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Protecting Yourself Against Employee Risk Image
Protecting Yourself Against Employee Risk

Reducing employee risk plays a vital part in planning your business's future success and growth for the company....

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10/20/2021
Debate Continues in Congress Over Proposed Tax Changes Image
Debate Continues in Congress Over Proposed Tax Changes

The fate of the Build Back Better Act and the Bipartisan Infrastructure Bill remains uncertain as Congress continues ...

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10/14/2021
Why Communication Is Essential to Successful Planning Image
Why Communication Is Essential to Successful Planning

Let's talk about the importance of communicating your business plans to those who can help you achieve them.

...

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10/6/2021
M&A Transactions: Be Careful When Reporting to the IRS Image
M&A Transactions: Be Careful When Reporting to the IRS

Have you bought or sold business assets in an M&A deal in 2021 or are in the process of a transaction? If so, you...

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9/30/2021
Tax Depreciation Rules for Business Automobiles Image
Tax Depreciation Rules for Business Automobiles

Claiming depreciation deductions for a passenger automobile can involve complex calculations. Here are the basic rule...

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9/23/2021
What’s the Point of Asset Protection? Image
What’s the Point of Asset Protection?

As a successful business owner, it's essential to know the reason behind why you're protecting your business and...

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9/22/2021
Disasters and Your Taxes: What You Need to Know Image
Disasters and Your Taxes: What You Need to Know

Have you been affected by one of the many natural disasters that have occurred this year? Tax relief may be available...

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9/20/2021
Claiming a Theft Loss Deduction if Your Business Is the Victim of Embezzlement Image
Claiming a Theft Loss Deduction if Your Business Is the Victim of Embezzlement

If your business is victimized by theft, embezzlement or internal fraud, you may be able to claim a tax deduction for...

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9/10/2021
How Your Employees’ Motivations Can Affect Your Business Planning Image
How Your Employees’ Motivations Can Affect Your Business Planning

Creating incentives for key employees to support your business long-term can be a great benefit to planning the futur...

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9/8/2021
Want to Find Out What IRS Auditors Know About Your Business Industry? Image
Want to Find Out What IRS Auditors Know About Your Business Industry?

If you own or operate a business, you may not know that the IRS has “Audit Techniques Guides” for certain...

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9/2/2021
Getting a Divorce? Be Aware of Tax Implications if You Own a Business Image
Getting a Divorce? Be Aware of Tax Implications if You Own a Business

Divorce may have tax implications for the spouses involved, especially if one or both of them owns a business. Here a...

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8/26/2021
Possible Tax Consequences of Guaranteeing a Loan to Your Corporation Image
Possible Tax Consequences of Guaranteeing a Loan to Your Corporation

If your corporation defaults on a loan that you guarantee, you don’t want to be blindsided by the tax implicati...

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8/19/2021
Strength From Within: How Preparing Employees for Ownership Can Strengthen Your Business Image
Strength From Within: How Preparing Employees for Ownership Can Strengthen Your Business

When determining the future of your business, preparing key employees for a potential stake in ownership can position...

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8/17/2021
Large Cash Transactions With Your Business Must Be Reported to the IRS Image
Large Cash Transactions With Your Business Must Be Reported to the IRS

Certain types of businesses receive large payments of cash. They may be required to report the transactions to the IR...

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8/12/2021
Is an LLC the right choice for your small business? Image
Is an LLC the right choice for your small business?

There are several options for operating your small business. For example, a sole proprietorship, an S corporation or ...

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8/5/2021
Connecting Your Personal Financial Plan and Business Continuity Plan Image
Connecting Your Personal Financial Plan and Business Continuity Plan

Most business owners have a personal financial plan, but let's talk about why connecting that with a business continu...

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8/4/2021
The deductibility of corporate expenses covered by officers or shareholders Image
The deductibility of corporate expenses covered by officers or shareholders

If you spend money personally on behalf of your closely held corporation, you want to make sure either you or the bus...

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7/29/2021
PPP Forgiveness and Repayment: What Businesses Need to Know Now Image
PPP Forgiveness and Repayment: What Businesses Need to Know Now

If you received a PPP loan, important forgiveness deadlines are approaching. Are you ready?

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7/23/2021
Getting a New Business off the Ground: How Start-up Expenses Are Handled on Your Tax Return Image
Getting a New Business off the Ground: How Start-up Expenses Are Handled on Your Tax Return

Business applications have increased over the past year, according to the U.S. Census Bureau. If you’re launchi...

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7/22/2021
Are You Protecting Your Most Valuable Assets? Image
Are You Protecting Your Most Valuable Assets?

