Most people know that donating to charity can have tax benefits. But did you know that with the recent tax code changes, fewer and fewer people are benefiting from their cash donations? In fact, you’re even less likely to benefit from your charitable giving if you aren’t making mortgage payments or have a lower annual […]
Employee Retention Credit in 2021: What Construction Businesses Should Know
Employee Retention Credit for Construction Businesses As we near the midpoint of 2021, several industries are returning to business as usual. Unfortunately, the construction industry is yet to be one of them. From employee shortages to material price increases, the construction environment continues to change. Thankfully, economic relief measures continue to be accessible through the […]
How to Minimize the Impacts of COVID on Your Company’s Value
Kyla Hansen, CPA, CVA After more than 18 months of living amid COVID restrictions, the light at the end of the tunnel is near. Few are more relieved than business owners. Yet despite the return to “normalcy,” some business owners hear a small voice asking, “Do we really want to go through something like this […]
There is a Lot More To Juggle Than Tax Filings This Year
Todd Koch, CPA, MBT, CFP As a small business owner, I am used to juggling many different projects at the same time. In a normal tax season the number of projects at a time that we have to juggle increases. But after 40 years, it is something I have learned how to manage. But this is […]
Choosing a Personal Representative for Your Estate, Part 1: Why It Matters
By Cynthia McLagan, EA Choosing a personal representative is one of the most consequential decisions you’ll make when planning your estate. Failing to choose the right person—family member or otherwise—could result in the mismanagement of your estate. This, of course, could cause your wishes to be disregarded. If you don’t name a personal representative in your will, […]