for events such as an audit, a CEO succession or an acquisition can significantly increase benefits and reduce your liability risk. The experts also share their insight into how you can lower the risk of fraud at your company.
Planning for a merger or acquisition takes time and due diligence on the parts of both the buyer and seller to ensure a smooth and successful deal. SmartCEO gathered the top experts in M&A advisory as well as experienced buyers and sellers to discuss their thoughts on growth strategies and how to execute a successful merger through careful evaluation and diligent planning.
While there is some dispute about who uttered the famous encouragement to business leaders to "Do well by doing good," there's no debate about its legitimacy and relevance in American business. You'd be hard-pressed to find a business, whether an international conglomerate or a local dry cleaner, that doesn't commit to giving something back to its community. Sometimes, it may be vast sums of money and sometimes it is a dozen little league jerseys - either way, corporate giving is a part of the American business culture for good.
For Michael Balter, accounting is as much about people as balance sheets.
He has spent much of the past month - his first at Marcum LLP - just listening to what the firm's employees had to say. Over the course of his career, he has found that the right blend of hospitality and psychology adds up to a full-service approach to accounting.
Last Friday, the U.S. House of Representatives pulled a fast one. They approved a bill allowing several tax incentives that had expired at the end of 2013 to be extended through December 31 of this year. Although there is no certainty, it is likely that the bill will get final approval by the Senate and the President for 2014, and there is also broad consensus that the incentives will be extended into the future.
Our business principally consists of auditing Chinese companies that are publicly traded on U.S. exchanges and U.S. companies with operations in China. But we also perform due diligence for investors and companies looking to invest in China. And we have recently begun assisting more Chinese investors to make investments here in the U.S., for instance, with immigration matters relating to the EB-5 program. This is a trend that is growing very fast.
Since the Supreme Court struck down the Defense of Marriage Act last year, gay spouses in states that have legalized such unions are now entitled to the same federal benefits as heterosexual married couples.
Books aren’t the only thing self-published writers can write. Everything from printer paper to paper clips is a potential tax write-off. The trick is staying on top of expenses and knowing where to draw the line.
New York-based Marcum LLP (FY13 net revenue of $350.2 million) has admitted Philip Wilson as PIC of the California region. In this newly created role, Wilson is responsible for overseeing all client services and business operations in Marcum’s California offices and for the firm’s business development and regional expansion statewide.
Lines at some stores began forming early Thursday as consumers eschewed Thanksgiving dinner with an eye toward wolfing down discounted merchandise at any of approximately two dozen chains that were opening at some point during the holiday. On Friday, shoppers continued to stream into stores as retailers rolled out fresh deals to keep the momentum up through the Thanksgiving weekend.