Buying a Distressed Business
It’s a unique time for small businesses. The economic ups and downs are creating both winners and losers. If you find yourself on the fortunate side, should you seize the opportunity to expand by buying a distressed business (perhaps even a competitor)? Here are some questions to ask before you act: Why is the business […]
Why Did the IRS Trash 30 Million Paper Returns from 2020?
Ever been so far behind on paperwork or sorting mail that you were tempted to throw it all away and start fresh? That’s what the IRS did with 30 million business taxpayer documents received in 2020. The agency admits an “inability to process backlogs of paper-filed tax returns contributed to management’s decision to destroy an […]
HP’s Painful Employee Fraud Lesson
How did a giant tech company lose $5+ million due to one employee’s act of vendor fraud, and how can small businesses learn from their mistake? A former HP, Inc. (HP) employee recently pleaded guilty to defrauding the company out of more than $5 million related to wire fraud, money laundering, and a related tax […]
We’re One of San Antonio’s Best Places to Work in 2022!
Steven Bankler, CPA, Ltd. has been named to the San Antonio Business Journal’s Best Places to Work and we couldn’t be more thrilled!Winners are based on anonymous employee surveys gauging employee satisfaction in six key areas, such as trust in leadership and communication. “Being included in the Best Places to Work is a massive honor […]
Forensic Accounting Versus Business Valuation
If you rely solely on business valuation in litigation and business deals, you could be missing a critical piece of the puzzle. Forensic accounting can fill in the gaps and reveal a clearer picture. We love how ValuePointe.biz™ Principal and Manager Dwight A. Ensley explains it: “Sometimes clients believe that the business valuator is also […]
When You Can’t Pay Your Federal Taxes
More than half of U.S. taxpayers know that they pay an inaccurate amount of taxes each year. Most overpay and are happy to receive a refund. But since IRS withholding changed in 2019, nearly three in ten tax-filing Americans claim to have received an unusually large tax bill. Business owners and high-income taxpayers are surprised […]