As the clock ticks toward December 31, Florida condominium associations face a crucial deadline: to complete mandatory structural inspections and establish reserves for necessary repairs. This requirement, aimed at preventing tragedies like the 2021 Surfside condo...
What is a Buy-Sell Agreement? A Buy-Sell Agreement is a legally binding contract that lays out the parameters under which shares in a business can be bought or sold. It provides a mechanism for an orderly business succession should an owner decide to transfer his...
The new Paycheck Protection Program (PPP) law enacted with the stimulus package adds dollars to your pockets if you have or had PPP money. Before we go further, please note the PPP money comes to you in what appears to be a loan. We say “appears” because you...
On November 18, 2020, the IRS released Rev. Rul. 2020-27 and Rev. Proc. 2020-51 providing desperately needed guidance on the timing issues related to Paycheck Protection Program (PPP) loan forgiveness and the deductibility of the related PPP expenses. Since May 2020...
Financial forecasting is the process of predicting the future outcome of economic, marketing, and financial trends. It is the process of estimating or predicting a business’s future performance. The financial prognosis obtained through the financial forecasting...
Are you one of the millions of businesses that have an outstanding non-disaster Small Business Administration (SBA) loan? These include: 7(a) loans: general small business loans of up to $5 million, 504 loans: loans of up to $5.5 million to provide financing for major...
During my 20+ years of experience I have concluded that most business ventures fail not because it was a bad idea, but because it was a poorly implemented idea; or there were entrepreneurial mistakes that ended up driving the business into a downward spiral....
Summer is a good time to do some pruning on your business. Now is the time to recharge some of the areas of your business that may have been neglected recently. While you have been able to get away with a few loose ends and haphazard processes, to stay competitive...