Chuck Franklin CPA, CGMA, CTC

01/22/2024

A mutual fund's performance -- its total return -- can be either positive or negative. In other words, a fund either made or lost money for a measured time period. There are three separate elements that contribute to total return: the distribution of fund income (interest and dividends received on the fund's investments); the distribution of capital gains; and the rise or fall in the price of fund shares. A fuller understanding of these three elements can help you make more informed decisions as an investor.

A mutual fund's performance -- its total return -- can be either positive or negative. In other words, a fund either made or lost money for a measured time period. There are three separate elements that contribute to total return: the distribution of fund income (interest and dividends received on t...

01/17/2024

It's reassuring to remember that downturns are a normal part of the business cycle. And, just as there are strategies that help businesses thrive during profitable times, there are basic survival tactics that businesses can employ when the outlook is less than rosy.

It's reassuring to remember that downturns are a normal part of the business cycle. And, just as there are strategies that help businesses thrive during profitable times, there are basic survival tactics that businesses can employ when the outlook is less than rosy.

01/11/2024

Corporate Transparency Act: How Does it Affect Small Business Owners?
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01/09/2024

IRS to begin accepting and processing 2023 tax returns on Jan. 29

01/05/2024

Beneficial Ownership Information (BOI) reporting is a federal requirement by the Corporate Transparency Act (CTA). BOI reports include information about all the company’s beneficial owners.

What is Beneficial Ownership Information Reporting?

01/05/2024

What is the Corporate Transparency Act?
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11/28/2023

Inheriting wealth or assets from a loved one is a sensitive and often emotionally charged event in one's life. It can bring comfort, relief, and, in some cases, a sense of financial security. However, amidst the emotions and relief, the question that naturally arises is, "Is this inheritance taxable?" The answer, as is often the case with tax-related matters, is not a simple 'yes' or 'no.' Instead, it depends on various factors.

Inheriting wealth or assets from a loved one is a sensitive and often emotionally charged event in one's life. It can bring comfort, relief, and, in some cases, a sense of financial security. However, amidst the emotions and relief, the question that naturally arises is,

11/22/2023

Employee Retention Credit Fraud- What to look out for
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11/20/2023

Investing in the stock market can be a great way to build wealth and secure your financial future, but not all stocks are created equal. Just as there are promising opportunities, there are also stocks that may be best avoided due to various red flags. In this article, we will discuss the key warning signs that may indicate a stock should be on your "avoid" list.

Investing in the stock market can be a great way to build wealth and secure your financial future, but not all stocks are created equal. Just as there are promising opportunities, there are also stocks that may be best avoided due to various red flags. In this article, we will discuss the key warnin...

11/17/2023

Taxes are an integral part of running a business, and they often represent a substantial portion of your expenses. However, there's good news for businesses looking to reduce their tax burden and stimulate growth – business tax credits. These credits provide financial incentives for companies to invest in various activities, from research and development to promoting renewable energy. In this article, we'll explore what business tax credits are, how they work, and how they can benefit your company.

Taxes are an integral part of running a business, and they often represent a substantial portion of your expenses. However, there's good news for businesses looking to reduce their tax burden and stimulate growth – business tax credits. These credits provide financial incentives for companies to i...

10/31/2023

As a business owner, you should familiarize yourself with your federal, state, and local tax requirements. Understanding what your obligations are will assist you in filing returns and paying taxes accurately and on time. Whatever taxes you are required to pay, you have to be very aware that there are deadlines for remitting them and any delays on your part could result in penalties. Here are some tips that can help you avoid tax trouble with the IRS.

As a business owner, you should familiarize yourself with your federal, state, and local tax requirements. Understanding what your obligations are will assist you in filing returns and paying taxes accurately and on time. Whatever taxes you are required to pay, you have to be very aware that there a...

10/30/2023

Pricing products or services to maximize profits is a challenge -- often part art and part science. To do so effectively requires research, an understanding of your market, and an intuitive feel for what will work. Getting it right, however, is critical if your business is to be profitable. There are several important issues that you must factor into any decisions you make on setting prices for your goods or services.

Pricing products or services to maximize profits is a challenge -- often part art and part science. To do so effectively requires research, an understanding of your market, and an intuitive feel for what will work. Getting it right, however, is critical if your business is to be profitable. There ar...