Archive for April, 2014

Business Succession Planning is More Than Just Money

In reading about Ron Francis’ promotion to general manager of the Carolina Hurricanes, one paragraph  stood out to me: Francis, 51, said he had no reservations about taking over a position he has been groomed for in recent years as assistant general manager, director of player personnel and vice president of hockey operations. He also […]

 

Rogue CFO II – Internal Accounting Controls and Supervision

Blog Series: Rogue CFO – I – Introduction Rogue CFO – III – Background Checks Our second article in the series, “Rogue CFO,” covers some common sense processes that all too often are missing in smaller businesses – workable controls and verification. Internal controls start with a corporate culture and an attitude – “we pay […]

 

Rogue CFO I- Introduction

Blog Series: Rogue CFO II – Internal Accounting Controls and Supervision Rogue CFO- III – Background Checks Small, privately owned corporations deal with all types of challenges: competition, government regulations, recessions, rising cost of benefits for employees —the list is long. But one area that seems to be a persistent problem for small businesses is […]

 

‘S Wonderful, ‘S Marvelous, ‘S Unreasonable

One of the reasons to choose an S-Corp instead of an LLC is tax savings.  An S-corp does not pay any taxes at the corporate level, but instead all income is passed through to the shareholders, who are responsible for a number of taxes on both salary and dividends (return on investment).