Potential Tax Changes That Could Impact Small Businesses in 2021

Potential Tax Changes That Could Impact Small Businesses in 2021

Small businesses are sensitive to tax laws in ways big businesses are not. Most small businesses are pass-through entities that pay taxes at individual rates. The proposed infrastructure improvement plan, which includes raising the corporate tax rate to 28% from 21%,...
The Advantages of Value-Based Pricing

The Advantages of Value-Based Pricing

Although value-based pricing is a hot topic, many accounting and law firms continue to bill hourly. An hourly rate emphasizes time, which shifts the focus from value received to hours taken to complete a project. The alternative to billing by the hour is a value-based...
The Benefits of Fixed & Value-Based Pricing Over Hourly Billing

The Benefits of Fixed & Value-Based Pricing Over Hourly Billing

Many businesses around the United States turn to professional service firms for guidance. Time, or rather lack of it, is a major reason business owners turn to knowledge firms. Additionally, small business owners usually aren’t experts in all areas necessary to run...
Small Business Election Impacts: Stay Prepared and Devise a Plan

Small Business Election Impacts: Stay Prepared and Devise a Plan

Small Business Election Impacts: Former Vice President Joe Biden is the perceived winner of the election with running mate Kamala Harris, although numerous recounts have been requested in key battleground states as well as some potential lawsuits which were filed by...
S-Corp vs. LLC: Which is Best For Your Business?

S-Corp vs. LLC: Which is Best For Your Business?

S-corp vs LLC: You’ve decided to start a business of your own. Or maybe you have been running one as a sole proprietor and have decided you need to protect your personal assets from those involved with your growing business. You might even decide that there...