AOL

Deferred Tax Assets vs. Deferred Tax Liabilities: What's the Difference?

When it comes to a company’s taxes, there are two important categories to understand: assets and liabilities. Tax liability is anything that a person or company owes taxes on, such as income or ...
AOL

Small business tax liabilities: Common pitfalls and the cost of noncompliance in 2026

The fiscal landscape of 2025 was defined by the One Big Beautiful Bill Act (OBBBA). It solidifies a number of the tax cuts introduced in 2017, in addition to including a number of previously absent ...
JD Supra

Guarantor Liability: Assignment of Note Doesn’t Automatically Assign Guaranty Too

Obligations reduced to a promissory note are often accompanied by a written guaranty. The law treats the guaranty as an independent obligation. A case recently decided by California’s First District ...
Law

Tax Liability Insurance—Protecting Against Tax Risks in M&A Transactions

Tax liability insurance is a bespoke insurance product designed to protect businesses from financial losses that arise when a tax authority disputes a company’s tax position. These disputes may arise ...
Entrepreneur

5 Effective and Legal Strategies to Reduce Your Tax Liability This Year — and Unlock Big Savings

New tax law changes bring significant green energy credits and enhancements to the SECURE Act, allowing more robust retirement contributions. Entrepreneurs can reduce tax liability with strategies ...