Dave McCarron is the founder and president of McCarron Accounting and Consulting CPAs in Winter Park, Florida. He has been serving the Florida community since 1990. Dave and I recently discussed a very “hot” topic: depreciation. He makes clear that the radical changes to depreciation in the new tax law will have equally radical effects […]
How Changes to Depreciation in the TCJA Will Affect Your Business Read More »
Tammy Neel Pessmeg is a CPA and tax principal at Clifton, Larson, Allen, the ninth largest accountancy firm in the U.S. She has been handling tax issues for 20 years. Today, Tammy and I discuss Section 199A of the tax code, better known as the “Qualified Business Income Deduction” (QBID) or the “Pass-Through Deduction.” Unlike
Mapping Out the Brand-New 20% Qualified Business Income Deduction with Tammy Neel Read More »
Imagine buying your newly-licensed, 16-year old daughter her first car. When you go to the dealer and pick out that car, there’s a decent chance that you will simply pay the full price right then and there and drive off in the “new” car. An all-cash deal; no muss, no fuss. Unlike with a used
Getting an SBA Loan to Buy, Build, or Grow Your Business Read More »
Business owners generally understand that their business needs to have contracts and agreements in order to protect itself from being sued and having to pay lawyers to defend the company in court. What is less understood is how business contracts impact business value. Well-written contracts can enhance overall business value, and poorly written contracts can
Surprising Ways the Lease Affects the Value of Your Business Read More »
You have decided to purchase a business. Congratulations. It takes a lot of courage to arrive at such a major life decision. More than likely your business lawyer, assuming you’ve made the wise decision to hire one to help guide you through the process, has possibly advised you to make an asset purchase as opposed to a stock
Due Diligence Is an Absolute Necessity When You Buy a Business Read More »
