How to Value a Small Business
Valuing a small business can be a complex process that involves evaluating the business’s financial performance, assets, liabilities, and potential for growth. Here are some steps you can take to help value a small business: 1. Determine the business’s net income: This involves calculating the business’s total revenue and subtracting its expenses to determine its […]
Selling your IT or MSP Company
Selling an IT or managed service provider (MSP) company can be a complex process that requires careful planning and execution. Here are some steps to help you sell your company: 1. Determine the value of your company: Before you start the selling process, you need to determine the value of your company. This can be […]
Benefits of a Business Broker
A business broker can provide several benefits to both buyers and sellers of businesses, including: 1. Expertise and experience: A business broker has experience and knowledge of the market and can guide the buyer or seller through the process of buying or selling a business. They can also provide valuable advice on the best practices […]
What’s your Company Worth?
A business valuation is used to determine the current market value of your business. While it is often used to determine the sale price, savvy business owners often have it done 1-4 years before the sale of the business and use it as a planning tool to increase the future value of the business. The […]
Tax and Audit-Ready Financials
As we approach the end of 2022 it is time to think about your year-end financials. Are they reliable and up to date? Can you count on them for data-driven decisions? Up-to-date financials will help you reduce your tax burden by having your information at your fingertips and reduce the cost of working with your […]
Cybersecurity Awareness Month
October is Cybersecurity awareness month. It is a time for all of us to think about online safety for the protection of our families, friends, co-workers and especially the elderly who are targeted by cybercriminals in a higher number than the general population. We at Matchbooks wish you all a safe and happy online experience […]
Corporate Bankruptcy: A Guide for Directors and Officers
If the firm is heading toward insolvency, consider discussing alternatives to bankruptcy with your outside counsel. These include: Corporate dissolution Out of court restructuring A merger/acquisition Liquidation Recapitalization Assignment of benefits When bankruptcy is the only option, consider if a chapter 11, which would allow the company to continue and keep many of the employees […]
Good Bookkeeping is Important
Picture yourself flying a small private plane in the middle of a storm. You can’t see where you are going, but you are making critical decisions about your life, the life of your passengers, and the plane’s health. It is like running a business without a professional bookkeeper, controller, and accounting software. You are risking […]
Non-Profit Board Director: Key to Strong Community
Volunteering is a beautiful way of improving your life and strengthening the community you reside in. It brings joy and happiness, new skills, and leadership qualities for you and the people around you. Nonprofit Directors report they feel healthier and happier, have less stress and have a deeper connection with the community. You will […]
The IRS recently posted the dirty dozen of scams.
These scams target HR and accounting professionals, consumers and charities to name a few. The old adage if it sounds to good to be true it probably is. If you have questions about a potential tax avoidance strategy or the legitimacy of a charity, work with your tax professional, bookeeper and lawyer to evaluate an […]