by Brian Hare, CPA, CGMA | Jul 28, 2020 | Business, Tax
If you’re a partner in a business, you may have come across a situation that gave you pause. In a given year, you may be taxed on more partnership income than was distributed to you from the partnership in which you’re a partner. Why is this? The answer lies in the...
by Brian Hare, CPA, CGMA | Jul 21, 2020 | Business, Tax
During the COVID-19 pandemic, many small businesses are strapped for cash. They may find it beneficial to barter for goods and services instead of paying cash for them. If your business gets involved in bartering, remember that the fair market value of goods that you...
by Brian Hare, CPA, CGMA | Jul 17, 2020 | Business
Many business owners — particularly those who own smaller companies — spend so much time trying to eliminate weaknesses that they never fully capitalize on their strengths. One way to do so is to identify and explicate your unique selling proposition (USP). Give it...
by Brian Hare, CPA, CGMA | Jul 6, 2020 | COVID-19
The COVID-19 crisis is affecting not only the way many businesses operate, but also how they are assessing productivity. How can you tell whether you’re getting enough done when so much has changed? There’s no easy, one-size-fits-all answer, but business owners should...
by Brian Hare, CPA, CGMA | Jun 30, 2020 | COVID-19
The extended 2019 business tax return deadline is coming up fast. As you know, the IRS postponed until July 15 the payment and filing deadlines that otherwise would have fallen on or after April 1, 2020, and before July 15. Retroactive COVID-19 business relief The...
