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On August 7, the U.S. Senate voted to pass the Inflation Reduction Act (IRA). The enormous bill—clocking in at 725 pages—contains a wide range of provisions and comes with a nearly $750 billion price tag.…

Today, businesses have to grapple with vast amounts of data from different sources, including emails, mailing lists, customer orders, system logs, mobile apps, social media networks, etc. This data is crucial to businesses in various…

Starting June 1, the Fed began reducing its balance sheet holdings of U.S. Treasuries by $30 billion a month for three months. Thereafter, it will double its reduction of U.S. Treasuries by $60 billion per…

This article explains the importance of keeping your estate plan up to date, especially since people are living longer and need more options in their documented life. Three sections in your estate plan that should…

Lohman Company, PLLC is pleased to announce they have placed #1 on this year’s Ranking Arizona’s “The Best of Arizona Business 2022 Accounting Firms” with 6 to 30 CPAs. It is the third consecutive year…

This article discusses a variety of trends that small businesses should either be focusing on or not as we continue along in 2022. For example, this link lists shipping status, waiting for the new normal,…

Lohman Company, PLLC has been a member of Integra International since 2005. As a member, we receive their monthly, “Audit & Accounting Alert Newsletter” that we would like to share with you.  This newsletter is a great…

According to research by Family Enterprise Foundation, younger generation owners are the most committed to preserving the family business. A survey found that “97 percent of next-generation respondents consider it important to sustain the family…

This link offers a comprehensive breakdown of the small business industry as it stands in 2022. For example, graphs displaying emerging trends, the effect of the pandemic, and hiring numbers are all included. Small businesses…

This article explains how shoplifters are stealing thousands of dollars from big and small retailers, and how the smaller retailers are handling the situation. Derek Friedman, a small business owner, says that since 2019 shoplifting…

In this article, a survey was conducted by Oracle NetSuite to get insights from numerous executives about the importance of each role and their communications skills. The survey “polled small and midsize company leadership in…

This article discusses how many start-up businesses eventually fail, but by utilizing the eight strategies outlined in this link, you will give your start-up business the best chance possible at succeeding and even flourishing. For…

This article discusses how running a small business can be a difficult task, especially when managing your most important asset, the employees. However, by following tips such as upgrading your onboarding checklist software, rewarding employees…

This article explains how hiring family members can have their strengths and weaknesses. It is much easier to hire a family member rather than a stranger because each person can usually be reliable and dependent…

This article explains the best money-saving methods for travelers hitting the road this summer. All 50 US states have hit the $4 per gallon mark, and the national average is currently at $4.59. According to…

This article explains the significant benefits that startups in 2022 receive when using R&D tax credits. For companies to qualify for R&D tax credits, their ideas must be a new or improved business component for…

This article explains some tax-avoiding strategies that the IRS will be flagging down. Some strategies include “concealing assets in offshore accounts and improper reporting of digital assets, non-filing of income tax returns by high-income individuals,…

This article explains that the Biden Administration has proposed a federal gas tax holiday in order to help US citizens with the current gasoline prices. Unfortunately, Patrick De Haan, head of petroleum analysis at GasBuddy,…

This article explains that bonus depreciation rules have been changed over several years. In 2016 and 2017, under the IRS Revenue Proclamation (Rev. Proc.) 2019-33, Section 5.02 Section – Deemed Election states: “a taxpayer that…

This article explains that the current state of the economy and the Covid-19 pandemic has drastically changed the way consumers behave. It’s extremely important for small businesses to capitalize on digital transformations. A Bill.com survey…

This article explains the precautions to take when getting a divorce, and several tax concerns that need to be addressed to ensure that taxes are kept to a minimum and important tax-related decisions are properly…

One of the perennial fears of taxpayers is getting audited by the IRS. Financially, few scenarios strike such fear into hearts. However, taxpayers can probably breathe a sigh of relief – at least for now.…

This article discusses three dysfunctions that are commonly seen throughout family businesses. Chris Yonker, the author of the article, says that following the steps of over-achievers can be a bad way to help ensure the…

This article explains why and how keeping money within the hands of the people you trust will help you in the future. Heirs could be responsible for “paying federal income taxes on either assets or…

Too often CEOs of a company will procrastinate the succession of their company to the next generation. This may happen since the idea of retiring from a business can be too difficult to embrace. Another…

Valeria Alterman and Ariane Froidevaux delve into research on various retirement options for small business owners. They look into their custom model of retirement decision options for small business owners to separate from their business,…

This article explains the new inflation adjustments that are being made by the IRS issued through Rev. Proc. 2021-45. The IRS also cautioned that “with legislation pending in Congress that might affect 2022 tax returns,…

This article explains why family businesses continue to generate 70-90% of global GDP annually. Ernst and Young reported that “the largest 500 family businesses constitute the third-largest economic contribution in the world by revenue and…

This article discusses how the coronavirus pandemic forced many employees to look towards their 401(k) plan in order to borrow cash for personal financial burdens. However. “About 47% of employees who took a retirement loan…

In this article Jolene Brown, a family business consultant points to four major mistakes when breaking down a family business. She firstly points out that assuming all genetic relationships equal good working relationships is wrong.…

This article demonstrates the possibilities a small business can pursue after receiving a valuation. A valuation can give small business owners benefits such as tracking progress and “a road map to deliberate decision making.” Some…

This article explains the importance of building your company’s online structure in a growing technological world. Technology is more powerful than ever challenging a business to restructure in new ways where it can sustain itself…

This article explains how the assets people own have become more complicated, making it a little more difficult to include everything in your will. Only about 46% of Americans have made provisions for how their…

This article discusses how there are two main strategies that individuals can take advantage of in order to lower their tax bills, deductions, and credits. While tax deductions lower your taxable income, tax credits are…

