Blog
Should I invest in residential rental properties?
My perspective when answering such a question always begins with the taxation of an activity (obviously, right?). So, let’s look at a case I recently studied. A client calls me: “Hey, my neighbor in Florida let me know she’s going to sell her condo and wanted to give...
Jeffrey Smith’s Tips for Creating a Business Disaster Plan
The past year and a half has been stressful for everybody in St. Louis. And I would argue it’s been doubly so for St. Louis business owners.The thing is though, these things happen. Quite regularly. Maybe not global pandemics, but disasters in general.So, as the...
Things To Consider Before Selling Your St. Louis Business
You’ve put in the years, labored long days, sweat the bad times, and high-fived in the good as your business grew. Now, it looks like it’s time to step away into the next life stage, slay the next dragon. It’s time to sell. (You think.)Whether you’re headed to another...
Disaster Recovery Planning Your St. Louis Small Business Probably Needs
The phone rings in the middle of the night and a voice says your office is on fire. Early on a long weekend, that old pipe in the back finally bursts and no one will see the water for days. Or suddenly the Weather Channel’s saying a hurricane is barreling in your...
Using KPI’s For Your St. Louis Business
Being able to reasonably forecast upcoming problems has become an essential skill for St. Louis business owners -- but too many are flying blind, or doing "bank balance accounting". Can I help you fix this? Using KPI's For Your St. Louis Business "It is common sense...
What To Try When Your St. Louis Business’ Receivables Are Slowing Down
One of my favorite things about what I get to do around here is helping my St. Louis clients find "missing money" in their businesses. Whether it's through cost reductions, profit analysis, tax planning (LOTS of money can be saved there), or other means, what I am...
Use These Financial Reports For Business Decisions By Jeffrey Smith, CPA
How do you make financial decisions for your St. Louis business? Do you set aside time to review your actual financial reports, or are you committing "bank balance bookkeeping"? You know what I mean: checking your business bank account daily as a measurement of your...
Struggling St. Louis Businesses Should Be Careful With Price Reductions
If you're struggling in your St. Louis business, and not getting the traction you need, I have a quick thought for you today. Struggling St. Louis Businesses Should Be Careful With Price Reductions “Despite your best efforts, not everyone wants to be helped. Make a...
Measuring Key Numbers In Your St. Louis Business And Developing Accountability
During the first Super Bowl that Tom Brady won (with the Patriots), these were some of the companies who advertised (hat tip to Jon Erlichman of Bloomberg): AOL Blockbuster Radio Shack Circuit City CompUSA Sears HotJobs Yahoo VoiceStream Wireless Gateway Computers The...