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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Financial statements help managers, lenders and investors evaluate a company’s financial performance. But they tell only part of the story — and they might not reveal financial distress until it’s…
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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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The end of 2024 is rapidly approaching, and you know what that means: You need to fundraise in earnest. According to Double the Donation, 30% of all charitable giving occurs…
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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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