This article explains several scenarios where your child may be asking you for financial help. First, they may have taken many loans and want your help with EMIs. The author suggests turning the child to…

This article discusses the ins and outs of a tax strategy known as a cost segregation study, and in particular, for those that own a vacation rental real estate. When the property is leased out…

This article discusses how most companies today rely heavily on the Internet and other technology to operate. Although these tools are vital and can be useful, they also pose the threat of cybercrime. However, by…

This article discusses how the coronavirus pandemic accelerated many trends that we see today in the workplace. Specifically for start-ups, it is important to take advantage of these trends to stay competitive. For example, trends…

This article discusses how 2022 is a viable year for most small businesses as they continue to rebound from the coronavirus pandemic. A recent report shows that attracting new customers is the top challenge for…

This article explains the challenges that businesses face when dealing with remote workers. Mobility managers may face numerous tasks, including understanding complex and evolving rules for tax, immigration, and other legal purposes. Mobility managers also…

This article discusses how fraud is one of the most concerning topics for start-ups and small businesses alike due to the highly digitalized world that we live in today. It is so prevalent that “organizations…

This article discusses the definition of work management and how it differs from project management. Specifically, work management “is the oversight and supervision of all individual and team tasks and task lists within one project…

This article discusses how the coronavirus pandemic has shifted the way many industries are conducted on a day-to-day basis. Specifically, teleworking has become the new norm, and it is important to have proper procedures in…

This article discusses the business strategy of time clock rounding in order to ease payroll calculation and prevent employee time theft. With many employees still working from home, these practices are important to review frequently.…

This article discusses how many businesses felt a significant negative impact due to the coronavirus pandemic this past year. Although most of the setbacks were unavoidable, it is important to do everything in our power…

This article acknowledges and discusses how running a family business can be difficult at times. From balancing a family work-life balance to communication issues, this industry can be very challenging. However, by following tips such…

This article discusses how many startup firms are having similar problems in marketing and getting their new ideas out there. Whether your startup is 5 years old or 5 days, utilizing tips such as email…

This article discusses how businesses are starting to return to the workplace following the relaxing of COVID-19 regulations. However, this process may be more difficult than anticipated. This article outlines three steps to consider when…

This article discusses how the IRS released guidance explaining deductions on food and beverage within a restaurant. There was a temporary 100% deduction which was “designed to help restaurants, many of which have been hard-hit…

This article discusses how there are many factors at play when a business gets bought or sold. Specifically, topics such as reoccurring revenue, why someone sells, buyers’ interests, evaluation criteria, and the 4 P’s (People,…

This article discusses the sad reality of how fewer than 1/3 of family businesses are successively handed down to the second generation. However, utilizing the tips outlined in this article such as starting your succession…

This article discusses how the coronavirus pandemic has impacted the way people are purchasing businesses and how business owners are selling. In fact, there’s been a rise in investment activity, and it is expected to…

Too often CEOs of a company will procrastinate the succession of their company to the next generation. This may happen since the idea of retiring from a business can be too difficult to embrace. Another…

This article discusses guidance on the Tax Cuts and Jobs Act pertaining to the general deduction of business entertainment expenses. Because of the guidance put out in 2020, “Taxpayers…must carefully follow the rules set out…

This article discusses the best methods to practice before selling your business to someone who values it as much as you do. Firstly, it is important to determine your business value. In order to successfully…

This article discusses how marketing is essential for any successful business, especially startups. However, sometimes the best marketing practices can be extremely expensive with little return on investment. However, using simple tips such as getting…

This article discusses the importance of having a succession plan. According to the Dayton Daily News, about 3 out of 4 small businesses currently do not have a succession plan. Succession plans should not be…

This article discusses both the importance of a good leader in any small business as well as the requirement that the business is productive. To help you decide what is important to understand, members of…

This article discusses an important topic that all small business owners should consider as it occurs every single day. In the past, credit card transactions required a signature in order to help authenticate the purchase.…

This article discusses how under previous law, deductions for business meals were limited to 50% of the cost, but through the pandemic, that deduction was doubled to 100% for the time being if the meal…

This article discusses how the COVID-19 pandemic has changed the landscape on which most small businesses operate. However, trends such as digital footprint, virtual efficiency, workplace culture, and customer reviews are all set to be…

This article acknowledges and discusses the portrayal that the media gives us of family businesses. Although this industry operates on the more risky side, the owners of family businesses possess a unique decision making power.…

This article outlines and then continues to dive into detail about seven marketing tips for your start-up business. As a start-up, funds can be limited, but tips such as solidifying your brand, staying true to…

This article discusses and addresses the uncertain times that businesses are living through right now due to the coronavirus pandemic. With the passing of the Paycheck Protection Program, there are many things to consider when…

This article dives deep into the concept of business identity theft, as well as preventive measures that you can take in order to reduce the potential fallout. For example, one piece of advice is to…

This article discusses how important family businesses are to the economy of the United States. However, “70% of family businesses last just one generation before they either fail or are sold.” Succession planning can be…

This article discusses some of the key changes the Biden administration is making to the application process of the paycheck protection program. Specifically, Monday started a two-week period in which only businesses that have less…

This article discusses how the Small Business Administration has made significant changes when comparing the first round of the Paycheck Protection Program (PPP) and the most recent program. Specifically, the SBA stated that “The changes…

This article discusses and emphasizes the need for all businesses to be able to adapt and pivot in the right direction, especially during a crisis like the Coronavirus pandemic. Some tips that are outlined are…

This article discusses how the COVID-19 pandemic has resulted in low interest rates and depressed asset values, creating a very unique opportunity for estate planners. Specifically, this article outlines five different strategies to consider utilizing…

This article discusses and emphasizes the importance of having and implementing the most efficient debt collection process possible. Providing services to your client before payment is often a risky but necessary part of doing business.…

