by Doug Kook | Aug 17, 2020 | Business Strategy, Financial Planning, Small Business, Tax
During the COVID-19 pandemic, many small businesses are strapped for cash. They may find it beneficial to barter for goods and services instead of paying cash for them. If your business gets involved in bartering, remember that the fair market value of goods that you...
by Doug Kook | Jul 1, 2020 | Business Strategy, Small Business, Tax
The extended federal income tax deadline is coming up fast. As you know, the IRS postponed until July 15 the payment and filing deadlines that otherwise would have fallen on or after April 1, 2020, and before July 15. Retroactive COVID-19 business relief The...
by Doug Kook | May 28, 2020 | Business Strategy, Financial Planning, Non-Profit, Payroll, Small Business
With the release of the PPP Loan Forgiveness Application and related guidance, we now have some needed clarification – and yet are left with many unanswered questions. The rules continue to evolve as the 8-week coverage period approaches the finish line for...
by Doug Kook | Jan 17, 2020 | Business Strategy, Estates & Trusts, Financial Planning, Small Business, Tax
A significant law was recently passed that adds tax breaks and makes changes to employer-provided retirement plans. If your small business has a current plan for employees or if you’re thinking about adding one, you should familiarize yourself with the new rules. The...
by Doug Kook | Sep 9, 2019 | Business Strategy, Financial Planning, Small Business, Uncategorized
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 while also creating, updating and eventually executing a succession plan. This is no easy task, but you can put the puzzle...