As the vibrant colors of autumn paint the landscape, the fall season invites us to reflect on the changes in nature and consider the changes we can make in our own lives. Estate planning, often overlooked, is a vital aspect of ensuring a secure future for your loved ones. Just as leaves fall and transition, […]
Is the Price Right?
Pricing products or services to maximize profits is a challenge — often part art and part science. To do so effectively requires research, an understanding of your market, and an intuitive feel for what will work. Getting it right, however, is critical if your business is to be profitable. There are several important issues that […]
Choosing a Retirement Plan That Maximizes Benefits for Owners and Key Employees
With the various restrictions and limitations on retirement plan contributions and benefits, small business owners and professionals may wonder whether it is possible to fund adequate retirement benefits for themselves using a tax-qualified plan. In many cases, it is — if the most appropriate plan design is chosen. Why So Many Restrictions? Many of the […]
Take Stock of Stock Mutual Funds
When you have long-term financial goals, such as helping pay for a child’s college education or funding your retirement, including stock investments in your portfolio provides opportunities for potential growth. But should you invest in individual stocks or stock mutual funds?1 What’s the Difference? When you invest in individual stocks, you are buying a small […]
Leadership vs. Management: Navigating the Distinct Paths to Organizational Success
In the realm of business, the terms “leadership” and “management” are often used interchangeably, but they represent distinct approaches that play crucial roles in the success of an organization. While both are essential, understanding the differences between leadership and management can unlock new perspectives on how to effectively guide teams, drive innovation, and achieve organizational […]
7 Tax Credits for Your Small Business
Let’s talk about tax credits – what they are, how they differ from deductions, and which can benefit your small business. What are tax credits? A tax credit is a dollar-for-dollar reduction of one’s tax liability, reducing the amount of tax owed. So, a tax credit of $300 lowers your bill by $300. Tax deductions […]