Aug 2, 2021 | Accounting, Advisory, Agriculture, Beer, Blog, Cider, Closely Held Businesses, Manufacturing, Nonprofit, Outsourced Accounting, Real Estate and Construction, SBA, Startup Business, Wine
As your organization strives to use its resources as effectively as possible, you might at some point consider outsourcing the functions that fall under your accounting and financial umbrella. But wait: You’ll first need to weigh the possible benefits and pitfalls....
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 28, 2021 | Blog, Real Estate and Construction
Have you ever completed a job only to realize that the cost of performing the work equals or exceeds the revenue that the project brought in? Experts call this profit fade. If it occurs repeatedly, profit fade can prove fatal to your business. Although profit fade...
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...
Jan 19, 2021 | Blog, Cybersecurity, Real Estate and Construction
The coronavirus pandemic has forced many construction companies to embrace a more distributed workforce. Employees who can work remotely keep connected with online and mobile technology. Meanwhile, team members on jobsites may access company systems from their own...
May 14, 2020 | Agriculture, Beer, Blog, Cider, Closely Held Businesses, Manufacturing, Now You Know, Real Estate and Construction, SBA, Startup Business, Tax
On April 14, the SBA announced that a partnership (including an LLC treated as a partnership for tax purposes) may include partners’ self-employment income as eligible compensation on the partnership’s Paycheck Protection Program (PPP) application. Unfortunately, many...