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How to Master Your Small-Business Tax Credits in 2019

Tax credits are a fundamental pillar of every business’ strategy. …At least, they should be. Here is what makes tax credits so frustrating: First, if you are a business owner, you are probably aware that certain incentives exist. You know they can be lucrative. You realize they are important for your future. And you understand…Read more

AI vs. Accountants: Do Businesses Still Rely on Accountants

Predictions on AI, and their impact on our society, business in particular, are everywhere, and some of them say it means doomsday for workers. That has typically included those in accounting. It makes sense on the surface, given the math involved, but the forecasters forgot something. Human nature. As a small business owner, consider what…Read more

Does My Business Need Accounting Services?

As a small business owner, you may not be thinking much about the need for accounting services. That’s not surprising, since a lot of small business owners wear multiple hats and perform just about every role, from customer service, to human resources, production and, yes, accounting. At what point, though, should you give up some of…Read more

Best Practical Advice for Young Entrepreneurs

College graduates today are not your average bear. They think differently than previous generations, are motivated differently, and they look at the world differently than those born before 1985. That doesn’t mean it’s bad, contrary to what those resistant to change might say. Different can be refreshing, invigorating, and get us to think about things…Read more

How to be a Smart Consumer and Protect Yourself

Crooks today are clever and use many different ways to try to get information that they will use to steal from you. They may steal directly from your bank account, from your credit card(s), or they may steal your identity so they can do a great deal more damage. Sometimes they are very good at…Read more

Avoid Becoming a Small Business Failure Statistic, Find a Mentor

Entrepreneurs start new companies with a vision, a dream, a business plan, and some capital. They take risks. They reap rewards, and too often they fail. The statistics for startups are grim—50 percent will fail after four years and 66 percent fail within 10 years. So how do small businesses increase their survival rates? Is…Read more

Adding Employees to Your Business

You’ve finally made the decision to hire an employee. Maybe it’s your first, or your 100th. Regardless, adding employees to your business can be both good and not-quite-bad, it just depends on your perspective. If the new employee is coming into your department and now you might—finally!—meet your goals, then that’s great. If you’re looking…Read more

Tax Credit Changes Affect Building Renovations

If you are planning a building renovation, or if you are starting a business and thinking of settling in a building that will need renovations, you might want to do some additional math and consider your move carefully. Why? The new Tax Cuts and Jobs Act (TCJA) has eliminated one tax credit and changed the…Read more

How a Business Can Benefit from Advisory Services

Chicago is known for its pizza, but the restaurants that serve it often have many other items to choose from and they can be even tastier than the headliner. Accounting firms may not come to mind for more than tax season, but they, too, are much more than they seem at first. Many think of…Read more