Advice
Jennifer Eubanks Forbes Feature Article: Why Leadership Intent Matters
Summary of Keypoints small businesses this Forbes feature article. Jennifer Eubanks authored a Forbes Council article titled “Why Leadership Intent Matters,” drawing on her personal study of leadership during the challenges of the pandemic. The article explores the concept of leadership intent, emphasizing that understanding why a leader leads provides insight into decision-making, leadership style,…
Read MoreJennifer Eubanks Contribution to Forbes Expert Panel: 11 Ways for Financial Leaders to Improve Company Health and Guide Overall Strategy
Summary of Keypoints Jennifer Eubanks contributed expert insight to a Forbes Finance Council article titled “11 Ways for Financial Leaders To Improve Company Health And Guide Overall Strategy.” The article emphasizes the critical role of financial leadership, noting that even well-informed leadership teams can struggle without strong financial guidance to support decision-making and strategic planning.…
Read MoreJennifer Eubanks Contribution to Forbes Expert Panel: 14 Best Practices to Help Business Owners Manage Cash Flow
Jennifer Eubanks recently contributed to the expert panel council post 14 Best Practices To Help Business Owners Manage Cash Flow. “While many business owners and entrepreneurs have a good grasp of the importance of sales and profit, they may not understand why it’s essential to stay on top of cash flow. Understanding operational cash flow…
Read MoreJennifer Eubanks Forbes Feature Article: Three Ways Today’s Accounting Professionals Can Increase Their Value
Jennifer Eubanks recently authored the council post, Three Ways Today’s Accounting Professionals Can Increase Their Value. “Many accounting professionals spend significant time preparing financial statements, conducting audits, and preparing tax returns. All of these activities look historically at transactions and focus on compliance requirements of the organization such as submitting financial statements to investors or…
Read MoreAccounting Outsourcing… Leading the New Normal
Summary of Keypoints Shift in work environment: COVID-19 and widespread work-from-home adoption demonstrated that productivity and business continuity can be maintained without full-time, in-office staff, prompting companies to rethink traditional operating models. Case for accounting outsourcing: As leadership increasingly relies on timely, accurate financial data, outsourcing accounting and finance functions offers access to professional financial…
Read More5 Steps to Setting Up a US Company for Non-US Resident
Summary of Keypoints Why form a U.S. company: Establishing a business in the United States offers advantages for non-U.S. residents, including lower relative taxes, easier access to the U.S. market, strong legal protections, and the global credibility associated with U.S.-based companies. Step 1 – Choose a business structure: Foreign nationals can form a Corporation (C-Corp)…
Read MoreTax Implications of Coronavirus Relief
A number of tax implications evolve as a result of relief provided by the Coronavirus Aid, Relief and Economic Security (CARES) Act, and the Families First Coronavirus Response Act (FFCRA). We’ve created a summary of information as it has evolved to date.
Read MoreCARES Act – Tax Savings and Business Opportunities
Summary of Keypoints Employer payroll tax deferral: The CARES Act allows businesses to defer the employer portion of Social Security payroll taxes (6.2%) on wages paid from March 27–December 31, 2020, with repayment split between December 31, 2021 and December 31, 2022; the deferral is unavailable if PPP loan forgiveness is taken. Employee retention credit:…
Read MoreHelp for Small Businesses in VA
Summary of Keypoints State support announcement: Virginia Governor Ralph Northam released Workforce Innovation and Opportunity Act (WIOA) Rapid Response funding to support Northern Virginia businesses affected by the COVID-19 crisis. Program purpose: The funding is intended to help employers remain open, avert layoffs, and reduce unemployment duration by supporting operational continuity during the emergency. Eligibility…
Read MoreFour tax strategies you can use to reduce your income taxes and increase your 20% Pass-Through Income Section 199A deduction
Summary of Keypoints Purpose: The article outlines four tax planning strategies designed to reduce taxable income while increasing eligibility for the 20% Pass-Through Income deduction under IRC Section 199A. Capital loss harvesting: Taxpayers can offset capital gains that negatively affect the Section 199A deduction by realizing capital losses before year-end. Charitable contributions: Increasing itemized deductions…
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