Feb 9, 2022 | Accounting, Advisory, Agriculture, Beer, Blog, Cider, Closely Held Businesses, Manufacturing, Nonprofit, Real Estate and Construction, Startup Business, Tax, Wine
Businesses that received Paycheck Protection Program (PPP) loans can apply for forgiveness once all loan proceeds for which they are requesting forgiveness have been used. On November 18, 2021, the IRS issued a series of three Revenue Procedures addressing the tax...
Jan 31, 2022 | Advisory, Blog, Business Valuation
The value of a business interest is valid as of a specific date. The effective date is a critical cutoff point because events that occur after that date generally are not considered when estimating value. However, there are two key exceptions. 1. When an Event Is...
Jan 24, 2022 | Advisory, Blog, Manufacturing, Real Estate and Construction, SBA
As you are no doubt aware, bookkeeping for builders is challenging. Construction companies tend to have unstable workforces, wage rates that can change by location, and multiple ongoing projects with various costs and durations. Here are some bookkeeping tips that can...
Jan 20, 2022 | Advisory, Audit, Benefit Plans, Blog
Receiving a notice that the IRS is auditing an employee benefit plan is news that no employer wants to receive. If your company does get such a notice, knowing what to expect and preparing for the audit itself are the best ways to help the process go as...
Dec 30, 2021 | Advisory, Blog, Closely Held Businesses, Nonprofit, SBA, Startup Business
Have you compiled a list of New Year’s resolutions for your small business in 2022? Resolutions don’t have to be limited to your personal life. Consider how you can improve in the upcoming year in your role as a small business owner. Of course, everyone’s list will be...
Dec 29, 2021 | Advisory, Blog, Estate Planning, Tax
It’s almost time to ring in the New Year — and many people are looking forward to putting 2021 in the rearview mirror. While New Year’s resolutions often focus on eating less and exercising more, you should also give some thought to your financial fitness. Here are...
