Have you ever zoned out at the CPA's office because what they were saying made no sense, or felt like you had to ask a dumb question because they keep using a word that you are unsure of the meaning? We've compiled a list of the most-used and most-needed terms that should help you navigate your [...]
It may be beneficial to consider taking advantage of state tax credits when planning charitable giving. If you contribute to a qualifying charity, you could receive a credit on your state taxes and a deduction for the difference on your federal taxes. For example, if you make a $1,000 contribution to a charitable organization that is [...]
Setting up a business and deciding which method of accounting has a considerable impact on how your financials look. The critical difference between these two methods is timing. With the cash method, you would recognize revenues and expenses when cash exchanges hands With the accrual method, revenue is recognized when earned, and expenses are recognized when [...]
“Entrepreneurs are people who give up security in exchange for opportunity. Unlike most people who are content with a job, a regular paycheck, and clearly defined responsibilities, entrepreneurs are willing to jump into the unknown, betting on their intelligence, expertise, and ability to problem-solve and create solutions in the hopes of generating a profit.” – The [...]
Saving money on taxes might be the most common question that a business owner has for their tax professional. But really, as a business owner, you should be asking how you can make the most of the current tax code, as it is written, and ensure your maximum refund. Unfortunately, most business owners are so busy [...]
With roots back to the 1930s, donor-advised funds (DAF) have become more popular as philanthropic vehicles to increase giving and reduce tax liability. But what makes a DAF so appealing, how do they work, and how can one decide if it would be the right choice for them? The goal of this blog will be to [...]
Listening is an essential communication skill. One that is often overlooked when thinking about how to further conversation and build relationships. By using these best practices, you can become a better listener and improve your communication skills as a result. Listen to What Others are Saying Sure, this sounds completely obvious, but when you really stop [...]
The documents you need to file your tax return depends on your situation and is different for everyone. Some individuals receive a W-2 from their employer, whereas others own a business and the documentation required can be more complicated. Consider what, if any, changes happened during the year. Did you get a new job? Did you [...]
Have you ever had constructive feedback for a co-worker, but were afraid it might hurt that person’s feelings? Have you ever received criticism from a supervisor or co-worker that upset you? Chances are that we’ve all encountered these two situations. Why is it so difficult to offer or accept constructive criticism? The answer is simple. If [...]
As a business owner, you have the opportunity to grow your business purposefully and instill trust and confidence in your clients. I've worked with many business owners in my professional career and noticed a few key strategies I'd like to share with you on your path to business success. Embrace Change and Adapt Those who do [...]