With a successful business comes the constant threat of competitors. Let's evaluate what your company's assets are an...

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7/21/2021
Who In Small Business Can Be Hit With The “Trust Fund Recovery Penalty?” Image
Who In Small Business Can Be Hit With The “Trust Fund Recovery Penalty?”

The IRS will impose the “Trust Fund Recovery Penalty” on certain business owners and managers personally ...

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7/15/2021
10 Facts About the Pass-through Deduction for Qualified Business Income Image
10 Facts About the Pass-through Deduction for Qualified Business Income

Owners of “pass-through” businesses can claim a valuable tax deduction that was created by a 2017 law. He...

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7/8/2021
How Agility Can Affect Your Company’s Future Image
How Agility Can Affect Your Company’s Future

Let's take a look at just why agility is such an important skill for business owners to acquire and apply to their bu...

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7/7/2021
Eligible Businesses: Claim the Employee Retention Tax Credit Image
Eligible Businesses: Claim the Employee Retention Tax Credit

If your business hasn’t already claimed the Employee Retention Tax Credit, you should check out if you’re...

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7/1/2021
Traveling For Business Again? What Can You Deduct? Image
Traveling For Business Again? What Can You Deduct?

On the road again for business? Here’s a rundown of costs you can deduct for business travel.

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6/24/2021
2021 Q3 Tax Calendar: Key Deadlines for Businesses and Other Employers Image
2021 Q3 Tax Calendar: Key Deadlines for Businesses and Other Employers

Although you might want to enjoy the lazy days of summer, employers and businesses should be careful not to miss thes...

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6/17/2021
Retaining Key Employees: One Size Doesn’t Fit All Image
Retaining Key Employees: One Size Doesn’t Fit All

A company's key employees play an essential role in maintaining business success. So, what can you do in order to kee...

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6/16/2021
Recordkeeping DOs and DON’Ts for Business Meal and Vehicle Expenses Image
Recordkeeping DOs and DON’Ts for Business Meal and Vehicle Expenses

"Recordkeeping DOs and DON’Ts for Business Meal and Vehicle Expenses" | Keeping meticulous business record...

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6/10/2021
Hiring Your Minor Children This Summer? Reap Tax and Nontax Benefits Image
Hiring Your Minor Children This Summer? Reap Tax and Nontax Benefits

Are you a business owner with teenage or college-age children who constantly need cash? You may want to hire them to ...

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6/3/2021
Guiding Your Wealth to Where You Want It to Go Image
Guiding Your Wealth to Where You Want It to Go

You may know where you want your money to go when you die, but let's take a look at how to plan and strategize your w...

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6/2/2021
The IRS has Announced 2022 Amounts for Health Savings Accounts Image
The IRS has Announced 2022 Amounts for Health Savings Accounts

Businesses that provide Health Savings Accounts to employees know they have a variety of benefits. Here are a few of ...

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5/27/2021
5 Ways to Address Deal Killers Before They Kill Your Deal Image
5 Ways to Address Deal Killers Before They Kill Your Deal

When setting your business up for success, it's important to be able to identify deals that may hurt your company's f...

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5/25/2021
Help Ensure the IRS Doesn’t Reclassify Independent Contractors as Employees Image
Help Ensure the IRS Doesn’t Reclassify Independent Contractors as Employees

Employee or independent contractor? That’s the question businesses ask when they bring on certain workers. Here...

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5/13/2021
Providing Education Assistance to Employees? Follow These Rules Image
Providing Education Assistance to Employees? Follow These Rules

Some employers offer educational assistance plans as a recruitment and retention tool. Here are the rules to help ens...

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5/6/2021
Claiming the Business Energy Credit for Using Alternative Energy Image
Claiming the Business Energy Credit for Using Alternative Energy

There’s a great deal of interest in alternative energy technologies today. If your business invests in certain ...

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4/29/2021
5 Aspects of Strong Goals and the Consequences of Missing Them Image
5 Aspects of Strong Goals and the Consequences of Missing Them

Setting goals is an important part of business planning. In order to set strong goals for your business, let's take a...

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4/21/2021
Tax Advantages of Hiring Your Child at Your Small Business Image
Tax Advantages of Hiring Your Child at Your Small Business

Thinking about hiring your teenager to work in your business? There can be significant tax benefits.

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4/8/2021
There’s More to Business Than Money: Values-Based Goals Image
There’s More to Business Than Money: Values-Based Goals

Money is only one part of what makes a business owner successful. Value-based goals are just as vital to running a bu...

