Daily Archives: November 13, 2022

Tax Court Corner – Small Business Edition

Here’s a roundup of several recent tax court cases and what they mean for your small business. Be Reasonable About Compensation (Hood, TC Memo 2022-15, 3/2/22) Facts: Clary Hood and his wife founded and were the sole shareholders of Clary Hood, Inc., a C corporation. In 2014, Hood and his advisors concluded that Hood had…

5 Numbers That Will Make or Break Your Business

Regardless of the type of business you’re running, actively monitoring a few key numbers is often what’s needed to keep your company growing and prosperous. A company’s key financial indicators often fall into one or more of the following categories: Order volume. Find the metric of orders that makes sense for your business. Then measure…