Tax Implications of Selling Your Business You are excited about sealing the deal. You can almost see money exchanging hands. You can imagine an immediate future where you have already sold your business and move on to something else. But you may have forgotten something—taxes. Specifically, taxes that are...
Tips for choosing the right CPA for your business The right certified public accountant can make or break your business. Errors in accounting can lead to the horrors of bankruptcy and might even send you to court for unintentional tax evasion. Conversely, the right accountant can deliver smooth and...
5 Signs Your Business’ Financial Structure Needs A Reboot Even when you have cash in the bank, pay all your bills and your assets are still intact, your business might STILL be in trouble. There are ways to identify financial issues and fix them as soon as you can...
Why Your Business Doesn’t Need a CFO CFO or Chief Financial Officer is a job that requires duties that are as intimidating as its name: controllership, capital structure overseeing, risk and liquidity consideration and other terms that can confound those living outside the world of high finance. The salary...
6 Reasons Why You Should Invest in Bookkeeping Services No matter how small the business, one person cannot juggle every aspect of running it all alone. Conceiving the business at first and then putting it up might not be a fast process. And it’s highly possible that it was...
Small Business Tax Tips A lot of people tend to face taxes with dread. They’re not criminal tax evaders, mind you. They’re just small business owners with tax-related phobia. Preparing and filing taxes give them the same awful feeling the way some people feel about visiting the dentist or...
What to Look for When You Need Professional Financial Services Your business is at stake. That is just the sole but significant reason why you must be very careful in choosing a firm that has a strong impact in your financial future. There are a number of professional financial...
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Is an ERP System right for you? An Enterprise Resource Planning (ERP) system is a business process management software that allows a manufacturing company to integrate a number of applications to more effectively manage their business and automate many back-office functions. With an ERP system, you no longer have...
How can the DPAD help construction companies save? The Domestic Production Activities Deduction (DPAD) is a term that every owner of a construction company should know. It is a free tax deduction that is allowed for any US company that produces goods. While this deduction is often called the...
In July of 2015, the Financial Accounting Standards Board (FASB) issued Update 2015-11 Inventory (Topic 330), which will amend guidance within Topic 330. If you are currently valuing your inventory using a method other than Last-in, First-out, (LIFO) or the retail inventory method, you need to make sure you...