November 13, 2024

Business owners: Be sure you’re properly classifying cash flows

Accrual Method of Accounting, Accrual-Basis Taxpayers, Cash Flow, Financial Statements, Small Business, Small Business Owners / Douglas Freeman

Properly prepared financial statements provide a wealth of information about your company. But the operative words there are “properly prepared.” Classifying information accurately isn’t always easy — especially as the business grows and its financial transactions become more complex. Case in point: your statement of cash flows. Customarily, it shows the sources (money entering) and […]

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Unlocking the mystery of taxes on employer-issued nonqualified stock options

(LTCG) Net Long-Term Capital Gain, (NIIT) Net Investment Income Tax, Capital Gains, Capital Losses, Employee Stock Ownership Plans, Employment Tax, Federal Income Tax, Stocks, Tax Planning / Douglas Freeman

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 for start-up companies or fast-growing enterprises. We’ll explain what you need to know about the federal income and employment tax rules for employer-issued nonqualified stock

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