Know The Difference: Trust Vs. Will Protecting your assets and ensuring your family is well taken care of is an incredibly important responsibility. You want to ensure that your property and finances are protected and used in the fashion of your choosing once you’re no longer around. For this reason, estate planning is critical. Many
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Overlooking something vital may be even more common when it comes to taxes related to your investments, such as an IRA. To help prevent this from happening, here are a handful of common IRA tax traps in particular that you should be sure to avoid.
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Because of the role that the healthcare industry plays in all aspects of the economy, the financial management of healthcare providers and related companies affects everyone.
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People turn to financial advisors for their 401k management because they typically lack the time and knowledge to manage their retirement funds on their own.
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As you build your business, it will soon become clear (if it hasn’t already) that it’s necessary to bring in help, hiring or outsourcing to people whose expertise is to do things that aren’t your primary skills. So, if you are at that point, you may have considered hiring an accountant or a CPA advisor. But what exactly is a CPA advisor? And how can hiring or contracting one...
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Time is money. This mantra of the business world is a truism beyond any others, and making sure time isn’t wasted is critical to ensuring money isn’t wasted. For companies that bill hourly, having their employees track their time is critical to fair and responsible charging practices. Salaried employees of all businesses should be tracking their time, even if those hours aren’t then used to...
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With that shift into adulthood, Millennials are also accounting for a larger portion of the base of taxpayers across the United States. Their impact is not just restricted to avocado toast or iPhones. They are now a significant portion of tax clients and tax practices are recognizing the need to adjust to them.
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Most people start a business because they have an idea and a passion for sharing actual products or services. That being said, the financial aspects of a business will absolutely make or break a new and growing small business, so they cannot be cast aside without a solid plan. One of the increasingly popular strategies for taking care of these business needs is hiring a financial...
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The responsible and savvy business owners out there know the importance of keeping business records. You never know when you may be hit with an audit, when the legal need will arise to prove your paper trail, or when a financial institution may need to see proof of your business operations.
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Financial management is as critical to the health of your business as that original idea or execution on your product or service, but it may not be your top focus or an area you are excited to spend much time. That being said, financial management cannot be avoided. Keep your eye out for the following financial management errors to make sure you’re doing everything you can to do right by your...
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As your business grows, your costs and responsibilities will follow. Typical upgrade costs you may consider are a larger office space, a new security system, or office hardware. However, don’t let your everyday software get overlooked and pushed to the bottom of the list. The solutions that worked for your firm yesterday may no longer apply today.
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You’ve completed the project and hit it out of the park, not only meeting but exceeding all client expectations. For business owners, this feeling is treasured, but the dread and headache of realizing that a client has still not paid for services rendered is more profound.
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