Sec. 179 Business Tax Savings
Sec. 179 expensing provides small businesses tax savings on 2017 returns — and more savings in the future If you purchased qualifying property by December 31, 2017, you may be…
Charitable Tax Deductions
Size of charitable tax deductions depends on many factors Whether you’re claiming charitable deductions on your 2017 return or planning your donations for 2018, be sure you know how much…
What is job cost reporting?
Custom jobs require ongoing supervision to achieve the best financial results. Whether you’re a general contractor constructing a strip mall, a manufacturer building made-to-order parts or an architect drawing up…
Comprehensive Financial Planning: What It Is, Why It Matters
Your approach to building wealth should be built around your goals & values. Provided by Dane A. Wilson, Wealth Management Advisor Just what is comprehensive financial planning? As you invest…
For-Profit vs. Not-for-Profit
For-profit vs. not-for-profit: Compare and contrast financial reporting goals As the term suggests, for-profit companies are driven primarily by one goal — to maximize profits for their owners. Nonprofits, on…
Inventory Auditing to Help Prevent Fraud
Got multiple locations? Expect auditors to keep a close eye on inventory. Do you remember the high-profile fraud that happened at drugstore chain Phar-Mor in the 1990s? Executives manipulated the…
Unlock hidden cash from your balance sheet
Unlock money to buy assets Need cash in a hurry? Here’s how business owners can look to their balance sheet to improve cash flow. Receivables Many businesses turn first to…
Two tax credits just for small businesses
Two tax credits just for small businesses may reduce your 2017 and 2018 tax bills Tax credits reduce tax liability dollar-for-dollar, potentially making them more valuable than deductions, which reduce…
7 steps to choosing a successor for your family business
Will your family business survive your retirement? There’s an old saying regarding family-owned businesses: “Shirtsleeves to shirtsleeves in three generations.” It means the first-generation owner started in shirtsleeves and built…
Tax Cuts and Jobs Act – Confused?
Personal exemptions and standard deductions and tax credits, oh my! Under the Tax Cuts and Jobs Act (TCJA), individual income tax rates generally go down for 2018 through 2025. But…