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Different Ways to Value a Business

When it comes to valuing a business, there are many ways to examine a company’s profitability. Looking at a business’ liquidation value and its breakup value are two of many approaches to see how a company is functioning and how it might...

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The IRS Versus the Taxpayer

The IRS Versus the Taxpayer

According to the IRS, not only is your ignorance no excuse but so is that of your tax preparer. In other words, the fact that your tax preparer made a mistake is no excuse and will not absolve you from compliance penalties. Unfortunately, the...

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No-Heir Estate Planning

No-Heir Estate Planning

Even if you have no heirs, you should have an estate plan. Otherwise, the state will determine the fate of your worldly possessions. If you pass away “intestate” (without a will), the state can even keep all of your assets for itself...

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Financial Accounting Overview

Financial Accounting Overview

Released once a month, every quarter, or once per year, an income statement reports revenue, expenses, and net earnings or losses of a company for a given period. A company’s net revenue is calculated by subtracting allowances for...

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