by Brian Hare, CPA, CGMA | Jul 27, 2023 | Business
“It’s in the pipeline!” Business owners often hear this rather vague phrase, which may be good news in some cases or code for “don’t hold your breath” in others. Your sales pipeline management, however, is a very real thing. Simply defined, it identifies and...
by Brian Hare, CPA, CGMA | Jul 19, 2023 | Business
Once a business is up and running, one fundamental aspect of operations that’s easy to take for granted is billing. Often, a system of various processes is put in place and leadership might consider occasional billing mistakes to be part of the “cost of doing...
by Brian Hare, CPA, CGMA | Jul 19, 2023 | Business
If you own a successful small business with no employees, you might be ready to set up a retirement plan. Now a solo 401(k) might seem way out of your reach — only bigger companies can manage one of those, right? Not necessarily. Two ways to contribute With...
by Brian Hare, CPA, CGMA | May 12, 2023 | Blog, Business, News, Tax
Whether you’re operating a new company or an established business, losses can happen. The federal tax code may help soften the blow by allowing businesses to apply losses to offset taxable income in future years, subject to certain limitations. Qualifying for a...
by Brian Hare, CPA, CGMA | Apr 26, 2023 | Blog, Business, Tax, Uncategorized
If you’re an incorporated business owner, you know there’s a tax advantage to taking money from a C corporation as compensation rather than as dividends. The reason: A corporation can deduct the salaries and bonuses that it pays executives, but not dividend payments....