FAMILY-OWNED BUSINESSES

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Timely Tax & Accounting Newsletter

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BOI filing deadlines closing in

Oct 22, 2024

More than 32 million U.S. businesses are required to file beneficial ownership information (BOI) reports this year, but the clock is ticking.

Financial statements can make or break business value

Sep 18, 2024

Need another reason to maintain accurate and detailed financial statements? You’ll appreciate having them when it comes time to determine the value of your business.

With noncompete ban in limbo, what’s next?

Aug 30, 2024

Employers are left waiting after a court struck down – at least temporarily – a law that would ban most noncompete agreements.

Businesses get second chance to repay improper ERC

Aug 19, 2024

The IRS has brought back a program that allows businesses to repay wrongfully gained employee retention credit money and avoid penalties.

Tips for managing inventory in QuickBooks

Aug 9, 2024

Running out of products? Or maybe stocking too many? QuickBooks Online can be a valuable tool to help solve both problems.

Why buy-sell agreements matter in business

Aug 2, 2024

For most business co-owners, the value of their business shares comprises a big percentage of their estates. Having a buy-sell agreement protects co-owners and their heirs and helps avoid hassles with the IRS.

Consequences of selling business property can be tricky

Jul 18, 2024

There are many tax implications to consider in the sale of business property, and they can be complex.

Make your business succession simpler

Jul 11, 2024

Do you have a viable succession plan in place for your company? Here are ways to get started and make the process easier.

You’re never too old for a business plan

Jun 21, 2024

Even if your business is established and on solid ground, don’t overlook the potential value of a detailed business plan.

How may we help you?

For more information, please view our breadth of services for family-owned businesses:

“KraftCPAs has taken care of the Zeitlin family business for three generations. We all sleep better at night knowing that KraftCPAs is looking out for our best interest.”

Shirley Zeitlin, Zeitlin Sotheby’s International Realty®

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