Soon you’ll be meeting with your tax advisor to discuss the meat and potatoes of your income tax return. Whether you are super organized and have everything in its proper place and a copy of all pertinent documents or you show up with a shoebox of W-2’s and 1099’s, you need to learn a bit of the lingo of your preparer. I’ll be referencing the 2018 – 1040 …
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Capitalism 101
Business owners have to raise money for their vision. Often, they have borrowed to have sufficient money to fund their dream. They hire people, cover payroll and other expenses. This is called the multiplier effect. One dollar in a business for profit can move through other businesses four to five times. If the owner is fortunate enough to cover the …
Being Realistic
It’s been our experience that business owners focus on the “urgent”, to borrow a term from Stephen Coney (The 7 Habits of Highly Effective People). They have to meet customer demands and payroll among a myriad of other daily tugs on their focus. If you ask an owner what their business is worth, it will be hard to determine a good number. There’s a “wished …
