EMAIL: office@diamondcpas.com

OFFICE: 215.497.8888

PAY BILL
Succession planning – are you prepared?

Succession planning – are you prepared?

by | Dec 11, 2019 | Succession

For small business owners, planning for succession of the business is often overlooked. Whether it’s simply an oversight or being too busy to seriously consider how the business will continue upon your retirement or a more unexpected life experience, planning...
New Financial Accounting Standards

New Financial Accounting Standards

by | Aug 21, 2019 | Business Accounting

In an effort to delay the implementation date of four key accounting standards financial services experts use for certain groups, the Financial Accounting Standards Board (FASB) said it plans to propose postponing the effective dates. The new standards would change...
Structuring your business entity properly

Structuring your business entity properly

by | Jun 12, 2019 | Business Accounting

Since the passing of the Tax Cuts and Job Act in 2017 the consequences of how a business structures itself is more important than ever. Tax considerations play a key role in determining whether your business is better suited to be a C Corporation or an S Corporation...
How Can You Make Hiring Your Kids Work?

How Can You Make Hiring Your Kids Work?

by | May 15, 2018 | Business Accounting

Let’s say you operate as a sole proprietor or a partnership with husband/wife owners. Your children are old enough to be useful and you’re thinking of hiring them. Is hiring your kids a good idea?   There are pros and cons to consider. Pros One advantage is that you...

Preparing to Sell Your Business

by | Mar 18, 2018 | Business Accounting

No matter what you are selling, you always want to get the best possible price for your offering. So, you put in a little extra effort and prep work. If you are selling a car, you’ll wash, clean, and vacuum it. If you’re selling a house, you’ll put on a fresh coat of...