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Making a Family File

One of the most difficult things for a family to deal with after the death of a loved one is sorting through the endless paperwork needed to get the estate in order. It is important that your documents are in order to ensure prompt payout on any life insurance policies. By creating a “family file” […]

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Understanding Your Cash Flow and Financial Statements

As a business owner, it is important to be able to read and understand the accounting terms found in your financial statements. Once you understand the basics of the financial statements, you can interpret what they mean to your organization’s financial health. Understanding your Financial Statements A Statement of Financial Position, also known as a […]

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Succession Planning: 3 Emotional and Logical Roadblocks to Overcome

Succession planning is a process that every business owner thinks about, however, identifying and developing new leaders is easier said than done. According to Business Enterprise Institute’s 2016 Business Owner Survey Report, 79 percent of business owners plan to exit their business in the next ten years, 38 percent have not taken any steps toward […]

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Navigating the New Qualified Business Income Deduction and How it Will Affect Architectural and Engineering Firms

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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7 Attributes that Affect Saleability and Value of Contracting Firms

From contemplating the sale of your business to establishing a value for gift and estate taxes, understanding the value of your business is important. This article will review 7 factors that affect the saleability and value of a contracting firm. Management Quality, Depth and Duration Performance is directly tied to the quality, depth and duration […]

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