You Da Man: Key Man Discounts in Business Valuation
If you are a business owner and you are also the chief innovator and top salesman, you may want to consider how this might negatively affect your future. We explain in this Business Tip.
Tax Reform Puts a Cap on Deducting Business Losses
The tax reform law didn’t outlaw business losses. It just limits your losses. Excess losses are treated as a net operating loss (NOL) and carried forward to the next year’s return. We explain in this week’s Tax Tip.
Business Owners: Should You Consider a Wellness Program for Your Employees?
As a business owner, your people are a great investment. Consider keeping your employees healthy and happy with a wellness program. We explain in this week’s Business Tip.
Tax Cuts and Jobs Act Promises Big Changes for Businesses
In today’s Marietta Daily Journal, Bil Lako, CFP®, discusses how the corporate tax cuts in the Tax Cuts and Jobs Act may affect the economy. Read the Article
How Small Businesses Write Off Equipment Purchases
Small businesses have several options for deducting the purchase of equipment on their taxes. Which one do you choose? Depends on how big of a deduction is needed, and when. We explain in this week’s Business Tip.
2018 Standard Mileage Rates Announced
Those who track mileage for work will be glad to know the IRS adjusted the 2018 standard mileage rate for inflation. Read more in this week’s Tax Tip.
Nine Ways to Start a Business Budget to Spur and Guide Growth
Business owners: Read nine key ways to create an effective budget that can spur and guide the growth of your company in this week’s Business Tip.
Buying a Replicable Business? Beware of the Risks!
Are you considering buying a business? Make sure you do your due diligence by looking at the value of the intangible assets. Learn more in this Business Tip.
Tax Cuts and Jobs Act: Impact on Businesses
The Tax Cuts and Jobs Act made some significant changes for businesses, including lower corporate tax rates, provisions for pass-through entities, expanded Section 179 expensing and bonus depreciations, and provisions for foreign income. We explain in this week’s Business Tip.
Immediate Tax Benefit for Capital Expenditures
In today’s Marietta Daily Journal, Bil Lako, CFP® explains how businesses can upgrade their equipment and take a much larger tax write-off in 2018. Read the Article