Whether you’re selling your business, purchasing another or somewhere in between, a business valuation is the first step to determining the value of a business. Preparing for a business valuation isn’t complicated, but the calculations to determine the value of a business can be.
This guide will help you prepare for a business valuation by exploring valuation options and the additional steps required to receive an accurate price. Let’s start by looking at the different evaluation methods.
Summer is finally in full swing, meaning we’re already about halfway through 2021. After a year like no other, we’re all excited to enjoy the warm weather with friends and family. If you have some time over the coming weeks, take a moment to slow down and check up on your financial wellbeing.
Here are six things you can do right away to make sure your goals are being met and your finances are in good shape before heading into the second half of 2021.
If you’ve been considering incorporating your business in Canada, it’s important that you consider the pros and cons first. You’ll also want to make sure that if you do decide to incorporate your business, you’re choosing the right time to do so. Below are several important factors regarding incorporation that could affect your future liability, tax obligations and ability to transfer your business.
When it comes to attracting top candidates and improving retention, offering certain advantages such as a 401(k) plan can be an effective move. But as a small business owner, you may have shied away from such benefits due to logistical and financial concerns.
If you’re thinking about offering a plan for your employees, get started with these three steps.
Virtually all industries have been forced to adapt to protocols determined in response to COVID-19 - but it’s safe to say none has likely been more strained and more quickly revolutionized than the healthcare industry. Naturopathic doctors have altered the way they interact with patients and manage their practice.
Even once the pandemic is over, everlasting changes in the United States healthcare system may likely remain. Here’s what we could expect to see changing in the healthcare industry in 2021 and beyond.
Medical professionals spend their lives caring for others, but that doesn’t mean their own financial well-being should be left on the back-burner. From the moment a doctor earns his or her ND to the day they hang up their white coat for good, medical professionals face unique financial hurdles, dilemmas and questions. Here are five key components every medical professional should consider when putting together their financial plan.
In the era of COVID-19, the consumer market has been anything but normal, causing many practices to scramble in response. Even as time has progressed, a survey of CFOs indicated that the financial impacts of coronavirus have consistently been a top concern.1
If your practice needs to contain costs in order to achieve financial stability - during a time of extreme instability - these four strategies can be used to help consolidate your spending and protect the longevity of your business.
Beginning in February and March 2020, America, Canada and Europe locked down cities, closed businesses and halted travel amidst the onset of COVID-19. Six months later, we’re still experiencing the pandemic’s global impact in our communities. A record number of people have applied for unemployment in America since March, and millions are still left jobless, behind on their bills or struggling to make ends meet. If you and your family have been financially hit during the COVID-19 pandemic, here are a few things you can do to help handle and overcome your financial stress.
Outside of mortgages, student loan debt is the largest form of consumer debt - sitting at $1.4 trillion from borrowers across the United States. The average per borrower is $37,172, as of 2017.1 While the severity of the student loan debt crisis is undeniable, the real issue is - how did we get here in the first place?
Over half of employees are stressed about their finances.1 As an employee, your career should be a source of financial relief and security—not worry.
Ensuring that this rings true for your employees is important to both their satisfaction and performance. There’s a reason why 53 percent of companies have started to offer financial wellness programs.2 Keep reading for a full breakdown of financial wellness programs, as well as how to implement one for your own employees.
By the end of May 2020, over 20 million Americans claimed unemployment benefits. This payment can be a great relief to many who have found themselves out of work due to COVID-19. Many companies have been forced to lay off workers, while others simply have not been able to operate as a result of health risks, including restaurant and entertainment industry workers.
However, unlike the stimulus checks that were a part of the CARES Act, unemployment benefits (state benefits plus the government’s weekly benefit payments) are federally taxable and may also be taxed by your state.2 Rather than facing an unwelcomed tax burden during the 2020 tax season, we go through three options to help you prepare for next tax season.
The COVID-19 outbreak is forcing many businesses to alter the way they work. This means many are facing the unprecedented challenge of managing a business through a global pandemic - while keeping their workforce motivated and focused.
For business owners questioning whether or not they’re doing right by their employees during these uncertain times, we’ve gathered up a list of important do’s and don’ts to managing your workforce amidst the COVID-19 pandemic.