If your business sponsors a 401(k) plan, you might someday consider adding designated Roth contributions. Here are some factors to explore when deciding whether such… Read More »Should your business add Roth contributions to its 401(k)?
Merger and acquisition activity in many industries slowed during 2020 due to COVID-19. But analysts expect it to improve in 2021 as the country comes… Read More »What are the tax implications of buying or selling a business?
If you’re getting ready to file your 2020 tax return, and your tax bill is higher than you’d like, there might still be an opportunity… Read More »Didn’t contribute to an IRA last year? There still may be time
The events of the past year have taught business owners many important lessons. One of them is that, when a crisis hits, customers turn on… Read More »Building customers’ trust in your website
A number of tax-related limits that affect businesses are annually indexed for inflation, and many have increased for 2021. Some stayed the same due to… Read More »Many tax amounts affecting businesses have increased for 2021
If you’re like many Americans, letters from your favorite charities may be appearing in your mailbox acknowledging your 2020 donations. But what happens if you… Read More »Did you make donations in 2020? There’s still time to get substantiation
Using a strengths, weaknesses, opportunities and threats (SWOT) analysis to frame an important business decision is a long-standing recommended practice. But don’t overlook other, broader… Read More »The many uses of a SWOT analysis
Many people are more concerned about their 2020 tax bills right now than they are about their 2021 tax situations. That’s understandable because your 2020… Read More »2021 individual taxes: Answers to your questions about limits
This year, the optional standard mileage rate used to calculate the deductible costs of operating an automobile for business decreased by one-and-one-half cents, to 56… Read More »The cents-per-mile rate for business miles decreases again for 2021
Although electric vehicles (or EVs) are a small percentage of the cars on the road today, they’re increasing in popularity all the time. And if… Read More »The power of the tax credit for buying an electric vehicle
Over the past year, the importance of leadership at every level of a business has been emphasized. When a crisis such as a pandemic hits,… Read More »Are your supervisors adept at multigenerational management?
Many business owners generate financial statements, at least in part, because lenders and other stakeholders demand it. You’re likely also aware of how insightful properly… Read More »View your financial statements through the right lens