Douglas N Rice CPA,PA

Family businesses often start out small, with casual operational approaches. However, informal (or nonexistent) policies and procedures can become problematic as such companies grow. If you’re ready to take your company to the next level, take aim at these four areas: 1) Performance management; write job descriptions, provide training and implement an equitable employee performance management system. 2) Business processes; document and enhance every process to reduce manual effort and redundancies. 3) Strategic planning; build a leadership team, hold regular meetings and share goals with staff. 4) Information technology; work on integrating your systems and fortifying cybersecurity. Contact us. 305-860-9910

The Inflation Reduction Act created several tax credits to promote clean energy. You may want to take advantage of them before it’s too late. President-Elect Donald Trump has pledged to “terminate” the law so it may be repealed in 2025. For example, there’s an Energy Efficient Home Improvement Credit. It covers 30% of the cost of eligible improvements, such as installing energy-efficient windows, doors, and insulation, up to $1,200 a year. There’s also a credit of up to $2,000 for qualified heat pumps, water heaters and biomass stoves or boilers. And there’s a credit for 30% of the cost of installing solar panels. Contact us before making a large purchase to check if it’s eligible. 305-860-9910