6 essential tips for small business payroll tax compliance
March 27, 2025 | Megan Kosciolek, MST
6 tips to stay in tax compliance with your small business payroll.
Read More3 Hot Spots to Look for your Successor
May 29, 2017 | Brian Hare, CPA, CGMA
Picking someone to lead your company after you step down is probably among the hardest aspects of retiring (or otherwise moving on). Sure, there are some business owners who have a ready-made successor waiting in the wings at a moment’s notice. But many have a few viable candidates to consider — others have too few. […]
Enhancing the Perceived Value of Employee Benefits
May 10, 2017 | Brian Hare, CPA, CGMA
Providing a strong package of employee benefits is a competitive imperative in today’s business world. Like many employers, you’ve probably worked hard to put together a solid menu of offerings to your staff. Unfortunately, many employees don’t perceive the full value of the benefits they receive. Why is this important? An underwhelming perception of value […]
Collaborative Management
May 8, 2017 | Brian Hare, CPA, CGMA
Many business owners are accustomed to running the whole show. But as your company grows, you’ll likely be better off sharing responsibility for major decisions. Whether you’ve recruited experienced managers or developed “home grown” talent, you can empower these employees by taking a more collaborative approach to management. Not employees — team members Successful collaboration […]
The Tax Implications of your C-Corp’s Buy-Sell Agreement
May 4, 2017 | Brian Hare, CPA, CGMA
Private companies with more than one owner should have a buy-sell agreement to spell out how ownership shares will change hands should an owner depart. For businesses structured as C corporations, the agreements also have significant tax implications that are important to understand. Buy-sell basics A buy-sell agreement sets up parameters for the transfer of […]
Reimbursing Employee Education Expenses…the Tax-Smart Way
May 4, 2017 | Brian Hare, CPA, CGMA
Reimbursing employee’s education expenses can both strengthen the capabilities of your staff and help you retain them. In addition, you and your employees may be able to save valuable tax dollars. But you have to follow IRS rules. Here are a couple of options for maximizing tax savings. A fringe benefit Qualifying reimbursements and direct […]
Section 1031 Exchange: Tax Planning Tool
May 2, 2017 | Brian Hare, CPA, CGMA
Like many business owners, you might also own highly appreciated business or investment real estate. Fortunately, there’s an effective tax planning strategy at your disposal: the Section 1031 “like kind” exchange. It can help you defer capital gains tax on appreciated property indefinitely. How it works Section 1031 of the Internal Revenue Code allows you […]
PTO Banks: Smart HR Solution
May 1, 2017 | Brian Hare, CPA, CGMA
“I’m taking a sick day!” This familiar refrain usually is uttered with just cause, but not always. What if there were no sick days? No, we’re not suggesting employees be forced to work when they’re under the weather. Rather, many businesses are adopting a different paradigm when it comes to paid time off (PTO). Under […]
Choosing the Right Lender
May 1, 2017 | Brian Hare, CPA, CGMA
It’s easy to think of lenders as doing your company a favor. But business financing relationships are just that: relationships. Yes, a lender has the working capital you need to grow. But a stable, successful business represents an enormously beneficial opportunity for the lender as well. So you should be just as picky with your […]
What a Valuation Expert can do for your Succession Plan
April 30, 2017 | Brian Hare, CPA, CGMA
Most business owners spend a lifetime building their business. And when it comes to their succession plan, they face the difficult decision of whether to sell, dissolve or transfer the business to family members (or a non-family successor). Many complicated issues are involved, including how to divvy up business interests, allocate value and tackle complex […]
Getting Your Money’s Worth out of a Company Retreat
April 29, 2017 | Brian Hare, CPA, CGMA
Company retreats can cost enormous amounts of time and money. Are they worth it? Sometimes. Large-scale get-togethers can involve considerable out-of-pocket costs. And if the retreat is poorly planned or executed, participants’ wasted time is the biggest expense. But a properly budgeted, planned and executed retreat can be hugely profitable, producing fresh ideas, renewed enthusiasm […]