Archive of Situation Analysis Articles
  • Pre-Funding Your Business Exit with Excess Cash
    Create a plan to accumulate retirement capital. If you’re behind the savings curve because you’ve focused on investing in your business, you have several options that will enable you to catch up.... more
  • Navigating Your Small Business Through Economic and Market Turmoil
    Business as usual is less effective for businesses being rocked by external events, such as inflation, a declining stock market, or local market turmoil. But there are ways to manage your growth.... more
  • With Inflation Surging, a Midyear Review is More Critical Than Ever
    It is always good to do a midyear review and this year is more critical than ever. Here are the steps to conducting a midyear review.... more
  • Five Ways a Financial Advisor can Help Your Small Business
    Good financial advisors have the skill and expertise to discover gaps in the financial management of your business. Here are 5 ways they can help you.... more
  • Is Telework Becoming Essential for Small Businesses?
    Businesses have found they can increase productivity, employee retention, and profits with a properly structured telework regimen. Here are the facts about telework for small business.... more
  • Should a Small Business Offer a Retirement Plan for Their Employees?
    Generate a net gain for your business by offering a retirement savings plan for your employees. It can provide you with lower employee turnover cost, higher profits and tax savings.... more
  • More States Adopt the Pass-Through Entity (SALT Cap Workaround)
    As of December 1, 2021, nearly 20 states had enacted the PTE election with more to follow. There are some real and potential caveats PTE taxpayers need to consider.... more
  • Tips for Growing Your Business in 2022
    Taking your business to the next level can be challenging. Having a vision and a plan can increase your chances for success.... more
  • Year-End Tax Planning for Businesses Ahead of Biden’s Tax Plan
    Barring any legislative action to extend them, important tax rules affecting businesses will change or expire at year end. Businesses need to consider the following in their year end tax planning.... more
  • ERC Now Available to Recovery Startup Businesses
    The Employee Retention Credit benefits both business affected by the pandemic as well as start up business during that time. Here is some basic information.... more
  • You Can Still Override the 5-Year Rule on inherited 401k Accounts, But You Need to Act Now
    The CARES Act extended the time period from 5 – 6 years to empty out an inherited retirement account. But time is running out. Learn what you need to do.... more
  • Will Your Business be the Next Ransomware Victim?
    The size of your business does not matter. You could be a target for a ransomware or other cyberattacks. What should you do?... more
  • What Employers Can Expect from the Secure Act 2.0
    The SECURE Act 2.0 introduces some significant enhancements to employers’ ability to provide quality retirement plans to their employees. Although it has a way to go, it has strong bipartisan support.... more
  • Impact of Biden Tax Proposals on Small Businesses
    Here’s what small business owners should know about the proposed tax increases and how they could impact them.... more
  • Reduce Taxable Income Using Low-Cost Equipment Financing
    They provide business owners with a rare opportunity to convert significant tax savings into capital investment in their business.... more
  • How Business Owners Can Maximize Their Retirement Plan Savings
    Understanding the various options for creating a business retirement plan for you and your employees can be daunting. Here is a breakdown of the different plan options.... more
  • Top CARES Act-Related Tax Planning Tips for Year-End
    The CARES Act provided small businesses with immediate and targeted financial relief in the form of forgivable PPP loans and payroll tax deferral.... more