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4/7/2021
PPP Application Deadline Extended Image
PPP Application Deadline Extended

Eligible businesses affected by the COVID-19 pandemic now have until May 31 to apply for a PPP loan. Here’s the...

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4/1/2021
Making the most of the Employee Retention Credit Image
Making the most of the Employee Retention Credit

The Employee Retention Credit (ERC), which was created to encourage employers to keep their workforces intact during ...

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3/19/2021
The Magic Behind Writing Your Plans Down Image
The Magic Behind Writing Your Plans Down

Business owners put years, if not decades, into planning the success of their business. However, rarely do they have ...

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3/17/2021
Assessing and Mitigating Key Person Risks Image
Assessing and Mitigating Key Person Risks

Is the success of your business tied to certain “key” people? Many startups, professional service firms a...

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3/16/2021
If You Run a Business From Home, You Could Qualify for Home Office Deductions Image
If You Run a Business From Home, You Could Qualify for Home Office Deductions

Business owners may be able to save tax with home office deductions. If you’re working from home (like lots of ...

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3/11/2021
What Are the Tax Implications of Buying or Selling a Business? Image
What Are the Tax Implications of Buying or Selling a Business?

Buying or selling a business may be the largest transaction you’ll ever make. Pay attention to taxes. After a d...

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3/4/2021
Walk Before You Run: Phased Planning Image
Walk Before You Run: Phased Planning

It's important for business owners to plan for a successful future without their business. Here's the story...

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3/3/2021
Don’t Make Decisions Without Data Analytics Image
Don’t Make Decisions Without Data Analytics

Data analytics can help your nonprofit validate trends, uncover root causes and improve transparency. But before you ...

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3/2/2021
Many Tax Amounts Affecting Businesses Have Increased for 2021 Image
Many Tax Amounts Affecting Businesses Have Increased for 2021

How much do your employees have to earn in 2021 before they can stop paying Social Security tax? How much can they co...

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2/25/2021
Red Flags of Deadbeat Debtors Image
Red Flags of Deadbeat Debtors

Do you know the warning signs of delinquent payments? Being proactive helps protect your cash flow and profits.

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2/24/2021
Nonprofits: Get the Word Out In 2021 Image
Nonprofits: Get the Word Out In 2021

It’s not enough to maintain your current supporter base. You also need to grow it. Here are five tips for attra...

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2/23/2021
The Cents-per-Mile Rate for Business Miles Decreases Again for 2021 Image
The Cents-per-Mile Rate for Business Miles Decreases Again for 2021

The price of gas is down from a year ago. How does this affect the amount your business can deduct for business drivi...

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2/18/2021
How well do your nonprofit’s development and accounting departments communicate? Image
How well do your nonprofit’s development and accounting departments communicate?

Whether your nonprofit has only a handful, or hundreds, of staffers, communication can easily break down. Here’...

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2/17/2021
Poor Planning, Big Problems: The Tale of Tom Poor Image
Poor Planning, Big Problems: The Tale of Tom Poor

Business owners put years of planning and preparation into making their businesses successful. However, have you...

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2/17/2021
ICFR Assessment and Attestation: Are You In Compliance with the Rules? Image
ICFR Assessment and Attestation: Are You In Compliance with the Rules?

How strong are your company’s internal controls? Public companies must answer this question annually, and priva...

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2/10/2021
PPP Loans Have Reopened: Let’s Review the Tax Consequences Image
PPP Loans Have Reopened: Let’s Review the Tax Consequences

Businesses that have been hit hard by the COVID-19 may be able to obtain help with PPP loans. Here are the basic rule...

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2/4/2021
Change Is OK: How Planning Makes You Focused and Flexible Image
Change Is OK: How Planning Makes You Focused and Flexible

Focused business planning is essential in order to succeed in a world that is constantly changing and encouraging us ...

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2/3/2021
New Law Doubles Business Meal Deductions and Makes Favorable PPP Loan Changes Image
New Law Doubles Business Meal Deductions and Makes Favorable PPP Loan Changes

Businesses received several favorable tax breaks in the COVID-19 relief bill that was recently signed into law. Here ...

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1/21/2021
The Benefits and Challenges of a Third-Party Sale Image
The Benefits and Challenges of a Third-Party Sale

As a business owner, when you go to sell your business, you may be looking at a long list of candidates. One of your ...

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1/20/2021
Is a Family Transfer Right for Your Business? Image
Is a Family Transfer Right for Your Business?

There are many benefits, as well as challenges, to transferring the ownership of your business to someone in your fam...