This article discusses and outlines seven different technology trends to watch within the small business industry. Specifically, these trends are designed to improve software, automation, and machinery functionality. Artificial intelligence-powered chatbots and CRM, streamlining HR…

This article discusses some accounting tips that your small business should consider following in order to become more efficient. There are many details business owners must consider, managing your accounting practices early on will allow…

This article discusses how the coronavirus pandemic is impacting a number of industries in multiple ways. Some of the trends include working from home, hiring based on technology skill set, and restaurants teaming up with…

This article discusses a rare opportunity that the Tax Cuts and Jobs Act have produced for investors in the United States. Long story short, this act is incentivizing investors to invest in distressed communities in…

This article discusses how the coronavirus pandemic has impacted the national economy, and in particular, family enterprises. However, being educated on emerging trends such as the rise of small cities, an increase in digitalization, and…

This article is aimed at helping small businesses grow in the right direction through the recruitment process. Some of the best practices outlined in this link are identifying what your vacant jobs entail, advertising, and…

This article discusses some of the best business practices that your business can partake in order to ensure or maintain results during this hard time. From knowing the weaknesses of your products to having a…

This article discusses how the coronavirus pandemic, and in particular, telecommuting, has raised a new set of problems for managers in terms of company fraud. Working from home has its benefits, but as a company…

The article discusses a recent publication from the IRS in response to multiple requests from stakeholders asking for guidance on self-certifications. Additionally, it outlines what is required within the report as well as the effective…

This article discusses how, although hiring a CPA for your small business comes with a cost, the pros may outweigh the cons in this situation. For example, hiring a CPA will allow you to save…

This article discusses the most recent announcement from the Federal Reserve Board. This is significant for small businesses because the minimum loan amount went from $250,000 to $100,000 on three Main Street loan facilities. Additionally,…

This article discusses how the coronavirus pandemic impacted many businesses in a negative way. Despite government funding programs such as the CARES Act and PPP Loan, many businesses are going to finish the year with…

This article discusses some of the best practices that you can incorporate into your startup or general business to keep adequate clients and customers surrounding your business. Whether it is superior customer service, being open…

This article discusses the importance of being educated on the latest income tax brackets and trends to best optimize your hard-earned savings. Each year the IRS adjusts the tax brackets and knowing exactly which one…

Although outsourcing payroll is an effective approach, completing payroll in-house can save your business time and money. You may think that completing payroll is a daunting task, but following tips such as determining overtime pay,…

This article discusses some of the basics that you can capitalize on to ensure that the succession of your business is as easy and efficient as possible. For example, tips such as communicating early, defining…

In this time of uncertainty, knowing about and implementing some best practices within the industry can go along way in the health of your business. This article discusses four tips that you can take advantage…

Finding and retaining millennial talent will help small businesses compete with bigger businesses. This article discusses how small businesses can attract millennials, and why hiring millennials is the right move for small businesses. To view…

Although family businesses boost the economy and make up more than fifty percent of the nation’s GDP, they struggle to survive past the second generation. This article discusses a few ways family businesses can thrive…

Cold-calling may seem out of date, but many small businesses rely on personal connections to get customers out of the cold calling stage and into prospective clients. This short article discusses the trick to a…

Family businesses can compete with other businesses who may have more capital, manpower, and resources that their disposal. This article discusses the advantages family businesses have, and how family businesses can use these advantages to…

Many organizations fail to understand the importance of creating a culture that is healthy and values results. This article discusses how you can gauge your organization’s health, and how to solicit change to your company’s…

There is no question that positive customer experience directly correlates with your business’ success. This article discusses four things your business can do in order to provide outstanding customer experiences. To view this article, click…

Family business are full of ups and downs, and managing your family in a business setting can be difficult. This article discusses five tips you can use to make running your family business a little…

As the country and even the world shift their attention to the seeming long-lasting impact of the Coronavirus, updates appear to be coming out each day. Whether the impact is on a global, national, or…

This article discusses how the coronavirus has impacted the business world on a number of levels including raising questions around Goodwill and long-lived assets. Whether it is trying to sort through Goodwill testing or estimated…

As businesses attempt to get back on their feet post Covid-19, understanding programs that you may qualify for, such as the R&D tax credit, can help reestablish robust cash flow. This article outlines the ins…

Whether the impact is on a global, national, or individual industry level, this pandemic is already changing the way businesses are operating on a day-to-day basis. As we venture past the peak of the pandemic,…

This article discusses how the coronavirus pandemic has impacted the way businesses operate on a day-to-day basis. One major difference the pandemic has resulted in is the increase in telecommuting. This article outlines some of…

The Main Street Lending Program is designed to help credit flow to small and medium-sized businesses and nonprofit organizations that were in sound financial condition before the onset of the COVID-19 crisis, but now need…

The key to business success is the motivation and hard work of employees. This article discusses six unconventional initiatives companies should try to boost workplace motivation. To view this article, click HERE to access the…

A low unemployment rate means employees have options, and small businesses must find ways to retain employees. This article discusses four ways your small business can increase employee retention. To view this article, click HERE…

Small businesses rely on outsourcing as a cheaper alternative to hiring a full-time worker, but outsourcing can present a new set of challenges. This article discusses helpful tips you can use when hiring and managing…

Salespeople must be specific and give customers specific instructions when selling products. This article discusses the advantages of getting specific and making things clear for customers. To view this article, click HERE for original content.

