Employer-Provided Disaster Relief & COVID-19

Amid the COVID-19 pandemic, many employers are looking for tax-advantaged ways to help their employees with additional expenses incurred as a result of the pandemic. Section 139 of the Internal Revenue Code provides the answer. On March 13, 2020, President Trump declared COVID-19 a national disaster under the Robert T. Stafford Disaster Relief and Emergency[ … ]

Taking a Proactive Approach to Fraud

What is your business worth to you? The answer to that question is often much more complex than a number. There’s the time, dedication and hard work that you’ve undoubtedly expended toward building your company. Though, monetary value may not be the only measurement you use to quantify your success, there may be others within[ … ]

Tax Considerations: Claiming a Child After Divorce

Often in divorce, a court order stipulates which parent may claim a child or children on their taxes. This can also be used as a bargaining chip for either party when negotiating an agreement. But, what does the Internal Revenue Service (IRS) say about who can claim a child? While a local court may stipulate[ … ]

Josephine Giordano to speak at the National Cannabis Business Symposium

Josephine Giordano, a Director in BeachFleischman’s Financial Forensics and Business Valuation Services Group, will be giving two presentations at the National Cannabis Business Symposium on October 26-27. She will present on the topics of “Dealing with Disruption After COVID-19” and an “Arizona Update: Growth on the Horizon.” Ms. Giordano is the Chairperson of the Arizona[ … ]

Distressed Businesses: Overcoming Obstacles in the Road to Recovery

The Arizona economy and our local businesses are suffering significant distress in these uncertain times. A business’ going concern premise is compromised as growth and cashflows decline and risk increases. Financial distress is a condition in which a company or individual cannot generate revenue or income resulting in challenges in paying its financial obligations. This[ … ]

Death and Taxes vs. Preserving Wealth – The Final Exit Planning Contest

Full disclosure: Wealth preservation planning can’t help any of us cheat death, but it can help business owners to avoid taxes and achieve financial security. Read on. The ideal Exit Plan (one that provides the business exit you desire) includes a strategy to help you preserve your hard-earned wealth from unnecessary taxation when it is[ … ]