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, […]
Choosing a Personal Representative for Your Estate, Part 2: Avoiding Family Feuds
By Cynthia McLagan, EA In Part 1 of this two-part blog series, I explained the role of a personal representative and why it’s so critical to your estate. You can read it here. When choosing a personal representative for your estate, your first choice is likely to be a family member, such as your eldest child. But this might not always […]
How COVID Could Impact Your 2020 Financial Statements
By Joy McAdoo, CPA As we move into 2021, the COVID-19 pandemic continues to impact our way of life and, subsequently, our businesses. Not surprisingly, it continues to impact different businesses—and even different lines of business—in varying ways. Some businesses are having trouble keeping products in stock. Others, such as many within the hospitality industry, are struggling to keep the doors open. […]
5 Important Things to Look for in a Business Valuation Report
By Kyla Hansen, CPA, CVA If the events of the past year have caused you to rethink your current situation, you’re not alone. We’ve heard from many business owners who are wondering about the value of their businesses and if now is a good time to sell. If you’re in this boat, getting a valuation […]