When transferring ownership and management responsibilities to the second generation, owners of family businesses strugg...
Gross Profit Margin: How this overlooked metric could increase your company’s value
When it comes to your company’s bottom line, cash flow is queen (or king, if you prefer). A steady cash stream allows ...
Protect your business from a recession: 12 steps for small business owners
Small businesses are uniquely at risk from recessions. According to J.P. Morgan, the average small business holds 27 day...
2023 Tax Changes in Massachusetts: What business owners need to know
On Oct. 4, 2023, Massachusetts Governor Maura Healey signed into law the first major tax cut for the Commonwealth in ove...
Business owners: 5 ways to avoid the Massachusetts Millionaire’s Tax
If you’re a business owner living in Massachusetts, you may one day sell your company for more than $1 million. Becaus...
Selling your business: Avoid capital gains tax with the Qualified Small Business Stock exclusion
Capital gains taxes can eat up a hefty portion of the profit from the sale of your small business. Luckily, one underapp...
Enhanced engagement: the fortune is in the follow-up
Small businesses are often terrible at follow-up, a problem compounded by their success. More work is created on the pat...
The downside of milking your small business for income
Here’s a business fact you might not know. According to Forbes, 80 percent of businesses never sell. Those that do...
Group incentive plans: grow your business by inspiring your employees to act like owners
“Vision without execution is hallucination,” Thomas Edison said. As a business owner, you can support employees in e...
Looking to reduce business taxes? Move to Puerto Rico
Can you spend half the year on a Caribbean island while legally avoiding virtually every U.S. federal and state tax? Yes...
It’s Not a “No Meeting Day;” It’s a “Get Stuff Done” Day
Too many meetings can make it difficult for companies to get things done. They negatively affect employees’ psychologi...
What can business owners learn from the collapse of Silicon Valley Bank?
Silicon Valley Bank was a state-chartered commercial bank in Santa Clara, Calif. A run on the bank’s deposits caused i...