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Every business wants to know how to maximize profits, but sometimes earning more by selling more isn’t a viable strategy. Market conditions can turn lead generation efforts cold, perhaps your…

Selling your business is a significant milestone. After years of hard work and dedication, it’s time to close this chapter and move on to the next. But how do you price a business for sale? And what factors can you control to influence the final…

Your LLC is thriving, with consistent profit growth over time, yet your self-employment tax bill seems to follow suit. It’s time to reevaluate your business structure and possibly make a transition. Could shifting from LLC to S corp be the answer?

Understanding financial metrics is essential for assessing the performance of any company, regardless of its industry or business type. Among the most crucial metrics are revenue and profit, which provide valuable insights for accurate…

Business owners work long and hard to build wealth and establish a successful enterprise. However, protecting and preserving that wealth for future…

In this article, we will explore various tax strategies tailored specifically for business owners, designed to help you understand and strive to optimize your tax situation or know what to look for in your own plan. By implementing these techniques, you…

Managing cash flow is the lifeblood of any small business. It’s like the heartbeat of your enterprise, keeping your dreams alive and kicking. But sometimes, cash flow…

As a high-income business owner, you have unique financial needs and challenges that require a specialized…

For many people, reviewing their financial plan and preparing their taxes are mutually exclusive events, meaning they tend to treat them separately as if one didn’t impact the other. Many often review their financial plans once or twice every…

We see this scenario almost weekly. A valued client refers a business owner friend to our firm and the first thing they ask is: “I’m an LLC, but my friend said I should file as an S-corp. What should I…

Clients are the lifeline of your business. But what do you do when your plate is full? You can’t just neglect your work and expect clients to stick around. Nor can you just keep adding more work hours into…

Good, cheap, and fast. In an ideal world, these are the three things we would get from a service provider every time we went out looking for one. Doesn’t matter if you’re talking about a long-term service like financial planning or a short-term…

According to the American Institute of CPAs, 75 percent of today’s CPAs will be retiring in the next 15 years. Will yours be one of them? If so, what do you know about their succession plans? Should you care? Here’s why you should.

For several years the financial advisory industry has trended toward the creation of ensemble practices. This is primarily due to the increasing complexity of properly servicing wealthy clients and the need for more specialization. The travel…

For anyone with ambitions of life-changing personal or business growth, that begs the question of whether you have taken inventory of the people around you to understand if they are lifting you up or keeping you down. As you survey the contact list of your inner circle, are there…

The true value of your accounting team is the guidance they can provide throughout the year to help you maximize your profits and your personal income. To get the most value out of your accounting team, it’s crucial to check in several times a year..

Many business owners dedicate their working lives to turning their vision into a profitable enterprise with the expectation it will become the ultimate source of their wealth. When they’re ready to hang up their boots, they can simply sell the…

If your bank offers investment products and advice, it seems natural to want to avail yourself of them. After all, it’s where you have your checking and savings account and your mortgage, so why…

Choosing the right financial advisory team is one of the most important decisions you’ll ever make—especially for those with big life goals (and eventually retirement) in their sights. But putting your financial future in someone else’s hands isn’t…

Restricted Stock Units (RSUs) are a form of equity compensation that give you ownership in the company you work for, either to augment a base salary or as a bonus. Unlike regular stock options, which require putting money down to exercise…

They say two heads are better than one, but also warn about having too many cooks in the kitchen. There are distinct tax and financial benefits to forming a partnership—such as a greater borrowing capacity and simplified taxation—but what are the non-financial advantages that…

Getting gifts and bonuses is great—until someone reaches their hand into your paycheck and pulls a whole bunch of it out (ahem—the IRS)! This sounds unfair but is often what happens with supplemental…