We are so excited to add the talented folks at Rolfes & Swisher to our team! Thank you to the Cincinnati Business Courier for sharing this transition with the Cincinnati community. #Welcome #BusinessCourier
In case you missed it, we're excited to announce that the Rolfes & Swisher team is joining Clark Schaefer Hackett. Thanks to the Cincinnati Business Courier and Steve Watkins for covering the story!
Our sister company, BlueStone Services is thrilled to be featured in this month's issue of I95 Business Magazine! Read page 10 to learn more about the history of BlueStone Services and the history they hope to make!
What a great way to welcome Lisa Heacock! As I point out in the article, Lisa has exactly what clients need: Deep industry knowledge, and an uncanny ability to pair the right people with the right opportunities. Check out the quick article breaking down Lisa’s experience and previewing what she’s bringing to the Seattle and Portland markets:
Inventory management can be complex, but we make it simple. Optimize your winery's inventory systems with Protea Financial's proactive planning. https://lnkd.in/gbhtrVN #InventoryManagement #WinerySuccess
Hey there, amazing restaurateurs! We know you're passionate about serving incredible meals, creating memorable experiences, and building a thriving business. But have you considered the impact strategic tax planning could have on your bottom line? Here's the scoop: Optimizing your tax strategy isn't just about crunching numbers – it's about securing the financial health of your restaurant. Check us out at www.mytaxesmadeez.com to learn more!
For decades: Helping people find and buy the right businesses the right ways. Avoid dumb deal. Make good deal. Everybody happy. OH YEAH! (I'm not a broker.)
Here's something to think about when you're seeking marketing and sales advice. The people you hire need to be immersed in the culture you're trying to influence. I see problems with this all the time. People wanting to buy or sell small and midsize businesses hire lawyers, accountants, and other advisers who mostly work on much smaller or larger deals, or deals in wildly different industries than the clients/companies seeking advice. Not smart for dealmaking. Agree or not? https://lnkd.in/ehX_6K53
A common misconception is that winery owners get to just sit around, drink, and be merry, when in reality, winery ownership can be very stressful. Luckily, Protea Financial understands this, and our team of experts is here to help you and your winery with everything from bookkeeping to payroll. Call us today to learn more. https://cstu.io/b0f993
Leadership Development Coach for high-potential working women | Corporate training and facilitator | Success planning and leadership development for professional women
Research shows that the majority of promotions happen in January as new fiscal budgets are introduced. But if you've ever desired a promotion before, you know it's not a one day project. It can take months of time to get things approved and put into place. So you need to be hyperfocusing NOW, in this busy season, on creating major progress in just one of the promotable areas I've attached an image of here. If you're not, your potential promotion money is going down the drain. Don't let a lack of preparation keep you from getting the recognition you deserve. Instead, schedule one of these free Fast Track your Promo calls with me - we will analyze which area needs your focus and what actions you can take in the next 90 days to make Q1 a success. DM me for access to my calendar or look into comments below! I have availability on Friday!
Which accounting method should you use for your winery? 🤔 When managing a winery, one of the most crucial decisions you'll make is how to handle your accounting. It’s not just about keeping the IRS at bay; it's about gaining insights into your business to make strategic decisions that enhance your profitability and growth. In our recent blog post, we're diving into the core differences between accrual and cash accounting methods, and how choosing the right accounting method framework can significantly impact your winery’s management: https://lnkd.in/gaUcxfuW Which accounting method do you use? #accounting #wineries #cashvsaccrual
Frictionless bookkeeping, tax, and financial analysis for restaurants/bars/nightclubs
I just wrote an article explaining why the real estate for your bar, restaurant, or nightclub should be structured as a single-member LLC (if you have a single owner) or LLC partnership (if you have multiple owners) for tax purposes. Check it out! #restaurants #realestate #cpatips #restaurantfinance #restaurantaccounting #restaurantcpa #bars #nightclubs #restaurant #cfo #taxes #taxplanning
Nothing makes us cringe more than seeing real estate being held in a C-corporation or S-corporation for tax purposes. If you own the real estate for your bar, restaurant, or nightclub, you have likely been advised by your lawyer or accountant to place it into a separate LLC. There are many legal and tax advantages to separating your real estate from your operational entity and placing it into an LLC. We just wrote an article explaining why the real estate for your bar, restaurant, or nightclub should be structured as a single-member LLC (if you have a single owner) or LLC partnership (if you have multiple owners) for tax purposes. The benefits of a partnership for real estate include: - Real estate rental income is not subject to self-employment tax, so there’s usually no reason to put it in an S-corp or C-corp. - Partners in a partnership are not taxed on the contribution of appreciated real estate to the partnership, regardless of their ownership percentage afterward. - Under a C-corporation, the gain on the sale of real estate will be double-taxed, and the distribution of the real estate to shareholders will trigger a taxable gain for the corporation. The shareholder will also have to recognize dividend income on the FMV of the property distributed. - A partnership can easily distribute real estate held by the partnership to the partners tax-free. - If one of the partners sells his/her interest, the buyer can receive a step-up in basis (via sec 754 election) and increased depreciation deductions. Check out the full article below! #restaurants #realestate #cpatips #restaurantfinance #restaurantaccounting #restaurantcpa #bars #nightclubs #restaurant #cfo #taxes #taxplanning https://lnkd.in/eXX8Wzs3
Red Lobster Seafood Co., LLC : “The company's bankruptcy filing and mass closings are the culmination of massive debt, a carousel of CEOs, an all-you-can-eat shrimp controversy and an overall decline in guests, according to bankruptcy filings…Recently, the debtors have faced a number of financial and operational challenges, including a difficult macroeconomic environment, a bloated and underperforming restaurant footprint, failed or ill-advised strategic initiatives, and increased competition within the restaurant industry…” #leisurepropertyESS https://lnkd.in/ekvBdR5n
