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Beyond tax season: creating revenue stability year-round

ThomsonReuters

Tax season is a critically busy time of the year for accountants, and we all know the stress that can come with such a high demand for services during that part of the year. But for some tax and accounting firms, the high volume of clients from January to April represents the majority of their business for the year.

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What Should We Do When Our 401(k) Plan Must Make a Distribution to Someone We Cannot Locate?

ThomsonReuters

ANSWER: The DOL and IRS have both offered guidance about dealing with participants and beneficiaries who are unresponsive or cannot be located—i.e., Some plan documents describe how to handle account balances when search efforts fail; others may authorize administrative committees to adopt policies for these situations.

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Top 5 Growing Business Industries in Charleston, SC in 2023

Viking Mergers

In Charleston, businesses get county-sponsored tax savings in addition to state tax incentives, have access to a skilled and competitive workforce, and can get help through local business development programs. GlobeNewswire says the same thing about the commercial security system market.

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Does HIPAA Prohibit an Employer From Using an Employee’s Health Information for COVID-19 Contact Tracing?

ThomsonReuters

Does HIPAA prohibit Human Resources from notifying coworkers who had contact with the employee so they can get tested? For example, the Americans With Disabilities Act requires that all medical information about a particular employee be kept confidential and stored separately from the employee’s personnel file.

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What is Business Valuation? Why & When You Need One

GCF Value

Here’s a quick rundown of what you need to know about valuation, and the process you might expect to encounter in order to get one. Gift and estate tax returns that include a well-supported and documented valuation will help defend the value of the business to taxing authorities. Questions about valuing your business?

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Understanding Business Valuation: Why & When You Need One

GCF Value

Here’s a quick rundown of what you need to know about valuation, and the process you might expect to encounter in order to get one. For a closely held business, the valuation plays an important role for purposes that include – but are not limited to – business planning, determination of tax liability, and listing a business for sale.

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Accounting Practice Exit and Succession Planning – A Missed Opportunity?

Gergory Caruso

Fortunately for them most accounting practices perform bookkeeping, audit and/or tax work which is reoccurring and therefore has value. If you would like assistance with a valuation of your business or help in structuring a plan please contact us. Ask them questions about what they will be looking for. But it does not.