Succession Planning for Your Family Business

This article discusses the importance of having a succession plan. According to the Dayton Daily News, about 3 out of 4 small businesses currently do not have a succession plan. Succession plans should not be a birthright, but instead, should go to the most qualified individual. Planning for successor years ahead can eliminate power struggles, allows you to thoroughly vet candidates, and allows you to come to the realization that soon you will no longer [Read More]

September 24th, 2021|

Pivot CPAs Named Among Accounting Today’s “Best Accounting Firms to Work for”

Pivot CPAs, the area’s largest locally-owned independent CPA firm, is pleased to announce that the firm was recently named as one of the 2021 “Best Accounting Firms to Work for” by Accounting Today. “This is truly one of the best recognitions that an accounting firm—or any workplace—can achieve,” said Peter Reynolds, CPA, managing partner of Pivot CPAs. “Here at Pivot, we believe that putting our people first and providing them the optimal environment in which [Read More]

September 24th, 2021|

Pivot CPAs Named to the Ponte Vedra Recorder’s “Best of the Best” List

Pivot CPAs, the area’s largest locally-owned independent CPA firm, is pleased to announce that the firm was recently named among the Ponte Vedra Recorder’s list, “Best of the Best of Ponte Vedra” for 2021. “We were thrilled when we heard that the firm was recognized again this year and floored to discover that we were named not just once but three times on this year’s list,” said Peter Reynolds, CPA, managing partner of Pivot CPAs. [Read More]

September 22nd, 2021|

Spotlight On Shaun Davis

Shaun only recently joined Pivot in December of 2020, but he’s already realized his favorite part of being on the team. “I love the work-life balance that Pivot offers,” Shaun said. “Especially the social events they put together for all of us.” Even though he hasn’t been on the team for long, Shaun already had a big problem he’s proud to have solved this year. He tells it this way in his own words. “I [Read More]

September 21st, 2021|

Affordable Marketing Ideas for Startups

This article discusses how marketing is essential for any successful business, especially startups. However, sometimes the best marketing practices can be extremely expensive with little return on investment. However, using simple tips such as getting a social cost, having a referral program, and sending emails to the right people are all inexpensive ways that your startup can gain consumer attention. It’s also important to constantly be in a creative and innovative mindset during this process. [Read More]

September 17th, 2021|

Things to Consider Before Selling Your Business

This article discusses the best methods to practice before selling your business to someone who values it as much as you do. Firstly, it is important to determine your business value. In order to successfully do that it is necessary to follow the asset method, market method, and income method. It is also important to acquire a third-party professional to determine if the sale is fair. Seeking financial and legal expertise, hiring a professional business [Read More]

September 10th, 2021|

What You Need to Know About Business Meal Deductions

This article discusses guidance on the Tax Cuts and Jobs Act pertaining to the general deduction of business entertainment expenses. Because of the guidance put out in 2020, “Taxpayers…must carefully follow the rules set out in the final regulations for substantiating business food and beverage expenses to ensure a deduction is allowed for the expenses.” However, differentiating between business entertainment and meals required more guidance. In short, proper documentation such as the amount of the [Read More]

August 27th, 2021|

Spotlight On…Kyle Vincent!

Kyle joined Pivot in 2015 and works in assurance while sitting on the IT and Recruiting Committees. Pivot has really empowered Kyle to become a big part of the company culture as well as get invested in the surrounding community. “I appreciate Pivot’s focus on work-life balance,” Kyle said. “It promotes professional and personal growth. It’s one of the reasons I’ve been able to join the Board of Beaches Habitat for Humanity.” Part of that [Read More]

August 25th, 2021|

The Many Benefits of 401(k) Profit-Sharing Plans

If you are an employer looking for an attractive employee benefit that lets you plan contributions around your revenues, consider a 401(K) profit-sharing plan. These plans allow you to make pre-tax deposits to your employees’ eligible retirement accounts after the end of each calendar year, providing the flexibility to determine exactly how much you want to contribute based on your finances and goals. The Top Five Advantages of 401(K) Profit-Sharing Plans You can pay out [Read More]

August 24th, 2021|

The Treasury Green Book of Biden Proposed Tax Changes

The U.S. Treasury has released the Biden administration’s 2022 Fiscal Year Budget, which includes a general explanation of the administration’s 2022 revenue proposals. The publication is commonly referred to as the Green Book and outlines the Biden administration’s tax proposals. Keep in mind that these are proposals and will have to be passed by Congress. The Green Book proposals include both domestic and international taxes; however, this article will only cover domestic tax issues that [Read More]

August 24th, 2021|
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