Archive for Category: Business

Financial Planning for Real Estate Development Projects: Key Considerations

Financial Planning for Real Estate Development Projects: Key Considerations Embarking on a real estate development project is a strategic move that demands careful financial planning. At MKS&H, we recognize the complexities involved in managing the financial aspects of such projects. In this comprehensive guide, we’ll outline the essential financial...

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Strategic Tax Planning for Small Businesses

Embarking on the journey of strategic tax planning is a crucial step for small businesses looking to solidify their financial success. Here at MKS&H, we approach this endeavor with a friendly and professional touch. Our exploration of diverse tax planning techniques is centered on empowering businesses like yours to...

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Understanding Transfer Pricing in International Tax Planning

In the complex landscape of international business, transfer pricing plays a pivotal role in determining the taxable profits of entities operating across borders. As businesses expand globally, it becomes imperative to comprehend the intricacies of transfer pricing to ensure compliance with tax regulations and optimize tax outcomes. Transfer Pricing...

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Beneficial Ownership Reporting Requirement to Begin January 1, 2024

Starting in 2024, the Financial Crimes Enforcement Network (FinCEN) Beneficial Ownership Information (BOI) may require you to disclose information about your company’s ownership. This reporting requirement applies to both newly formed and existing entities unless your company meets a specific exemption. The penalties for non-compliance can be significant so...

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Everything You Need to Know About Transfer Pricing

Transfer pricing is a crucial aspect of international business that can significantly impact a company’s financial performance and compliance. In a globalized economy, where companies operate across borders, understanding transfer pricing is essential for both business leaders and financial professionals. Let’s dive into the intricacies of transfer pricing and...

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The Power of Budgeting in Your Business

In the fast-paced world of business, growth is often the ultimate goal. Whether you’re a startup or an established company, navigating the path to expansion requires careful planning and strategic decision-making. One powerful tool that can pave the way for sustainable growth is a well-crafted budget. Let’s explore how...

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LLC vs. S Corp for Tax Purposes

When it comes to structuring your business, the choice between forming a Limited Liability Company (LLC) or an S Corporation (S Corp) can significantly impact your tax liabilities. Both entities offer distinct advantages and disadvantages, making it crucial to understand the tax implications before making a decision. The Basics:...

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