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Should I Extend Credit To My Atlanta Customers?

Should I Extend Credit To My Atlanta Customers?

Before I get into the slippery slope I'm referring to, how are things for you these days? How's business going? I'd love to hear an update... so click the email at the top of the page and send me a note to let me know.And on that note, I’d also love to hear...

Work From Home Policy for Atlanta Businesses

Work From Home Policy for Atlanta Businesses

There’s no better way to celebrate work than by taking a day off. The irony of the Labor Day holiday gets me every year, but I do hope that it provided a little extra rest on the front end of a busy fall season.I mentioned in one of my recent notes another piece of...

Can You Benefit From An Upreit?

Can You Benefit From An Upreit?

Umbrella Partnership Real Estate Investment Trusts (UPREIT) allows property owners to exchange their property for share ownership in an UPREIT, usually  are subject to Internal Revenue Code (IRC) Section 721 exchanges and are deemed a REIT under standard accounting...

Secrets of  the Top Landowners in the United States

Secrets of the Top Landowners in the United States

There is an old saying: Invest in land because they aren’t making more of it. The Super Wealthy have taken that strategy to heart with staggering land ownership  statistics such as: John Malone 2.2 million acres The Emmerson Family 2.078 million acres Ted Turner 2...

What You Should Know Before Hiring Your Spouse

What You Should Know Before Hiring Your Spouse

Hiring your spouse can mean big tax savings but not if you don’t do it correctly. Here’s what you need to know. Compensate Your Spouse Primarily in Tax-Free Employee Benefits, Not Taxable Wages.  Cash wages are fully taxable so concentrate your spouse’s compensation...

Can I Deduct My Cleaning Man Or Woman?

Can I Deduct My Cleaning Man Or Woman?

Are you getting the most out of your home-office deduction? If you’ve got a cleaning woman (or man) who keeps your house and office spic and span,  do you need to pay a “Nanny Tax” on this service or can you classify this expense as a Independent Contractor? The...

TAX BENEFITS OF ANNUITIES

TAX BENEFITS OF ANNUITIES

Annuities offer steady income with low risk in retirement and are sold by insurance companies. An investor deposits money with the insurer who invests and returns it via a series of regular payments through one of the following: Variable annuities – allow investments...

What You Should Know Before Hiring Your Spouse

What You Should Know Before Hiring Your Spouse

Hiring your spouse can mean big tax savings but not if you don’t do it correctly. Here’s what you need to know. Compensate Your Spouse Primarily in Tax-Free Employee Benefits, Not Taxable Wages. Cash wages are fully taxable so concentrate your spouse’s compensation...

Keeping Expenses Separate in Your Atlanta Business

Keeping Expenses Separate in Your Atlanta Business

Did you see the Barbie movie or Oppenheimer this weekend? Or jump in with the 200,000 other Barbenheimers and see both?In case you didn’t, your social media feed likely filled you in on what you missed (or didn’t, depending on your view of these things).What a weekend...

Do Landlords Benefit From Inflation?

Do Landlords Benefit From Inflation?

A U.S. Bureau of Labor Statistics May 2023 report shows that home shelter, including rent, is the largest contributing factor to overall inflation increase. Over the 12-month period ending in May, shelter costs rose by 8.0%. Despite the increase in rents, renting is...

Is A Tiny House a Good Investment?

Is A Tiny House a Good Investment?

A tiny home is sized between 100 and 400 square feet (as opposed to the average American home size of 2500 square feet) and usually has large windows, high ceilings, and furniture that serves multiple purposes. Although tiny homes may be small, the decision to invest...

Cutting Costs in Your Atlanta Business Right Now

Cutting Costs in Your Atlanta Business Right Now

Though things might be tight economically for your Atlanta business, keep in mind, cutting corners can become a real issue.Take for example fake reviews that are so pervasive online. Some business owners are tempted to buy reviews to get their product or service seen...

IS IT WISE TO CANCEL YOUR DEBT?

IS IT WISE TO CANCEL YOUR DEBT?

Debt cancellation can help a beleaguered borrower survive but it also can trigger negative tax consequences. Cancellation of Debt (COD) Income Is Taxable. When a lender forgives part or all your debt, it results in “Cancellation of Debt (COD) Income. “ Although the...

Investing Habits of the Ultra Wealthy

Investing Habits of the Ultra Wealthy

Ultra-High Net Worth Individuals are those who have net worths of at least $30 million of shares in private and public companies, real estate, and personal investments. It’s easy to believe that secret investment strategies lead to such wealth but overall, the actual...

Are you a Risk Averse Real Estate Investor?

Are you a Risk Averse Real Estate Investor?

High-risk real estate speculating and investing is like walking a tightrope.  It’s not for everyone. If you are a risk-averse person and investor, here are some guidelines to keep you on a more conservative path: Avoid highly volatile real estate. Don’t be lured into...

