The business entity you choose has a great impact on your taxes and liability. Choose wisely. There’s so much you may be required to do when you launch a business. You might have to register your new company with your state and apply for permits and licenses. It’s likely you’ll need an Employer Identification Number […]
Taxpayer Alert for 2023 – IRS Changes to Retirement Accounts and FSA Plans
Sometimes everything changes only to remain the same. The Taxman givith, yet so doth the Taxman taketh away. But there are some upcoming changes to tax rules that will impact many individual taxpayers in the financial detail. If you’re looking for a New Year’s Resolution, maybe you’ll want to resolve to actively explore some of […]
Sopping up Leaky Retirement Accounts to Safeguard the Wealth of Rightful Owners
Americans hold an estimated $7.7 trillion in retirement savings, mostly socked away in 401(k) and related retirement plans. These plans, and similar financial instruments outside the private sector, are brokered and managed by tens of thousands of registered agents and investment firms. Many more thousands of employers serve as middlemen to more than 100 million […]
ROBS C-Corporations vs. S-Corporations [Part 2]
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At Baum CPA we are routinely asked about the tax implications of starting a ROBS, and all too often we are asked if an S-Corporation would make more sense. In Part 2 of this blog series, we will continue to make comparisons between S-Corporations and ROBS C-Corporations. ROBS C-Corp or an S-Corp? In Part 1 of this […]
Prioritizing Customer Service
Everybody remembers an outstanding customer service experience. We don’t just remember it, we talk about it. We tell family, friends, and people we work with about how someone working for a business made us feel special, and did their job so well. It could have been a smile, a kind word, a discount, a free […]
How to Increase Productivity in Your Business
Does your business not function as efficiently as you would like? Now is the time to assess your current business setup and improve productivity from both manager’s and employee’s perspective. Improving Productivity from a Management Perspective Review and Improve Technology As a business owner, you are constantly busy with running your business. This can cause […]