How are Series EE savings bonds taxed?
July 24, 2024 | Kimberly Cosens
Do you have series EE savings bonds? If so have you wondered how these are taxed? Read this blog to find out.
Read More2017 Tax Calendar for Businesses
July 16, 2017 | Brian Hare, CPA, CGMA
Here are some of the key tax-related deadlines affecting businesses and other employers during the second quarter of 2017. 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. July […]
Fine Tune your Company’s Compensation Strategy
July 14, 2017 | Janet Kanan, EA
As a business evolves, so must its compensation strategy. Hopefully, your company is growing — perhaps adding employees or promoting staff members who are key to your success. But other things can spur the need to fine-tune your compensation strategy as well, such as economic changes or the rise of an intense competitor. A goal […]
2 Reasons to Upgrade your Accounting Software
July 12, 2017 | Janet Kanan, EA
Many business owners buy accounting software and, even if the installation goes well, eventually grow frustrated when they don’t get the return on investment they’d expected. There’s a simple reason for this: Stuff changes. Technological improvements are occurring at a breakneck speed. So yesterday’s cutting-edge system can quickly become today’s sluggishly performing albatross. And this […]
Seasonal Businesses: Optimize your Operating Cycle
July 12, 2017 | Brian Hare, CPA, CGMA
Every business has some degree of ups and downs during the year. But cash flow fluctuations are much more intense for seasonal businesses. So, if your company defines itself as such, it’s important to optimize your operating cycle to anticipate and minimize shortfalls. A high-growth example To illustrate: Consider a manufacturer and distributor of lawn-and-garden […]
How the IRS views Loans between your Business and it’s Owners
July 10, 2017 | Brian Hare, CPA, CGMA
It’s common for closely held businesses to transfer money into and out of the company, often in the form of a loan. However, the IRS looks closely at such transactions: Are they truly loans, or actually compensation, distributions or contributions to equity? Here’s how the IRS views business loans: Loans to owners When an owner […]
Summer is a Good Time for Tax Planning
July 7, 2017 | Paula Kennedy, EA
You may be tempted to forget all about taxes during summertime, when “the livin’ is easy,” as the Gershwin song goes. But if you start your tax planning now, you may avoid an unpleasant tax surprise when you file next year. Summer is also a good time to set up a storage system for your […]
Help your Successor Succeed
June 24, 2017 | Brian Hare, CPA, CGMA
When it comes time to transition your role as business owner to someone else, you’ll face many changes. One of them is becoming a mentor. As such, you’ll have to communicate clearly, show some patience and have a clear conception of what you want to accomplish before stepping down. Here are some tips to help […]
4 Digital Marketing Tips for Small Business
June 22, 2017 | Brian Hare, CPA, CGMA
You’d be hard pressed to find a company not looking to generate more leads, boost sales and improve its profit margins. Fortunately, you can take advantage of the sales and marketing opportunities offered by today’s digital technologies to do so. Here are four digital marketing tips for every business: 1. Add quality content to your […]
Could you Benefit from Stronger Business Governance?
June 19, 2017 | Brian Hare, CPA, CGMA
Every company has at least one owner. And, in many cases, there exists leadership down through the organizational chart. But not every business has strong governance. Could you benefit from stronger business governance? In a nutshell, governance is the set of rules, practices and processes by which a company is directed and controlled. Strengthening it […]
Operating Across State Lines Can Offer Risks & Rewards
June 18, 2017 | Brian Hare, CPA, CGMA
It’s a smaller business world after all. With the ease and popularity of e-commerce, as well as the incredible efficiency of many supply chains, companies of all sorts are finding it easier than ever to widen their markets. Doing so has become so much more feasible that many businesses quickly find themselves crossing state lines. […]