Online marketplaces are creating a need for a new era of consumer transactions. This article discusses digital businesses, enhancing consumer experiences, and the problems of reaching the consumer directly. To view this article, click HERE…

Small business owners that do not have a finance or accounting background can still understand their business’s finances and move their companies in the right direction. This article discusses four tips for understanding profitable growth.…

As the number of cyber attacks increase, a cyber risk management program is necessary for businesses. This article discusses four ways your business can manage cyber risk. To view this article, click the following link…

Growth possibilities surround every business, and business leaders must not get complacent when it comes to strategic awareness. This article discusses ways to maintain strategic awareness. To view this article, click the following link to…

More social media engagement means more business, which is why business owners should look to increase their engagement levels in 2019. This article discusses seven tips for increasing social media engagement and traffic in 2019.…

Hiring senior-level employees is a big organizational decision that will impact the future of your company. This article discusses what to keep in mind when recruiting someone for a senior-level position. To view this article,…

Social media plays an integral part in marketing, but marketers should be wary of the future social media marketing has for coming generations. This article discusses the rejection of some social media platforms, and what…

Companies are targeting Generation Z through personalized marketing strategies. This article discusses why personalization will drive marketing strategies for future consumers. To view this article, click the following link to access the original content. https://www.entrepreneur.com/article/326608

The government shutdown is creating problems for more than government businesses, as private businesses are also experiencing the consequences of a government shutdown. This article discusses potential consequences small business owners should be aware of.…

The Internal Revenue Services (IRS) recently released updated optional standard mileage rates for 2019. These rates are used to calculate the deductible cost of operating an automobile for business, charitable, medical, or moving purposes. The…

As a new calendar year begins, it is an important time for small business owners to analyze their priorities and focus on improving their business. This article discusses a few ways your small business can…

As the holidays approach, cybercriminals are looking for opportunities to exploit your employees and your business. This article discusses a few ways you can keep your business secure this holiday season. To view this article,…

As the country and even the world shift their attention to the seeming long-lasting impact of the Coronavirus, updates appear to be coming out each day. Whether the impact is on a global, national, or…

As the country and even the world shift their attention to the seeming long-lasting impact of the Coronavirus, updates appear to be coming out each day. Whether the impact is on a global, national, or…

As the country and even the world shift their attention to the seeming long-lasting impact of the Coronavirus, updates appear to be coming out each day. Whether the impact is on a global, national, or…

Whether the impact is on a global, national, or individual industry level, this pandemic is already changing the way businesses are operating on a day-to-day basis. As we venture past the peak of the pandemic,…

As the country and even the world shift their attention to the seeming long-lasting impact of the Coronavirus, updates appear to be coming out each day. Whether the impact is on a global, national or…

As the country and even the world shift their attention to the seeming long-lasting impact of the Coronavirus, updates appear to be coming out each day. Whether the impact is on a global, national or…

This article discusses how utilizing some best practices can go a long way when evaluating a business. Examining stock prices, assets, cash flow, and the surplus in debt, should be considered each and every time…

This article discusses how hard it is to ensure that your family business survives to the next generation. With the help of these best practices like setting boundaries, dividing roles and responsibilities, and treating family…

This article discusses some of the top things that you can do as a business owner in order to protect your business against fraud. From learning basic definitions to what a forensic accountant could do…

This article discusses how family business owners have to decide whether to sell their business or hand it down when they want to retire. Both sides have their advantages such as retirement funding and ensuring…

This article offers seven different tips that small business owners should be aware of as we enter the new year. From using data to shape your strategies to playing around with different content, these insights…

This article discusses 30 family business truths that may be hard to swallow but can change the way your business operates on a day to day basis. For example, a high trust culture can be…

Although intended for small business owners, this article discusses accounting mistakes that can hinder growth in your business no matter the size. First and foremost, failing to hire the right CPA can immediately put a…

This article highlights the work of Professor John Davis, who has been studying family enterprises and how they work since the 1970s. For example, he mentions how family businesses have natural strengths such as passion…

In the business world, there is a bar that individuals must meet or exceed in terms of customer service. No matter how difficult the customer may be, claiming yourself as a professional implies that you…

This article discusses what it is like to be in charge of making important decisions when it comes to day-to-day operations in a business. Topics such as risk tolerance, risk appetite, and insurance programs are…

This article discusses how the financial health of a small business is comprised of more than just the amount of sales. Taking a look at topics such as revenue, expenses, cash flow, and automation can…

This article discusses three different methods that one can use to value a business. For example, the asset approach, market approach, and income approach are all unique in their own way and could provide different…

There is a lot of scary stuff happening right now. Many are struggling to maintain good mental health in light of the Coronavirus pandemic. For some, the mental strain is exacerbated by the fact that…

Competing against big corporations is a challenge for small business owners, but focusing on a niche market can be a huge benefit for small businesses.  This article discusses eleven advantages for small businesses and how…

Small business owners can facilitate successful growth with timing and the right data. This article discusses five ways for small businesses to accelerate growth.  To view this article, click HERE to access the original content.

Early-stage businesses should focus on key qualities when hiring employees because a business’s success relies on the quality of these hires.  This article discusses four top qualities to look for when hiring employees.  To view…

Many business strategies focus on cost-cutting. However, these strategies can hurt branding, growth, and profits.  This article discusses why marketers cannot cost-cut their way to growth.  To view this article, click HERE to access the…

Managing data and information can be a major competitive advantage for small businesses.  This article discusses why every small business should develop a data strategy.  To view this article, click HERE to access the original…

In a world that is mostly living online in different social media platforms, it is important to remember what human to human interaction can do. This article discusses how entrepreneurs can look forward and make…

This article discusses points that can help on your way to a successful family business. From recognizing the advantages of family ownership to treating every family member equally, these tips are valid and should be…

This article discusses daily tips that may be valuable for any businessperson. Some of the tips include going slowly, spending more time on recruitment, and not doing it for the money. To view this article,…

This article discusses what SIP trunking is and how it could potentially help your business grow. SIP trunking is essentially the ability to make or receive phone calls over the internet as long as both…

A recession is not fun to think about, but it’s even less fun when a downturn hits and you’re not prepared. This article offers advice in two areas: what to do to prepare your business…

