Business Advisory & Planning
Is Your Business Facing Any of These Legal Landmines?
The potential for costly errors when managing your workforce is high, but unnecessary if the proper planning is put into place from the start. To make the most of your role as an employer, make sure you understand the following common mistakes and how to avoid them. At-Will Employment Misunderstandings At-will employment is a concept…
Read MoreWomen Leaders in Business: The Bottom Line
Do women have it tougher than men in the corporate world? Many signs point to yes, but a 2015 report released by New York analytics firm MSCI suggests companies with strong female leadership show greater returns on equity than those without. The report found companies with strong female leadership held a 2.7% return on equity…
Read MoreIs Your Small Business Being Audited? Stay Calm and Read On
Audits can happen to any business. Small businesses are no exception. The IRS can conduct an audit on your business when your tax filing contains questionable deductions, your business is of particular interest to the IRS or by random selection. Contrary to popular belief, being audited doesn’t necessarily mean you did anything wrong. And for…
Read MoreHiring? Great! Here’s How to Get Started with Your First Employee
Up until now, you alone have been running your small business. Now you need help. The moment when a small business owner decides to hire his or her first employee is one of triumph. Conversely, knowing how to start the hiring process can be a moment of confusion. If you’re ready to hire your first…
Read MoreMillennials and the Family Business: When New Values Meet Old
Millennials are taking their places at office desks around the nation. This burgeoning generation is just starting out, which means changes for family businesses with millennial family members who stand to inherit the family business. Of course, this scenario raises certain concerns for baby-boomer business owners as they look to the next generation of workers.…
Read MoreOvercoming Small Business Challenges through Operational Strategies
As with so many things in life, some of the same qualities that help small businesses succeed, can also lead to their demise. Fortunately, much of that risk can be lessened through operational excellence. For example, the owners and managers of small businesses often know each other before they go into business together. Sometimes, they’re…
Read MorePersonal Growth as the Path to Support Financial Growth of Your Business
Many businesses can be started with a small financial investment. Online consignment, pet-sitting, and rideshare driver are just a few. But to grow your business, you need not just capital but internal insight. You need to understand just what makes you tick, otherwise the business will either quickly take over your life or it is…
Read MoreThe Benefits of a Business Succession Plan
When most people think about planning for death, they envision personal estate planning. But even if you are already proactive in that area, you may not be finished if you own a business. Succession planning for business owners is at least as important as personal estate planning, maybe even more so because you have a…
Read MoreYour Family Business Legacy Matters Enough to Do These Three Things
Your family-owned and run business can be the greatest gift or the greatest burden to the people you love, if and when something happens to you. If you’ve planned well and properly for your business to be continued, managed or sold, it will be the gift that keeps on giving and shows your family just…
Read MoreSupreme Court’s Affordable Care Act Decision and Small Businesses
The United States Supreme Court’s recent decision in King v. Burwell clears up a final lingering question surrounding the Affordable Care Act. Issued June 25, 2015, the decision upheld the tax credits that are intended to make health insurance affordable for millions of Americans. The credits are available to those whose employers do not provide insurance and…
Read More