Succession Planning 101
While some days it may seem impossible, hopefully you won’t actually be working forever. For anyone that has built a successful business the question arises of what happens to that business when they are ready to move on to a new adventure, whether that is retirement or an alternate business opportunity. No matter the scenario, […]
Ask The Experts
Our team of experts is here to answer your questions and help you run your business as efficiently as possible. Check out their answers below to some of the questions we most frequently hear. How often should a small business owner meet with their accountant to discuss business taxes? I prefer to meet with clients […]
Get the Most Value from WOTC
Don’t leave valuable tax benefits on the table for your company. You’re running a complex business, with many layers of operations, services, and priorities. As you’re hiring the right people to make your business shine, it can be worthwhile to make sure you’re receiving all applicable benefits. One such opportunity is the Work Opportunity Tax […]
Accounting, Apps, and Operations
Running business operations is not for the faint of heart. So many layers dovetail together: scheduling, accounts receivable, inventory, accounts payable, tracking time, point-of-sale processing. It can seem rather endless. Good news for the many small business owners who use QuickBooks: there are many, many apps to support your operations and free up your time […]
Bonuses: What, Why, and How-To
One of the most powerful ways to show appreciation to an employee: a bonus for their hard work. Whether your company is going gangbusters because of their work, they’ve really been putting in extra effort, or even a strategy they were part of is taking off, paying a one-time bonus can bring the team together […]
Is it time to sell?
When is the right time? If you’ve been growing your small business, putting your blood, sweat, and tears into it for years, you might be starting to think about when would be the right time to sell. Maybe you’re nearing retirement, and you’re deciding how much longer you want to work, or perhaps you have […]
Commercial space: To buy, or to lease?
Payment size. Liability. Maintenance. Cash flow. The decision whether to lease space for your business or buy a building or site is a big decision and should be carefully considered. Either way, you should review liability, your budget and expected cash flow, the short- and long-term goals of your company, and how you plan on […]
The 411 on 1099s
Even if they’re not a standard employee, those who you’re sending payment to for work completed still require tax forms. You may have heard of a 1099 form in relation to the ‘gig economy’ – as documents required by those who freelance or work short-term contract jobs on a rolling basis. But the gig economy […]
Which Type of Retirement Plan Should You Offer?
The present and the future. Good employers care about their employees – not only their current circumstances and their work responsibilities, but also their futures. But for small businesses, offering retirement benefits may be challenging. Even if you want to offer such a plan, deciding which one may be a good fit can be confusing. […]
Motivation and Value: Bonuses and Profit Sharing
Both can motivate employees. Many businesses look to reward their teams and keep the company moving forward with profit sharing or bonuses. Both can help bring team loyalty and a sense of value, as well as improve company performance. We’re bringing you the ins and outs of how bonuses and profit sharing can work for […]