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 … Continue reading “7 Steps To Selecting A Successor For Your Family Business”
Month: December 2017
Are Holiday Parties Tax Deductible? …Might Not Be After 2017
Several businesses have been asking us, are holiday parties tax deductible? Many businesses are hosting holiday parties for employees this time of year. It’s a great way to reward your staff for their hard work and have a little fun. And you can probably deduct 100% of your 2017 party’s cost as a meal and … Continue reading “Are Holiday Parties Tax Deductible? …Might Not Be After 2017”
Make New Year’s Resolutions to Improve Profitability
Many people scoff at New Year’s resolutions. It’s no mystery why — these self-directed promises to visit the gym regularly or read a book a month tend to quickly fade once the unavoidable busyness of life sets in. But, for business owners, the phrase “New Year’s resolutions” is just a different way of saying “strategic … Continue reading “Make New Year’s Resolutions to Improve Profitability”
Vehicle Deduction – Is a New Car Purchase Year-End Tax Deductible?
You might be asking yourself if you can apply a vehicle deduction for your 2017 tax bill if purchased before year end. We advise to not make a purchase without first looking at what your 2017 deduction would be. You’d also need to see whether tax reform legislation could affect the tax benefit of a … Continue reading “Vehicle Deduction – Is a New Car Purchase Year-End Tax Deductible?”
Artificial Intelligence Investment Management to Help Your Business
The artificial intelligence (AI) revolution isn’t coming — it’s here. While its potential for your company might not seem immediately obvious, artificial intelligence investment management is capable of helping businesses of all shapes and sizes “get smart.” AI generally refers to the use of computer systems to perform tasks commonly thought to require human intelligence. … Continue reading “Artificial Intelligence Investment Management to Help Your Business”
2018 Q1 Tax Calendar: Key Deadlines for Businesses and Other Employers
Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2018. 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 key deadlines q1 2018 and to learn more about the … Continue reading “2018 Q1 Tax Calendar: Key Deadlines for Businesses and Other Employers”
Ways to Reduce Costs for an Organization When Over Budget
Year end can’t get here soon enough for some business owners — especially those whose companies have exceeded their annual budgets. If you find yourself in this unenviable position, you can still cut costs to either improve this year’s financial picture or put yourself in a better position for next year. Here are some ways … Continue reading “Ways to Reduce Costs for an Organization When Over Budget”
Practice the Fine Art of Employee Appreciation During the Holidays
It’s that time of year, business owners! A time when you’re trying to wind down the calendar in profitable fashion. Plus, your also preparing year-end financials and contemplating next year’s budget and marketing spend. And amidst all this, you likely have a holiday employee gathering to plan. This seemingly innocuous task can be just as … Continue reading “Practice the Fine Art of Employee Appreciation During the Holidays”