The M&A market was hot last year, and that momentum is expected to continue in 2019. Before acquiring another business, however, it’s important to do your homework. Conducting comprehensive due diligence can be a daunting task, especially if you’ve never negotiated a deal before. So, consider se...

Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2019.

January 31

• File 2018 Forms W-2, “Wage and Tax Statement,” with the Social Security Administration and provide copies to your employees.

• Provide copies of 2018 Forms 1099-MISC, “Misc...

Audit opinions differ depending on the information available, financial viability, errors discovered during audit procedures and other limiting factors. The type of opinion your auditor issues tells stakeholders whether you’re in compliance with accounting rules and likely to continue operating as a...

In our experience, your age has a big effect on your attitude towards your business and how you feel about one day getting out. Here's what we have found: 

Millennial Business owners
Twenty- and thirty-something business owners grew up in an age where job security did not exist. They watched as t...

You’ve spent years building your company and now are ready to move on to something else, whether launching a new business, taking advantage of another career opportunity or retiring. Whatever your plans, you want to get the return from your business that you’ve earned from all of the time and money ...

Small businesses often use the cash-basis method of accounting. As businesses grow, they usually convert to accrual-basis reporting for federal tax purposes and to conform with U.S. Generally Accepted Accounting Principles (GAAP).

Starting this tax year, the Tax Cuts and Jobs Act (TCJA) has increased...

The typical business or other organization loses 5% of its revenues to fraud each year, with a median loss of $130,000. And about one-fifth of fraud cases involve losses of $1 million or more. That’s according to the Association of Certified Fraud Examiners’ (ACFE’s) Report to the Nations: 2018 Glob...

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’re prepared for the valuation issues that will come into play.

Issues, what issues?
Emotions tend to run high when owners face a “tr...

At time, business owners, even though tired and nearing burnout, opt to wait couple more years before starting the process of selling their business because they “want to sell at the peak of the next economic cycle.” 

On the surface, this rationale seems to make sense. If you speak w...

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 dig it out? Reviewing and revising a business plan can be a gr...