Knowledge is power, in both life events and business

It has been inspiring watching the rescue of the youth soccer team in Thailand. They were trapped by rising water in a cave. One...

Sales tax: the talk of the town after Wayfair case

E-commerce has changed the way many businesses conduct transactions in recent years.   The days of brick- and -mortar transactions are changing to electronic transactions....

Things to consider when funding a family business transfer

All business ownership transfers are complicated and emotional, and when ownership is transferred within a family, these issues are magnified. According to Forbes, less...

Key steps that will result in employee retention

In today’s society, it seems we are exposed to new terms every day. Those that are repeated a lot, we eventually get an inclination...

What to expect for new revenue recognition guidance

The Fourth of July is a day many in the West Michigan business community spent with family and friends at the lake, having cookouts...

Improve your odds of success with organization

A place for everything and everything in its place. So simple and so important yet often not followed.Organizations struggle with efficiency. The thief of...

Social engineering fraud in family-owned businesses

It wasn’t so long ago that cyber breaches were the latest emerging risk for wealth managers and other professional service firms. As business continues...

The how and when of effective communication

Day in and day out, we hear discussions related to communications of one type or another. Frequently, this discussion immediately shifts our attention to...

What tax issues arise with cryptocurrencies?

By now, it’s likely you know someone who is invested in virtual currency, is collecting virtual currency in exchange for services or product or...

Tips on spotting incompetent or unethical attorneys

The legal community is getting a lot of negative publicity from the mess in Washington, television shows and street talk. If you watch the...

Using outside directors in your family business

Publicly traded companies have boards of directors primarily comprised of outsiders. But how many owners of family or other closely held businesses think about,...

The employee handbook: essential or obsolete?

When was the last time your handbook was reviewed and/or revised? For many organizations, it’s one of those tools human resources hands out when...

Understanding the tax math for 2018 returns

In recent weeks, most of us have filed our individual income tax returns or requested an extension of time to file any required tax...

Dear Liz, here’s small-business advice from Grandpa

My granddaughter, Liz Nol, is opening a women's clothing store, Marie La Mode, on Cherry Street SE. The grand opening was May 5. She...

Avoid unexpected surprises with self-analysis

Historically, when a person or a couple of people started a new business, it was because they identified a need, or they believed they...

When it’s time for change, do it the right way

What is it that raises the topic of change? Perhaps it is one of the following conditions: 1) Circumstances cause some people to lack...

The physics behind trade policies and taxes

High school was many years ago for most of us. Reunions seem to come up more often as the time flies by. Memories of...

Whiz Kids jump-started my distrust of large companies

I bought a book that gathered dust on my bookshelf for at least five years.“The Whiz Kids” by John A. Byrne is about 10...

Growth amid regulation: how to avoid unanticipated consequences

Longevity, stability and growth. These three words describe family-owned businesses in West Michigan.A 2016 PwC Family Business Survey of 2,800 senior executives from...

The role of business in today’s ever-changing society

When people talk about work, they typically start with a brief discussion of what they do and the name of that job. “I’m a...

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