In addition to working with our clients on Tax Planning, we also help with business growth and revenue planning. That means that we frequently see patterns of overlooked business improvement opportunities across a variety of industries. When we do, we try to share them, because they may be helpful to you. One opportunity to start […]
When I talk to most business owners about getting a line of credit or applying for a loan, they typically need access to the money in the very near future, if not immediately. That’s really not the ideal time to be applying for either, and it tells me that there was some business financial planning […]
Every business has customers that pay on time and those that pay after the due date. As the business owner you need to make sure most of your customers pay on time, and have a policy that addresses late payments to encourage payment as soon as possible, to ensure your business remains financially healthy. Ignoring […]
Did you know that the current US Tax Code was written to favor the small businesses? That actually makes sense when you think about it. In 2019, there were 30.7 million small businesses in the U.S. which accounted for 99.9 percent of all U.S. businesses. And this sector created 1.5 million jobs – representing 64 […]
If you’re like most small business owners with employees, you have probably experienced issues with productivity and retaining your best employees. Smaller companies typically pay lower wages and offer fewer benefits than larger competitors. We always recommend that employee salaries at your company fall within the market range, but there are other things you can […]
As the far-reaching effects of COVID-19 continue to impact us, the federal government and the IRS have implemented new tax credits and extended important deadlines. The 2019 federal income tax filing due date is automatically extended from April 15, 2020, to July 15, 2020. Many states are following suit and extending their filing deadlines as […]
Our government is working fast and furiously to get needed financial relief to you as soon as possible. The recently passed Coronavirus Aid, Relief, and Economic Security Act (CARES Act) provides that relief in a number of ways. 2020 Recovery Rebates The most immediate assistance will come to you in the way of a rebate […]
Recent legislation, such as the Families First Coronavirus Response Act and the Coronavirus, Aid, Relief, and Economic Security (CARES) Act has provided some financial and tax relief for certain taxpayers. The following is a summary of some of the provisions. Filing and Payment Deadline The April 15, 2020, due date for any person (individual, trust, […]
Recent legislation, such as the Families First Coronavirus Response Act and the Coronavirus, Aid, Relief, and Economic Security (CARES) Act has provided some financial and tax relief for certain taxpayers. The following is a summary of some of the provisions. Filing and Payment Deadline The April 15, 2020 due date for a C corporation […]
Dear Client, The long‐awaited Stimulus Bill known as The Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law today by President Trump. This new law not only sends rebate checks to taxpayers but also rolls back several provisions of the Tax Cuts and Jobs Act. Below is a summary of the law […]