Author Archives: Whittaker

Donating inventory can be a strategic move for businesses looking to manage surplus goods while supporting charitable causes. This process not only helps communities but also provides potential tax benefits. Here’s how businesses can donate inventory and what they need to know about tax deductions. Steps to Donate Inventory Identify Eligible Charitable Organizations: Ensure the

In today’s competitive business landscape, financial benchmarking has emerged as a critical tool for organizations seeking to optimize their performance and gain a competitive edge. By comparing financial metrics against industry standards, companies can identify strengths, weaknesses, and opportunities for improvement. This blog post delves into the best practices of financial benchmarking, exploring its steps,

Understanding Deductible Company Entertainment Expenses Running a business involves various costs, some of which can be deducted from your taxable income. Among these deductible expenses are company entertainment costs, which can provide opportunities to strengthen business relationships and boost employee morale. However, navigating the rules around what constitutes a deductible entertainment expense can be tricky,

Small and medium-sized enterprises (SMEs) often encounter significant challenges in managing their financial operations efficiently. This is particularly true for companies in the high-tech, manufacturing, and distribution sectors, where financial complexity can be high, and resources are often limited. One effective solution gaining traction is the outsourcing of Chief Financial Officer (CFO) services. This approach

When managing both a business and real estate investments, structuring your holdings wisely is crucial for protecting your assets. It is also important to consider when optimizing for financial management, and enhancing operational efficiency. One highly recommended strategy is to hold your real estate and your company in separate entities. Let’s explore why this approach