Articles - O'Sullivan Creel

Beware The Out-Of-State Tax Bite - January 15, 2009

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? - November 24, 2008

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?

Healthy Businesses Require Healthy Cash Flows - Sept. 2, 2008

by: Terry Andre, Senior Director

Think of cash flow as the blood of your company. Just as the human body needs blood to flow freely through its arteries, a business must have a healthy cash flow to survive and thrive. To keep your business off life support and boost its cash flow, read the article below.

Figure Taxes Into the Equation When Buying or Selling a Business - August 5, 2008

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.

Watch Out For Fringe Benefits - July 1, 2008

by: Ilona Borish, Partner

For many businesses, fringe benefits are an important tool for rewarding executives and other valued workers. And many benefits receive tax-favored treatment, which helps both employers and employees.

Windfall Strategy: Planning for Higher Income Years - June 4, 2008

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 - May 14, 2008

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.