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As a startup business owner, you work your plan and check off your mandatory tasks. Market research – check. Business plan – check. Brick & mortar or online – check. Business name – check. Great job! But there's more to do so your business succeeds, maximizes profit, and minimizes expenses. There are four areas that the initial decision will make [...]
Here are some tax deductions you may not be taking advantage of: Business interest on vehicles Business interest on credit cards Business bank fees Business use of internet access fees Business use of computers and accessories/software (general tools of your trade) Non-cash charity (i.e. donating clothing, artwork, collectibles, etc.) Business tolls/parking and tips paid while traveling Business gatherings at the [...]
We Gladly Welcome Maria Stromple as Partner to Wilke & Associates, CPAs & Business Advisors. Maria's Experience Maria Stromple has more than 30 years of public accounting experience servicing closely-held businesses in manufacturing, real estate, wholesale distribution, transportation/logistics, insurance, and technology industries. Her diversified experience includes federal and multi-state compliance and comprehensive strategic tax planning for businesses. Maria has participated [...]
Manage health benefits costs with a multipronged approach Many companies offer health care benefits to help ensure employee wellness and compete for better job candidates. And the Affordable Care Act has been using both carrots and sticks (depending on employer size) to encourage businesses to offer health coverage. If you sponsor a health care plan, you know this is no [...]
It's time to call Wilke & Associates, Pittsburgh's leading CPA Firm for Tax Planning! click here to read our Tax Planning Newsletter. We urge you to call your Wilke tax professional today at 412.278.2200 and make an appointment.
The new year is a great time for strategic planning. As a business owner, you know that it’s easy to spend nearly every working hour on the multitude of day-to-day tasks and crises that never seem to end. It’s essential to your company’s survival, however, to find time for strategic planning. Lost in the weeds Business owners put off laying [...]
Fortifying your business with enterprise risk management Establish an enterprise risk management (ERM) program to protect your business. Just as hundreds of years ago, when prosperous towns managed the various risks of foreign invaders, thieves and wild animals by fortifying their entire communities with walls and towers. Assessing threats In short, ERM is an integrated, company-wide system of identifying and planning for [...]
Loan or Capital Contribution Have you given a loan to your company as a business owner? Is that transaction recorded as a liability payable back to you? If you answered “yes” to these questions, you may be at risk for the IRS ruling that your business decision will be reclassified as a capital contribution. Your intentions for lending the money to [...]
Don’t let “founder’s syndrome” impede your succession planning Are you the founder of your company? If so, congratulations — you’ve created something truly amazing! And it’s more than understandable that you’d want to protect your legacy: the company you created. But, as time goes on, it becomes increasingly important that you give serious thought to a succession plan. When this [...]