Case Study Income before planning: $951,596 Income Tax before planning: $317,018 Income Tax after planning: $9,766 Savings: $307,252 Strategy Used: Multiple, including real estate, Cost Seg, time of write offs A dentist that owned two successful offices came to us with a huge estimated tax bill. The client owned the real estate upon which both […]
How to Increase Productivity in Your Business
Does your business not function as efficiently as you would like? Now is the time to assess your current business setup and improve productivity from both a managerial and employee perspective. Improving Productivity from a Management Perspective Review and Improve Technology As a business owner, you are constantly busy with running your business. This can […]
Pros and Cons of a Paperless Business
Has your bank, broker, credit card company, or maybe even your phone or utility company sent you information about getting your statements online instead of through the mail? Going paperless has its advantages — not the least of which may be seeing your countertop for the first time in months. But it also has its […]
Inflation Reduction Act of 2022
On August 16th the President signed into law the Inflation Reduction Act of 2022. While there are a lot of moving pieces within the law below are the key points we feel will concern our clients. The law gives the IRS additional funding: $3.18 billion for taxpayer services, $4.75 billion for business systems modernization, $45.6 […]
Small Businesses Facing Labor Shortages
Small business owners cite the unavailability of workers as one of their biggest challenges. The labor shortage means that employers cannot, in some circumstances, operate at full capacity and must forgo some revenue opportunities. Businesses may have to delay planned expansions or the addition of new products or services because of the scarcity of workers. […]
How Small Businesses Can Use Artificial Intelligence
Science fiction movies and books may portray artificial intelligence as a human-like giant brain with thousands of wires coming from it that control whole cities and their populations. The reality today is that artificial intelligence is unobtrusive, everywhere, and we are interacting with it multiple times daily without always recognizing that we are. Artificial intelligence […]