The Major Reasons a Virtual CFO Can Help Your Business Thrive
Does your business need a vCFO? Find out in this week’s Business Tip.
Advantages and Disadvantages of Self-Employment
Does your morning commute and cubicle have you contemplating self-employment? We list out some pros and cons of being your own boss in this week’s Business Tip.
Increased Business-Vehicle Deductions Due to Tax Reform
Tax reform has brought about significant changes in the way that vehicle use is deducted for business purposes. Read more in this week’s Business Tip.
Business Owners & Landlords: Are You Collecting the Needed W-9s?
If you use independent contractors for your business or rental, for each individual whom you pay $600 or more for the year, you are required to issue a Form 1099-MISC to avoid losing the deduction for their labor and expenses. We explain in this week’s Business Tip.
Buy-Sell Agreements—Part of Your Business Succession Plan
This week on “Money Talks,” your hosts discuss the circumstances of a business owner who has a 10-year plan to transition his ownership to employees but is concerned about what can happen in that time. They discuss buy-sell agreements, which are contracts to buy and sell a departing business owner’s interest.
Your Small Business Survival Guide for If (and When) the Economy Slows Down
You thought you were getting a refund and SURPRISE…You Owe! If you owe the IRS, but can’t pay the bill, we explain your options in this Question of the Week.
Five Things to Know Before Becoming a Landlord
Before you purchase an investment property or rent out your own home, make sure you understand what’s involved. We explain in this week’s Financial Tip.
Key Financial Ratios for Small-Business Owners
Financial ratios are used to measure a business’s condition and performance. They can help you evaluate your organization’s financial status and rate of success. They are also used by those evaluating your business for potential investment or lending opportunities. Generally speaking, there are four categories of financial ratios: liquidity, profitability, activity, and leverage. Your balance…
Planning to Exit Your Business… It Starts Now
You’ve worked your whole life building a business and the time has finally come: the time where you feel ready to enjoy the fruits of your labor and retire. But what happens to your business now? Do you want to pass it down to your children? Maybe you don’t have children. How can you exit…
Nine Things a Business Owner Should Know After Tax Reform
Many of the changes can affect the bottom line for the business as well as you as the business owner — some in a good way and some in a bad way. 1. The taxable income of a C corporation is now taxed at a flat 21% rate. Previously, the tax rates generally ranged from 15%…