Succession planning considerations for construction business owners
Construction business owners often leave one item unchecked on their personal punch lists: Create and maintain a succession plan. Here are some key points to make the task easier.
Does your family business’s succession plan include estate planning strategies?
Are you a family business owner who needs to work on your succession plan? Be sure to consider whether, and when, you want to give up control of the company.
Is it time to update your accounting practices?
Have your accounting procedures and systems kept up with the times? Here are five tips to consider.
Is your construction company’s 2023 budget built on a solid foundation?
Construction company owners: Have you finished your 2023 budget yet? If so, will it hold up throughout the year? Here are some important points to keep in mind.
Choosing a retirement plan for your small business
You know your small business is getting somewhere when it’s ready to offer employees a retirement plan. Congratulations … and choose carefully.
Operating reserves can help cushion financial blows
Building or replenishing nonprofit operating reserves can take time. But you need a financial cushion, particularly when the economic future looks uncertain. Learn more about finding funds to grow reserves.
Accounting policies and procedures are essential for nonprofits, too
Not-for-profit entities may not focus on earnings per share, but that doesn’t mean they can afford to neglect their accounting function. Here are some tips to help nonprofits run a well-oiled accounting department.
Like every business, a start-up needs a sensible budget
Are you thinking about launching a start-up? Or do you just want to get back to the basics of good budgeting? Here’s a look at the foundation of a solid budget.
Protecting your nonprofit from data breaches
There are many low-cost (and even free) cybersecurity tools available to nonprofits, so don’t take the risk of going unprotected. Here are some easy ways to prevent data breaches.
Prevent fraud at your construction company with a holistic approach
Fraud is an ever-present threat for construction businesses, both in the office and on jobsites. That’s why contractors must leave no stone unturned when trying to prevent it.
Preparing for year-end inventory counts
A physical inventory count gives a snapshot of how much inventory your company has on hand at year end. Are you ready to start counting?
Maryland Saves Program Effective For Tax Year 2023
In 2016, the Maryland legislature passed Senate Bill 1007 establishing the Maryland Small Business Retirement Savings Program (Maryland Saves Program). After many years of delays, the Maryland Saves Program is effective for tax year 2023.