This article discusses how important culture can be in all aspects of a company. For example, “77% of adults polled would consider a company’s culture before applying for a job.” From understanding your current culture…

Do you find it hard to stay positive during your work day? This article discusses the importance of having a positive attitude in the workplace because it is contagious and can rub off on the…

This article discusses the major trends occurring in the general business world as we leave 2019 in the past and look to the future. It is important to be aware of these trends for the…

This article discusses the importance of addressing mental health in the workplace. According to this article, 1 out  of 5 people suffer from some sort of mental health condition. Because this number is so high,…

This article discusses how the economy may be booming as we head into 2020, but that does not mean there will not be uncertainty along the way. It also offers five budgeting tips from emergency…

This article discusses the instant gratification that we seek when it comes to the business industry. We want to buy low and sell high as soon as we can, but that may not always be…

This article outlines the best practices that your business can take in order to increase growth. The best part is that none of them require more money! Whether it is billing faster or streamlining your…

This article discusses how marketing has changed over the years and what you can expect/need to know heading into the new year. Whether it is the use of A/B split testing or integrating AI to…

This article discusses the advantages of bookkeeping and doing it the right way for your business and your personal life. There are ways to do it without a CPA, but having an accountant on your…

This article discusses how technology is changing the way small businesses operate on a day to day basis. From working from home to social media marketing, these tech advancements are vital to staying up to…

Growth possibilities surround every business, and business leaders must not get complacent when it comes to strategic awareness. This article discusses ways to maintain strategic awareness. To view this article, click the following link to…

As the number of cyber attacks increase, a cyber risk management program is necessary for businesses. This article discusses four ways your business can manage cyber risk. To view this article, click the following link…

Small business owners that do not have a finance or accounting background can still understand their business’s finances and move their companies in the right direction. This article discusses four tips for understanding profitable growth.…

Online marketplaces are creating a need for a new era of consumer transactions. This article discusses digital businesses, enhancing consumer experiences, and the problems of reaching the consumer directly. To view this article, click HERE…

The IRS recently released its annual list of the top 12 tax scams, updated for the 2019 filing season. The list includes a number of popular tax cons, with phishing and phone scams among the…

Salespeople must be specific and give customers specific instructions when selling products. This article discusses the advantages of getting specific and making things clear for customers. To view this article, click HERE for original content.

Small businesses rely on outsourcing as a cheaper alternative to hiring a full-time worker, but outsourcing can present a new set of challenges. This article discusses helpful tips you can use when hiring and managing…

A low unemployment rate means employees have options, and small businesses must find ways to retain employees. This article discusses four ways your small business can increase employee retention. To view this article, click HERE…

The key to business success is the motivation and hard work of employees. This article discusses six unconventional initiatives companies should try to boost workplace motivation. To view this article, click HERE to access the…

Rapid growth can be a dangerous time for businesses if not managed properly. This article discusses the importance of keeping your people engaged as your business grows. To view this article, click HERE to access…

The business world is relying on the Internet for exposure, and without a digital presence and a social media strategy, businesses are unlikely to reach their full potential. This article discusses the importance of an…

To see growth for your business, you must focus on creating a brand that will make a lasting impression with customers. This article discusses a few tips that you can use to strengthen your brand…

Business owners do not have to spend a large amount of money to improve a customer’s experience. This article discusses several key pathways for creating a connected relationship with consumers without increasing costs. To view…

While not common, boards can assist in succession planning for family businesses. This article discusses what type of boards have success, and what you should look for in independent directors. To view this article, click…

Developing a business strategy should always have the customer’s interest at the root. This article discusses the question every strategy should answer. Does it improve the way I create value for my customers? To view…

With the Tax Cuts and Jobs Act in full effect, small businesses can use overlooked tax deductions to save money.  This article discusses several tax deductions small business owners may have overlooked.  To view this…

Long-term success begins with the ability to implement strategic change. This article discusses why companies struggle to accelerate strategic change and how to tackle these problems.  To view this article, click HERE to access the…

Ecommerce on social media platforms is booming, and business owners must fulfill orders effectively to stay successful. This article discusses a number of best practices to help with social commerce fulfillment.  To view this article,…

Business owners should focus on business models to ensure their business finds success and increases profit and potential.  This article discusses six business strategies that will help keep your business around for a long time. …

The IRS recently released Notice 2018-77, which details updated special per-diem rates, effective October 1, 2018 through September 30, 2019. These rates apply to the per-diem allowances paid by employers to their employees in order…

The new trade agreement between the US, Canada, and Mexico will benefit small businesses. This article discusses what benefits small business owners can find in the new NAFTA. To view this article, click the following…

Many organizations fail to understand the importance of creating a culture that is healthy and values results. This article discusses how you can gauge your organization’s health, and how to solicit change to your company’s…

Family businesses can compete with other businesses who may have more capital, manpower, and resources that their disposal. This article discusses the advantages family businesses have, and how family businesses can use these advantages to…

Cold-calling may seem out of date, but many small businesses rely on personal connections to get customers out of the cold calling stage and into prospective clients. This short article discusses the trick to a…

Although family businesses boost the economy and make up more than fifty percent of the nation’s GDP, they struggle to survive past the second generation. This article discusses a few ways family businesses can thrive…

Finding and communicating with the right customer is a basic necessity for any small business. This article discusses tips you can use to find ideal customers and improve your marketing communications strategy. To view this…

Finding and retaining millennial talent will help small businesses compete with bigger businesses. This article discusses how small businesses can attract millennials, and why hiring millennials is the right move for small businesses. To view…

As the holidays approach, cybercriminals are looking for opportunities to exploit your employees and your business. This article discusses a few ways you can keep your business secure this holiday season. To view this article,…

As a new calendar year begins, it is an important time for small business owners to analyze their priorities and focus on improving their business. This article discusses a few ways your small business can…

