There is so much that goes into running a business. It starts with delivering a great product or service. You must find customers and convince them to pull out their wallets. You have to keep financial records and comply with →
When it comes time to sell their business, many business owners reach for the phone and begin contacting potential buyers. This may sound like a logical starting point, but as we have discussed previously, it’s skipping an important first step: →
Over the years, I have worked with many clients who have been victimized by fraud. It’s always a sad process, because employee fraud inevitably represents a betrayal of trust on some level or another. It also represents a loss of →
One of the common services that we provide for our clients is business valuation. This is a fancy way of saying that we help them figure out what their business is worth. (Or what the business they are purchasing is →
Employee fraud impacts thousands of businesses each year and is incredibly costly in terms of money, time, and other resources. Unfortunately, as we have written before, fraud almost always strikes in the situations where a business owner or manager least →
Over the years, I have worked with a number of business owners who have been victimized by employee fraud. Though the details of each circumstance were different, there was one factor that remained consistent in each case: the business owner →
If you own a business, and particularly if you’ve considered selling it, you’ve probably been advised to seek an appraisal. If you are like many business owners, however, chances are that you haven’t yet taken this advice. You’re busy, after →
As you know if you have been regularly reading this blog, succession planning is a critical, yet often ignored, function for every business. Without a succession plan, thousands and thousands of businesses each year are at risk for disaster as →
Going through a divorce is a difficult and stressful process. It’s usually emotionally challenging, and the result of the case has implications for years to come. Because of this, it’s important to ensure that the details are handled properly, despite →
The IRS is not known as a flexible organization—and for good reason. Many taxpayers and business owners have either been involved in an IRS dispute or know someone that has… and the experience is never pleasant. However, one area in →