Taxes
Sidestep These Errors to Keep More of Your Tax Dollars
Paper filing. Sloppy record keeping. Missing out on deductions. All these and more could mean you’re throwing money away. Here’s how to make your tax return as financially efficient as possible. There are many ways for a tax return to be filed incorrectly. The IRS offers a list of the 9 most common errors which…
Read MoreHow the 2018 Tax Cuts and Jobs Act May Impact Your 2020
Even though it began in 2018, the TCJA’s effects are only now in full swing. How will it impact you in the next year? Changes in the Tax Cuts and Jobs Act (TCJA), which first went into effect in 2018, have really only been felt now that we’re well into 2019, and 2018 taxes have…
Read MoreHow Start-Ups and Established Businesses Can Make the Most of Taxes
Entrepreneurs want to save every cent they can. Here are 5 pieces of advice, whether you’re an established operator or just starting out. Tax-time doesn’t always need to be a big bite out of your bottom line. There are a variety of methods available to entrepreneurs which can represent significant savings, either immediately or over…
Read MoreHow Understanding Tax Rules Can Maximize Profits from a Business Sale
A record number of American business owners are selling up. It pays to know what this means for your next tax return if you’re ready to close a deal. More people than ever are looking to become their own boss in 2019, so if you’re ready to sell your business, you may find no shortage…
Read MoreShould You Sell Your Business to Employees?
Perhaps your employees would make the best next owners of the business. How do make that happen? “I just work here.” This can sum up the perspective of an average employee who does not own stock or have any real ownership in an organization. There’s no tangible investment. Many individuals go to work to earn…
Read MoreHow to Prepare Employees for a Management Transition
For smooth sailing, keep your team educated, informed, and included Humans don’t tend to like change unless they can clearly see a benefit from it. It’s hard-wired into everyone to trust things, people, and methods that have been around for some time, and to be wary of any element which disrupts the status quo—and business…
Read MoreIncreasing the Value of Your Business With The Value Builder System (VBS)
Knowing the eight drivers that determine a business’s value is the first step to knowing what your company is worth Different business owners are, well, different. They practice different leadership styles, sell different products, and employ different strategies. They all have one thing in common, however: they want to increase the value of their businesses.…
Read MoreExiting Your Business? Why You Need the Right Business Advisor
Most business owners aren’t prepared to sell or leave their businesses, but the right business advisor can help fill in the gaps So, you’ve decided to sell your business. Whether you’re planning to finally retire, start a brand-new venture, or pursue something else entirely, the decision to sell is arguably one of the biggest decisions…
Read More4 Questions to Ask Yourself When Planning an Exit Strategy
Sooner or later, you’ll leave your business. Asking yourself the hard questions now can save you time and stress as you exit your company later Have the customers received their orders? Have my employees been paid? Am I getting paid this month? These are probably just a few questions you’ve asked yourself as a business…
Read MoreBreakups are Tough: How to End a Partnership When There’s No Formal Agreement in Place
7 steps that can help you avoid ending up in court Just like a marriage, no one goes into a business partnership expecting it to end. And that makes it all too easy to forget to include one of the most important elements of a partnership agreement: the exit strategy. Or even worse, to not…
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