What Do Your Financial Statements Say

Financial statements tell your business’s story, inside and out Ask many entrepreneurs and small business owners to show you their financial statements and they’ll likely open a laptop and show you their bookkeeping software. Although tracking financial transactions is critical, spreadsheets aren’t financial statements. In short, financial statements are detailed and carefully organized reports about…

Develop Your Succession Plan Now

Using knowledge management to develop your succession plan As the old saying goes, “Knowledge is power.” This certainly rings true for succession planning in business, as those who best understand their industries and markets tend to have a knack for staying on top. If that person is a company’s owner, however, great knowledge can turn…

Include a business valuation in your buy-sell agreement

A buy-sell agreement is critically important for businesses with more than one owner. It protects the owners and the business when expected and unexpected changes occur. When creating or updating your business valuation, be sure to include a process for valuing your business. Emotions can cloud perceptions Emotions tend to run high and cloud perceptions…

2018 Q4 tax calendar: Tax Deadlines for businesses and other employers

Check these key tax-related deadlines affecting businesses and other employers during the fourth quarter of 2018. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. Contact us at 216-831-7171 or email here to ensure you’re meeting all applicable deadlines and to learn more about the filing…

IT Tips

It may be time for your company to create a strategic IT plan It is understandable why many companies have taken an ad hoc approach to technology. A usual scenario is that as business needs developed and technology provided the best solutions, automation was implemented without creating an overall, company-wide plan. As a result, many…