Our Three Cents — Debt vs. Equity
Troy Harmon, CFA, CVA, Nick Antonucci, CVA, CEPA, and K.C. Smith, CFP®, CEPA, discuss the difference between debt and equity when it comes to raising money for your small business.
Bankruptcy Changes Throw a Lifeline to Sinking Small Businesses
For small businesses, a Chapter 11 bankruptcy to restructure took time and was cost-prohibitive. With the expansion Subchapter V and the higher debt limit extended to March 27, 2022, small businesses have a lifeline!
August 2021: 5 Things that Happened Affecting Small Business
As a business owner, you need to keep up with what is happening with both the government and pandemic and how it affects your business.
Our Three Cents — The 5 D’s and Buy/Sell Agreements
In this episode of “Our Three Cents – Exit Planning Strategies” podcast, hosts Troy Harmon, CFA, CVA, Nick Antonucci, CVA, CEPA, and K.C. Smith, CFP®, CEPA, discuss the five reasons that business owners should have a buy/sell agreement in place: death, disability, divorce, distress, and disagreement. A buy-sell agreement puts down on paper who specifically can own shares of the business and how to value those shares. It is a formal agreement between shareholders of a closely held business that specifies the terms and prices of a buyout when one or more shareholders want or need to sell.
Small Businesses: Here’s How the U.S. Supreme Court Wayfair Decision Affects You
If you operate an online store, be aware that states can require out-of-state companies to collect and remit sales and use taxes from their customers.
IRS Extends COVID-19 Relief Leave Donations
Employees can donate their unused paid vacation time, sick leave, and personal time off to qualified charities that provided COVID-19 relief through January 1, 2022.
Antitrust Crackdown Aims to Increase Competition
Government is cracking down on harmful corporate monopolies. This could be good news for the U.S. economy and small-business owners.
Customers Paying Late? How to Create Statements in QuickBooks
There are many ways to encourage delinquent customers to pay. QuickBooks Online’s statements may be effective for you.
Tax Rules for Home Flippers
Are you contemplating trying your hand at flipping? If so, keep in mind that you will have a silent partner, Uncle Sam, who will be waiting to take his share of any profits in taxes.
Sole Proprietorships – Don’t Overlook the Liability Issues
If you are considering starting a business, the simplest and least expensive form of business is a sole proprietorship. However, sole proprietors are 100% personally liable for all business debts and legal claims. Here is what you need to know.