The decision between an FSA and an HSA is not merely about immediate benefits but also involves long-term financial implications. Whether you’re aiming for short-term savings or long-term growth, each account type offers unique opportunities and constraints. As healthcare policies and tax regulations evolve, staying informed about these accounts can...
Understanding Business Valuation Understanding the value of your business is crucial. It’s not just about knowing your company’s worth. Accurate business valuation influences key decisions. From strategic planning to selling your business, valuation plays a pivotal role. But how do you determine the value of a business? It’s not as...
During the last decade, 401(k) plans have become the country’s most popular retirement plan. Employers recognize that a 401 (k) plan will help attract and retain employees. However, many small employers have not established a 401(k) plan because of administrative costs and difficulty in passing nondiscrimination tests that apply to...
What is Succession Planning? Succession planning is a critical process for any business. It’s a strategic approach to identifying and developing new leaders. This process ensures business continuity. It also reduces the risks associated with turnover in key positions. Family businesses and small companies often face unique challenges in succession...
Accurate bookkeeping is essential to operating a successful small business. The problems created by inadequate bookkeeping practices can have significant, long-lasting consequences. Here are four common pitfalls — and how to avoid them with the right knowledge and tools. Commingled bank accounts It’s important to maintain a separate dedicated bank...
No matter where you are in your career—fresh out of college, stepping into investing, leading a team for the first time, or well into your professional journey—understanding the basics of finance is essential. Even if you don’t work directly in finance, being able to grasp how your decisions affect the...
Navigating Financial Challenges: How a CPA Can Propel Your Business Forward As a business owner, you know how mentally and financially taxing it is to grow your venture. You have to handle multiple tasks, wear different hats, and make critical decisions that could make or break your business. With so...
Fee-Based Planning offered through W3 Wealth Advisors, LLC, a State Registered Investment Advisor. Third Party Money Management offered through Valmark Advisers, Inc., a SEC Registered Investment Advisor. Securities offered through Valmark Securities, Inc. Member FINRA, SIPC. W3 Global Accounting provides only tax and accounting. W3 Financial Group, LLC, W3 Wealth Management, W3 Wealth Advisors, LLC, and W3 Global Accounting are separate entities from Valmark Securities, Inc. and Valmark Advisers, Inc. Form CRS
Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™, and CFP® (with plaque design) in the United States, which it authorizes use of by individuals who successfully complete CFP Board’s initial and ongoing certification requirements.
