by Brian Hare, CPA, CGMA | Oct 31, 2019 | Business, Tax
The right entity choice can make a difference in the tax bill you owe for your business. Although S corporations can provide substantial tax advantages over C corporations in some circumstances, there are plenty of potentially expensive tax problems that you should...
by Brian Hare, CPA, CGMA | Oct 31, 2019 | Business
In many industries, market conditions move fast. Businesses that don’t have their ears to the ground can quickly get left behind. That’s just one reason why some of today’s savviest companies are establishing so-called “shadow” (or “mirror”) boards composed of...
by Brian Hare, CPA, CGMA | Oct 31, 2019 | Business, Tax
Is your business depreciating over a 30-year period the entire cost of constructing the building that houses your operation? If so, you should consider a cost segregation study. It may allow you to accelerate depreciation deductions on certain items, thereby reducing...
by Brian Hare, CPA, CGMA | Oct 31, 2019 | Business
Every new company should launch with a business plan and keep it updated. Generally, such a plan will comprise six sections: executive summary, business description, industry and marketing analysis, management team description, implementation plan, and financials....
by Brian Hare, CPA, CGMA | Oct 17, 2019 | Business, Tax
As an employer, you must pay federal unemployment (FUTA) tax on amounts up to $7,000 paid to each employee as wages during the calendar year. The rate of tax imposed is 6% but can be reduced by a credit (described below). Most employers end up paying an effective FUTA...
