Kerry Wolfe

Choosing a Business Entity

Deciphering Financial Impacts of Business Entity Options

One of the first decisions an entrepreneur needs to make when starting a new business is to choose the most tax-efficient entity structure for the new venture. In most cases, the new business will operate as a S corporation, partnership, sole proprietorship or C corporation. Entity structure determines, among other things, which assets are protected …

Deciphering Financial Impacts of Business Entity Options Read More »

Looking into a Crystal Ball

Want to see into the Future of your Business? Delve Deeper into your Sales Forecasting Approach.

For a company to be truly successful, its ownership needs to attempt the impossible: see into the future. Forecasting key metrics — such as sales demand, receivables, payables and working capital — can help you manage overhead, offer competitive prices and keep your business on firm financial footing. Although financial statements are often the starting …

Want to see into the Future of your Business? Delve Deeper into your Sales Forecasting Approach. Read More »

Money Tightening

Tighten up billing and collections to mitigate economic uncertainties

While many economic indicators remain strong, the U.S. economy is still giving business owners plenty to think about. The nation’s gross domestic product unexpectedly contracted in the first quarter of 2022. Rising inflation is on everyone’s mind. And global supply chain issues persist, spurred on by events such as the COVID-19 lockdowns in China and …

Tighten up billing and collections to mitigate economic uncertainties Read More »

Reviewing local tax report

Some Small Business Owners Can Pay State Income Taxes at Entity-level and Capture a Tax Deduction

Over the years, the tax code has changed many times and the most recent large piece of legislation, the ‘Tax Cuts and Jobs Act, was passed in 2018. This legislation changed many ways in which taxes are figured, including decreasing tax rates, increasing the standard deduction, eliminating the personal exemption and capping the state and …

Some Small Business Owners Can Pay State Income Taxes at Entity-level and Capture a Tax Deduction Read More »

Tax Refund

Keep an eye on your mailbox – Georgia is issuing refunds to many Georgia taxpayers!

In March, Governor Kemp signed a bill to give state income refunds to people who filed tax returns in Georgia for 2020 and 2021. Those refunds are starting to appear in mailboxes and they should be approximately $250 for single filers, $375 for head of household filers, and $500 for joint filers. If you did …

Keep an eye on your mailbox – Georgia is issuing refunds to many Georgia taxpayers! Read More »

Scroll to Top