September is a season of transition. It’s a time to take stock of what’s working, make thoughtful adjustments, and prepare for what lies ahead. Whether you’re managing a business, planning your finances, or looking for new opportunities, the decisions you make today can have a lasting impact. This month’s insights offer practical guidance to help you build on your progress, navigate change, and make the most of the opportunities ahead.
< back to Insights Gallery For most business owners, the June estimated-tax payment is something to get off the desk. […]
Higher wages, elevated borrowing costs, supply chain adjustments, and continued pressure on essential expenses have created a financial environment where careful budgeting is more important than ever. In times like these, relying on last year’s spending patterns as a budgeting baseline can lead to unnecessary expenses and crimped cash flow. Instead, many financial professionals recommend a budgeting method known as zero-based budgeting.
Finding qualified workers is a common challenge employers are facing. Rather than relying solely on an increasingly competitive hiring market, many organizations are discovering another solution, investing in the employees they already have. By helping current staff develop new skills and expand their capabilities, businesses can address talent shortages from within while strengthening employee engagement and long-term performance.
Nonprofits are disproportionately vulnerable to occupational fraud due to small administrative teams, part-time board oversight, and heavy reliance on cash-based transactions. Asset misappropriation schemes such as skimming, billing fraud, and expense reimbursement abuse are among the most common threats, and the typical scheme goes undetected for over a year. By implementing practical internal controls, strengthening board oversight, and engaging a CPA proactively, nonprofits can significantly reduce their exposure before a loss occurs.
Selling a business, rental property, or other large asset triggers a range of tax consequences, including capital gains tax, depreciation recapture, and the net investment income tax, that can result in a significantly larger bill than most sellers anticipate. Tools like installment sale elections, deal structure adjustments, and strategic closing timing can reduce that exposure, but most of them require action before the transaction is finalized. A conversation with your CPA before you enter active negotiations is the most reliable way to protect your after-tax proceeds.
Most business owners carry a rough estimate of what their company is worth, but that mental number is not a valuation, and the gap between the two can be costly. A formal, methodology-based business valuation is required in a wide range of situations, including selling or transferring a business, estate planning, lending, divorce, equity compensation, and shareholder disputes. Working with a credentialed valuator and involving your CPA early ensures the resulting number is defensible when it matters most.
Business owners who move money, goods, or services between commonly controlled entities are subject to IRS transfer pricing rules, which require that intercompany transactions be priced as if they were conducted between unrelated parties. When those prices are not set correctly, the IRS has authority under IRC Section 482 to reallocate income and assess back taxes, interest, and penalties that can reach 20% to 40% of the resulting underpayment. With the right documentation and a deliberate approach to pricing, most small and mid-size business owners can manage this exposure without complex or costly studies.
Big financial decisions rarely happen by accident and neither do the best outcomes. In this month’s issue, we look at the proactive strategies that help business owners and nonprofit leaders reduce risk, protect value, and make informed decisions before opportunities or challenges become costly mistakes. Whether you’re growing, selling, or strengthening your organization, these insights can help you move forward with confidence.
< back to Insights Gallery Every year we watch practice owners make the same avoidable mistake. They decide to buy […]