This article offers seven different tips that small business owners should be aware of as we enter the new year. From using data to shape your strategies to playing around with different content, these insights could be the difference between you and your competition. Little things can go a long way, and this small business…
This article discusses how family business owners have to decide whether to sell their business or hand it down when they want to retire. Both sides have their advantages such as retirement funding and ensuring family well-being for a specific amount of time. However, there is no doubt this is a hard decision for many…
This article discusses some of the top things that you can do as a business owner in order to protect your business against fraud. From learning basic definitions to what a forensic accountant could do for you, different methods are outlined in this article. Be sure to better educate yourself in order to put your…
This article discusses how hard it is to ensure that your family business survives to the next generation. With the help of these best practices like setting boundaries, dividing roles and responsibilities, and treating family members fairly, your business could be on its way to a healthy future. To view this article, click HERE to…
Our 2019 Individual Letter discusses key considerations for individual tax planning. Likewise, businesses of all sizes, across all industries, have also been impacted by the monumental changes to the federal tax code. The 2019 Business Letter discusses year-end and year-round tax-saving opportunities for all businesses, partnerships, limited liability companies, S corps and C corps. For our clients—please contact your…
This article discusses how utilizing some best practices can go a long way when evaluating a business. Examining stock prices, assets, cash flow, and the surplus in debt, should be considered each and every time a business is valued. In addition, bringing in a professional can make it easier on you and ensure that the…
Scott and Company LLC, one of South Carolina’s leading accounting, tax and consulting firms, is pleased to announce Michael J. Slapnik, CPA has been elected to the Board of Directors effective Wednesday, January 1, 2020. “I am honored to be elected to serve on this distinguished Board,” said Michael Slapnik, CPA, member at Scott and…
In the heavy equipment manufacturing industry, disruption is the new norm, writes Todd Hinz in a recent article for BDO U.S. Rapidly developing technologies and constantly shifting policies mean that the change never ceases. So how can players in the construction industry keep up? Hinz suggests a number of tactics for equipment manufacturing businesses seeking…
A recently released BDO study on board compensation offers insights into the compensation practices for 600 mid-market public companies. Some takeaways include: • Board responsibilities are increasing—and so is director compensation • As compensation increases, so does scrutiny of said compensation • Pay for board directors saw a 3% increase between 2017 and 2018 •…
This article discusses how technology is changing the way small businesses operate on a day to day basis. From working from home to social media marketing, these tech advancements are vital to staying up to date as your business grows. To view this article, click HERE to access the original content.
