Working Safely: Reopening Concepts
Working Safely: What business owners should consider A widely circulated article about the COVID-19 pandemic, written by author Tomas Pueyo in March. Described efforts to cope with the crisis as…
Does your business have a unique selling proposition?
Your Companies Selling Strengths Many business owners — particularly those who own smaller companies — spend so much time trying to eliminate weaknesses that they never fully capitalize on their…
6 Key IT Questions to Ask in the New Normal
IT and Covid-19 The sudden shutdown of the economy in March because of the COVID-19 pandemic forced many businesses to rely more heavily on IT technology. Some companies fared better…
After you file your tax return: 3 issues to consider
Tax return filed? Now consider these thing The tax filing deadline for 2019 tax returns has been extended until July 15 this year, due to the COVID-19 pandemic. After your…
What qualifies as a “coronavirus-related distribution”?
What qualifies as a “coronavirus-related distribution” from a retirement plan? As you may have heard, the Coronavirus Aid, Relief and Economic Security (CARES) Act allows “qualified” people to take certain…
Covid Questions? Here are Some Answers.
Do you have tax questions related to COVID-19? The COVID-19 pandemic has affected many Americans’ finances. Here are some answers to questions you may have right now. My employer closed…
Good Records and a Trouble-free IRS Audit
Good records are the key to tax deductions and trouble-free IRS audits If you operate a small business, or you’re starting a new one, you probably know you need to…
Financial Statements and Revenue Recognition
Financial statements, revenue recognition, and leases: FASB gives certain entities more time Private companies and most nonprofits were supposed to implement (in their financial statements) updated revenue recognition guidance in…
Accounting and Your Month-End Close
5 accounting steps to streamline the month-end close Many companies struggle to close the books at the end of the month. The month-end close requires accounting personnel to round up…
IRA: A Nonworking Spouse can Still Have One
A nonworking spouse can still have an IRA It’s often difficult for married couples to save as much as they need for retirement when one spouse doesn’t work outside the…