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…
Make Budgeting Part of Your New Year’s Resolution
Make a budget now It’s important to resist the temptation to rely on gut instinct or take shortcuts when budgeting for 2018. Creating a solid budget that’s based on the…
Cash Balance Plans
More professional practices (and practice groups) should look into Cash Balance Plans. Provided by Dane A. Wilson, Wealth Management Advisor In corporate America, pension plans are fading away: 59% of…
Bonus Depreciation and the TCJA
The TCJA temporarily expands bonus depreciation The Tax Cuts and Jobs Act (TCJA) enhances some tax breaks for businesses while reducing or eliminating others. One break it enhances — temporarily…
Time for Strategic Planning
You must find time for strategic planning As a business owner, you know that it’s easy to spend nearly every working hour on the multitude of day-to-day tasks and crises…
2018 Q1 Tax Calendar
Key tax deadlines for businesses and other employers Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2018. Keep in mind…
Tax and Year-end Charitable Giving in 2017
What you need to know about year-end charitable giving in 2017 Charitable giving can be a powerful tax-saving strategy: Donations to qualified charities are generally fully deductible, and you have…