Business Consulting

Trump Signed the Relief Act: Key Provisions for BiggsKofford Clients

December 28, 2020

Trump Signed the Relief Act: Key Provisions for BiggsKofford Clients President Trump has finally signed the coronavirus relief package that was passed by Congress last week. Here are the important things our clients are likely interested in hearing: 1. Second Stimulus Payment A second stimulus payment will be available, the details of which are as…

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PPP2 – Another COVID-19 Relief Bill on Its Way!

December 23, 2020

The House of Representatives and the U.S. Senate passed a $900 billion COVID-19 relief bill on Monday night which is expected to be signed in to law by President Trump at some point very soon. We discussed our early impressions of this news in a previous newsletter, HERE. There have been some important updates since…

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PPP TAX DEDUCTIBILITY UPDATE!

December 21, 2020

Congress announced yesterday that a new, $900 billion, COVID relief package is coming. This will include another round of Paycheck Protection Program (PPP) loans as well as a defined answer to a burning question for many, expenses paid for with forgiven PPP funds WILL be deductible! As we discussed in an earlier article, found HERE, the PPP funds were not intended to be included…

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ARE YOU READY TO SCALE UP YOUR BUSINESS? January Seminar Invite!

December 18, 2020

BiggsKofford is again sponsoring a fantastic and powerful planning workshop: Are You Ready to Scale Up Your Business? The program is Wednesday, January 13, 2021 Online/Virtual: Participate from your Computer. Many BiggsKofford clients have benefited from this program that provides an opportunity to “work on your business”. Our colleague, Chuck Kocher, local business coach and owner of The Transformation Company is hosting…

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Scaling Up Workshop Invite

November 19, 2020

Scaling Up Workshop Invite We are happy to announce that BiggsKofford is sponsoring a fantastic and powerful planning workshop: Are You Ready to Scale Up Your Business? The program is Wednesday, December 2, 2020 Online/Virtual: Participate from your Computer. Many BiggsKofford clients have benefited from this program that provides an opportunity to “work on your business”. Our colleague, Chuck Kocher, local…

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SBA Streamlines PPP Forgiveness for Loans of Less Than $50,000!

October 9, 2020

SBA Streamlines PPP Forgiveness for Loans of Less Than $50,000! A new interim final rule (IFR) provides new guidance concerning forgiveness and loan review processes for PPP loans of $50,000 or less. On Thursday, the SBA released a streamlined application, Form 3508S, designed specifically for those who borrowed less than $50,000. The forgiveness is not…

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SHARED INVITATION

June 24, 2020

Clients and Friends of BiggsKofford, I’m happy to pass along an invitation for the Scaling Up Workshop, being offered on Wednesday July 1. Many of the BiggsKofford Shareholders and clients have attended this workshop, and everyone believes it was well worth their time (and the small fee). As with most events – this will be…

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2016 Deductible Vehicle Mileage Rate Decrease

January 8, 2016

The IRS has announced the official mileage rates for 2016.   The IRS mileage rates for 2016 for the use of a vehicle are: 54 Cents per mile for business use down from 5 cents in 2015. 19 cents per mile for medical reasons or moving purposes down from 23 cents in 2015. 14 cents per…

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BiggsKofford Alliance with ADP

October 15, 2015

BiggsKofford is extremely selective when reviewing possible partnerships with other businesses. Because of this, when we find a fit, we know the quality of service and care for clients will closely match our firm values. ADP seeks and negotiates partnerships with best-of-breed organizations to bring added value to our joint clients and to increase operating…

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Doing the Deal on Your Terms

August 22, 2014

(AICPA, By Kenneth Marks; Published August 2014) For many Baby Boomers who are considering selling their companies in the coming years, a disappointing reality awaits: Their business is not  worth what they thought. Even in today’s hot merger and acquisition market, a  significant valuation gap exists between what many owners believe their  business is worth and…

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Entrepreneurial Corner|Increasing Business Value

May 13, 2014

Increasing Value in Your Company: For Continued Ownership or Eventual Sale   Our Speaker: Chris Blees, CPA, CM&AA President, Chief Executive Officer BiggsKofford, P.C. What will be discussed? Learn market valuation approaches Understand what drives value Hear how to improve value in your company   Thursday, May 22, 2014 7:30 – 9:00 a.m. BiggsKofford’s Office, 630…

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Entrepreneurial Corner|Sustainable Growth Strategies

March 28, 2014

Sustainable Growth Strategies: Understanding your Business Model Our Guest Speaker: Chuck Kocher Certified Master & Executive Business Coach ActionCOACH What will be discussed? Learn about the nine core areas of your business model See concrete examples of popular business models Use tools to develop your current and future growth strategies Understand how to leverage this tool…

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IRS Audits Target Income of $1 Million or More

February 4, 2014

The number of audits performed this year by the Internal Revenue Service continued to decline in 2013 as it did in the previous year. Although revenue for the IRS has increased by a reported 6.3 percent, annual funding and staffing have decreased tremendously. According to data released in January, the agency, which has lost $1…

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Special Invitation | Gazelle Workshop, led by Chuck Kocher

October 7, 2013

     Executive Sustainable Growth Workshop             Join us for the workshop that more than 20,000 executives and their leadership team members have successfully used for strategic planning and growth.    Last year we helped more than 1,500 businesses on six continents…and have been doing it for more than 15 years. Invest a day to:  …

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401(k) Plan Mistakes: Things You’re [Probably] Doing Wrong

September 17, 2013

Deborah Helton Director Send Email View Full Bio Kris Ponnequin Manager Send Email View Full Bio Are you a 401(k) plan fiduciary?  If you are, you have specific responsibilities and are subject to standards of conduct, because you act on behalf of the participants in the plan.   This position of trust has many embedded legal…

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Will Your Beneficiaries Beat the Odds?

July 22, 2013

(Physicians Money Digest) Two-thirds of baby boomers will inherit a total $7.6 trillion in their lifetimes, according to the Boston College Center for Retirement Research — that’s $1.7 trillion more than China’s 2012 GDP. But they’ll lose 70% of that legacy, and not because of taxes. By the end of their children’s lives — the…

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