Jul 5, 2021 | Advisory, Benefit Plans, Blog, Closely Held Businesses, Real Estate and Construction, SBA, Startup Business
Small employers can still provide their team members with an excellent retirement plan option. The IRS provides insights on profit sharing in the following. Overview A profit-sharing plan has the same contribution limits as a Simplified Employee Pension (SEP) Plan;...
Jun 22, 2021 | Blog, Closely Held Businesses, Exit Planning, Tax
Economic fallout from the COVID-19 pandemic has caused some small businesses to permanently close. No owner plans to close when entering into business, so the tax implications may not be front of mind when it comes time to shut operations down. The following provides...
Jun 10, 2021 | Agriculture, Beer, Blog, Cider, Closely Held Businesses, Manufacturing, Real Estate and Construction, Startup Business, Wine
In normal market conditions, people who have been unemployed due to an economic slump generally desire to find a job when the economy perks up. But times are far from normal in many places and industries. One of the most pressing concerns employers face today...
May 24, 2021 | Blog, Nonprofit Insights
What can not-for-profit organizations expect in 2021 and beyond? One recent report, “11 Trends in Philanthropy for 2021,” offers some answers. Produced by the Dorothy A. Johnson Center for Philanthropy at Grand Valley State University (Grand Rapids, Michigan), the...
May 17, 2021 | Accounting, Blog, Startup Business
Planning provides a way to deal with the unexpected changes that arise. Not only that, but the process of creating a budget can provide a better understanding of your overall business. In the early stages of creating a budget you might hear yourself saying something...