MKS&H Articles

Can your 2 year old Teach you Workplace Accountability?

[fa icon="calendar'] Mar 28, 2016 4:00:21 PM / by admin posted in Advisory, accountability, Culture, business, Entrepreneur, Employees

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As children, our parents used many schemes to get us to do what they wanted us to do. Remember the old adage, this is going to hurt me more than it hurts you? I’m not referring to physical punishment, but more the battle of wills. If you’ve ever disciplined a two-year old, you know exactly what I mean. It is virtually impossible for an adult to get what they want by going toe to toe with a 2 year old. Instead, it takes a mature brain, finesse, and a whole lot of patience. It also takes discipline, but in this article I’m not talking about the discipline of the child.

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Starting a New Business can be a Daunting Experience

[fa icon="calendar'] Jan 5, 2016 9:17:25 AM / by admin posted in Advisory, business, Entrepreneur

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About a month ago my wife and I packed up our children and our belongings, and headed to Maryland for a new chapter in my professional life. As I took the journey to being the “new guy”, many things ran through my head. Will I be able to perform above and beyond what’s expected of me? Will we be able to find a home that we can afford? What if things don’t work out, then what? These were just some of my concerns, as I worked through my fear of the unknown.

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Increase your Chance of Business Growth with a Cash Flow Analysis

[fa icon="calendar'] Dec 22, 2015 10:18:27 AM / by admin posted in Audit and Accounting, financial statements, Cash flow, accounting, growth strategies, business, Entrepreneur

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If you want your business to grow and remain competitive, a solid financial plan and a well-conceived strategy can mean the difference between boom and bust.

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Handling Interest on Loans to Inject Capital in your Business

[fa icon="calendar'] Nov 23, 2015 2:53:37 PM / by admin posted in tax deductions, tax deduction, accounting, business, tax, Entrepreneur, Strategy, capital, Tax Savings

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There are instances when you can write off interest on personal loans used for business purposes, such as injecting capital into an S corporation, multi-member LLC, partnership or C corporation. But keep in mind that interest expenses must be classified into one of four categories (see box at the bottom of this article for details).

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The Outside Factors of Choosing a Provider for your IT Needs

[fa icon="calendar'] Nov 19, 2015 2:39:41 PM / by admin posted in Operations, Information Technology, IT, business, Entrepreneur, Managed Service Provider

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A company using a technology MSP (Managed Service Provider) can run into all different problems working with an IT provider for many reasons. Besides the general technology and service, what supplementary areas should you focus on when choosing an MSP so you don’t find yourself in this situation?

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Top 5 Succession Tips for your Business

[fa icon="calendar'] Nov 16, 2015 12:46:56 PM / by admin posted in Organizational Alignment, Audit, Audit and Accounting, succession planning, strategic planning, accounting, succession, business, Entrepreneur, Strategy

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Did you know that more than half of the small business owners in the United States are at least 50 years old or older? In the U.S. alone there are 28 million small businesses (fewer than 500 employees) and over 22 million self-employed business. According to CNBC surveys, it is believed that 80% of small-business owners plan to sell their business to fund their retirements, however only 30% percent have a written succession plan. At MKS&H, we work with our clients to be prepared, so here are our top 5 successful succession tips that will benefit small-business owners:

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Is Choosing an Accountant like Choosing a Presidential Candidate?

[fa icon="calendar'] Nov 4, 2015 12:21:19 PM / by admin posted in Audit and Accounting, accounting, business, tax, Entrepreneur, Strategy

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So you’re in the market for a new accountant? Well it’s time to think about the issues important to you and see how the candidates stack up. Choosing the right accountant is important. Besides operational needs, often times they become a trusted advisor you look to during critical times. Consider these five qualities as a basis for your decision.

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Can you Handle Unbridled Innovation?

[fa icon="calendar'] Oct 30, 2015 9:34:13 AM / by admin posted in innovation, Advisory, Operations, growth strategies, Culture, business, Entrepreneur, Strategy, Employees

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The term innovation can sometimes bring forth a sense of dread as it usually leads to change, and change can be scary. Who knows what the future holds when you change things up from your normal routine? But change is an important piece of growth for your company, and innovation is the match to light that fire.

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Defending the Status of Independent Contractors

[fa icon="calendar'] Oct 22, 2015 9:37:52 AM / by admin posted in tax deduction, accounting, business, tax, Entrepreneur, independent contractor, Tax Savings

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Many companies use independent contractors to slash payroll taxes and the high cost of fringe benefits. But using outside workers can result in other problems. It's no secret that Uncle Sam wages battle with businesses over freelancers. And the situation is getting worse.

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Ways to Assess Yourself and Grow as a Leader

[fa icon="calendar'] Sep 30, 2015 2:41:03 PM / by admin posted in Advisory, leadership, Culture, business, Entrepreneur, Strategy

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Effective leadership is also self-aware leadership. If you've held leadership positions during your career, you know there are times when your approach resonates with those following you and times when they don't. Or do you? The ability to self-assess will help you see when your leadership resonates with others and when it doesn't. Here are a few things to consider in your quest to become a more effective leader:

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