March 2018

sell a business

How the Wrong Asking Price Can Kill Business Salability

From 2008 until 2012, the door was closed for almost all small closely held business exits. Especially in ’08, ’09 and ’10, very few people (and no lenders) were willing to take on the risk of a business purchase. Beginning in 2012, the market began to show signs of life. Since then the market has […]

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reduce stress

Do You Own a Business or a Job? or How to Reduce Small Business Stress

For most small business owners, day-to-day business operations are their biggest source of stress. They feel like jugglers, always keeping balls in the air and dealing with customer, vendor, and employee issues. You can reduce the stress from your small business by focusing on the answer to this question: Do I own a business or

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maximum business value

How to Leverage the Type of Buyer to Maximize Business Value

After you’ve estimated the value of your business, settled on a reasonable price range, and put the sale process in motion, there are proactive steps you can take to make sure that the sale is as successful as possible. From an objective point of view success means simply closing the sale. But from a subjective

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Tax issues

How Changes to Depreciation in the TCJA Will Affect Your Business

Dave McCarron is the founder and president of McCarron Accounting and Consulting CPAs in Winter Park, Florida. He has been serving the Florida community since 1990. Dave and I recently discussed a very “hot” topic: depreciation. He makes clear that the radical changes to depreciation in the new tax law will have equally radical effects

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business meal

Toni Springer Dishes About How the Tax Cuts and Jobs Act Changed Entertainment and Meal Deductions

Toni Springer is a CPA and President of Toni B. Springer, CPA P.A. in Altamonte Springs, Florida. She has been providing financial advice to small- and medium-sized businesses for 10 years. Today’s topic: Entertainment and meal deductions. Whether it’s the cost of ordering food for a late-night meeting or of taking a potential client to

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20 perfect qualified business deduction

Mapping Out the Brand-New 20% Qualified Business Income Deduction with Tammy Neel

Tammy Neel Pessmeg is a CPA and tax principal at Clifton, Larson, Allen, the ninth largest accountancy firm in the U.S. She has been handling tax issues for 20 years. Today, Tammy and I discuss Section 199A of the tax code, better known as the “Qualified Business Income Deduction” (QBID) or the “Pass-Through Deduction.” Unlike

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hurricane tax credit

Judy Rankin Explains Everything You Need to Know About the Employee Retention Tax Credit

Update: May 2020 As we hunker down for the upcoming hurricane season in 2020, it’s good to remind ourselves of the processes and laws that will potentially get renewed should disaster strike.  In 2017, hurricanes Irma, Harvey, and Maria ravaged large swaths of the U.S. In the wake of this devastation, Congress passed the Disaster

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