Some businesses can issue stock that entitles owners to eventually obtain tax-free income when they sell their stock. Yes, 100% of gain on the sale of … Read more about 10 Rules for Qualified Small Business Stock
Preparing for a Recession
Why would you consider thinking about a recession when we’re in the middle of a boom economy? Because every boom is followed at some time by a bust. … Read more about Preparing for a Recession
New Retirement Plan and Benefit Limits for 2019
Want to create a multi-million dollar nest egg … in addition to the value of your business? This is possible by making sure you’re covered by a … Read more about New Retirement Plan and Benefit Limits for 2019
Raising Your Prices
A McKinsey & Co. study found that raising prices 1% with no change in demand could mean an increase in profits of 11%. Inflation for 2018 is … Read more about Raising Your Prices
It’s Time to Upgrade Your PC
Will Rogers said: “Even if you’re on the right track, you’ll get run over if you just sit there.” When it comes to technology, you can’t afford to … Read more about It’s Time to Upgrade Your PC
When ‘NOT’ to Elect First-Year Expensing
The Tax Cuts and Jobs Act dramatically increased the dollar limit on first-year expensing (the Section 179 deduction) for the purchase of equipment … Read more about When ‘NOT’ to Elect First-Year Expensing
Your 2019 Budget
Now that we’re in the fourth quarter of 2018, it’s time to nail down your budget for the coming year. Be sure to consider the following … Read more about Your 2019 Budget
7 Deadly Sins for Small Business Owners
Pride, envy, gluttony, lust, anger, greed, sloth ... the 7 deadly sins that the Catholic Church warned against in the middle ages. It’s easy to see … Read more about 7 Deadly Sins for Small Business Owners
Do You Have a Will?
Music legend Aretha Franklin died in August at the age of 76 but didn’t leave a will. The same is true for Prince, who died in 2016. Do you have … Read more about Do You Have a Will?
Terminating Your S Election?
The flat 21% tax rate on the profits of a C corporation has left many S corporations thinking about revoking their election. Certainly for some S … Read more about Terminating Your S Election?
Small Businesses Are Unprepared for Disaster
That’s the finding of a recent poll from Insureon and Manta -- "Small businesses are unprepared for disaster." Sixty-one percent of small business … Read more about Small Businesses Are Unprepared for Disaster
3 Big Reasons to Rethink Retirement Plans
Qualified retirement plans aren’t just for large corporations. There are a number of compelling reasons for small businesses to consider adopting a … Read more about 3 Big Reasons to Rethink Retirement Plans
10 Smart Things You Can Do with an Extra $10Gs
If your business nets $50,000 and you qualify for the new 20% business income deduction for owners of pass-through entities, you’ll save $10,000 in … Read more about 10 Smart Things You Can Do with an Extra $10Gs
Growing Fast: Risks and Rewards for Small Business Owners
It’s axiomatic that business owners want their companies to grow, and for many that’s exactly what’s happening in this economy. The rewards of growth … Read more about Growing Fast: Risks and Rewards for Small Business Owners
What You Don’t Know about Workers Compensation Can Hurt You
Workers’ compensation is insurance to protect employees in case of job-related injuries or illnesses. Each state has its own rules governing coverage … Read more about What You Don’t Know about Workers Compensation Can Hurt You
