If we’ve learned anything from 2020, it’s that our best-laid plans don’t always turn out. As the great philosopher Mike Tyson once said: everyone has a plan until they get punched in the face. What is your plan for exiting your Southeastern FL family business? You need to have a direction. For many, it’s moving the family business towards a sale. But for many others, they want to see their… Read More
Archives for June 2021
A Few Winning Tips for Controlling Costs in Southeastern FL Businesses
So … I’m not sure if you knew this. Apparently, running a business is expensive. And controlling costs can be daunting. But despite whatever you might see from those gurus who are posing by their Lamborghinis in the Facebook ads … even the leanest Southeastern FL businesses are never 100% profit. Trust me — I’ve seen it all. Which is why I wanted to take a moment to write about… Read More
Heyer Accounting and Tax’s Thoughts on Reimbursement vs Company Cards
If you’ll forgive me, I’m going to get pretty geeky today. You probably didn’t realize that there are actual pros and cons to expense reimbursement for employees, etc., or using a company cc. Oh, my Southeastern FL readers, I’m going to take you down a little rabbit hole today, yes I am. Now, let’s dive into handling business expenses paid by employees. Heyer Accounting and Tax’s Thoughts on Reimbursement vs… Read More
4 Tips for Southeastern FL Taxpayers Owing the IRS
For many Southeastern FL individuals, families, and businesses, it can seem that the government has simply been throwing money around and not paying attention to what is done with it, or collecting what is due. But if you believe that the IRS won’t come hunting for ways to recapture lost revenue … you’d be wrong. Owing the IRS money isn’t something the IRS easily forgets. And, Southeastern FL friends, it… Read More
Southeastern FL Taxpayers, The Problem with an Unfiled Tax Return…
The unfortunate reality is that if you have an unfiled tax return — even if you don’t owe any taxes that year — there can be problems. And, that is obviously the case if you do happen to owe taxes. Not only can the federal government stir up trouble for you, but each state has various consequences as well, and states sometimes have certain powers beyond those of the national… Read More
Accounting Helps You Make Better Financial Business Decisions
In their financial accounting, there are a series of principles that businesses are required to follow, and in the U.S. most publicly traded companies follow the ‘generally accepted accounting principles’, or GAAP. This set of standards and best practices are used by accountants when totting up the figures and completing financial statements. Businesses can make important financial decisions based upon the following accounting data: Making investment decisions using financial accounting:… Read More