Business Succession Planning Insights

Tax Prep, Planning & Strategy

How to research a business customer’s creditworthiness

Extending credit to business customers can be an effective way to build goodwill and nurture long-term buyers. But if you extend customer credit,…

Tax Prep, Planning & Strategy

Putting together the succession planning and retirement planning puzzle

Everyone needs to plan for retirement. But as a business owner, you face a distinctive challenge in that you must save for your golden years…

Tax Prep, Planning & Strategy

Some business owners can’t participate in their own companies’ HRAs

Many companies now offer Health Reimbursement Arrangements (HRAs) in conjunction with high-deductible health plans (HDHPs). HRAs offer some advantages…

Tax Prep, Planning & Strategy

The tax implications of a company car

The use of a company vehicle is a valuable fringe benefit for owners and employees of small businesses. This benefit results in tax deductions…

Tax Prep, Planning & Strategy

Should you elect S corporation status?

Operating a business as an S corporation may provide many advantages, including limited liability for owners and no double taxation (at least…

Tax Prep, Planning & Strategy

What to do if your business receives a “no-match” letter

In the past few months, many businesses and employers nationwide have received “no-match” letters from the Social Security Administration…

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wcscpas Weyrich Cronin Sorra @wcscpas ·
5 Dec

"If you’re feeling generous as we head toward the holidays, you may want to give cash gifts to your loved ones. You may also want to steer clear of gift tax implications." https://bit.ly/4ex2oaX

wcscpas Weyrich Cronin Sorra @wcscpas ·
3 Dec

"A limited liability company can provide personal liability protection from creditors while delivering tax benefits. Is it right for you?" https://bit.ly/4fqOQPh