When a business is launched, its owners typically welcome every customer through the door with a sigh of relief. But after the company has established itself, those same owners might start looking at their buying constituency a little more critically. If your business has reached this...
Is your sales process getting off-balance? Sometimes it can be hard to tell. Fluctuations in the economy, changes in customer interest, and dips in demand may cause slowdowns that are beyond your control. However, if the numbers keep dropping and you are not sure why,...
It is easy to understand why more and more businesses are taking a ‘bring your own device’ (BYOD) approach to the smartphones, tablets, and laptops many employees rely on to do their jobs. BYOD can boost employee efficiency and satisfaction, often while reducing a company’s...
Among the trigger events of a small company buy-sell agreement, death of a co-owner typically is included. Example one: Wendy Young and Victor Thomas both own 50 percent of YT Corp (YT). They have a buy-sell, which calls for Wendy to buy Victor’s interest in YT...
Like many business owners, you probably created a business plan when you launched your company. But, as is also often the case, you may not have looked at it much since then. Now that fall has arrived and year end is coming soon, why not...
You have most likely heard the old business cliché ‘cash is king.’ And it is true: a company in a strong cash position stands a much better chance of obtaining the financing it needs, attracting outside investors, or simply executing its own strategic plans. One way...
Most business owners want to grow their companies, and one sure sign of growth is when ownership believes the company can expand its operations to a second location. If your business has reached this point, or is nearing it, both congratulations and caution are in order....
Every business with more than one owner needs a buy-sell agreement to handle both expected and unexpected ownership changes. When creating or updating yours, be sure you are prepared for the valuation issues that will come into play. Issues, what issues? Emotions tend to run high when...
If you have done any research into employee benefits for your business recently, you may have come across a bit of alphabet soup in the form of ‘HSA + HDHP.’ Although perhaps initially confusing, this formula represents an increasingly popular model for health care benefits...
The Tax Cuts and Jobs Act of 2017 dramatically reduced taxpayers’ ability to itemize deductions. Among the tax deduction opportunities that have vanished, from 2018–2025, are miscellaneous itemized deductions that exceed two percent of the taxpayer’s gross income. Such deductions included unreimbursed employee business expenses. Drilling...