🖨 Print⏱ 4 min readIt can be hard to build up your own business, but it can be harder to sell it for what it’s worth. In fact, only around three in 10 family-owned businesses survive for the next generation. Whether family-owned or in a partnership of non-family owners, business succession is no easy feat. … Continue reading “Ideas for Small Business Succession Planning”
🖨 Print⏱ 3 min readWhen it comes to running a business, having outstanding invoices that turn into uncollectible receivables or simply bad debt is a fact of life. The Internal Revenue Service (IRS) has a safe harbor that permits businesses to reduce consideration of such bad debt from taxation if it qualifies. However, understanding how … Continue reading “A Look at the Nonaccrual Experience Method”
🖨 Print⏱ 3 min readWhat if you could lower your grocery bill without giving up the things you love, fight inflation, and have some money left at the end of the month? Sounds too good to be true? It’s not. It’s the Half Rule. This means cutting the amount of product you use in half and … Continue reading “How to Save Money with the Half Rule”
🖨 Print⏱ 3 min readHomebuyers Privacy Protection Act (HR 2808) – Introduced by Rep. John Rose (R-TN) on April 10, the House passed this bill on June 23, and the Senate passed it on Aug. 2. Signed into law on Sept. 5, this bipartisan bill prohibits a consumer reporting agency from selling a mortgage applicant’s … Continue reading “Enhancing Homebuyer Protections, Wildfire Risks, 911 Response and Domestic Manufacturing”
🖨 Print⏱ 3 min readLife insurance is something most of us don’t want to talk about. But the truth is, no one gets out of life alive. So, it might make sense to face it now so that when you really need it, it’s there. Before you start looking for a life insurance policy, let’s … Continue reading “5 Myths About Life Insurance”
🖨 Print⏱ 5 min read Not everyone can make large charitable contributions. But there are ways to be charitable without spending your discretionary income while at the same time lowering your tax bill. Even those who can make large donations benefit from the tax advantages of a cashless donation. The following are ideas for cashless … Continue reading “Cashless Charitable Contributions”
🖨 Print⏱ 4 min readBased on statistics from the World Bank, the United States government spent 3.59 percent of its 2022 gross domestic product on research and development. While private businesses spend on their own research and development costs, it’s important for businesses to treat these expenditures appropriately. When it comes to research and development … Continue reading “Capitalizing Versus Expensing Research and Development”
🖨 Print⏱ 4 min readArtificial intelligence (AI) is one of the most talked-about technologies today. It has taken a shift from the broad general-purpose tools to specialized innovations that promise real impact. AI is dominating headlines with investor pitches. There has also been a surge in startups promising AI-powered solutions. However, some businesses have already … Continue reading “Beyond the Hype: A Strategic Blueprint for AI Investment in 2025 and Beyond”
🖨 Print⏱ 3 min readAccording to the Federal Reserve Bank of St. Louis, collection agencies saw $16.28 billion in revenue in 2019. While revenues have declined somewhat in recent years, unpaid invoices are still big business. Accounts receivable aging reports can help companies identify and mitigate unpaid invoices and potentially lower a business’ need to … Continue reading “How to Evaluate Accounts Receivables”
🖨 Print⏱ 3 min readRescissions Act of 2025 (HR 4) – A rescission bill cancels funding previously approved by Congress upon request by the president. Congress has 45 continuous legislative days to enact or reject the proposal, during which time the funds may be temporarily withheld. Introduced by Rep. Steve Scalise (R-LA) on June 6, … Continue reading “Canceling Government Funding and Expanding Protections for Veterans”
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