by Layne Bodily | Feb 10, 2023 | Financial Planning, Personal Financial Insights
Estate Planning Basics This is the first installment of a three-part series on estate planning. Estate planning is not just for the super wealthy. Everyone has an estate, and everyone should have a plan for what will happen to their estate when they pass away. Estate... 
by Layne Bodily | Jan 30, 2023 | Business Planning, Business Resources, Financial Planning
This is Part 5 of a short series discussing the basics of the income statement. See part 1 for a general overview, part 2 for more info regarding revenue, part 3 for costs of goods sold and part 4 for operating expenses. So far, we’ve covered all the basics of... 
by Layne Bodily | Jan 13, 2023 | Business Planning, Business Resources, Financial Planning
This is Part 4 of a short series discussing the basics of the income statement. See part 1 for a general overview, part 2 for more info regarding revenue, and, part 3 for costs of goods sold. Operating expenses are expenses needed to run the company that does not... 
by Layne Bodily | Oct 19, 2022 | Financial Planning
Preparing Data for a Downturn As a CEO or CFO, you must leverage your company’s data to clearly understand your current economic standings. As you prepare for the inevitable ebb and flow of business, some best practices ensure that your company is protected as... 
by Layne Bodily | Sep 1, 2022 | Business Planning, Business Resources, Financial Planning
This is part 3 of a short series discussing the basics of the income statement. See part 1 for a general overview, and part 2 for more info regarding revenue. In this post, we’ll be talking about costs of goods sold. In general, costs of goods sold are going to be... 
by Team FBPCPA | Aug 5, 2022 | Business Planning, Financial Planning, Taxes
The IRS has delayed implementing the reporting changes discussed in this blog. We will update it as more information becomes available. Please see the full IRS announcement here. What is a 1099-K The 1099-K is an IRS information return used to report certain payment...