Articles - O'Sullivan Creel

Beware The Out-Of-State Tax Bite

by: Randall Wells, CPA

It’s not uncommon for companies along the Gulf Coast to conduct business in more than one state. With the current economic troubles leading to ever tightening budgets at the state level, it is not surprising that some cash-strapped states may look at multi-state companies as a source of additional tax dollars. Considering this environment, it is in your company’s best interest to review your interstate activities to ensure you’re in compliance with the states’ various tax laws.

What’s My Company Worth?

by: Marvin Beasley, Partner

A business valuation can give you the answer: As a business owner, you know it’s important to obtain a business valuation in preparation for your retirement. But did you know that appraising your company’s worth has several other important uses?

Figure Taxes Into the Equation When Buying or Selling a Business

by: Jeff DeWeese, Partner

No one ever said it was going to be easy: Buying or selling a company requires plenty of business acumen and due diligence. Not only must you work with the other party — and its accountants and lawyers — but you also have to interpret the facts and figures of the deal.

Windfall Strategy: Planning for Higher Income Years

by: Kevin Leeser, Partner

Professional athletes and entertainers aren’t the only people who experience windfalls. If you’re recognizing large and nonrecurring income from exercising stock options or a payout from a deferred compensation program, you may indeed be in the same boat. In fact, any number of situations can cause your income and marginal tax bracket to be high for a short period and then drop.

How to Stop Bank Deposit Fraud

by: Tammy McGaughy, Partner

It’s a story heard much too often in the business community: Somewhere between the cash register and the bank account, money goes missing.