Business
House Tax Bill Released
On November 2, 2017, the House of Representatives released a draft tax reform bill titled the “Tax Cuts and Jobs Act.” The bill would reduce individual and business tax rates, would modify or elim
Fortifying your business with enterprise risk management
Hundreds of years ago, prosperous towns managed the various risks of foreign invaders, thieves and wild animals by fortifying their entire communities with walls and towers.
Research credit can offset a small business’s payroll taxes
Does your small business engage in qualified research activities? If so, you may be eligible for a research tax credit that you can use to offset your federal payroll tax bill.
2017 Year-End Tax Planning Moves for Businesses and Business Owners
Please note, as of October 26, 2017, these actions are based on current tax rules and may change with future tax reform.
4 questions to guide your prospective financial statements
CPAs don’t just offer assurance services on historical financial results. They can also prepare prospective financial statements that predict how the company will perform in the future.
Minimize inventory, services to make your financials shine
Your business financials — where they stand currently and where they might be going next year — are incredibly important.
How to maximize deductions for business real estate
Currently, a valuable income tax deduction related to real estate is for depreciation, but the depreciation period for such property is long and land itself isn’t depreciable.
Timeliness counts in financial reporting
Do you procrastinate when it comes to closing your books and delivering year-end financial statements?
Weigh your options for cashing in on outstanding invoices
How long will you take to collect the outstanding receivables that are reported on your balance sheet? Many companies take weeks or even months to collect invoices from customers.
Valuation often affects succession plans in hard-to-see ways
Any business owner developing a succession plan should rightfully assume that regular business valuations are a must.