Understand that wealth transition and succession planning were always complicated processes, and COVID-19 has not done anyone any favors. No matter what, you need to recognize that this is an inherently specific process: so much is impacted by your own unique circumstances and the facts surrounding your organization. Likewise, your end goals will play an important role in the decisions you make, along with how they may have changed in the last few months.
Do you know the most common accounting problems killing small business growth today? Are you a small business owner? Do you want your organization to do far more than survive? Do you want your small business to thrive? The most common accounting problems killing small business growth are actually obvious. Unfortunately, many business owners overlook important […]
After Tax Reform, you know The Tax Cuts and Jobs Act, well, it has left many of today’s businesses with big questions. Incorporation remains a hot topic, but this law is shaking things up. It’s quick to assume your company should be one or the other, but without careful consideration of the facts, your organization may end up facing financial loss, hefty tax penalties or missed tax savings.
How To Avoid Most Common Accounting Mistakes These most common accounting mistakes for a new business are important to recognize early. Most small business owners are an expert in their field, but not necessarily in the accounting aspects of building a business. And, with this comes a few common mistakes. Yet, even simple small business […]
How does the Home Office Tax Deduction affect you? Did you know that the home office tax deduction applies to the business use of a home, and that the space itself may not actually be an office? This category also includes using part of a home for storing inventory. An example is a wholesale or […]
What Makes a Great CEO You Wonder? Do you want proof that quality company leadership is critical to an organization’s success? After all, what makes a great CEO? There is no need to look further than the old saying of “People don’t quit their jobs. They quit their leaders.” To that end, being an efficient […]