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How Many Millennials Plan To Retire Early

How Many Millennials Plan To Retire Early

| March 12, 2020

Millennials currently are the largest generation in the U.S. workforce. Millennials differ from other generational groups both in their lifestyle and their attitude toward economic and social responsibility. They value their family. Forty percent of millennials with children hold a graduate degree, and close to 70 percent of those with children earn more than the […]

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Eleven Ways To Honor God As An Honorable Customer

Eleven Ways To Honor God As An Honorable Customer

| November 19, 2019

Typically, when we talk about marketplace Christianity, we are referring to how business professionals operate in the marketplace (e.g., business owners, managers, sales professionals, service workers, etc.). But for most people, the opportunity to honor God in the business world emerges primarily on the other side of the checkout counter–as the customer. In our quest […]

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Expanding Retirement Plan Options for Small Businesses

Expanding Retirement Plan Options for Small Businesses

| October 14, 2019

A new final rule from the U.S. Department of Labor (DOL) clarifies some of the ins and outs of multiple employer plans (MEPs). These are defined contribution retirement plans — such as 401(k) plans — that are sponsored by an association or employer group on behalf of member employers. The idea behind multiple employer plans (MEPs) is […]

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Looking for a Business Loan? Be Prepared

Looking for a Business Loan? Be Prepared

| January 13, 2019

If you’re building up a small business but haven’t yet needed to borrow funds to expand or smooth out cash flow irregularities, you’re doing something right. Or if you have borrowed and everything went smoothly, kudos again. Otherwise, keep in mind that anticipating the need for credit well in advance will put you in a much […]

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7 Year-End Tax Planning Moves for Small Businesses

7 Year-End Tax Planning Moves for Small Businesses

| November 19, 2018

Small Business owners still have time to significantly reduce their tax bills for 2018. Here are seven year-end moves to consider, taking into account changes included in the Tax Cuts and Jobs Act (TCJA). 1. Claim 100% Bonus Depreciation for Asset Additions Thanks to the TCJA, 100% first-year bonus depreciation is available for qualified new and used […]

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Goodwill: Personal or Business — and Why Does It Matter?

Goodwill: Personal or Business — and Why Does It Matter?

| October 16, 2018

You can’t touch goodwill, but it’s one of the most valuable assets for many businesses. Commonly associated with professional service firms, goodwill can also exist among manufacturers, retailers, contractors and other types of businesses. Valuing intangible assets, including goodwill, requires the use of a business valuation professional to get it done right. Getting a Handle […]

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Creating a Successful Crowdfunding Campaign

Creating a Successful Crowdfunding Campaign

| August 13, 2018

Crowdfunding has become a major consideration for entrepreneurs and start-ups looking for project funding. Kickstarter, IndieGoGo, and Patreon are just some of the big names available to those looking to fund rather than bootstrap a new product, service or project. Many people believe that asking for funding is as simple as filling out a few […]

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Navigating the New Qualified Business Income Deduction

Navigating the New Qualified Business Income Deduction

| July 17, 2018

The tax reform legislation that Congress signed into law on December 22, 2017 was the largest change to the tax system in over 3 decades. The new tax code contains many provisions that will affect individual, estate, and corporate taxpayers. One of those changes includes the Qualified Business Income Deduction, a new tax benefit allowing […]

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Are You Flying Blind?

Are You Flying Blind?

| June 14, 2018

Financial Statements Do you know which statements you need to use to have an accurate picture of your business?  Hint: your bank statement alone is not enough. Have you ever wished you could know exactly how profitable your company was last month? Wondering if your cash flow is adequate to pay off a loan more […]

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Surviving an Earnout Provision in a Business Sale

Surviving an Earnout Provision in a Business Sale

| March 12, 2018

If you are selling a business, the buyer may want to pay part of the price through an earnout provision. This is a contractual arrangement in which the seller receives additional payment in the future if certain financial goals are met. In other words, part of the price is contingent on the performance of the […]

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