Category Archives: Advisory|Strategic Guidance|Value Building

At Whittaker CPAs, we see the same issue every year, poor financial record keeping leads to missed deductions, compliance issues, and unexpected tax bills. It also keeps business owners in the dark when it comes to profitability and cash flow. If you don’t know your numbers, you can’t make confident decisions. Worse, you could be

For many business owners and investors, taxes are one of the largest obstacles to maximizing returns. That’s where Opportunity Zones come in—a program that can unlock significant tax savings while encouraging investment in underdeveloped areas across the country. But how exactly do you leverage commercial real estate investments in these zones to benefit from these

Maximizing Your Education Savings: A Comparison of 2023 Education Tax Incentives Investing in education is one of the most significant steps you can take for your future, but it’s no secret that the costs can be daunting. Thankfully, the U.S. tax code offers several education tax incentives designed to lighten this financial load. Understanding these

Donating inventory can be a strategic move for businesses looking to manage surplus goods while supporting charitable causes. This process not only helps communities but also provides potential tax benefits. Here’s how businesses can donate inventory and what they need to know about tax deductions. Steps to Donate Inventory Identify Eligible Charitable Organizations: Ensure the

In today’s competitive business landscape, financial benchmarking has emerged as a critical tool for organizations seeking to optimize their performance and gain a competitive edge. By comparing financial metrics against industry standards, companies can identify strengths, weaknesses, and opportunities for improvement. This blog post delves into the best practices of financial benchmarking, exploring its steps,

Understanding Deductible Company Entertainment Expenses Running a business involves various costs, some of which can be deducted from your taxable income. Among these deductible expenses are company entertainment costs, which can provide opportunities to strengthen business relationships and boost employee morale. However, navigating the rules around what constitutes a deductible entertainment expense can be tricky,

Small and medium-sized enterprises (SMEs) often encounter significant challenges in managing their financial operations efficiently. This is particularly true for companies in the high-tech, manufacturing, and distribution sectors, where financial complexity can be high, and resources are often limited. One effective solution gaining traction is the outsourcing of Chief Financial Officer (CFO) services. This approach

When managing both a business and real estate investments, structuring your holdings wisely is crucial for protecting your assets. It is also important to consider when optimizing for financial management, and enhancing operational efficiency. One highly recommended strategy is to hold your real estate and your company in separate entities. Let’s explore why this approach

In the world of business, guaranteeing a loan for another entity can be a strategic move. However, it comes with significant risks. Understanding the potential consequences if the other entity becomes insolvent is crucial for making informed decisions. In this blog post, we’ll explore what happens when your business guarantees a loan and the borrower

Maximizing Customer Value: Strategies for Manufacturing, Distribution, and High-Tech Businesses In manufacturing, distribution, and high-tech industries, increasing the dollar value of each customer sale is crucial for sustaining growth and building a loyal customer base. While attracting new customers is essential, maximizing the value from existing customers can lead to higher profitability and stronger relationships.