When drafting partnership and LLC operating agreements, various tax issues must be addressed. This is also true of multi-member LLCs that are treated as partnerships for tax purposes. Here are some critical issues to include in your agreement so your business remains in compliance with federal tax law. Identify and describe guaranteed payments to partners … Continue reading “Help ensure your partnership or LLC complies with tax law”
Month: September 2024
Which leadership skills are essential to strategic planning?
To help ensure continued stability and profitability, businesses need to engage in some form of strategic planning. A recent survey by insurance giant Travelers drives home this point. In its 2024 CFO Study: A Travelers Special Report, the insurer surveyed 610 chief financial officers (CFOs) from companies with 500 or more employees in various industries. One … Continue reading “Which leadership skills are essential to strategic planning?”
The Benefits of Professional QuickBooks Support for Small Businesses
QuickBooks is one of the digital building blocks for small businesses across America. With millions of users, ranging from solopreneurs to enterprises with hundreds of locations, QuickBooks for small businesses is one of the most popular financial programs of all time. While it’s designed to be more accessible and user-friendly than software made for accounting … Continue reading “The Benefits of Professional QuickBooks Support for Small Businesses”