By Brandon Fredericks, CPA| Principal | Industry Specialty AGP Advisory, Audit & Assurance The rapid growth of the carwash industry has made it a promising investment for those interested in owning a business. The opportunities will continue to grow as the industry expands — the global car wash services market is anticipated to grow when …
6 Things To Consider Before Purchasing a Car Wash Read More »
Cleveland, OH – (March 28, 2023) — Apple Growth Partners (AGP), an award-winning accounting and business advisory firm, has been named a Regional Leader by Accounting Today as part of their 2023 Top 100 firms list. AGP is included for the second year in a row in the Great Lakes category, the second largest region …
Apple Growth Partners Named 2023 Regional Leader by Accounting Today Read More »
It’s the number which needs no formal introduction, and it’s an elephant in the boardroom of every business in America whether acknowledged or not. No strategic plan, economic forecast, or growth projection is complete without cognizance of how a $31 trillion national debt service will muscle its way throughout the US economy. The goal of this article is to raise awareness of how incremental national debt impacts private businesses and explain why a pain-free past of borrowing is no indicator of future consequences from more borrowing. Finally, there are some pointers at the end of the article to help business owners consider how to handle asset valuation changes caused by a national debt crisis.
A multi-part series on the importance of succession planning and key considerations for business owners
Owning and operating a restaurant can have significant perks, with a side of complexities. Mainly, understanding and forecasting taxes for restaurants, which can cause headaches among other responsibilities. Proactive tax planning is a must and should be completed prior to 12/31 of the calendar year to identify opportunities. Tax rules often change; best practice recommends business owners should understand the rules as stated currently, while being aware of potential future changes.
Owning and operating a restaurant can have significant perks, with a side of complexities. Mainly, understanding and forecasting taxes for restaurants, which can cause headaches among other responsibilities. Proactive tax planning is a must and should be completed prior to 12/31 of the calendar year to identify opportunities. Tax rules often change; best practice recommends business owners should understand the rules as stated currently, while being aware of potential future changes.
Under the Fair Labor Standards Act (FLSA), most restaurant employees are classified as non-exempt and entitled to overtime pay of 1 and ½ times their regular rate of pay. Calculating overtime pay can be challenging, especially for tipped employees.
With the current issues surrounding inflation, here are key steps for restaurants to manage the costs of food.
By Jason Bogniard, MBA, ASA, CVA, EA | Robert Jackson, CPA, MT | Andrew Adolph There can be significant income tax advantages to donating privately held stock or units to your favorite qualified charity, rather than charitable gifts of cash. A business owner with an interest in a non-publicly traded C- or S-Corporation, Limited Liability …
Charitable Donation of Closely Held Business Interests Read More »
By Ann Miller, CPA | Manager, Tax As we near the close of 2022, now is the time to make any last-minute gifts to fully use the annual gift tax exclusion for 2022. The annual gift tax exclusion amounts available for a gift made to an individual either directly or indirectly without filing a gift …
