Small business owners need to plan for the 2021 tax year, even though there's still significant uncertainty about the fate of the tax proposals currently being discussed by Congress. Are there any tax-smart, last-minute moves that could help lower your taxes this year? Here are five strategies for you to consider as you wrap up 2021.
Read MoreTags: Accounting, CPA, Value of Business, Company Worth, Market Conditions, Year-end tax planning, small business, tax planning
After years of declines, new business formation is on the rise, according to the most recent statistics from the U.S. Census Bureau. For individuals pursuing the dream of exercising their entrepreneurial muscles, they will face the same question, "Which business structure should I adopt?" Each option is presented in this post with its own set of pros and cons.
Read MoreTags: Accounting, CPA, C-Corporation, Limited Liability Company, Sole Proprietorship, Partnership, C-Corp, S-Corp, S-Corporation, LLC, Business Structure
Most business owners know the basics of the business valuation process. For example, you might know that there are three approaches to value: the cost, market and income approaches. You might even know some of the methods that fall under these approaches, including the...
Read MoreTags: Accounting, CPA, Business Valuation, Valuation Analyst, Regulatory Environment, Competition, Industry Outlook, Webinar, How Much is My Company Worth, Value of Business, Company Worth, Market Conditions
Payroll Protection Plan (PPP) loans were a lifeline for many small business owners during the worst of the pandemic-driven economic slowdown. In total, the Small Business Administration (SBA) approved nearly 12 million PPP loans, averaging $67,000.
The PPP program stopped accepting loan applications on May 31, 2021. However, you still may need to complete the requisite forms to ensure that your loan will be forgiven. You can't afford to miss the deadlines for filing this paperwork.
Read MoreTags: Accounting, PPP, CPA, Deadline, PPP Forgiveness
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