Business Health Checkup: Pre-tax Net Income

Business Health Checkup: Pre-tax Net Income

Authors: David Wagstaff and Calvin Longer  Periodically we will highlight a ratio or benchmark and talk about how you can use these to better understand your business. The disclaimer: Benchmarks and ratios, blindly applied, can be dangerous. Benchmarks can be useful...
Have you thought about Exit Planning?

Have you thought about Exit Planning?

Author: Michael J. Reynolds, CPA, CEPA  If you’re a business owner, one of your most valuable assets is your business. It is also probably true that you devote a lot of time and thought to managing and growing your company and much less time imagining your company if...
Doctors’ and Dentists’ Corner- Employee Dishonesty

Doctors’ and Dentists’ Corner- Employee Dishonesty

Who owns that nice new car in your parking lot? Do you have an employee who seems to be living at a standard higher than his salary would permit? Hmmm, he (or she) tells you his Uncle Joe died and left him a huge inheritance, or maybe he won the lottery. You’re happy...
Doctor and Dentist Corner: An Ounce of Prevention

Doctor and Dentist Corner: An Ounce of Prevention

Long-term, well trusted employees are an employer’s dream.  In the event that an employee is dishonest, good internal controls can keep that dream from becoming a nightmare. For medical offices, there is a significant risk that employee dishonesty will lead to the...
Nondeductible Employee Parking Expenses

Nondeductible Employee Parking Expenses

Employee parking expenses – how much can your business deduct?   The Tax Cuts and Jobs Act (TCJA) resulted in many tax law changes. One of them was the new rule for determining the deductible portion of employee parking expenses. Under the new Section 274(a)(4),...