We noticed many clients ask the same questions. Our blogs are a reflection of frequently asked questions and their answers to issues raised. We hope this insight will help you address the challenges facing your business.
It is a sad and hard topic to write about, but it is extremely important to discuss why small businesses fail and what can be done to prevent it. Small businesses fail for a myriad of reasons, most of which can be traced back to inadequate working capital, resulting in the inability to meet their obligations. Failure to Forecast Changes in the Business: I know it is difficult for the reader to take me seriously when I say you need to predict the future, but it is easier tha
Have you ever been in a meeting and learned about a change to a large service provider and were frustrated to hear about the next attempt to get you to fit into a standard box? I recently attended a seminar where I was told that a major bank would make their branches 100% self-service in 10 years. I don’t know about you, but I see change as an opportunity. Whenever I hear about a large corporation making a change, forcing a box on their customers, I see an opportunity for
Budgeting and Forecasting is a vital key to business success as the budget is part of the goal-setting process for any thriving company. The forecast helps the business owner understand if he or she is on track to achieve both short and longer-term goals during a set time period. Many businesses have fallen into the trap of “…I have money in the bank so I must be doing well.” Running a modern business is not easy. There are too many moving pieces and it can be hard to see
The Research & Experimentation Tax Credit is a general business tax credit under the IRS Code section 41 for companies that incur research and development (R&D) costs in the US. In 2015, the US government made the tax credit permanent. This tax credit is an incentive for businesses to engage in R&D and develop new products. The tax credit allows qualified businesses to recoup up to $250,000 in payroll taxes. One of the key benefits for small business is the provision that