When Your Atlanta Business Might Need a Valuation

When Your Atlanta Business Might Need a Valuation

We’re nearing June 30 (the mid-year marker), which is a very smart time to move into a different gear in examining your business’s financial situation.Because, like the good business owner that you are, I'm sure you kicked off Q1 with a bunch of exciting goals and...

A Step-by-Step Guide to Business Loans

A Step-by-Step Guide to Business Loans

Ever feel like the whole world is taking a summer vacation except you?That’s real: Small business owners can’t always afford to step away from the helm to take those long, glorious vacations you see on social media (maybe beach and Europe photos are already popping up...

How the Bank Crisis Affects Atlanta Business Owners

How the Bank Crisis Affects Atlanta Business Owners

Now, I know that I recently started talking about the new FinCEN reporting requirement and promised a part two… which I’ll absolutely get to in an upcoming blog.But this time I wanted to take the opportunity to speak about the banking “crisis” that has a lot of...

Leadership Development in Your Atlanta Business

Leadership Development in Your Atlanta Business

 Unless you’ve been living in a cave like this woman, you know that business ownership is a tough gig right now — it’s nearly an Olympic sport to keep things running and moving ahead. But, despite all that, being a business owner is also pretty great....

Making a Plan to Reskill and Upskill Your Staff

Making a Plan to Reskill and Upskill Your Staff

Well, here we are — just like that, we find ourselves already a quarter of the way through 2023. While people everywhere are breaking out the deep cleaning sprays and scrub brushes to get a little springtime sparkle, you might want to be thinking about a similar...

How a Continuous Audit Helps Your Atlanta Business

How a Continuous Audit Helps Your Atlanta Business

My quick take on SVB: Don’t let it rob you of your focus for building the business under YOUR control.In other words, let noise be noise … and focus on what’s most important: your immediate world.But I will say that this crisis is a perfect example of why you should...

My Atlanta Small Business Health Quiz (Part 2)

My Atlanta Small Business Health Quiz (Part 2)

Last week, I began asking you a series of questions about your business. Hopefully those have had some time to percolate in the business-owner-guru-strategist side of your brain. I'd like you to thoughtfully consider the new questions I'm raising today. Please do...

My Atlanta Small Business Health Quiz (Part 1)

My Atlanta Small Business Health Quiz (Part 1)

Something a little different for you today. A quiz you’ll actually find useful (unlike all those BuzzFeed ones about which vegetable are you most like). Taking a minute to examine your small business’s health this time of year will help shape how you reach for your...

Hiring a Consultant for Your Atlanta Business

Hiring a Consultant for Your Atlanta Business

Remembering and honoring Martin Luther King this week has me thinking once again about being a voice. It’s hard not to get inspired listening to the iconic words of the famous I Have a Dream speech (if you’ve never listened to the entire speech, it’s worth...

Mastering Your Atlanta Business Phone Answering

Mastering Your Atlanta Business Phone Answering

How is your year starting out? We’re into week 2 of 2023 … would love to hear back from you on what are the challenges you’re facing in your Atlanta business finances right now.Relatedly, what are your customer service goals for this year?One customer relations tool...

Accepting Crypto Payments in Your Atlanta Business

Accepting Crypto Payments in Your Atlanta Business

First of all, congratulations on making it through 2022. Pat on the back for sticking with it through the very real ups and the challenging lows. Many of our Atlanta clients went through the wringer … others had their best year yet.From a personal standpoint, I think...

7 Primary Tasks For Any Atlanta Business Team

7 Primary Tasks For Any Atlanta Business Team

I don’t know about you, but after the holidays (and I hope yours were filled with good things and happy times with loved ones), I’m always a bit tapped out on the spending. But in true governmental fashion, Uncle Sam is piling it on. Seems like Congress missed...

Perlberg’s 3 Big Tips For Entrepreneurs

Perlberg’s 3 Big Tips For Entrepreneurs

Ready for some yuletide cheer? No, I’m not just talking about my big tips for entrepreneurs. Inflation might have hit its peak this year. So say the “experts.” That particular category of people hasn’t exactly covered itself with glory of late … so, we’ll see how...

Should I Extend Credit To My Atlanta Customers?

Should I Extend Credit To My Atlanta Customers?

Let me start out by once again reminding you that we are nearing year-end (as if you really needed my reminder).And while Atlanta business owners like you are wrapping up things in 2022, you’re also at that optimal time to be thinking about what lies ahead in 2023....

Perlberg’s Guide To Getting Tasks Done

Perlberg’s Guide To Getting Tasks Done

Maybe I'm writing this today because the end-of-year crunch and getting tasks done is on our minds here at Team Mark Perlberg CPA PLLC.Really, we only have a little more than a month left before 2022 is in the rearview. And my business brain wants it all. to. slow....

