Breaking Tax News: A new House budget plan could deliver the biggest tax breaks in nearly a decade, with $450 billion in annual cuts over the next 10 years.
The 6 Types of Buyers You Need to Know Before Selling Your Business
One of the most critical factors in achieving a successful sale is understanding who your potential buyers are, and which one might be right for you. Not all buyers are the same; they each come with their own motivations, expectations, and deal structures.
How to Survive Due Diligence Without Breaking a Sweat
Selling your business is an exciting journey, but there’s one phase that can make even the most seasoned entrepreneurs break into a cold sweat: due diligence. This is the process where potential buyers scrutinize every aspect of your business—from financial records to customer contracts to operational workflows.
Become an Expert in Business Valuation in Less Than 10 Minutes
Selling your business is one of the most significant financial transactions of your life. Whether you are aiming for a $100M exit or maximizing your return on investment, understanding business valuation is crucial.
Cash Flow – Plan Ahead, Stay Informed!
For owners and entrepreneurs, careful business planning is a required skillset that takes repetition and discipline to develop. Success in this process can be the difference between stability or a series of daily fire drills. On a very tactical level, one of the best business planning tools to use is a 13-week cash flow forecast.
Evaluating the Health of your Key Relationships and Partners
The strength and potential upside of a business is not just dependent on the internal team. Many companies rely on third parties for critical resources and services, such as suppliers, institutions, investors, and customers. These relationships can be extremely valuable for driving growth and improving systems. The deeper the roots go, the more value you get. The flip side of the coin is that the business can be exposed to significant risk if those third parties become unstable or significantly change their operation. We recently saw this happen to customers of Silicon Valley Bank (SVB), who had their world turned upside down in a few short days. This is a good time for businesses and owners to take stock of their critical relationships and know where the potential risks exist. Below are important steps in the process.
Accountability of your Personal Finances
Building a personal portfolio of valuable assets through hard work and dedication is a truly rewarding process. Once you’ve accumulated enough wealth to gain financial independence and freedom, you might think the hard part is over, but with a diverse portfolio spread across various investment classes, industries, and locations, it’s easy to lose track of where your money is going and how it’s performing. Managing your accumulated assets isn’t just a best practice, it’s a responsibility. Many advisors agree that maintaining accountability of your financial affairs through consolidation and regular review leads to the highest rates of return, optimized tax structure, and integrity of your estate plan.
The Role of a CPA in the Business Sale
Selling a business is a big deal, it’s like getting married, you want to make sure everything is perfect before you say “I do.” And one of the key players in making sure everything is perfect is your CPA.
Streamline and Scale Your Startup: The Benefits of Outsourcing Accounting Services
As an emerging technology startup, you are focused on developing the next disruptive technology and bringing your product to market. It is easy to get bogged down and distracted with the many financial responsibilities and duties of running a business, while also trying to keep your Board and investors happy.
The Benefits of Cloud-Based Accounting Systems
Given the pace at which business is moving in today’s world, it’s more important than ever to have access to accurate and timely financial information. This is where cloud-based accounting systems come in.
Bill Clement
Bill is a Managing Partner of the firm and began his career in public accounting providing audit, tax, consulting, and other key services to privately-held manufacturing, construction, technology, and industrial companies.