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1/6/2021
The QBI deduction basics and a year-end tax tip that might help you qualify Image
The QBI deduction basics and a year-end tax tip that might help you qualify

Some taxpayers may be able to achieve significant savings with the QBI deduction by taking certain steps at year end....

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12/23/2020
Cutoffs: What Counts in 2020 vs. 2021 Image
Cutoffs: What Counts in 2020 vs. 2021

Accounting is time-sensitive. Here’s a primer on cutoffs for reporting revenue and expenses to help companies t...

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12/9/2020
Health Savings Accounts For Your Small Business Image
Health Savings Accounts For Your Small Business

Health Savings Accounts offer a way to set aside money on a pre-tax basis to pay for qualified medical expenses. Here...

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12/3/2020
Keep Your Family Intact with Proper Estate Planning Image
Keep Your Family Intact with Proper Estate Planning

It can be difficult to consider what will happen to your business and your family if you die unexpectedly. This ...

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12/2/2020
Principles to Guide Your Nonprofit’s Relationship with Donors Image
Principles to Guide Your Nonprofit’s Relationship with Donors

The Donor Bill of Rights still offers solid principles for the care and handling of your nonprofit’s donors. Bu...

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12/1/2020
New Business? It’s a Good Time to Start a Retirement Plan Image
New Business? It’s a Good Time to Start a Retirement Plan

Entrepreneurs: Don’t ignore saving for retirement. Here are the basics of tax-favored plans to help build your ...

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11/25/2020
Smart Nonprofit Leaders Know How to Delegate Image
Smart Nonprofit Leaders Know How to Delegate

Good delegation is essential to running your nonprofit efficiently and cost-effectively. Here’s how to choose t...

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11/24/2020
Don't Let Your Key Employees Jump Ship Image
Don't Let Your Key Employees Jump Ship

Next-level management teams are the drivers behind building business value, but how can you and your advisors attract...

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11/18/2020
How Much Insurance Does Your Nonprofit Need to Mitigate Risk? Image
How Much Insurance Does Your Nonprofit Need to Mitigate Risk?

Insurance is the cornerstone of your risk management program. Fortunately, it can be affordable because most nonprofi...

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11/17/2020
If You Don’t Uncover the Skeletons in Your Closet, Your Buyer Will Image
If You Don’t Uncover the Skeletons in Your Closet, Your Buyer Will

What is due diligence and why is it important when it comes to selling your business? Find out more...

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11/5/2020
Year-End Tax Planning for 2021 Image
Year-End Tax Planning for 2021

We asked our tax professionals for a few suggestions on how to get organized and prepare for 2021. Here they are...

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11/3/2020
Ingredients to Jumpstart the Planning Process Image
Ingredients to Jumpstart the Planning Process

When deciding to exit your business, you will need a proven process in place to ensure you have covered all the bases...

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10/21/2020
The Process of Selling Your Business Has Already Begun Image
The Process of Selling Your Business Has Already Begun

Every action you take during the life of your business has an impact on your departure down the road. Learn more ...

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10/7/2020
Collective Impact Initiatives: All for One and One for All Image
Collective Impact Initiatives: All for One and One for All

Before your nonprofit joins a collective impact initiative, review five typical requirements; it could mean the diffe...

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10/6/2020
Business Website Costs for Tax Purposes Image
Business Website Costs for Tax Purposes

Your business likely has a website. How do you treat the costs involved in developing your site for tax purposes? Her...

Private Foundations Need Strong Conflict-of-Interest Policies Image
Private Foundations Need Strong Conflict-of-Interest Policies

Even if your private foundation has good intentions, it may not be enough. You need a conflict-of-interest policy to ...

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9/21/2020
Not All Strategies Are Created Equal Image
Not All Strategies Are Created Equal

Know the difference between Succession Planning, Exit Planning and Business Planning and how to best execute each.

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9/16/2020
Reporting Discontinued Operations Today Image
Reporting Discontinued Operations Today

Many businesses have undergone strategic shifts during the pandemic. Here’s how to determine whether that chang...

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9/15/2020
Financial Dashboards Can Steer Your Nonprofit Towards Financial Success Image
Financial Dashboards Can Steer Your Nonprofit Towards Financial Success

Financial dashboards help nonprofit leaders make decisions by providing clear visualizations of key metrics. Here is ...

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9/10/2020
Find Your Best Path to the Future Image
Find Your Best Path to the Future

Follow these steps to develop a clear picture of how to transition your business to the successor you choose. 

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9/3/2020
3 Steps to
3 Steps to "Stress Test" Your Business

Under stress? Here’s how you can spot vulnerabilities and prevent your business from being blindsided in crisis...

