Small Business Planning

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Don’t Be “That” Business Owner

By | July 29th, 2014|Categories: Editorial Commentary, Small Businesses Taxes|Tags: , , |

Don't be "that" business owner.  That's what I tell business owners who complain about having to follow the laws, regulations, rules, etc. Case in point: one time I was talking to a business owner who was venting about his insurance company and the fact that he had to carry workers' comp insurance. And he was unhappy [...]

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ROBS Transactions – Be Very Careful of Using Retirement Funds to Start a Business

By | July 9th, 2014|Categories: Small Businesses Taxes|Tags: , , , |

True scenario that happened a couple of years ago: A client asked the following: I have $20,000 in a retirement account with a former employer. My husband wants to start a new business. We were thinking that he could hire me as an employee, and then form a retirement plan under the business. I would transfer [...]

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Review Your Small Business Operations as Part of Year-End/Year-Beginning Planning

By | January 10th, 2014|Categories: Small Businesses Taxes|Tags: |

The end of one year and the beginning of a new year is a good time to analyze your financials. It’s also a good time to analyze your operations. Here’s an example: one time a business client had a turbulent year with his business. By the end of the year, he was at his wit’s end [...]