small business

Preparing for inflation

Reading Time: 3 minute Inflation has been on the rise since the pandemic began. With varying opinions on the potential duration of the current inflation surge, it is crucial to understand the causes and prepare. Inflation...
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Does the Employee Retention Credit Apply to your Firm?

Reading Time: 2 minute The Employee Retention Credit (ERC), introduced with the CARES Act, is a way for professional service firms to recoup wages paid to employees. Does your firm qualify?
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Revenue Recognition Case Studies

Reading Time: 1 minute The five-step approach to revenue recognition introduced with Accounting Standards Update 2014-09, Revenue from Contracts with Customers (ASC 606) has gone into effect and will be significantly...
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What Makes a Good Valuation Report?

Reading Time: 2 minute Most owners already have a predetermined number in their minds when the time comes to establish the value of a company. They often think the value should equal a multiple of earnings or annual sales....
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Minnesota Legislature Passes Federal Conformity Bill

Reading Time: 1 minute   MN Passes Tax Bill In their special session ending on June 30, 2021, the Minnesota legislature passed a federal tax conformity bill. Highlights of the bill are summarized below.
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10 Reasons for a Business Valuation

Reading Time: 4 minute Most business owners are reactive when it comes to having their businesses valued. But there are many times it pays to be proactive. Some valuations are necessities, such as for determining the value...
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Business Valuation & Succession Planning

Reading Time: 2 minute How much is your business worth and what are your plans for the long run? These are questions every business owner will face at some point. Business owners invest many years of time, energy, and...
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Retirement & Estate Planning Guide for Transportation Business Owners

Reading Time: 2 minute As a business owner, you have a lot of responsibilities – budgeting, marketing, selling, and countless other tasks. It is easy to put your own financial plans on the back burner for the sake of...
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