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From the Blog

11.08.2019 09:13

Chicago Payroll Services for Small Businesses

chicago payroll services for small businesses

One of the most laborious tasks for small businesses is managing payroll. But it’s critical that you not only withhold the right amount of taxes from employees’ paychecks but also that you pay them over to the federal government on...

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11.06.2019 03:20

A “Shadow” Board of Directors: Shed Light On Your Company’s Best Future

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. A "shadow"...

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11.01.2019 09:13

S Corp vs C Corp: Thinking About Changing Your Business Entity?

Explaining the Difference in Benefits of an S Corp vs C Corp

The right choice of a business entity can make a difference in the tax bill you owe for your business. Yes, it is true that S corporations can provide substantial tax advantages over C corporations in some circumstances. However, there...

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10.30.2019 09:20

Updating A Business Plan: At The VERY Least, Update the Financials

Guy Holding a Pen Up To A Business Financial Graph

Every new company should make an effort to updating a business plan. Generally, such a plan will comprise six sections: Executive Summary. Business Description. Industry and Marketing Analysis. Management Team Description. Implementation Plan. Financials. Now, ideally, you would comprehensively update...

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10.25.2019 06:13

Accelerate Depreciation Deductions with a Cost Segregation Study

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 finding a cost segregation specialist for a study. It may allow you to accelerate depreciation deductions...

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10.23.2019 09:20

Deciding Whether a Merger or Acquisition is the Right Move

Deciding if doing a business merger is right for your company

[caption id="attachment_2714" align="alignright" width="560"] Chessboard With Wooden Blocks Showing Mergers And Acquisitions Concept[/caption] One of the best ways to grow rapidly, is by strategically doing a business merger or acquisition with another company. You might be able to significantly boost...

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10.18.2019 09:13

Setting up a Health Savings Account for your Small Business

up close picture of a stethoscope

There is no hiding from the escalating cost of employer provided health care benefits. As such, it might be of interest to your business in providing some of these benefits through an Health Savings Account (HSA). For eligible individuals, HSAs...

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10.16.2019 09:20

6 Ways to Ensure Your Marketing Plan Drives Sales

marketing plan to drive sales

Love and marriage,” goes the old song: “…You can’t have one without the other.” This also holds true for sales and marketing. Even the best of sales team will not see an improvement in sales if not accompanies by a...

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