Tracking progress and evaluating different aspects of your company’s performance is essential to ensuring your business is on the right path. Not only does this help you stay aligned with your strategic vision, but it also allows you to make informed adjustments to secure long-term...
Across industries, the last year has been challenging for U.S. companies. Uncertainty around the election, steep inflation, and high interest rates have introduced instability and financial pressures that have taken their toll on the business landscape....
Five predictions for the year ahead that will help manufacturers unlock opportunity....
In the wake of recent hurricanes, the Financial Crimes Enforcement Network (FinCEN) has issued temporary relief measures to assist businesses and financial institutions in affected areas. The relief primarily pertains to the reporting requirements under the Bank Secrecy Act (BSA), particularly for those impacted by...
The reasons firms merge vary, but they include such objectives as increasing size or geographic reach, acquiring or expanding a specialty practice, and succession planning....
Is your hobby a business? It matters to the IRS. The agency says your hobby is a business if it operates to make a profit. But it's not a simple determination. Here are some factors the IRS offers to help you ascertain whether your...
How do you measure how robust your business is? One of the key ways is by looking at financial ratios, which can be grouped into four categories....
Many banks and alternative lenders are out there vying for your attention. Once you decide on a lender, what's next? This post presents the steps you need to take to obtain your business loan....
This overview can help you learn more about IRS Revenue Ruling 59-60, which is regarded as the foundation of modern business valuation. The ruling outlines and reviews the approach, methods and factors to be considered in valuing the shares of the capital stock of closely...
The Tax Cuts and Jobs Act of 2017 expanded the federal estate and gift tax exemption to $11.2 million per person, or $22.4 million for a married couple. Under the Act, these higher limits are applicable through December 31, 2025. On January 1, 2026 the...
