01
2017 – 09/20 – Don’t let “founder’s syndrome” impede your succession plan
Company founders can’t live in denial about succession planning.
Read article
All Posts By
Michael Davis
INSIGHTS & PERSPECTIVES
Posts by Michael Davis
10 ARTICLES02
Reduce your 2017 tax bill by buying business assets
Two valuable depreciation-related tax breaks can potentially reduce your 2017 taxes if you acquire and place in service qualifying assets by the end of the tax year. Tax reform could enhance these breaks, so you’ll want to keep an eye on legislative developments as you plan your asset purchases.
Read article03
Offer plan loans? Be sure to set a reasonable interest rate
Like many businesses, yours may allow retirement plan participants to take out loans from their accounts. Such loans are governed by many IRS and Department of Labor (DOL) rules and regulations. So if your company offers plan loans, your plan document must comply with current laws — including setting a “reasonable” interest rate.
Read article04
The tax-smart way to replace a business vehicle
Although a vehicle’s value typically drops fairly rapidly, the tax rules limit the amount of annual depreciation that can be claimed on most cars and light trucks. Thus, when it’s time to replace a vehicle used in business, it’s not unusual for its tax basis to be higher than its value.
Read article05
Listen and trust: The power of collaborative management
Many business owners are accustomed to running the whole show. But as your company grows, you’ll likely be better off sharing responsibility for major decisions. Whether you’ve recruited experienced managers or developed “home grown” talent, you can empower these employees by taking a more collaborative approach to management.
Read article06
2017 Q2 tax calendar: Key deadlines for businesses and other employers
Here are some of the key tax-related deadlines affecting businesses and other employers during the second quarter of 2017. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you.
Read article07
Mentor. Answer the Why and How
Mentoring… A process that helps us to develop, maintain a teachable attitude and take a “new” look at what you are doing on a daily basis. When I think of mentoring, my mind immediately thinks of two words – why and how.
Read article08
2017 “Dirty Dozen” Tax Scams 2017
Each year, the IRS creates a list of the top tax scams it has seen throughout the year. This year’s “Dirty Dozen” are: Phishing, Phone Scams, Identity Theft, Return Preparer Fraud, Fake Charities, Inflated Refund Claims, Excessive Claims for Business Credits, Falsely Padding Deductions on Returns, Falsifying Income to Claim Credits, Abusive Tax Shelters, Frivolous Tax Arguments, and Offshore Tax Avoidance.
Read article09
5 Tips for a Disorganized Taxpayer
For many, tax season brings about the dreaded task of scrounging through stacks of paper work – looking for receipts, bills, statements and more. Forbes published an article this month offering 5 organizational strategies for the disorganized taxpayer.
Read article10
Walburg+Associates has joined Brickley DeLong
Effective January 1, 2017, the Grand Haven firm of Walburg+Associates PC has joined with Brickley DeLong PC. This merger will add a fourth office location expanding our regional footprint and industry niches.
Read article