The Role Of The Atlanta Business Owner

The Role Of The Atlanta Business Owner

In the fashion of this season, I'm feeling particularly grateful. For many things, but especially because… Over the past few weeks and months, I've been reminded of how important the work we do here at Mark Perlberg CPA PLLC is. Not because it’s inherently noble...

Which Bills to Pay First in Your Atlanta Business

Which Bills to Pay First in Your Atlanta Business

Holiday creep. It’s real.Here we are in early November, and it feels like Christmas decorations and other holiday chicanery have already been upon us.Atlanta retailers are buckling in for what looks to be a rough shopping season, given current economic factors… BUT...

Why Your Atlanta Business Needs Cyber Insurance

Why Your Atlanta Business Needs Cyber Insurance

In today’s online-driven world, it’s no surprise that securing sensitive information is essential. Just like you cover your Atlanta business for other possible risks (property damage, theft, injury, etc.) so should you also be thinking of how to keep your business...

The Hiring Tips Your Atlanta Business Needs

The Hiring Tips Your Atlanta Business Needs

It seems like everywhere SMBs and retailers are short-staffed (and hiring). At the same time, with high inflation plaguing the country, other businesses are in the middle of layoffs.It seems as if these two realities would meet together, and establish an economic...

All About the SSBCI for Atlanta Business Owners

All About the SSBCI for Atlanta Business Owners

Fill in the blank: It takes a village to ______.While you’re probably thinking of child-rearing right now, I’d like to suggest that it applies to your Atlanta small business as well. And particularly during inflationary times. The 2020 world made it painfully obvious...

Using KPIs in Your Atlanta Business’s Goals

Using KPIs in Your Atlanta Business’s Goals

If you've been paying attention, I've been diving pretty deep into inflation-proofing measures for your Atlanta business. I want you to have the tools to not just survive these rollercoaster times, but also to thrive.The thriving starts with taking a good look at the...

Mark Perlberg’s C Corp Pros and Cons

Mark Perlberg’s C Corp Pros and Cons

Before I dive into discussing the pros and cons of a C corp, I briefly want to touch on some other things relevant to you as a Atlanta small business owner.Recession. The threat of it hangs in the air like a midwest thunderstorm. And as you anticipate it, you...

A Cutting Expenses How-to for Atlanta Businesses

A Cutting Expenses How-to for Atlanta Businesses

As a small business owner, you’re battling on a lot of different fronts right now. You’re doing your best to keep employees happy, raise prices without driving away customers, pivot to alternative supply options as your current ones dry up, adjust for changing...

Why is Account Reconciling important?

Why is Account Reconciling important?

Time to discuss everyone’s favorite topic: BANK RECONCILIATION! Reconciling is a fundamental accounting process to maintaining accurate, compliant and complete records. in fact, we will not accept clients’ unreconciled records. Reconciliations ensures that money...

The Word on Payment Methods for Atlanta Businesses

The Word on Payment Methods for Atlanta Businesses

…payment methods!Try to come up with one thing that’s more important to your Atlanta business than taking in revenue smoothly. Yeah, I couldn’t, either.And making sure that revenue is coming in becomes almost an obsession when you’re feeling the squeeze of...

Do You Need A Tax Plan?

Do You Need A Tax Plan?

While most business owners are familiar with tax preparation services, few know what tax planning entails. Listed below are some key features of tax planning and topics to consider when determining whether a tax plan is necessary Tax Preparation Vs. Tax Planning Tax...

Succession Planning 101 for Atlanta Businesses

Succession Planning 101 for Atlanta Businesses

Whether you’re partial to the Olympics or American football, this past week has brought some great athletic entertainment to many Atlanta homes and businesses. As we speak, the U.S. has managed to grab 16 medals – 7 of them gold. Among those gold medal winners...

Saving on Office Space for Your Atlanta Business

Saving on Office Space for Your Atlanta Business

Office space can be a big part of owning your own business. It can be a pretty big expense, too… And of course, the past two years might have changed how you do business in that Atlanta office – a lot. Maybe you have more people working from home. Maybe you’ve...

Using KPI’s For Your Atlanta Business

Using KPI’s For Your Atlanta Business

Being able to reasonably forecast upcoming problems has become an essential skill for Atlanta business owners -- but too many are flying blind, or doing "bank balance accounting." Can we help you fix this? Using KPI's For Your Atlanta Business "It is common sense to...

Passing Down Your Atlanta Family Business

Passing Down Your Atlanta Family Business

If we've learned anything from 2020, it's that our best-laid plans don't always turn out. As the great philosopher Mike Tyson once said: everyone has a plan until they get punched in the face. What is your plan for exiting your Atlanta family business? You need to...