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8/27/2020
Should Your Nonprofit Accept That New Grant? Image
Should Your Nonprofit Accept That New Grant?

Government or foundation grants can help your nonprofit, but they could hamstring your organization. Learn more....

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8/26/2020
Funding a Sale to “Insiders” Image
Funding a Sale to “Insiders”

Business owners often consider “insiders” as viable successors. Can this be a fatal flaw in planning...

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8/19/2020
How to Codify Your Nonprofit's Ethics Image
How to Codify Your Nonprofit's Ethics

Nonprofits that enforce a "code of ethical conduct" are associated with 50% lower fraud losses. Get started here...

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8/18/2020
Forecasting Financial Results for a Start-Up Business Image
Forecasting Financial Results for a Start-Up Business

Today’s markets are unpredictable, but changing conditions can open new business opportunities.

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8/13/2020
File Cash Transaction Reports for Your Business - On Paper or Electronically Image
File Cash Transaction Reports for Your Business - On Paper or Electronically

If your business receives large cash or cash equivalent payments, you may have to report them to the IRS. 

Read More »
8/12/2020
Rethinking Cash Flow Image
Rethinking Cash Flow

Since you can’t escape the impact of cash flow, you might as well take it head on, right?

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8/6/2020
Reporting CAMs in the COVID-19 Era Image
Reporting CAMs in the COVID-19 Era

How the pandemic could add a new layer of complexity to the new-and-improved auditor’s report. 

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8/3/2020
Drive Success with Dashboard Reports Image
Drive Success with Dashboard Reports

Is your business running like a fine-tuned machine? Dashboard reports can help you quickly recognize problems and eme...

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7/29/2020
Reporting Embedded Leases Image
Reporting Embedded Leases

Beware: Your supply and service contracts may contain hidden surprises known as “embedded” leases.

Read More »
7/15/2020
Steer Clear of the Trust Fund Recovery Penalty Image
Steer Clear of the Trust Fund Recovery Penalty

The “Trust Fund Recovery Penalty” is among the more dangerous tax penalties facing business owners and ma...

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7/6/2020
Where Transferable Value Comes From

One of the most important elements of a successful business transition is transferable value. No matter what an owner...

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6/18/2020
Realistic Timelines

Global economic disruption uniquely affects each business.

CARES Act: Tax Provisions for Businesses Image
CARES Act: Tax Provisions for Businesses

CARES Act - Tax Provisions for Businesses

Preparing Your Company for Possibly Disruption Due to the Coronavirus Image
Preparing Your Company for Possibly Disruption Due to the Coronavirus

There is a lot of information, and misinformation, being shared about Covid-19. With the continued spread of the viru...

Fairness and Equity Among Family Members Image
Fairness and Equity Among Family Members

Owning a successful business can complicate family relations, especially when it comes to family finances. With ...

3 Things That Can Build Future Business Value

What can you do to help yourself overcome growth plateaus?

Concrete Data to help with “The Art of the Deal”

Do you have the information you need to negotiate for your business?

Read More »
2/8/2019
How Business Owners Are Approaching Their Futures

Take a moment to consider the long-term future of your business.

THE TAX CUTS AND JOBS ACT: 30 Ways The Act May Affect You And Your Business

A summary of the most widely applicable points of the tax reform passed in December 2017.

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1/19/2018
THE TAX CUTS AND JOBS ACT: Changes to Business Taxation

Part 3 of 3: A summary of the most widely applicable points of the tax reform passed in December 2017.

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1/19/2018
How Do I Sell Thee? Let Me Count the Ways

It’s been said that the best time to plant a tree is 20 years ago — or today. The same applies to your bu...

Does Your Organization Have Unrelated Business Income?

Even though an organization is recognized as tax-exempt, it still may be liable for tax on its unrelated business tax...

Understanding Small Business Certification Image
Understanding Small Business Certification

As companies vie for their share of federal funds in a competitive market, many are weighing the benefits of a small ...

Due Diligence: How to Avoid Surprises When Acquiring a Manufacturing Company

Due diligence is one of the most critical stages in the process of purchasing a business. Some buyers incorrectly ass...

What Will Happen To Your Business When You Leave?

We understand that business owners are so busy addressing today’s economic challenges that they can overlook th...

Set A Fair Price To Sell Your Share Of The Business

If, emulating Jack Nicholson and Morgan Freeman, you hope to climb the Pyramids and hit the tables in Monte Carlo whe...

‘Look-Through’ Lowdown

We all know how important it is to understand how tax laws affect the day to day operations of a construction busines...