Family businesses are developing social missions to help the communities they serve. This article discusses how to incorporate a social mission into your family business, and the advantages and disadvantages of a social initiative.  …

The Internal Revenue Services (IRS) recently released updated optional standard mileage rates for 2019. These rates are used to calculate the deductible cost of operating an automobile for business, charitable, medical, or moving purposes. The…

The government shutdown is creating problems for more than government businesses, as private businesses are also experiencing the consequences of a government shutdown. This article discusses potential consequences small business owners should be aware of.…

Companies are targeting Generation Z through personalized marketing strategies. This article discusses why personalization will drive marketing strategies for future consumers. To view this article, click the following link to access the original content. https://www.entrepreneur.com/article/326608

The economy, trade, local regulation, and consumer trends are among the many things that influence the family business industry. This article predicts five key trends that will influence the family business industry in 2019. To…

Social media plays an integral part in marketing, but marketers should be wary of the future social media marketing has for coming generations. This article discusses the rejection of some social media platforms, and what…

Hiring senior-level employees is a big organizational decision that will impact the future of your company. This article discusses what to keep in mind when recruiting someone for a senior-level position. To view this article,…

More social media engagement means more business, which is why business owners should look to increase their engagement levels in 2019. This article discusses seven tips for increasing social media engagement and traffic in 2019.…

Although it is early, the market friendly tax reform plan has enabled stock market and economic growth so far in 2018. This article discusses predictions for the market in the future and how the tax…

As a business leader, motivating employees starts with understanding their workload and doing everything possible to keep your workforce happy. This article explains why keeping employees happy through commitment and creativity should be a top…

Many people are wondering how their estate taxes will be impacted under the new tax reform guidelines. This article explains certain tax ramifications that may be unintended, but will certainly influence your estate planning process.…

As the blockchain revolution begins, businesses are finding new ways to implement the technology into the products or services they offer. This article discusses ways that blockchain will eventually change your business, and why your…

Although unpleasant, discussing your family business’ short term succession planning is crucial.    This article discusses why family businesses should talk about and plan for the unexpected. To view this article, click the following link…

Business owners can proactively plan for their retirement all while growing their business. This articles discusses three tips you should consider when creating a retirement strategy and planning for the future of your business. To…

As a small business owner, you are undoubtedly faced with a hectic schedule that leaves you minimal free time. This articles discusses productivity and time management tips you can use to help you fit more…

As new products, consumer trends, economies, and business models emerge, it is important for family business owners to adapt and be open to change. This articles discusses why family businesses must innovate and create initiatives…

The passing of the Tax Cuts and Jobs Act resulted in a lower tax rate for corporate America. How do these lower taxes compare to other countries around the world? This articles discusses the benefits…

Creating price points for your products usually starts with looking at the prices of similar products within your industry. This article explains how your perception as a seller is valuable, and discusses three questions to…

Those that take risk and go beyond their comfort zones are more likely to see success earlier in their careers. This article discusses how professionals can embrace the challenges of failure to ultimately find success.…

The key to obtaining more clients is knowing the differences between what you can provide and how you can deliver results. This article explains how obtaining more clients begins with marketing your results rather than…

New details have emerged from the IRS that explain how small business owners may be able to obtain different tax breaks. This article discusses the different rules the IRS has proposed, and what this means…

Partner buyouts have become much more reasonable, as the SBA has changed a rule that will now allow a buying partner to qualify for a loan without fronting equity. This article discusses the new adjustments,…

Family businesses are being forced to innovate and change, and those that act quickly and decisively usually deliver better results. This article explains the need for constant innovation, the importance of relying on older generations,…

Success can come in many varieties, but the foundational traits in a successful person are similar.   This article discusses the correlation between your life habits and your success, and explores the three traits that…

U.S. economic interests may take a significant blow if the U.S. continues to impose tariffs on Chinese manufactured goods. This article explains how business leaders across the U.S. are feeling about the continued trade war,…

For a small business, websites are a way to attract customers, enhance outreach, and market your product to almost anyone that has access to the internet. However, small business owners can make mistakes when it…

Family businesses are full of ups and downs, and managing your family in a business setting can be difficult. This article discusses five tips you can use to make running your family business a little…

There is no question that positive customer experience directly correlates with your business’s success. This article discusses four things your business can do in order to provide outstanding customer experiences. To view this article, click…

As tax reform begins in America, many businesses might want to consider filing as a C corporation. In an article from Inc., author Zoe Henry writes, “Most U.S. small businesses currently don’t qualify for the…

Directing changes can be a difficult task for any business leader. As the business world evolves, what are some ways that companies are keeping up with the changes of consumers? In an article from Disruption…

As 2018 begins, business owners are paying close attention to the trends that will impact their businesses. In an article from Fortune, author Alan Murray discusses five trends that he will be watching: Recession watch…

As an entrepreneur, if you are considering venture capital to fund your startup, be sure to study the state of your current market. In an article from Entrepreneur, author Jayson DeMers writes, “For the past…

The new tax plan is a jolt for business, and not just corporate giants. Small businesses and other ‘pass-through’ entities are also benefiting. In an article from Dallas News, author Tom Benning writes, “And while…

Future employees might not need office space and scheduled hours, but instead work from home on their own time. This article explains why a third of the workforce will be working from home in the…

Be sure to take advantage of the many hidden write-offs you may be able to claim on your 2017 tax returns. This article discusses the seven different deductions you may be able to claim on…

Businesses will no longer have incentives to move their businesses offshore for tax purposes, due to the new tax code. This article explains the new international tax system, and why businesses will be inclined to…

With the passing of the new tax act, business owners should carefully prepare for the upcoming tax season. This article discusses steps business owners can take to ensure proper tax filings, and the importance of…

