Blog

IRS Announces Tax Relief for Victims in N.C.

02.10.24 04:02 PM By MARK HERRMANN - Comment(s)
IRS Announces Tax Relief for Victims in N.C.
The Internal Revenue Service announced today tax relief for individuals and businesses in North Carolina that were affected by severe storms and flooding. These taxpayers now have until Feb. 3, 2025, to file various federal individual and business tax returns and make tax payments.

The Immediate Benefits of Long-Term Planning

09.09.24 04:43 PM By MARK HERRMANN - Comment(s)
The Immediate Benefits of Long-Term Planning
When business owners think about planning for a successful future, they sometimes believe that it will take years to reap what they sow. This can make it tempting to push such planning off to an indeterminate future date.

BizBuySell Market Insights

05.08.24 05:29 PM By MARK HERRMANN - Comment(s)
BizBuySell Market Insights
Small business acquisitions reached a familiar milestone in the second quarter after growing 5% over the past year and 3% from last quarter, according to BizBuySell's Insight Data, which tracks and analyzes U.S. business-for-sale transaction and sentiment from business owners, buyers, and brokers.

Due Diligence: What To Expect As A Seller

02.08.24 06:07 PM By MARK HERRMANN - Comment(s)
Due Diligence: What To Expect As A Seller
For most, the sale of a business is a new experience that requires sellers to learn many entirely foreign processes in a very short amount of time. The many steps to selling your business can be long and tedious, and chief amongst those steps in terms of length and tedium is due diligence.

SBA's Streamlined Process Fuels Record Small Business Applications

27.06.24 03:35 PM By MARK HERRMANN - Comment(s)
SBA's Streamlined Process Fuels Record Small Business Applications
For entrepreneurs looking to buy a small business, there are several ways to finance a business acquisition. Traditional bank loans, seller financing, and other funding sources offer a range of possibilities for structuring the deal.