Whether your business is the law, or a business with accounting or asset protection needs, our business has been “Solving clients’ problems" since 1977.

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Keeping Two Sets of Books Could Lead to Prison

  • 19 April 2017
  • Author: Alexander Carr
  • Number of views: 493
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Keeping Two Sets of Books Could Lead to Prison

Most businesses normally keep only one set of books, usually maintained to present financial statements to stakeholders (shareholders, financial institutions or government regulators such as the IRS and SEC). Their CPAs, whether internal or from an outside firm make “tax adjustments” to convert “book income” to “taxable income” and then complete the appropriate forms notifying the IRS of the differences. However, if a business has two sets of books, the IRS becomes very skeptical very quickly. 

The CEO Exodus (And What It Means for Your Retirement)

  • 11 April 2017
  • Author: Alexander Carr
  • Number of views: 541
  • 0 Comments
The CEO Exodus (And What It Means for Your Retirement)
Out of 74.9 million baby boomers, many are actively transitioning out of the business world right now either by retiring, selling their businesses, or taking alternative employment such as consulting. The number of small businesses for sale nationwide is at a six-year high and it’s not expected to decrease soon. Nearly 7 out of every 10 business owners

want to retire in the next 10 years. Many of these business men and women have moderate retirement funds set aside except for one elite group of CEOs who are set for life.

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