SOAR Archives - BeachFleischman CPAs

Five Critical Elements of a Successful Exit Plan

July 31, 2018 SOAR SOAR business owners, exit planning, exit strategy, strategic planning

Target Departure Date You simply cannot create a roadmap for your successful exit without a stated departure date. We suggest that you set that date by asking yourself questions designed to help you establish a time frame for your departure. You can design your own departure in terms of when it occurs and how your[…]

Death and Taxes vs. Preserving Wealth – The Final Exit Planning Contest

August 4, 2017 SOAR SOAR exit planning, families, financial planning, tax planning, wealth

Full disclosure: Wealth preservation planning can’t help any of us cheat death, but it can help business owners to avoid taxes and achieve financial security. Read on. The ideal Exit Plan (one that provides the business exit you desire) includes a strategy to help you preserve your hard-earned wealth from unnecessary taxation when it is[…]

What To Expect From A Buyer

July 6, 2017 SOAR SOAR business deals, business owners

Assume that all business owners (except for those forced to liquidate) will eventually sell or transfer their companies, we often focus on what it takes to be a well-prepared seller. Setting exit objectives, planning to minimize the income taxes on the ownership transfer, building business value and selecting a skilled Team of Advisors are some[…]

Preparing for Arizona’s New Mandatory Sick Leave Under Prop 206

February 21, 2017 June 26, 2017 HR Consulting Team Human Resources, SOAR arizona, compliance, minimum wage, prop 206, sick leave

On November 8, 2016, Proposition 206: The Fair Wages and Healthy Families Act passed, receiving nearly 60% of votes. There are two parts to Prop 206; the first is a minimum wage increase, and the second is mandatory employer-provided sick leave. Minimum Wage Increase On January 1, Arizona’s minimum wage increased to $10.00 an hour,[…]

Smart Strategies to Handle the “Downfall” Problem 1 in 4 New Businesses Experience

June 23, 2016 June 22, 2016 Joy Cervantes Entrepreneurs, SOAR cash flow, small business, strategy

One of the most (if not the most) important indicators of business health is its cash flow. Even if your business is profitable and growing, if you don’t have a consistent stream of cash coming in, you’ll run into financial trouble. Lack of cash flow is the primary reason that more than one quarter of[…]

5 Actions to Take Now to Prepare for ACA Reporting

November 25, 2015 Karen Mattull SOAR Affordable Care Act, reporting requirements

Here’s a great article from Employee Benefit Adviser with tips on ACA reporting.

Today is National Eating Healthy Day

November 4, 2015 Karen Mattull SOAR

Take part in the American Heart Association’s National Eating Healthy day! Today, you are encouraged to commit to healthier eating. An easy way to start is by getting your daily recommended servings of fruits & veggies.

Plan ahead for new DOL overtime regulations

September 9, 2015 Karen Mattull SOAR Department of Labor, DOL Overtime Regulations, Fair Labor Standards Act

Under a proposed new rule, roughly 25% of all exempt employees in the country could be rendered nonexempt and eligible for overtime pay. Employers need to start preparing for these changes now. Employee Benefit News has the latest…

Performance Reviews: Tips for Giving Feedback

August 3, 2015 July 31, 2015 Karen Mattull SOAR career development, employee, evaluation, performance review

Conducting performance evaluations is an integral part of a staff member’s professional development and helps to define a company’s culture of communication and learning. When preparing to provide performance evaluations, it’s important to have a plan that ensures evaluations are provided in a respectful manner that allows staff members to learn which parts of their[…]