An adoption tax credit is a tax credit offered to adoptive parents to encourage adoption. Section 36C of the United States Internal Revenue code offers a credit for “qualified adoption expenses” paid or incurred by individual taxpayers. The tax code provides an adoption credit of…
What is a workflow? A workflow is a list of repeatable tasks that need to be performed in order to…
Trump administration officials and congressional Republican leaders are negotiating the terms of a tax reform bill. While they have not…
What with all the talk about “cash flow” and “cash flow management,” it’s worth your while to gain a better…
This article tries to draw attention to the role that accountants could play as business advisors within your business. Historically,…
When choosing for the right qualified CPA for your business, the goal is to find a business advisor who is…
Before getting into a discussion of common bookkeeping mistakes, it is worthwhile to address the importance of sound bookkeeping in…
One of the most significant, if not the most significant function within any secure business is that of risk management.…
A green business is a business that cares about its profitability while at the same time is constantly attentive to…
Small businesses looking to increase sales and profit, reduce dependence on the domestic market and stabilize seasonal fluctuations should consider…
Entrepreneurial finance is the process of making financial decisions for new ventures (i.e. startups). New ventures are inherently different from…
Most professionals have only a vague understanding of what Artificial Intelligence (AI) is or means. Absent an understanding of these…
So, you have an interest in owning and operating a franchise? Or maybe you know someone, such as a family…
If you’re contemplating executing a business project and want to be as prepared as you can be then we highly…
According to McKinsey & Company, the rapid shift of economic activity from established markets in Europe and North America to developing…
The world of financial literature is replete with discussion concerning how to identify successful projects and how to increase the…
For companies experiencing temporary cash shortages, asset-based financing may be an alternative that makes sense as a viable way of meeting its cash…
The position of Chief Financial Officer (“CFO”) is typically the “top of the pyramid” in the career path for those…
Rollovers as Business Start-Ups (ROBS) are financing mechanisms in which current or prospective business owners use their 401(k), IRA or other retirement…
Although the official tax filing date has passed us by, the subject matter of this blog is still relevant because…
Now that you’ve closed on your purchase of a business, what are you going to do? Sit back and watch?…
On many occasions, I’ve seen entrepreneurs embark on operating a family-owned business and thinking that it’s going to be easy…
One of my favorite sayings is “the only constant is change.” This saying certainly holds true in the business realm…
With so many possible deductions and credits available to the individual taxpayer it’s no surprise that the possibilities can get…
The core problem for every entrepreneur and small business starting out is the same. They need cash. That holds true…