Home Business? Qualify for Deductions!
If you run a business from home, you could qualify for home office deductions During the COVID-19 pandemic, many people are working from home. If you’re self-employed and run your…
Restructuring your Company Debt
Restructuring Debt. Should my distressed company consider it? Many businesses have experienced severe cash flow problems during the COVID-19 pandemic. As a result, some may have delayed or missed loan…
Footnote disclosures: The story behind the numbers
Footnote disclosures basics The footnotes to your company’s financial statements give investors and lenders insight into account balances, accounting practices and potential risk factors — knowledge that’s vital to making…
Corporation choice: Should you convert from a C to an S?
Should you convert from a C to an S corporation? The best choice of entity can affect your business in several ways, including the amount of your tax bill. In…
Small businesses: Cash in on depreciation tax savers
Depreciation for Your Business As we approach the end of the year, it’s a good time to think about whether your business needs to buy business equipment and other depreciable…
Inventory Management is Especially Important This Year
The importance of sound inventory management As year-end draws near, many businesses will be not only be generating their fourth quarter financial statements. But also looking back on the entire…
Risk Management and Your Business
How effectively does your business manage risk? From natural disasters and government shutdowns to cyberattacks and fraud. Risks abound in today’s volatile, uncertain marketplace. While some level of risk is…
Your Disaster Response Plan in 2020
Reviewing your disaster response plan in a tumultuous year It’s been a year like no other. The sudden impact of the COVID-19 pandemic in March forced every business owner —…
Prioritize Customer Service Now More Than Ever
Prioritize customer service now more than ever How do you customer service? You’d be hard-pressed to find a business that doesn’t value its customers, but tough times put many things…
Complex Accounting Rules During COVID-19
Accounting Rules and How to Report COVID-19-related Debt Restructuring Today, many banks are working with struggling borrowers on loan modifications. As recent guidance from the Financial Accounting Standards Board (FASB)…