by Brian Hare, CPA, CGMA | Mar 16, 2020 | Business, Tax
What is a reasonable business owner salary? If you’re the owner of an incorporated business, you probably know that there’s a tax advantage to taking money out of a C corporation as compensation rather than as dividends. The reason is simple. A corporation can deduct...
by Brian Hare, CPA, CGMA | Mar 16, 2020 | Business
How important is marketing to your business? In business, a failure to evolve may lead to failure. One way to keep your company rolling is to regularly adjust how you market products or services to customers and prospects. A marketing strategy shouldn’t be a knee-jerk...
by Brian Hare, CPA, CGMA | Mar 6, 2020 | Business, Tax
If you’re a business owner, be aware that a recent tax law extended a credit for hiring individuals from one or more targeted groups. Employers can qualify for a valuable tax credit known as the Work Opportunity Tax Credit (WOTC). The Work Opportunity Tax Credit was...
by Brian Hare, CPA, CGMA | Mar 6, 2020 | Tax
Not ALL interest on home mortgage loans is deductible. If you own a home, the interest you pay on your home mortgage may provide a tax break. However, many people believe that any interest paid on their home mortgage loans and home equity loans is deductible. Not...
by Brian Hare, CPA, CGMA | Mar 6, 2020 | Business
If your company has more than one owner, you can manage risk with your buy-sell agreement. Most companies wouldn’t go into business without some basic types of insurance in place, such as property coverage and a liability policy. You can manage risk with the...
