What is the Best Way to Distribute Partnership Income?

What is the Best Way to Distribute Partnership Income?

  Have A Plan As a partnership member, your compensation comes in distributions and guaranteed payments. A distribution is a payment based on a particular percentage of profit each partner receives as outlined in a partnership agreement. The distribution is not...
Is your CPA right for your Business?

Is your CPA right for your Business?

There are several key indicators that you can reference to verify if the CPA you’ve chosen is the best fit for your business. Take a look at insightful questions to ask yourself to get started on your evaluation! When was the last time you heard from your CPA? A CPA...
Accounting Services for Subway & Dunkin’ Donuts Owner Operators

Accounting Services for Subway & Dunkin’ Donuts Owner Operators

Owning a franchise business can be a very rewarding experience. One of the reasons this type of business is so appealing is it eliminates many of the uncertainties that go along with starting a business from scratch. While there are a lot of good things the can be...
Mistakes to Avoid When Hiring An Accounting Firm

Mistakes to Avoid When Hiring An Accounting Firm

Accounting plays a key role in the financial health of any business. Regardless of the size of a specific business, good accounting practices can ensure that there’s always an accurate picture of how the business is doing. While new business owners often start by...