With tax season approaching, it is important for business owners to not overlook the changes in the tax laws. This article discusses some common tax mistakes to avoid if you are a small or family…

While most businesses grow by beating out the competition, some businesses have instead created a larger target market that holds more opportunities. This article explains why you should consider a five-step approach to creating new…

As a business owner, being willing to adapt to changes in technology and the business world will pay off in the long-run. This article explains why startup companies should disrupt traditional practices while paying close…

Most businesses can attribute success to the amount of traffic their website generates, but actually getting people to your website can be challenging. This article discusses tactics small businesses can use to generate more traffic…

As baby boomers begin to leave the business world and move towards retirement, it is important to consider the transition of the next generation. This article discusses key questions to consider when creating a succession…

Cybersecurity attacks are a new norm, and business leaders must employ cyber resilient tactics to protect important information. This article explains 4 important steps your business can take to increase cyber resilience. To view this…

As a small business owner, consider outsourcing services to free up employee time and retain revenue. This article discusses the benefits of outsourcing services, and a couple departments you should consider for outsourcing. To view…

Getting someone’s attention is hard, and having him or her stay on your page is even harder. While there is a lot of competition out there in terms of search engine optimization, getting someone to…

Innovation has changed the business world for centuries. However, in the 21st century, innovation has become the norm. With technology giving us the ability to do so many things, how can business owners find a…

Blockchain technology is beginning to appear in every industry. At first glance, blockchain is a database that has a lot of potential in finance and business. With the recent and sudden growth of Bitcoin, blockchain…

Last week, the same Texas judge who originally struck down the overtime rules proposed by the Obama Administration, upheld his ruling. Many experts see this as the final blow for the proposed increase in the…

Close to half the population of the United States could be affected by a recent cyber attack on Equifax, one of the three largest American consumer credit reporting agencies in the United States. The company…

With the rise of technology, a new state of commerce has emerged. “Card-not-present” transactions might pose a threat for your business. Protecting your business by not falling victim to fraud is becoming harder than ever…

Administrative tasks may seem small compared to corporate meetings, but they are just as important to a company’s success.  How much time does your business spend on administrative tasks? According to an article from CPA…

Engaged employees will go above and beyond what they are asked to complete. While engaged employees take business to new heights, getting employees engaged can be challenging. In an article from Inc., author Adam Fridman…

Disruptive technology is on the verge of taking over the business world. For those businesses that are not ready for such an impact, could disruptive technology wind up damaging business and consumer relations? In an…

As businesses migrate online, cybercrime is beginning to expand. Not only is digital fraud impacting online stores, the process of how hackers penetrate databases in evolving. In an article from Disruption Hub, author Laura Cox…

On October 13, 2017, the Social Security Administration (SSA) publicized a number of policy adjustments that will go into effect for 2018. The changes include the following: The maximum amount of wages subject to the…

On Thursday, House Republican leadership continued their efforts for tax reform, presenting a new tax bill containing a wide variety of changes for both business and individual tax rates, writes Anna Edgerton and Erik Wasson…

Business growth can stall due to lack of identity. Business owners should focus on their strengths while leveraging new technology to create a competitive advantage.   In an article from Entrepreneur, author Nancy Harris writes,…

Customers are beginning to expect personalized shopping experiences. Using the latest consumer  trends, ecommerce companies will be able to grow their businesses. In an article from Entrepreneur, author Thomas Smale writes, “Much has been said…

While raw data is readily accessible in today’s modern world, not every business uses data to enhance a customer’s experience. Businesses can use data to align your products and services. In an article from Disruption…

Bitcoin has made headlines in the past week as the value skyrockets. How are world leaders responding to the cryptocurrency? In an article from Business Insider, author James Stafford writes, “Cryptocurrency may be one of…

As the tax reform proposal continues its journey to potential passage, we thought we would offer you a brief look at the similarities and differences in the House and Senate tax bills. Both bills have…

As the holiday season nears, be on the lookout for email phishing scams that could access your personal data and taxes. According to an article from CPA Practice Advisor, “The most common way for cybercriminals…

With the widening talent gap in technology, it will be increasingly difficult for businesses to find an employment standard. In an article from Disruption Hub, author Laura Cox writes, “As enterprises inevitably enter the digital…

Cyberattacks have reached a critical level, hitting unprecedented numbers last year. It’s estimated that data breaches were up 40% in 2016. A common misconception is that these attacks only happen in the banking or healthcare…

According to data from 2015, over nine million U.S. businesses are now women owned. However, there are still hurdles women face as entrepreneurs, generally unique from their male counterparts. In a recent article for Business…

In addition to the added expense, there are a number of other factors to consider when considering salary increases for your employees. Whether or not the addition to your bottom line makes raises feasible, Josh…

When you own a business, you’re accountable for its success. However, if you have a strong, entrepreneurial team supporting you, you can be confident in relying upon them to make daily decisions without your direct…

Business owners and managers know that keeping the best employees isn’t easy. In an article for Entrepreneur, Matthew Wride, COO of DecisionWise, provides a series of questions for leaders to use in order to evaluate…

On Wednesday, the White House unveiled the administration’s proposed tax cut plan, which, if approved, would be the biggest tax cut and largest tax reform in the history of the United States.  Top economic advisor,…

“We are on the edge of a precipice,” writes Walter Loeb, for Forbes. As the popularity of ecommerce increases, the security of the US retail industry becomes ever weaker. As an ever-increasing amount of sales…

A sophisticated and rapidly-spreading attack hit the accounts of Gmail users earlier this week, affecting as many as 1 million people, according to a statement issued by Google late Wednesday evening. “We have taken action…

Owning a business is a time-consuming pursuit; many entrepreneurs credit their success to education but struggle to find the time to continue learning while also managing their business. In a recent article for Entrepreneur, Scott…

