The pretax (accounting) profit that’s reported on your company’s income statement is an important metric. Lenders, investors and other stakeholders rely on pretax profits to evaluate a company’s financial performance.…
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Employee stock options remain a potentially valuable asset for employees who receive them. For example, many Silicon Valley millionaires got rich (or semi-rich) from exercising stock options when they worked…
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Businesses structured as partnerships, S corporations or limited liability companies generally aren’t subject to the federal corporate income tax. This is because tax liability “passes through” such entities to each business…
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Disclaimer: YHB does not endorse or promote any political agendas. Our goal is to provide our clients with unbiased, factual information that affects them. The outcome of the November 5 election…
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It’s critical for business owners and managers to understand how to present contingent liabilities accurately in the financial statements. Under U.S. Generally Accepted Accounting Principles (GAAP), some contingent losses may…
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As Maryland businesses continue to navigate tax As Maryland businesses continue to navigate tax compliance, the state is introducing an optional tool for managing estimated payments for pass-through entities (PTEs).…
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