Tax Document Retention for Your Business
Tax document retention guidelines for businesses Your taxes are filed. But the office and computer files are bulging with all the records you’ve accumulated throughout the year and the…
Selling your business?
Selling your business? This checklist will help. Business owners retiring or selling their businesses engage a wide range of succession planning methods varying from simple, selling and walking away, to…
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…
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…
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…
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…
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…
Do your financial statements contain hidden messages?
Do you “Read” your financial statements? Over time, many business owners develop a sixth sense: They learn how to “read” a financial statement by computing financial ratios and comparing them…