Solving Alphabet Soup
Small-business questions answered by CPA Hotline

Sometimes setting up a small business becomes a matter of alphabet soup. Do you prefer an S or an
LLC? That's S as in S corporation, and LLC as in
limited liability company.

Federal Tax Record
Recognizing Gain on Contingency Sales

With interest rates rising for much of the past two years, bank financing has become less and less attractive. In order to finance a deal, you must be able to handle the installment sale and, more specifically, the contingency sale.