2 ways to transfer a family business
For many people, a family-owned business is their primary source of wealth, so it’s critical to plan carefully for the transition of ownership from one generation >>
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Dig out your business plan to plan for the year ahead
Like many business owners, you probably created a business plan when you launched your company. But, as is also often the case, you may not have >>
Keeping a king in the castle with a well-maintained cash reserve
You’ve no doubt heard the old business cliché “cash is king.” And it’s true: A company in a strong cash position stands a much better chance >>
Prepare for valuation issues in your buy-sell agreement
Every business with more than one owner needs a buy-sell agreement to handle both expected and unexpected ownership changes. When creating or updating yours, be sure >>
Brenda Peyton – Certified Payroll Professional
Congratulations Brenda Peyton! Brenda has received the Certified Payroll Professional (CPP) designation from the American Payroll Association. The APA offers the CPP Mastery Examination to recognize >>
Are you ready to expand to a second location?
Most business owners want to grow their companies. And one surefire sign of growth is when ownership believes the company can expand its operations to a >>
3 reasons you should continue making lifetime gifts
Now that the gift and estate tax exemption has reached a record high of $11.18 million (for 2018), it may seem that gifting assets to loved >>
Beware of unexpected tax liabilities under new accounting and tax rules!
The Tax Cuts and Jobs Act (TCJA) contains a provision that ties revenue recognition for book purposes to income reporting for tax purposes, for tax years >>
Identifying and reporting critical audit matters
For over 40 years, the Securities and Exchange Commission (SEC) has required only a simple pass-fail statement in public companies’ audit reports. But the deadline for >>
Provide for family members with special needs using an SNT
If you have a child or other family member with a disabling condition that requires long-term care or prevents (or will prevent) him or her from >>
