CPA Blog

Inbound vs. outbound: Balancing your company’s sales strategies

Details

Published: Wednesday, 21 December 2022 11:07

Written by Phillip Strickler, CPA.CITP

It might sound like the lingo of air traffic controllers — inbound vs. outbound. But businesses of all types must grapple with these concepts and their associated challenges when developing sales strategies.

Inbound sales originate when someone contacts your company to inquire about buying a product or service, whereas outbound sales arise from members of your sales team reaching out to customers and prospects.

Like many businesses, yours may not have the luxury of choosing one approach over the other. You probably have to find the right balance.

Read more ...

Save for retirement by getting the most out of your 401(k) plan

Details

Published: Tuesday, 20 December 2022 11:17

Written by Phillip Strickler, CPA.CITP

Socking away money in a tax-advantaged retirement plan can help you reduce taxes and help secure a comfortable retirement. If your employer offers a 401(k) or Roth 401(k), contributing to the plan is a smart way to build a substantial nest egg.

If you’re not already contributing the maximum allowed, consider increasing your contribution. Because of tax-deferred compounding (tax-free in the case of Roth accounts), boosting contributions can have a major impact on the amount of money you’ll have in retirement.

Read more ...

Timing is everything when it comes to accounting software upgrades

Details

Published: Wednesday, 14 December 2022 11:23

Written by Phillip Strickler, CPA.CITP

“Well, it still works, and everyone knows how to use it, but….”

Do these words sound familiar? Many businesses stick with their accounting software far too long for these very reasons. What’s important to find out and consider is everything that comes after the word “but.”

Read more ...

Do you qualify for the QBI deduction? And can you do anything by year-end to help qualify? If you own a business, you may wonder if you’re e

Details

Published: Monday, 12 December 2022 11:32

Written by Phillip Strickler, CPA.CITP

If you own a business, you may wonder if you’re eligible to take the qualified business income (QBI) deduction. Sometimes this is referred to as the pass-through deduction or the Section 199A deduction.

The QBI deduction is:

Read more ...