Business Planning & Consulting

Considering layoffs? Try these alternatives first

If your business has become financially distressed, layoffs may seem unavoidable. Not necessarily! This article suggests alternatives, such as trimming perks, benefits and wages, first.
April 8, 2026
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It’s every business owner’s least-favorite task: laying off staff. But sometimes, layoffs are unavoidable. Labor costs are a significant line item on most companies’ income statements, and reducing your workforce can potentially help restore stability if your business hits choppy waters. On the other hand, many costs are associated with staff reductions. These include severance […]
#BusinessStrategy, #CostManagement, #WorkforceManagement
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Tax Planning

What you need to know about filing an extension — and minimizing penalties

Not ready to file your federal income tax return by April 15? There are things you can do to avoid or reduce penalties.
April 7, 2026
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If you don’t have everything ready to complete your 2025 federal individual income tax return by the April 15 deadline, you can request an automatic extension. Filing Form 4868, “Application for Automatic Extension of Time To File U.S. Individual Income Tax Return,” by April 15 can give you breathing room to file accurately and protect […]
#TaxDeadline, #TaxExtension, #TaxPlanning
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Employee Benefit Plans

Benefits that help you care for your company’s caregivers

Businesses that employ parents of young children and other caregivers, take note! Some employer-provided benefits can help support these employees, improve retention and reduce taxes.
April 1, 2026
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With caregiving costs rising faster than inflation, it’s harder than ever to juggle parenting young children or caring for elderly relatives while also working nine to five. Your business can help support caregiving employees and boost productivity by offering dependent care flexible spending accounts (FSAs). This benefit provides a tax-advantaged method to pay for eligible […]
#DependentCareFSA, #EmployeeBenefits, #WorkplaceBenefits
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Tax Planning

Debt vs. equity: Classification counts when shareholders put money into their corporations

How you move money into your C corporation today can shape your tax outcomes tomorrow. Here’s why making bona fide loans to your business can be a tax-smart move.
March 30, 2026
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If you operate your business as a C corporation, how you put money into your company — and how you take it back out — can have a major impact on your tax bill. Payments from shareholders to fund the business can either be classified as capital contributions (equity) or shareholder loans (debt). That might sound […]
#BusinessStrategy, #CorporateTax, #TaxPlanning
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Marketing

Cross-functional teams can boost collaboration — and sales

Do your sales efforts feel disconnected from pricing, operations and customer service? A cross-functional sales team can help you connect the dots. Here’s how.
March 25, 2026
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“Cross-functional” sales teams that collaborate with other departments often perform more effectively than siloed ones. By providing feedback and support, employees with varied skill sets and knowledge bases can help your sales team create more holistic sales strategies, better align product offerings with customer needs and efficiently adapt to market changes. Here’s how sales can […]
#BusinessCollaboration, #MarketingAlignment, #SalesStrategy
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Retirement Planning

Don’t miss your opportunity to make a 2025 IRA contribution — whether you can deduct it or not

.Making a 2025 IRA contribution can provide tax savings today or when you take distributions in retirement. And you can benefit from tax-deferred or tax-free compounding. But the contribution deadline is coming up soon.
March 24, 2026
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Generally, each year you can contribute up to the annual limit to a traditional or Roth IRA (or a combination of the two). But once the contribution deadline has passed, the opportunity to contribute for that year is lost forever. The deadline for 2025 IRA contributions is April 15, 2026. You may be eligible to […]
#IRATips, #RetirementPlanning, #TaxPlanning
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Financial Reporting & Assurance

Should your business consider a fiscal year end?

For many businesses, the calendar year is the default setting for tax reporting. But in some situations, a different year end may be the smarter choice.
March 23, 2026
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Most businesses close their books for tax and accounting purposes on December 31 because it aligns with the calendar year. But a calendar year isn’t always the best option. For some companies, choosing a fiscal year end that better reflects their business cycle can improve financial reporting and simplify year-end procedures and tax filing. Here’s […]
#BusinessStrategy, #FinancialReporting, #TaxPlanning
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Real Estate & Construction

Why you might want to build a wall between your business and its real estate

Many businesses initially place real estate in the same entity as their operating assets. But separating your company from its real estate can offer several important benefits.
March 18, 2026
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Does your business own its real estate in a separate holding company, such as a limited liability company (LLC) or limited partnership? This practice can provide several advantages, including shielding property from your company’s creditors. It can also ease estate planning if, for example, you want to transfer business interests to your children while retaining […]
#AssetProtection, #BusinessRealEstate, #TaxPlanning
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