Many small business owners pay too little attention to their financial statements. This is due in part to not understanding just what the statements have to … [Read more...]
You Are Getting Audited: Here’s What To Do
August 16, 2019 by Mitchell Erickson
Most of us will never be audited. But when it does happen, it might feel a little scary. The truth of the matter is IRS auditors do audits every day. They know … [Read more...]
Competitive Bidding Threshold
August 15, 2019 by Justin McGraw
A new law requires cities, school districts, and other local governmental entities to engage in the competitive bidding process only for contracts over … [Read more...]
Deploy a Gift-Giving Strategy
August 14, 2019 by Jill Hedman
It’s time to work on your 2019-2020 gifting plan if you haven’t started yet. As you plan, remember that the annual exclusion lets you make gifts up to $15,000 … [Read more...]
Conduct An Annual Estate Plan Review
August 14, 2019 by Stacey Seviola
The estate tax is still alive and well, so as part of your annual estate plan review you should update your will and other estate documents. Remember that the … [Read more...]
Audit, Review, and Compilation: 3 Distinct Levels of Service
August 14, 2019 by Kelly O'Farrell
Audit, Review, and Compilation are three distinct levels of service relating to financial statement reporting that we provide our business clients. Each is a … [Read more...]
Guidance on IRS Deduction for Business Meals and Entertainment
August 14, 2019 by Jeff Rislov
On October 3, 2018, the IRS issued Notice 2018-76, Expenses for Business Meals Under § 274 of the Internal Revenue Code, stating its intent to publish proposed … [Read more...]
How To Avoid Common Errors in a Business Valuation
August 14, 2019 by David Corneil
The costliness of errors in a business valuation is one reason our team members spend hours to earn their Certified Valuation Analyst credentials so that errors … [Read more...]
What Are Two Different Types of Business Valuations?
August 14, 2019 by Jim Rudnick
A detailed valuation report must meet two tests: it must reach a supportable conclusion and it must clearly and convincingly establish how the conclusion was … [Read more...]
Paying Attention to Cash Flow in Your Business
August 1, 2019
In assessing their business, most owners focus on growth in sales and profits. Yet these do not guarantee business health and success. What creates … [Read more...]
