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Rollovers as Business Start-Ups (ROBS): Compliance and Risks

by Michael Hogberg EA | Jul 17, 2024 | Expert Analysis, Federal Tax, Updates

In the world of entrepreneurship, finding ways to fund a new business venture can be challenging. One strategy some individuals consider is the “Rollover as Business Start-up” (ROBS) arrangement. This method allows prospective business owners to use...

Case Study: Bad Bookkeeping Leads to Federal Prison

by Michael Hogberg EA | Aug 1, 2023 | Enforcement Updates, Expert Analysis, Federal Tax

Ascendancy is committed to providing expert tax planning and compliance services to businesses across various industries. In this case study, we shed light on a real-life scenario that emphasizes the importance of accurate bookkeeping and the consequences of...

Iowa Construction Firm Owner Pleads Guilty to Tax Evasion

by Michael Hogberg EA | Nov 16, 2022 | Expert Analysis

Wednesday, November 16, 2022 Did Not Pay Over $1 Million in Payroll Taxes Withheld from Employees The owner of a Sergeant Bluff, Iowa, construction firm pleaded guilty today to tax evasion for evading payment of his company’s employment taxes. According to court...

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by Michael Hogberg EA | May 25, 2022 | Expert Analysis

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The information provided on this website is for general informational purposes only and should not be construed as legal, tax, accounting, or professional advice. Every individual’s tax situation is unique, and you should consult with a qualified tax professional before making any decisions based on the information provided on this site. While we strive to ensure that the information presented is accurate and up-to-date, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability of the information, products, or services on this website. Any reliance you place on such information is therefore strictly at your own risk. We are not responsible for any errors or omissions, or for the results obtained from the use of this information. For personalized advice and consultation, please schedule an appointment with one of our qualified tax professionals.

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