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 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 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...
May 10, 2021 | Accounting, Blog, Startup Business
Every business strives to pull in revenue that will ultimately boost the bottom line. However, keeping your company in prime shape to seize profitable opportunities and overcome financial challenges relates to another objective: having a healthy cash flow. Every...
Jan 20, 2021 | Advisory, Blog, Manufacturing, Startup Business
If your business needs to acquire equipment or machinery, management faces a tough decision: whether to lease or buy. No universal right answer exists, but the following considerations can help you make the best choice for your business. Take Advantages of Purchases...
Dec 30, 2020 | Advisory, Blog, Startup Business, Tax
Both businesses and individuals desire to keep as much of their hard-earned money as possible when it comes time to pay taxes. Many will be relieved to know the Consolidated Appropriations Act, 2021 (CAA) contains numerous provisions related to income taxes that help...