Ideas & Insight

As a business owner, you know that it’s easy to spend nearly every working hour on the multitude of day-to-day tasks and crises that never seem to end. It’s essential to your company’s survival, however, to make time for strategic planning. Lost in the weeds Business owners put off strategic planning for many reasons. New […]

For many companies, there comes a time when owners must decide whether to renew a lease, move on to a different one or buy new (or pre-existing) space. In some cases, it’s a relatively easy decision. Maybe you’re happy where you are and feel like such a part of the local community that moving isn’t […]

Many businesses hosted Holiday parties at the end of the year. It’s a great way to reward your staff for their hard work and have a little fun. And you could probably deduct 100% of your 2017 party’s cost as a meal and entertainment (M&E) expense – 2018 may be a different story. Will your 2018 Holiday […]

The recently passed tax reform bill, commonly referred to as the “Tax Cuts & Jobs Act” (TCJA), is the most expansive federal tax legislation since 1986. It includes a multitude of provisions that will have a major impact on businesses. Here’s a look at some of the most significant changes. They generally apply to tax […]

Here are some of the key 2018 first-quarter tax-related deadlines affecting businesses and other employers. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. Contact us to ensure you’re meeting all applicable deadlines and to learn more about the filing requirements. January 31 File 2017 Forms […]

There’s an old saying regarding family-owned businesses: “Shirtsleeves to shirtsleeves in three generations.” It means the first-generation owner started in shirtsleeves and built the company up from nothing but, by the third generation, the would-be owner is back in shirtsleeves with nothing because the business failed or was sold. Although you can’t guarantee your company […]

The artificial intelligence (AI) revolution isn’t coming — it’s here. While AI’s potential for your company might not seem immediately obvious, this technology is capable of helping businesses of all shapes and sizes. Get Smart: Here’s how AI can help your business. AI generally refers to the use of computer systems to perform tasks commonly […]

Did you exceed your company budget last year? Here are some tips for cutting costs when you’ve gone over budget: Tackle staffing issues It’s easy to put off tough staffing decisions, but those issues may represent an unnecessary drain on your finances. If you have employees who don’t have enough work to keep busy, think about […]

Projecting your business income and expenses for this year and next can allow you to time when you recognize income and incur deductible expenses to your tax advantage. Typically, it’s better to defer tax. This might end up being especially true this year, if tax reform legislation is signed into law. Defer taxes with these […]

With the possibility that tax law changes could go into effect next year that would significantly reduce income tax rates for many businesses, 2017 may be an especially good year to accelerate deductible expenses. Why? Deductions save more tax when rates are higher. Here are some tax tips for businesses on an accrual basis. Timing […]