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Archives for May 2022

IRS Mismanages Backlog with Document Destruction Scandal

May 19, 2022 by Brian Baum, CPA

IRS Mismanages Backlog with Document Destruction Scandal

The Show So Far… Back in early March, this blog asked, “Just What the Heck Is Going on With the IRS These Days?” We answered that question with some consolidated research on the huge backlog of unprocessed tax returns at IRS that started accumulating during the pandemic, continued to mount as the Service attempted to “work […]

Filed Under: General Information

The Advantages of ROBS [Part 2]

May 10, 2022 by Brian Baum, CPA

The Advantages of ROBS [Part 2]

In this article we continue with some of the most advantageous reasons why a Roll Over as Business Startup (ROBS) works for some entrepreneurs, and discuss further insights as to why we want to leverage these concepts to the entrepreneurs’ advantage.

Filed Under: ROBS 401(K) Plans

Financial Analysis for Your Small Business

May 3, 2022 by Brian Baum, CPA

Financial Analysis for Your Small Business

Comparing key financial ratios for a business against industry standards and with its own past results can highlight trends and identify strengths and weaknesses in the business. Financial statement information is most useful if owners and managers can use it to improve their company’s profitability, cash flow, and equity value. Getting the most mileage from […]

Filed Under: General Information, ROBS 401(K) Plans

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