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Trusted Answers From Licensed Business Professionals

Why You Need A Succession Plan For Your Business

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The fate of many small businesses often lie in the hands of only a small number of individuals. Despite this fact, many owners do not have a succession plan. This is also troubling given that recent census bureau data suggests that a third of small business owners are 55 or older and about a quarter are family-owned. How should you be thinking about succession planning for your business before it is too late? Read More.

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Is Your Business Setting Prices Too Low?

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Companies that are not actively exploring, testing and implementing new prices for their products or services may have difficulty sustaining their business over the long-term. Specifically, businesses that price their products or services too low will have difficulty reaching profitability. Those that raise prices too high will struggle to achieve their customer growth goals set forth in their business model. Finding the right price requires constant evaluation. Read More.

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Small Business Financing Webinar With Fundation

We recently had the pleasure of co-hosting a small business financing webinar with Fundation. We discussed small business loans and how they can benefit accountants, advisers and their clients. Read More.

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How Sales Tax Changes Hurt One Small Business

As we’ve mentioned in the past, nearly half of state revenue is generated from sales tax sources. As such, state auditors have been cracking down on businesses that do not comply with sales tax regulations. Read More.

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How Your Business Can Benefit From Mobile Point Of Sale

Retailers are incorporating technology into more and more of their business processes. Independent of the obvious cost-reduction and efficiency reasons for utilizing technology, their customers require it. As such, retailers need to consider the benefits for utilizing mobile point of sale systems. Learn how your business can benefit from this system. Read More.

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Should We Use QuickBooks Online or Xero for Bookkeeping?

While there are many options and factors to consider in making a decision, there are two cloud-based solutions that come up more frequently than others; QuickBooks Online and Xero. Read More.

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Offshore Bank Account Holders May Face Higher Penalties Soon

We are now one month away from the August 4th IRS deadline given to taxpayers that intentionally hid money at 10 offshore banks that are currently under investigation. Specifically, the agency recently announced changes to its voluntary disclosure program that will provide a hard deadline for certain taxpayers to disclose their foreign bank accounts in order to avoid higher penalties. Read More.

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Your business may be on the smaller size, but that doesn’t mean you have any fewer responsibilities than big business owners do. In fact, you probably have more on your plate. Chances are you’re involved in operations, human resources, development, marketing – and, of course, finance. Read More.

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What Qualities Should I Look For In A CEO?

It’s refreshing to learn that you have immediately recognized that you are not the right person to lead the company. I admire that as its one of the key qualities of a leader; being able to recognize your weaknesses and address them with those that are more capable and qualified. Read More.

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