Getting Started With Succession Planning It’s not unusual for business owners to put off succession planning. Like estate planning, it’s one of those things people don’t particularly like to think about. But succession planning can smooth the transition when the time comes to transfer the reins to the next generation, reduce the risks involved, and [...]
Watch Out for Business Identity Theft With identity theft on the rise, no business can afford to ignore the signs that it has been targeted. What are the signs of possible business identity theft? Calls from debt collection companies You receive a call from a debt collection company or other business out of the [...]
Six Tips for “Recession-Proofing” Your Business The title of this article is a bit of a misnomer. No business is immune from a recession or other economic downturn, but there are some strategies you can use to maximize the chances that you’ll weather future downturns. For example: Manage cash flow while times are good. [...]
The Tax Cuts and Jobs Act of 2017 and Business Deductions The Tax Cuts and Jobs Act of 2017 (TCJA) significantly impacted deductions for business meals and entertainment, leading to confusion about what is deductible and what is not. Here's a brief overview of the changes. Entertainment The TCJA ended the practice of deducting [...]
The Real Value of a Business: Maximizing Value in a SaleThe real value of a business is the amount for which it can be sold. Business owners interested in selling must ask themselves what would make their business more valuable in the eyes of a prospective buyer. At the same time, maximum value is dependent [...]
Symptoms of Sickness in a Small Company Here are six symptoms of sickness: Weakness in or lack of strategy.If you don’t know when you should decline the opportunity to merge or open a new location, you don’t have a strategy. Lack of urgency.You cannot be complacent about your perceived level of success. It will [...]
Do you remember who taught you how to balance a check book? What about how credit cards work? How did you learn to file taxes? The majority of answers to these questions do not involve our schools, teachers, or education system. Many individuals, not only in Nebraska but across the nation wish that they learned [...]
When you realize that your financial situation needs a little TLC, you might not know where to look. This is why Cruise & Associates is taking the time to give you a few financial tips and tricks that could get your foot in the door for a healthier relationship with your finances. A common [...]
Everyone knows that the holiday season can often be a stressful time. Traveling, gift giving, and the weather make it very stressful and even demanding. Cruise & Associates would like to give you a few tips on how to stay on top of the holiday season without going over budget. Budget – Set a reasonable [...]
Believe it or not, financial happiness is not determined by how much money you make. If money cannot buy you happiness, what does financial happiness mean? Financial happiness is not a cookie cutter. There are many forms of travel along the way of achieving financial happiness. Getting out of debt, managing your debt, raising [...]