private enterprise and family owned business

Business Planning: It’s Time to Get Moving on Your 2017 Goals

December 29, 2016

If you haven’t yet created a business plan for 2017, it’s not too late to catch the proverbial worm. The start of a new year is a great time to meet with your management team and analyz..

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Cash vs. Accrual Accounting: Different Ways to Count Your Beans

December 29, 2016

There are two accounting methods used by businesses to keep track of income and expenses, and it’s critical to understand the differences between the two. Cash-basis accounting is the..

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Can You Pay Bonuses in 2017 but Deduct Them This Year?

December 6, 2016

You may be aware of the rule that allows businesses to deduct bonuses employees have earned during a tax year if the bonuses are paid within 2½ months after the end of that year (by March 15..

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There’s Still Time to Benefit on Your 2016 Tax Bill by Buying Business Assets

November 28, 2016

In order to take advantage of two important depreciation tax breaks for business assets, you must place the assets in service by the end of the tax year. So you still have time to act for 2016. ..

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Year-End Tax Strategies for Accrual-Basis Taxpayers

November 21, 2016

The last month or so of the year offers accrual-basis taxpayers an opportunity to make some timely moves that might enable them to save money on their 2016 tax bill. Record and Recognize ..

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