At the end of 2017, Congress passed a new tax bill that claimed to simplify taxes. Since then, Cook Martin Poulson has been at the receiving end of countless questions from our business clients. Since the language of the law is complicated and open to interpretation, we want to walk you through its provisions.

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This post was originally published January 18, 2016 and extensively updated August 15, 2018.

You have many accounting software options when it comes to keeping track of your business’ financial accounts.  One of the most popular options is QuickBooks. Many people enjoy using QuickBooks because it’s easy to use, has robust features, and can grow with their company.

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Cook Martin Poulson, P.C. recently hosted an event that focused on the tax changes taking effect in 2018. Understanding how the changing tax landscape will impact you as an individual and/or as a business owner is important, and we know that the information can be overwhelming.

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A lot of small and family-owned businesses operate on a shoestring budget. For that reason, it’s not uncommon for them to be carrying a significant amount of debt. In fact, that’s one of the most common problems business owners bring to us at Cook Martin Poulson. They want to know how to reduce their debt.

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At Cook Martin, we work with business owners every day. We help them with everything from day-to-day accounting to creating a business succession plan. One of the most common questions we get is this:

How much is my business worth?

It’s a good question to ask – and an important thing to know. Whether you’re planning to sell a business, acquire a company, or pass your business down to a family member, you need to be sure that you’re valuing it properly.

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This post was originally published  Sep 29, 2015 and extensively updated December 21, 2017.

Starting a business requires courage, planning, hard work, and determination. As a business owner, you know that. You can’t trade in the security of a regular paycheck for the uncertainty of entrepreneurship if you don’t have fortitude.

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This post was originally published April 27, 2016 and extensively updated December 18, 2017.

What will happen when you retire from the business you own? That’s a question that many family business owners struggle with. They love the idea of keeping the business in the family – and that’s understandable.

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At Cook Martin, helping small business owners and entrepreneurs is part of what we do. One of the things that often trips up people who are starting out in business is paying taxes.

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What would you do if your small business ran into a crisis?

If you haven’t asked that question, you might be putting yourself at risk. The economy will rise and fall. That’s a fact of life and the kind of thing that can be virtually impossible to predict.

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College tuition today is more expensive than it ever has been – and it’s likely to get pricier in the coming years. For that reason, it’s essential to save as much as possible for your child’s college education.

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