Tax reform expands availability of cash accounting

Tax reform expands availability of cash accounting Under the Tax Cuts and Jobs Act (TCJA), many more businesses are now eligible to use the cash method of accounting for federal tax purposes. The cash method offers greater tax-planning flexibility, allowing some businesses to defer taxable income. Newly eligible businesses should determine whether the cash method […]

December 31, 2018


Family businesses need succession plans, too

Family businesses need succession plans, too Those who run family-owned businesses often underestimate the need for a succession plan. After all, they say, we’re a family business — there will always be a family member here to keep the company going and no one will stand in the way. Not necessarily. In one all-too-common scenario, […]

December 27, 2018


Catch-up retirement plan contributions can be particularly advantageous post-TCJA

Catch-up retirement plan contributions can be particularly advantageous post-TCJA Will you be age 50 or older on December 31? Are you still working? Are you already contributing to your 401(k) plan or Savings Incentive Match Plan for Employees (SIMPLE) up to the regular annual limit? Then you may want to make “catch-up” contributions by the […]

December 26, 2018


2019 Q1 tax calendar: Key deadlines for businesses and other employers

2019 Q1 tax calendar: Key deadlines for businesses and other employers Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2019. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. Contact us to ensure you’re meeting all […]

December 24, 2018


Devote some time to internal leadership development

Devote some time to internal leadership development Many factors go into the success of a company. You’ve got to offer high-quality products or services, provide outstanding customer service, and manage your inventory or supply chain. But there’s at least one other success factor that many business owners often overlook: internal leadership training and development. Even […]

December 20, 2018