Your business’ assets are one of its greatest strengths. They support your day-to-day operations, can collateralize a loan, and could manufacture inventory. It’s important to track and account for them accurately.
Maximizing customer value is an important part of maintaining and growing your business. Your customer value proposition is what keeps existing customers happy and brings in new business. Without a clear value proposition, you may have difficulties marketing yourself to new customers.
If you are like many people, you are thinking about what may be ahead as you near retirement. Whether you are within a few years of retirement or still have decades to go, contributing as much as possible to your retirement plans can pay off big in the years ahead. But as you know, the contributions to various plans can change from year to year, so it’s important to know what you can or cannot do regarding your 401(k), IRA, or other plan. As we now get 2021 underway, here are the contribution limits for various plans of which you should be aware.
If you own a small business, you know how important it is to support various charitable causes, both within your own community and throughout the world. But as you know, there are always changes related to your taxes and how your charitable donations may be done from one year to the next. As 2021 begins, it is important for you to be aware of several changes to charitable donations, some of which have been done so via the CARES Act passed by Congress in 2020. If you are a small business owner and make it a priority to provide charitable donations each year, here is what you need to know going forward in 2021.