Enterprise Value
Certified Exit Planning Advisor, K.C. Smith, CFP®, explains how important it is for business owners to have a plan so they can sell their business at a maximum price with the best terms when they are ready to retire.
Record Keeping for Your Own Business
Business Owners: Records management is vital because it can help you analyze where your business is and, more importantly, where it’s going.
3 Reasons to Launch a Startup During a Recession
While it may seem too risky to launch a business with coronavirus and an impending global recession, we offer three reasons why a recession is a great time to launch a startup.
Ready for the 1099-NEC?
Own a business? If you pay an independent contractor $600 or more for the calendar year, you are required to issue a Form 1099-NEC soon after the end of the year to avoid penalties.
Business Owners: Is the Temporary Deferral of Employee Payroll Tax Worth It?
We explain how the payroll tax deferral could affect your business.
How States are Reshaping Nexus Laws for Remote Employees Due to COVID-19
If you own a business and have employees working remotely, you may need to take a closer look at how nexus will be addressed.
Wealth Transition and Succession Planning: Best Practices for Businesses During COVID-19
Wealth transition and succession planning were always complicated processes—COVID-19 did not do it any favors.
Business Valuations: Make Your Business More Attractive to Buyers
Certified Exit Planning Advisor, K.C. Smith, CFP®, explains how a business valuation can help you position your business more attractively for a buyer.
Employers: Don’t Miss Out on the Work Opportunity Credit
The WOTC is typically worth up to $2,400 for each eligible employee, but it can be worth up to $9,600 for certain veterans and up to $9,000 for “long-term family assistance recipients.”
Big Tax Breaks for Hiring Your Children in the Family Business
With jobs at a premium during the COVID-19 pandemic, you might consider hiring your children to help with your business. Financially, it makes more sense to keep family employed rather than hiring strangers, provided, of course, your family member is suitable for the job. Note, however, that wages paid to children and other relatives aren’t…