What Matters Most
“Nothing is less productive than to make more efficient what should not be done at all.” – Peter Drucker One of the things I ...
Five Steps to Recognizing Revenue in Financials
The FASB and IASB have provided standards for properly recognizing revenue in your financials. Using a five step process, companies recognize revenue based on the value and timing of when control of the goods and services are transferred to the customer. Learn about the standards and how to properly recognize revenue for your company.
Building A Vision For You
“It doesn’t matter when we start. It doesn’t matter where we start. All that matters is that we start.” – Simon Sinek It’s always ...
Lead Courageously
“Courage is resistance to fear, mastery of fear – not absence of fear.” – Mark Twain There are any number of traits that people ...
What Is an S-Corp Election?
Business owners often struggle with determining the optimal legal structure and tax treatment for their business. This video will explain an S-Corp tax election and how it may benefit you and your business.
It’s Not A Popularity Contest
“If you are afraid of being lonely, don’t try to be right.” – Jules Renard I was recently having a conversation with someone who’s ...
Improperly forgiven PPP loans are taxable
On August 19, 2022, The IRS Office of Chief Counsel released a memorandum saying that when a taxpayer’s loan is forgiven based upon misrepresentations or omissions, the taxpayer is ineligible to exclude the forgiveness from taxable income.
How Can You Change?
“A mind is like a parachute. It doesn’t work if it’s not open.” – Frank Zappa It goes without saying that the world we’re ...
Expect More IRS Audits
The Inflation Reduction Act allocated $80 billion to the IRS for hiring additional personnel and improving processes and technology. Learn about how this might affect audits and the time limitations for conducting an audit.
Falling Down & Getting Up
“Failure is the tuition you pay for success.” – Walter Brunell Sometimes, as leaders, we get frustrated with outcomes. We usually have pretty lofty ...
