Canceled Debt – Is it Taxable or Not?

Canceled Debt – Is it Taxable or Not?

Canceled Debt – Is It Taxable or Not? If you borrow money and are legally obligated to repay a fixed or determinable amount at a future date, you have a debt. You may be personally liable for a debt or may own a property that is subject to a debt. If your debt is...

The Press of Atlantic City Features Capaldi Reynolds & Pelosi

As published in The Press of Atlantic City – posted here with permission. See original article. Author: Martin DeAngelis Capaldi Reynolds & Pelosi is a mature institution, an 80-year-old accounting firm whose chairman, Bob Reynolds, has been with the...
Business Health Checkup: Pre-tax Net Income

Business Health Checkup: Pre-tax Net Income

Authors: David Wagstaff and Calvin Longer  Periodically we will highlight a ratio or benchmark and talk about how you can use these to better understand your business. The disclaimer: Benchmarks and ratios, blindly applied, can be dangerous. Benchmarks can be useful...