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What Are the Biggest Small Business Tax Mistakes?

Navigating  your taxes is no small feat. Whether you are filing them personally or as a business, it can be overwhelming and confusing. In 2011, Discover Small Business Watch asked taxpayers what their thoughts on tax preparation were. The infographic below, shared...

The Top 5 Skills CPAs Need Now

The world is always changing and always evolving. It seems as though nothing stays the same. Fortunately for businesses, there are some practices that will remain the same through the years. These core values and principles hold businesses together and help them grow...

How The National Debt Affects You

The national debt topic is a popular one in today’s world. There seems to be no single answer to solving it or even deciphering it. The Accounting Degree Review posted this interesting infographic that shows how the national debt affects you. Take a look !...

Helpful Business Valuation Terms

If you are a business owner, your company will need to be appraised at some point. A business valuation is needed if you decide to sell or merge your business, add a business partner, create or update a buy-sell agreement, or devise or refine your estate plan. Since...

Four Easy Questions to Master Business Valuation

Buying or selling a business can be frustrating, even more so when you are trying to find the true value of it. The foundation of a good business valuation starts with four easy questions. What are you putting the value on? To start the initial process of a business...

IRS Assistance

New evidence shows the Internal Revenue Service (IRS) would be more successful if they had additional funding for customer service and other areas. If this funding was readily available, the tax process each year would be less frustrating for taxpayers and much more...

The Truth Behind Business Value

It can be amusing when at the outset of a sale of a business, the discussion becomes about equating the seller’s perceived financial retirement needs. In my years of performing business valuations, I’ve never once used the “Seller’s Retirements Needs Method” to...

What Do You Gain with Outsourcing?

One of the most strategic decisions a business can make is to outsource accounting and bookkeeping operations.  Why? Because the time you and your team’s time can be better spent working on your business, improving operations and seeking new cliental. When you...

The Business of Valuation—What Is It, Exactly?

Guessing the worth of a business is like driving across country without a gas gauge. You could get lucky and make your way there without any issues, but what happens when there is trouble along the way and you break down? Experts say fewer than a quarter of all U.S....