Lending to friends and relatives can be tricky, and not only because of the stress it can place on your relationships, but there are tax issues involved as well. If you have to lend money to someone close to you, here are some tips to do it right in the eyes of the tax code. […]
Should You Turn Down a Work Opportunity?
Have you ever had a client or prospect ask you to do something you don’t feel good about doing? Perhaps it’s something your company has never done before and you’re not comfortable with it. Perhaps it involves too much scope creep, you’re simply too busy already, or they don’t value your service properly. Or perhaps […]
Does Your Business Need an End-of-Summer Checkup?
As summer winds down, your business’s financial statements may be due for a quick check-up. Here are several review suggestions to help determine the health of your business prior to year end. Balance sheet reconciliations. Reconcile each asset and liability account every quarter. A well-supported balance sheet can guide decisions about cash reserves, debt financing, inventory […]
When Should I Schedule My Tax Planning Session?
Now is the time to schedule a tax planning appointment. If you are on the fence, here are some things to consider: It can make a difference. This is especially true if you have a major event that occurs during the year. For example: Selling a house? You can avoid taxes if primary residence requirements are […]
How To Get Your Business Back On Track
Every small business eventually hits a rough patch. It’s easy to get discouraged when it happens. But look at the upside: you have infrastructure in place, you have existing customers and most importantly, you have the hard-won experience of knowing what works and what doesn’t. With that in mind, here are some ideas to get […]
Just Married? Tax Tips For YOU!
Marriage is a big moment for everyone. It’s taking the next step with the person you love and building a new life together. It can also be a time to make some pretty lofty decisions. Prepare for the decisions that come along with marriage life. Figure out how you’ll file your taxes. Making changes to […]