What is a Strategic Business Plan?

What is a Strategic Business Plan?

A strategic business plan is a systematic process to develop an organization’s direction. The plan also articulates the actions and objectives needed to attain the vision and outlines metrics to measure success. Strategic planning helps entrepreneurs refocus on...
What is Comprehensive Financial Planning?

What is Comprehensive Financial Planning?

Most people understand that financial planning is important, but they may not know what it entails. Comprehensive financial planning goes beyond simply putting money aside for the future. It involves evaluating your entire financial situation and developing a plan...
Did the IRS Send You an Audit Letter?

Did the IRS Send You an Audit Letter?

For most people dealing with the IRS, it is not a problem, but for many others, it is a difficult and challenging process. One of the most dreaded pieces of mail to arrive in your mailbox is a letter from the IRS informing you of an upcoming tax audit. Suddenly, your...
What is Comprehensive Financial Planning?

What is Comprehensive Financial Planning?

Comprehensive financial planning is a must-have skill for anyone who wants to achieve financial freedom. However, even the most successful people need help from time to time. That’s why having a plan for your future is so important. Financial planning is more...
What is the Failure to Pay Penalty?

What is the Failure to Pay Penalty?

The “Failure to Pay” penalty is a punitive fine levied by the Internal Revenue Service for not paying the tax that you stated you owe on your return. The penalty the IRS charges is based on a percentage of the money you owe. However, the penalty will not exceed 25...
What is IRS Representation?

What is IRS Representation?

One of the most dreaded things for a business owner is receiving an audit letter from the Internal Revenue Service (IRS). Such a letter could bring your business to a halt because of confusion, panic, and financial consequences that might follow. This is true if your...