by briesterer | Jul 8, 2022 | Financial Planning, Tax & Accounting
A hobby is any activity that a person pursues because they enjoy it and with no intention of making a profit. In contrast, people operate a business with the intention of making a profit. However, many people engage in hobby activities that turn into a source of...
by briesterer | Jun 3, 2022 | Financial Planning
HSA Limits Increase Significantly for 2023 Contributions to a Health Savings Account (HSA) are used to pay the account owner’s current or future medical expenses, their spouse, and any qualified dependent and are adjusted annually for inflation. For 2023, the annual...
by briesterer | Apr 3, 2022 | Financial Planning, Tax & Accounting
As the April 18th tax deadline quickly approaches, last-minute tax filers should make sure they have all their documents before filing a tax return. You should have received a Form W-2, Wage and Tax Statement, from each of your employers for use in preparing your...
by briesterer | Apr 2, 2022 | Financial Planning, Tax & Accounting
Cash flow is the lifeblood of every small business but many business owners underestimate just how vital managing cash flow is to their business’s success. In fact, a healthy cash flow is more important than your business’s ability to deliver its goods and...
by briesterer | Feb 2, 2022 | Financial Planning
If you’re conscientious about financial reporting, you may already have a sense of your company’s worth, but in some instances, you might need a formal business valuation, such as: Certain transactions: Are you selling your business? Planning an IPO? Need financing?...
by briesterer | Jun 4, 2021 | Financial Planning
How to Monetize Receivables When Payors Are Slow Many business owners encounter difficulties obtaining prompt payment from customers. Such situations can make it hard for a company to turn a profit or even keep up with its expenses. When things get really tough, you...
