Start Succession Planning Now
The majority of North American businesses are family owned and many are facing ownership-transfer issues as the baby-boomer founders enter retirement. Roadblocks to Successful Transitions There are four major reasons successions in family businesses tend…
- Diane Glover
- May 14, 2014
Time is Money: Don’t Spend Valuable Time Inputting Data into QuickBooks
Do you get valuable monthly data from vendors and banking partners? How do you process that information to run your business? Do you have someone manually input all of those records into QuickBooks? If so,…
- Diane Glover
- Jun 18, 2022
Ten Tax Planning Tips to Consider
Here are 10 tax planning tips to consider that might help reduce your federal income tax bill: 1. Contribute the maximum amount to your 401(k) plan. Up to applicable limits, your contributions are subtracted from…
- Diane Glover
- Oct 15, 2014
Meet Gen Z: The Future of Your Business
Consider including in your five-year business plan an image of the people you will likely be hiring then -- keeping in mind that "Generation Z" will be your entry-level hires. Insight into Digital Natives The study…
- Diane Glover
- Oct 23, 2014
2014 Federal Tax Returns: Something Borrowed, Something New
Tax season is finally here. The deadline for calendar-year corporations to file a return (or an extension) is Monday, March 16. The deadline for individuals to file their income tax returns (or an extension) is…
- Diane Glover
- Feb 06, 2015
S Corps & Partnerships: Beware of Failure to File Pentalties
The S corporation is a popular business structure that's available only to privately held businesses. In fact, approximately 44 percent of small employer firms -- generally defined as companies with fewer than 500 employees --…
- John Kirsch
- Feb 26, 2015
How Long Do You Need to Retain Payroll Records?
Just in time for spring cleaning, the Social Security Administration and the IRS have issued a joint publication -- the Spring 2015 issue of SSA/IRS Reporter -- which offers valuable pointers for employers who want…
- Diane Glover
- May 08, 2015
A Dozen Ways to Cut Taxes This Summer
After a brutal winter in many parts of the country, summer is finally here. While you're enjoying the warmer weather, it's still important to remain diligent about business and personal tax planning. Fortunately, many of…
- Diane Glover
- Jun 15, 2015
Dealing With College Costs
Here's a little-known secret for parents planning to send their children to college: Some of the tax-saving moves you make now could hurt your student's chances for getting financial aidlater. It's because of the way…
- Diane Glover
- Jul 14, 2015
DOL Gets Tough on Independent Contractor Classification
"The Department of Labor's Wage and Hour Division (WHD) continues to receive numerous complaints from workers alleging misclassification, and the Department continues to bring successful enforcement actions against employers who misclassify workers," said a detailed…
- Diane Glover
- Jul 30, 2015