Apr 22, 2024 | Audit, Blog, Closely Held Businesses, Mergers and Acquisitions, Nonprofit, Outsourced Accounting, Startup Business
Once your business has survived the start-up phase, it has got a solid foundation to grow. Business and financial advisory services are critical at this stage of development. Consider these major areas or functions of your company to focus on as you look to take it to...
Jun 26, 2023 | Blog, Closely Held Businesses, Manufacturing, Nonprofit, Real Estate and Construction
Ensuring compliance depends on the individual actions of employees. That is why businesses that want to comply with changing laws and regulations should focus on building a compliance culture, where employees understand why compliance matters as well as their roles in...
Jul 25, 2022 | Advisory, Blog, Closely Held Businesses, Cybersecurity, Manufacturing, Real Estate and Construction, Startup Business
When criminals steal an individual’s identity, the victim can take steps to minimize potential damage by, for example, notifying credit agencies and freezing bank accounts. But what happens if a cybercrook steals a company’s identity and uses it to engage in fraud?...
Jul 11, 2022 | Accounting, Advisory, Agriculture, Beer, Blog, Cider, Closely Held Businesses, Manufacturing, Startup Business, Tax, Wine
When it comes to minimizing the amount paid in taxes, small and medium business owners do not always know all the options available to their businesses. If you own a small or medium business, it may be eligible for some significant tax breaks that are not...
Jun 30, 2022 | Advisory, Blog, Closely Held Businesses, Family Administrative Services, Manufacturing, Real Estate and Construction, Startup Business, Tax
The IRS recently announced it will be increasing the standard mileage rate to 62.5 cents a mile for qualified business drivers for the second half of 2022. The adjustment reflects rising costs at the gas pumps this year. Background If you use a vehicle for business...
Jun 27, 2022 | Accounting, Advisory, Blog, Closely Held Businesses, Manufacturing, Startup Business, Tax
First-year bonus depreciation typically creates a powerful tax incentive for eligible manufacturers to purchase qualified property needed for business reasons. These tax write-offs can benefit a manufacturer’s cash flow, but claiming them is not always the best...