Author Archives: admin

Succession Planning in a Family Business

As baby boomers begin to leave the business world and move towards retirement, it is important to consider the transition of the next generation.

This article discusses key questions to consider when creating a succession plan that is right for your business.

To view this article, click the following link to access the original content.

http://www.northbaybusinessjournal.com/opinion/8188652-181/family-business-succession-planning

 

An Alternative Approach to Growing Your Business

While most businesses grow by beating out the competition, some businesses have instead created a larger target market that holds more opportunities.

This article explains why you should consider a five-step approach to creating new markets instead of challenging with competition.

To view this article, click the following link to access the original content.

https://www.inc.com/martin-zwilling/5-steps-to-growing-your-business-without-competing.html?cid=landermore

 

Your 2017 Tax Return

Be sure to take advantage of the many hidden write-offs you may be able to claim on your 2017 tax returns.

This article discusses the seven different deductions you may be able to claim on your 2017 returns, before the 2018 tax laws take place.

To view this article, click the following link to access the original content.

https://www.forbes.com/sites/nextavenue/2018/02/25/7-overlooked-tax-deductions-for-your-2017-return/#5e03fa0c4ce9

 

The Future of Working from Home

Future employees might not need office space and scheduled hours, but instead work from home on their own time.

This article explains why a third of the workforce will be working from home in the future, and the importance of putting a policy together for these employees.

To view this article, click the following link to access the original content.

https://www.inc.com/suzanne-lucas/survey-most-companies-lack-a-telecommuting-policy-heres-how-to-get-yours-started.html?cid=hmside1

CJBS to be Featured Panelist at Love, Marriage, Divorce, and Real Estate Panel Event

Larry Goldsmith, head of CJBS Forensic Accounting and Litigation Support group, will be a featured panelist at Love, Marriage, Divorce, and Real Estate Panel Event presented by Compass Mortgage and @Properties.

Join us for this free educational event on Sunday, March 18, 7-10 PM.

Where:
Kasbeer Hall
25 East Pearson Street
Floor 15
Chicago, IL 60611

CLICK HERE TO REGISTER

Questions or comments? E-mail Larry Goldsmith (larry@cjbs.com). Larry is an experienced Financial Forensic expert and CPA who investigates and verifies financial income and assets in matrimonial matters.

What Did the GOP’s Tax Plan Revamp Actually Do for Small Businesses?

The new tax plan is a jolt for business, and not just corporate giants. Small businesses and other ‘pass-through’ entities are also benefiting.

In an article from Dallas News, author Tom Benning writes, “And while Republicans are staking that high-dollar tax cut on helping smaller businesses — with Jenkins, among others, planning to invest in facilities and hire more workers — the overall impact remains murky for many individual owners and the economy at large”.

In the article, Benning discusses:

  • Businesses as ‘pass-throughs’
  • Not all pass-throughs are small businesses
  • Pass-through businesses now earn more net income than C-corps

Benning continues, “One restriction, for instance, focuses on businesses where the ‘principal asset’ is the ‘reputation or skill of one or more of its employees or owners’. That definition has sent business owners, financial planners and accountants scrambling for clarity on what exactly it means”. What benefits from the tax plan do will your small business see?

To read more, see the full article from Tom Benning in Dallas News.