Can I Afford to Buy a Delivery Van for My Business?

This question came in to our office from a small food-manufacturing business. This was why this client was seeking the extra value of working with a CPA. Here are the questions we asked to help them find the answer: What are you using now?…

It’s Not Just for Techies: R & D Credit Permanently Extended by PATH Act

Since 1981, the Research and Development Tax Credit, known as the R & D Credit, has been repeatedly extended for a year or so at a time, only to lapse and be extended again. The signing of the Protecting Americans from Tax Hikes (PATH) Act…

Have You Maxed Out Your 401(k)? Here’s Why You Should

Put as much as you can in your 401(k) now, and you benefit in at least two ways. First, you save tax now. For 2016 and 2017, you can contribute $18,000 plus an extra $6,000 if you’re over 50. This translates to a potential tax savings of $9,504…

Debt or Equity – Which is the Better Financing Option for Your Business?

Almost every business reaches a point when extra cash is needed to get to the next level. A manufacturer needs $15,000 to purchase the raw materials for a big order that will bring in $30,000. Or a start-up needs funds to get off the ground.…