Communication has gradually become more digital and less personal, prompting us to slowly lose our personal communication skills. With the digital age being full of texts, emails, phone calls, and social media, we find ourselves…

Marketing strategy, like all aspects of business, is an important part in running a successful company. While starting a new marketing strategy can be fun, they cannot be successful without hard work and dedication. In…

As graduation season comes to an end, there is a renewed sense of motivation from those who are beginning  their careers. These graduates are not from the Millennial generation, but rather are their own new…

In every business, those who can tackle problems rather than complain about them are bound to succeed. Problem solvers, not whiners, always end up winning in business. In an article from Entrepreneur, Jill Schiefelbein writes,…

Did you know that employers claim about $1 Billion in tax credits each year under the Work Opportunity Tax Credit Program (WOTC)? The WOTC was formed to encourage employers to hire those looking for work…

Did you know that the IRS uses your social media use as part of their audit determinations? Be careful when you post about how much money you saved during tax season! In an article from…

Creative differences in the workplace can lead to messy situations. While some differences have easy resolutions, there can be times when both parties cannot find common ground, leading to a strained and tense workplace. How…

The era of using paper processes is coming to an end. Businesses are switching to technological advances that allow them to ditch paper. But not every business is opting to get rid of paper processes.…

In the business world today your business can either be known as a disruptor or the disrupted. Success in any industry relies on a CEO’s ability to see changes in the market and react accordingly.…

Business leaders all live busy and sometimes stressful lives. This article from Inc. offers advice for five things you can do daily to help you and your business be more productive. Author Jordan Scheltgen writes,…

Growing your network is one of the most important skills anyone can have in the business world. But how are you supposed to network when you hate networking? Surprisingly, it is easier than you think!…

Late yesterday, a federal judge in Texas blocked the Department of Labor’s ruling on overtime pay, which was set to take effect on December 1st. This is the ruling that would require employers to pay…

There are some prevailing stereotypes associated with successful CEOs. They’re loud and extroverted, with a penchant for self-promotion. While that might be true of some, there’s a lot more to a CEO’s success than those…

The Internal Revenue Service (IRS) has issued a reminder that it will be delaying refunds for taxpayers claiming the Earned Income Tax Credit (EITC) or the Additional Child Tax Credit (ACTC). The delay is meant…

It’s a common misconception that there’s only one type of networking style. In Jessica Stillman’s recent Inc. article, she explains the three types of networkers: Player: this is the one most people associate with successful…

The IRS has announced mileage rates for 2017, some of which are lower than 2016 rates. Here are some of the details from Journal of Accountancy: For business use of a car, van, pickup truck,…

Hopefully, 2017 will be a year of great prosperity for you and your business. What risks will businesses face in the coming year? CPA Practice Advisor’s managing editor Isaac O’Bannon reports on the findings of…

Happy 2017! Hopefully, this year will be filled with good health and prosperity, both for you and your business. Have you made any resolutions? It’s common to head into the new year with ambitious goals,…

Last year, fraud rose to unprecedented levels. IRS estimates indicate a 400% increase in phishing and malware incidents during the 2016 tax season. Criminals are finding more and more ways to sidestep the safeguards put…

Are you considering partnering with another business owner to grow your company? A short video from Entrepreneur features successful business owners with their best advice for anyone considering a partnership. Here are some of the…

What are entrepreneurs doing to grow their businesses in the coming year? That’s the question from a new survey of small business owners. Things like the political changes, technology, interest rates, and the employment market…

The multi-generational home is making a comeback. It’s not just Millennials who are moving back with their Generation X parents. In addition, Generation Xers are welcoming their Baby Boomer parents into the household. There can…

Would you know a tax myth from a tax fact? As tax season approaches, there are many myths swirling around about the IRS, tax returns, tax deduction, and anything tax-related. How do you know what…

As a business leader, there are so many aspects that need your attention. So where do you focus your energy? In a new article from Inc. magazine, entrepreneur Martin Zwilling gives tips for becoming an…

Are you someone who prefers being in charge, and is comfortable handling all the responsibilities of being CEO, or are you someone who could benefit from sharing the load with another capable leader? Author Gwen…

The IRS audit is every taxpayer’s fear, even those who are honest and diligent. However, IRS audits are less common than many Americans believe. The likelihood of an audit does tend to increase with a…

Are your top performers satisfied at your business? Hopefully you have an open dialog with your employees, and you have an idea of how they’re feeling about their jobs. However, there are some things that…

Section 415 of the Tax Code, which limits the allowable contribution amounts to retirement plans, is reviewed every year and cost-of-living adjustments are made. The IRS has determined that beginning in 2017, some of these…

With President-Elect Donald Trump and the House and Senate both Republican majority, you may wonder what that means for your taxes. We’ve put together some information about how you might see your taxes change, possibly…

Earlier this year, The Department of Labor announced a Final Rule on overtime pay. Hopefully, you’ve had time to prepare for implementation, which occurs December 1, 2016. Here are some key provisions of the Final…

Holiday shopping season goes into full gear this week, as consumers and retailers prepare for Black Friday. Whether you’ve meticulously planned out your purchases or you just wing it and buy everything on December 23rd,…

As we build greater protections against cyberattacks, criminals find ways to adapt. They adjust their strategies to stay ahead of the law and avoid detection. Their newest tactic is to send individually targeted emails –…

Industry experts have determined that benefits are growing in importance to job searchers. A new study suggests that 57% of prospective employees rate perks and benefits as major considerations when accepting or declining a job…

Have you thought about planning for the day you sell your company? Maybe you’re still growing your business, or you’re still heavily involved in the day-to-day operations, and you haven’t thought about leaving anytime soon.…

  As you know, the Department of Labor announced new regulations in May regarding overtime pay for full time employees. Tammy McCutchen, the DOL’s former Wage and Hour Division administrator, spoke recently at a conference…