Small Companies Can Do Well While Doing Good

Oct 20, 2017

The federal Small Business Administration reports that about 75% of small business owners donate some portion of their profits to charity each year. The average contribution is around 6% of earnings. Fulfilling philanthropic intentions has emotional ...

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Dealerships in Depth - With Jay Rosario, Owner of Wesley Chapel Nissan, Tampa, FL

Oct 17, 2017

For this installment of Dealerships in Depth, we spoke with Jay Rosario, Owner, Wesley Chapel Nissan, Tampa, FL. Jay has been in the business for over 20 years. He has owned Wesley Chapel Nissan for the past 12 years. The award-winning dealership, lo ...

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Transupport, Inc. v. Commissioner - Court Rejects Compensation Expert’s “Result Oriented” Approach

Oct 17, 2017

In this case, the U.S. Tax Court rejected the testimony of the taxpayer’s expert on the reasonableness of compensation paid to four shareholder-employees. The court found that the expert’s analysis portrayed a “result oriented” ...

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Is Your Business Eligible for the Employee Retention Tax Credit?

Oct 16, 2017

Recently, with overwhelming bi-partisan support, President Trump signed sweeping tax relief measures into law for victims of Hurricanes Harvey, Irma and Maria. On September 29, President Trump signed H.R. 3823, the “Disaster Tax Relief and Airp ...

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IRS Withdraws Proposal Affecting Valuation Discounts to Family Business Owners

Oct 12, 2017

While most taxpayers are waiting to see what the results of President Trump’s tax reform plan will bring, the IRS and the Treasury Department recently announced a change that could spell good news for owners of family owned businesses. Back in ...

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Got IP? Value It With the Relief from Royalties Method

Oct 10, 2017

Some of a business’s most valuable assets may not show up on its balance sheet. Intellectual property (IP) is an intangible asset. When IP is developed internally, it’s usually not recorded on a company’s financial statements — only IP that ...

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How to Better Evaluate Borrower Performance - Understand the Percentage of Completion Method

Oct 6, 2017

One way to ensure the long-term success of your loans is to familiarize yourself with the specific accounting methods your borrowers may use. Gaining an understanding of these methods can help you better evaluate your borrowers’ financial statu ...

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The Impact of Hurricane Irma on Your Business Survey Report

Oct 5, 2017

70% of respondents said that Hurricane Irma would have a negative financial impact on their business over the next three months. The Greater Miami Chamber of Commerce in conjunction with MBAF present our detailed survey analysis entitled, “The ...

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Don't Forget to Take Advantage of These Tax Breaks for College!

Oct 5, 2017

Many parents struggle with college expenses. You might think that the IRS is an unlikely place to seek help with paying for college, but did you know that there are some significant tax benefits available for college? According to a recent agency rel ...

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Is Bigger Better? Helping Borrowers Evaluate the Pros and Cons of a Roll-Up

Oct 4, 2017

Many small to midsize businesses struggle to stay competitive in today’s economy. Management is constantly maneuvering and shifting to stabilize their business and find the best position in the market. One maneuver potentially available to a co ...

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