The New Normal in Family Business
Family businesses are being forced to innovate and change, and those that act quickly and decisively usually deliver better results. This article explains the need for constant innovation, the importance…
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The Most Common Accounting Mistakes Small Business Owners Make and How to Avoid Them
Most small business owners are an expert in their field, but not necessarily in the accounting aspects of building a business. And, with this comes a few common mistakes. Yet,…
SBA Changing Lending Rules
Partner buyouts have become much more reasonable, as the SBA has changed a rule that will now allow a buying partner to qualify for a loan without fronting equity. This…
Why Am I Being Audited by the IRS?
With the 2018 filing season currently behind us, notices have started to appear in mailboxes. While the IRS letterhead strikes fear into the hearts of most Americans, a vast majority…
Good and Bad News About The Home Office Tax Deduction
“Home office” is a type of tax deduction that applies to the business use of a home; the space itself may not actually be an office. This category also includes…
Explaining Deductions for Small Business Owners
New details have emerged from the IRS that explain how small business owners may be able to obtain different tax breaks. This article discusses the different rules the IRS has…
Big Changes to the Kiddie Tax
Years ago, to prevent parents from transferring their investment accounts into their children’s name to avoid taxes, Congress created what is referred to as the kiddie tax. This counteracted the…
Preparing for Taxes for 2018 and Beyond
Tax reform has changed the way most taxpayers need to think about and plan for their taxes. It is no longer business as usual, and those who think it is…
The Secret to Obtaining More Clients
The key to obtaining more clients is knowing the differences between what you can provide and how you can deliver results. This article explains how obtaining more clients begins with…
The Importance of Failure
Those that take risk and go beyond their comfort zones are more likely to see success earlier in their careers. This article discusses how professionals can embrace the challenges of…