Baby Boomer Business Owners: Start Exit Planning Now
Baby boomer business owners in the United States are looking to turn their years of sweat and toil into cash for retirement, but the faltering economy rapidly turned the seller's market of a few years ago into a buyer's market, negatively impacting value. Adding to...
Search Your Small Business For Extra Cash
Does everyone in your Maine-based small business understand how to make money for your company? It's easy for employees to view their jobs narrowly and forget that they may be able to contribute help out the bottom line. Ask everyone in your company to come up with a...
Valuations in Shareholder Disputes
In today’s complex business world, shareholder disputes can be quite common. These disputes can be divisive, long-lasting and expensive, and can arise in almost any privately owned business. Some of the more common types of lawsuits that may be filed against...
Understanding Business Valuation Reports
Whether you are a practicing attorney, an investor, or a small business owner there may come a time when you need to read and understand a report written to support a conclusion of value for a business. A well written valuation report is difficult to understand by...
External Factors in a Business Valuation
It’s important for small business owners to know who much their company is worth. To put it simply, it is worth what the highest bidder is willing to pay for it and no more or no less. Nevertheless, by taking all the relevant factors into account, the business can be...
Myths and Truths about Business Valuation
The business valuation profession has undergone a large transformation since the 1980s, developing from a rudimentary process into a highly sophisticated mix of art and science. Even so, many small business owners and investors fail to understand the valuation process...
Measure Your Bill Collecting Success
Credit sales are a fact of business life. An important skill that Maine-based small business owners develop is maintaining the balance between the total cost of bad debts and profit gains. As a small business owner, you need to constantly monitor your total...
Building Tax Breaks for Disability Accommodations
Did you know there are certain tax breaks available to small businesses when they accommodate disabled individuals? This is a brief summation of three of those tax breaks: The disabled access credit A small business might be eligible for a nonrefundable credit when it...
It’s Tax Time All Year Round
As a Maine-based small business owner, it’s important to plan all year long to make the most of the tax law. Here are just five of the tax-smart decisions to make during the year that could, if handled properly, significantly reduce tax liability: Should vehicles,...
The Present and Future of the Self-Employment Tax
If you're self-employed as a sole proprietor, partner, or LLC member, you may owe the self-employment tax. This tax serves the purpose of collecting Social Security and Medicare taxes from your net self-employment income. The tax that is owed is in addition to any...