This year the IRS moved the deadline for filing the 2020 federal income tax returns from April 15 to May 17, 2021. This change comes after lawmakers, tax professionals, and others put intense pressure on the agency to "help taxpayers navigate the unusual circumstances related to the pandemic" by giving them more time to file their 2020 federal income tax returns. The IRS issued Notice 2021-21 with … [Read more...]
A Business Valuation: What to Expect
Business valuation involves both a quantitative and qualitative assessment of your company, to determine its price and value on the market. To establish your company’s value, a business valuation analyst/appraiser looks at several factors. Business Valuation Factors:Revenues Expenses Financial reports The economy Your industry Your company’s internal structure/ … [Read more...]
When does a Company Need a Business Valuation?
Many business owners never think about the value of their company--until they’re trying to sell it. Obtaining a business valuation is the first step if you intend to sell your company. According to Pam Oliver, owner of Horizon Business Valuations LLC, business valuation is a complex process that touches every aspect of a company.Besides positioning a company for sale, here are some of the … [Read more...]
3 Types of CPA Firms: Let Ten Key Help Choose the Right One for You
Every business is unique, and your business has its own unique needs as far as accounting is concerned. At Ten Key, Inc., we offer customized services to suit our clients’ needs, and that extends to the services we recommend.In our article about choosing a CPA, we talked about questions to ask a CPA (Certified Public Accountant) before you hire one. However, there’s no need to feel like you’re … [Read more...]
Choosing a Certified Public Accountant: 3 Things to Look for
We’ve been talking about why you should build your financial team and how to get started. We’ve also introduced you to some team members like your Financial Advisor, so you can build a team that works for all your goals!Your Certified Public Accountant, or CPA, is an essential part of your financial team for obvious reasons: he or she will be the one who helps you navigate that rabbit warren … [Read more...]