Small business owners know that high performers seek out jobs that offer them an opportunity to grow and to develop professionally. Benefits are also important to job seekers. However, salary plays a major role in the decision to accept a job offer. Every owner of a small business struggles with the question of how much to pay a new hire. As a small business owner, you understand that applicable wage… Read More
Beyond Tax Season: Creating Revenue Stability Year-Round
For many businesses, especially those in the tax preparation industry, revenue can be heavily skewed towards the first few months of the year. The intense demand during tax season can create a boom-bust cycle, making it challenging to maintain stable income throughout the year. However, there are strategies that can help create revenue stability year-round, ensuring a more predictable and sustainable financial outlook. Diversify Your Service Offerings One of the… Read More
What’s the Value of Your Business?
Like most business owners, you have probably invested a lot of energy into growing your business. And like other business owners, you probably hope to exit your business at some point in the future with enough money to ensure your financial security. When the time comes to sell your business, you’ll have to determine its fair market value (FMV) to ensure you’ll receive a fair price. Since it is a… Read More
How High Net Worth Individuals Can Improve Their Tax Strategies
The tax code is constantly changing and updating, which means there are always new tax-saving opportunities for High Net Worth individuals. Charitable Giving: Donating to qualified charities can reduce the amount of your taxable income, thus lowering your tax liability. Tax-advantaged accounts such as 401(k)s, IRAs, and Health Savings Accounts. These accounts allow you to save money for retirement or healthcare expenses while also reducing your taxable income. Investing in… Read More
How The Rich Get Richer Using Tax Strategists Instead Of Tax Preparers
What’s the difference between a Tax Preparer, a CPA who specializes in tax preparation and a seasoned Tax Strategist? And which of these does your business need? It may surprise you to know that CPAs and Tax Strategists are two different professions and that a Tax Preparer is not necessarily credentialed. Here are the main differences: Tax Preparer: Does not have to be credentialed; prepares, calculates, and files income tax… Read More