Information on business financial.

business loan

Think like a lender before applying for a business loans

Commercial loans, particularly small business loans, have been in the news over the past year or so. The federal government’s Paycheck Protection Program has been helpful to many companies, though fraught with administrative challenges. As…
IRS auditors

What IRS auditors know about your business industry?

In order to prepare for a business audit, an IRS examiner generally does research about the specific industry and issues on the taxpayer’s return. Examiners may use IRS “Audit Techniques Guides (ATGs).” A little-known secret is that these…
marketing efforts

5 questions to ask about your marketing efforts

For many small to midsize businesses, spending money on marketing calls for a leap of faith that the benefits will outweigh the costs. Much of the planning process tends to focus on the initial expenses incurred rather than how to measure return…
succession plan

Expanding succession plans beyond ownership

Business owners are regularly urged to create and update their succession plans. And rightfully so — in the event of an ownership change, a solid succession plan can help prevent conflicts and preserve the legacy you’ve spent years or decades…
COBRA assistance

IRS additional guidance addresses COBRA assistance

In Notice 2021-46, the IRS recently issued additional guidance on the COBRA assistance provisions of the American Rescue Plan Act (ARPA). Under the ARPA, a 100% COBRA premium subsidy and additional COBRA enrollment rights are available to…
Restaurant Revitalization Fund

Make sure your RRF grant expenditures are eligible

The National Restaurant Association and the American Institute of Certified Public Accountants (AICPA) has come out with several recommendations for tracking the spending of the funds received from the Restaurant Revitalization Fund (RRF) Grant. The…
Accounting software

Underusing your accounting software?

Someone might have once told you that human beings use only 10% of our brains. The implication is that we have vast, untapped stores of cerebral power waiting to be discovered. In truth, this is a myth widely debunked by neurologists. What you…
Diversity Equity Inclusion

Diversity Equity and Inclusion are good for business

Many businesses are spending more time and resources on supporting the well-being of their employees. This includes recognizing and addressing issues related to diversity, equity and inclusion (DEI). A thoughtfully designed DEI program can…
LLC

Is an LLC the right choice for your small business?

Perhaps you operate your small business as a sole proprietorship and want to form a limited liability company (LLC) to protect your assets. Or maybe you are launching a new business and want to know your options for setting it up. Here are the…