Should I hire a CFO or Controller? When it comes to managing the finances of a company, two roles that often come up are that of a controller and a chief financial officer (CFO). While these two positions may sound similar, they have distinct differences. They differ in terms of their responsibilities and the level
Category Archives: Advisory|Strategic Guidance|Value Building
17
May
May
What is a CPA? A Certified Public Accountant (CPA) has a lot of different roles when it comes to their job description. Most people think that CPA’s only do taxes but that isn’t always the case. While tax preparation and planning are common areas of expertise for CPA’s, they possess a wide range of skills
Advisory|Strategic Guidance|Value Building, Financial Reporting|Strategic Guidance, Strategic Guidance|Tax, Uncategorized
Reasonable Compensation for S Corporation Shareholders
19
Apr
Apr
S-corporations are a popular choice among small business owners. They offer a range of tax benefits, such as avoiding double taxation and passing profits and losses onto shareholders. However, S-corporation shareholders must ensure they receive reasonable compensation for their services to the corporation to avoid triggering tax penalties from the Internal Revenue Service (IRS).
22
Feb
Feb
Overview Real estate is a great place to invest your money and is often used by many people for this reason. When it comes to holding real estate it is important to do it in the smartest way. We see a lot of our clients holding real estate and there are always a few things
15
Feb
Feb
What is Estate Tax While only six states currently have estate tax, California is not one of them. California is not subject to state level estate tax, but it is still subject to federal estate tax. Estate tax is basically a tax on your right to transfer property at your death. Your estate may consist
31
Oct
Oct
Knoster Model For Managing Complex Change If you are trying to implement new changes to your team, as a leader is important that they have the right tools to succeed. Often times we wish there was a plan or formula for success, well when we look at the Knoster chart we are given
Advisory, Advisory|Strategic Guidance|Uncategorized, Advisory|Strategic Guidance|Value Building, Advisory|Tax, Strategic Guidance|Tax, Tax, Uncategorized
What do changes in depreciation rules mean for me in 2022-2023?
15
Jun
Jun
Most taxpayers have gotten very used to taking 100% bonus depreciation. Most of the time, people have been getting used to taking 100% bonus and writing off whatever they’re spending on capEx. This has been the case since the Tax Cuts and Jobs Act in 2017 – the Trump tax cuts. You may be thinking
03
Feb
Feb
According to the annual Business Reference Guide written by Tom West, 70-80 percent of businesses do not sell. One of the reasons this happens is because many business owners focus on current income generation as opposed to building the value of the enterprise. Profit or income does not automatically translate to enterprise value. Enterprise value