Family business focus: Taking it to the next level
Family business owners: Are you ready to elevate the operational sophistication of your company? Here are some ideas to up your game.
News & InsightsFamily business focus: Taking it to the next levelFamily business owners: Are you ready to elevate the operational sophistication of your company? Here are some ideas to up your game. Keep your nonprofit’s special event safe and successfulAs in life, so it is with nonprofit special events: Hope for the best but prepare for the worst. This starts with implementing a comprehensive crisis management plan. What contractors should expect when getting bondedNot every construction business is super familiar with the process for obtaining a performance bond. Here’s a quick overview of how it works. Businesses can still cut their 2024 taxesImplementing tax-reduction strategies now can pay off the next time your company files its tax return. 3 types of retirement plans for growing businessesBusiness owners: If your company is ready to sponsor a qualified retirement plan, many potential choices are on the table. Here are three prime examples. It’s not too late to trim your 2024 taxesImplementing these year-end tax strategies may reduce your 2024 tax liabilities. Get a handle on how accounting and tax profitability metrics differAs year end approaches, it’s critical to identify reasons your company’s pretax profit may differ from its taxable income. Failure to understand the differences may result in tax filing surprises. Don’t let fraudsters ruin the most wonderful time of the yearThe period between Thanksgiving and New Year’s Day generally is a critical fundraising season. Don’t let fraud undermine your hard work and eat into your nonprofit’s revenues. Here’s what you need to know. Business owners: Be sure you’re properly classifying cash flowsBusiness owners: Is there room for improvement in your statement of cash flows? There might be, specifically in how you classify different types of transactions. Is a PTET election right for your construction company?Construction business owners: Does your state have a pass-through entity tax? If so, and your company is eligible for it, you may be able to save taxes. But the devil is in the details. Nonprofit programs: Out with the obsolete, in with the most effectiveWhether your nonprofit’s program budget will be smaller or larger in 2025, it’s smart to keep program spending in check. Review your nonprofit’s offerings and data for laggards and unmet needs. Here’s how. Beyond the numbers: 5 red flags that may indicate financial distressTo spot financial distress early, it sometimes pays to look at more than just a company’s financials. Here are some red flags to watch for. |
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