Lately I’ve been having more conversations with my clients who are asking about selling their businesses. The past few years may have caught up to some, and others are finding that they have had windfall years that make it very enticing to sell now. These clients all have one thing in common: Their businesses are […]
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Whether you are experiencing a momentary cash flow issue or want to improve your company’s profitability, cost-cutting is a common approach of business leaders. But not all cost-cutting ideas are as good for your bottom line as they may initially seem to be. Even the best ideas need to be thought through carefully, or you […]
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Start Planning Now To Pay Less In Taxes Next Year Were you shocked by your 2020 tax bill? If you were, you are not alone. Many business owners found themselves paying more in taxes than they expected to. And while 2020 may have had a few additional surprises due to the pandemic and the handling […]
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In business it can be helpful at times to form a partnership. Partners bring different skills to the table, and partnerships can leverage the financial assets of two (or more) people to start a business that they would not be able to finance on their own. Considering A Partnership? There are advantages and disadvantages to […]
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Were you surprised by an unexpected tax bill this year, maybe you even had to pay a penalty? No business owner wants an unexpected bill to pay, especially not when it’s from the IRS. Surprise expenses put a strain on your cash flow. While this year’s tax surprises cannot be eliminated, there are things you […]
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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 […]
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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 […]
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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 […]
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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 […]
Read MoreIf 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 […]
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