MCB BLOG

As your trusted CPA & Advisor, we keep you informed of the latest tax & accounting news you can use.

Do You Need a Spendthrift Trust?

You create a trust to protect, preserve and pass on your wealth to your heirs. But how do you keep your family money safe, not only from creditors, but also from the heirs themselves? Create a spendthrift trust. A trust is used to disburse in a controlled way money...

Business Valuations: The IRS Angle

Business appraisals or valuations can furnish vital planning information and help mitigate risk. Indeed, business valuations furnish documentation to support new financing, providing the evidence lenders need. An independent evaluation may encourage lenders to offer...

The Dirty Dozen Tax Scams

You may encounter at any time a variety of tax fraud schemes, from simple refund inflation scams to complex tax shelter deals. Here is a list of some of the frauds to be vigilant about: 1. Phishing — Be alert to potential fake emails or websites looking to steal...

Deciphering the Tax Rules for Your Nonprofit

Running a nonprofit is hard work. It also can be rewarding. So it is important to understand the benefits, such as tax-exempt status, when you’re preparing to launch a community, charity, or nonprofit organization. Establishing a tax-exempt nonprofit isn’t easy, and...

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