I am the Director of VCFO Services at Red Bike Advisors. At Red Bike Advisors, we believe that strategic financial advice is a value driver, not a cost center. We work with you to achieve your business goals, whether that's growi
You may have seen the news- Adam Shay CPA, PLLC has been acquired by Red Bike Advisors! Selling the business was one of the most challenging things I’ve ever done, both mentally and&n ...
Accountants play a crucial role in guiding business owners to make informed decisions. Beyond the traditional accounting services they provide, accountants act as trusted advisors and educators, empow ...
Accurate accounting and bookkeeping are essential components of a successful business. They are the foundation upon which a company's financial health is measured. Accounting involves recording an ...
Most business owners are aware of the Employee Retention Credit (ERC) - a payroll tax credit for continuing to pay employees during times of revenue drop or Covid impacts to a business in 2020 and 202 ...
Most business owners are aware of the Employee Retention Credit (ERC) - a payroll tax credit for continuing to pay employees during times of revenue drop or Covid impacts to a business in 2020 and 202 ...
Did you know that by being involved with a business that has employees, you could be held personally liable if the employment taxes are not paid? While the payment of employment taxes is au ...
What Have Been the Biggest IRS Headlines in the Last Two Years? The backlog that the pandemic caused in processing income tax returns and general correspondence to/from the IRS. That 87,000 IRS ...
The Secure Act 2.0 was recently signed into law, and it has numerous changes for retirement rules and regulations. It is a sweeping set of legislation passed by Congress to address the needs of Americ ...
This Insights was contributed by Richard Pasquantonio, CPA/CFF, CFE, CDFA (NC License Number 33577), an associate at Adam Shay CPA, PLLC. The IRS Collection Process is a series of actions the IRS t ...
This Insights article was contributed by Caroline Montgomery, CPA. A question that accountants often get is “If I’m showing that much income, where did it all go?” This question h ...
Knowing who you are doing business with has never been more important. Borrowers, investors, vendors, customers and employees all represent a degree of risk to your organization. Financial transaction ...
Recently, the IRS released final regulations on a provision of the Tax Cuts and Jobs Act, most commonly known as the 20 percent Qualifying Business Income (QBI) deduction. This deductio ...
An organization’s culture that is overly trusting of its employees, does not consider fraud risks or value integrity, or is tolerant of fraud and abuse is a breeding ground for all forms of misc ...
Prior to the passing of the Tax Cuts and Jobs Act (TCJA), meals and entertainment expenses were required to be evaluated under Code Section 274 to determine if the expense was 100-percent or 50-percen ...
A frequent question that we get upon a large capital gain event (think business exit) is “What can I do to minimize my taxes from this sale?” The answer used to be, “Not muc ...
The new tax law contains one of the most exciting provisions we have seen in recent years. There is a new Qualifying Business Income (QBI) deduction that could allow you to receive up to 20 percent ...
Our team was fortunate enough to recently take part in a lunch-and-learn Academy Leadership session with Ron Hewett at the USS North Carolina. It was an interesting afternoon spent discoverin ...
November is finally here. For many people in the film industry, that means it is time for the annual Cucalorus Festival (Nov. 8-12). However, since 2014, Cucalorus has expanded its o ...
Did you realize the US income tax code has not had a major overhaul since 1986? The GOP Tax Reform Framework has recently been released. I’ll do my best to summarize various items that have b ...
The Equifax data breach announced on September 7 has the potential to greatly increase the amount of tax identity theft. While not widespread, we definitely see cases of income tax identity t ...
Most entrepreneurs do not have enough hours in the day to get everything done. They have to prioritize what they are going to get accomplished and when. Often, it's the financial side of ...
Did you realize the U.S. income tax code has not had a major overhaul since 1986? Now that the Affordable Care Act reform effort appears to be behind us, Washington has indicated an area of f ...
This Insights was contributed by Richard Pasquantonio, CPA/CFF, CFE, CDFA (NC License Number 33577), an associate at Adam Shay CPA, PLLC. The IRS Collection Process is a series of actions the IRS t ...
All too often, entrepreneurs get stuck in the weeds of running their business and don't take the time to step back and plan what they want their business and life to look like. They just take thei ...
This Insights article was contributed by Richard Pasquantonio, CPA/CFF, CFE, CDFA (NC License Number 33577), an associate at Adam Shay CPA, PLLC. I recently had the opportunity to listen to Jane Jo ...
This Insights article was contributed by Richard Pasquantonio, CPA/CFF, CFE, CDFA (NC License Number 33577), an associate at Adam Shay CPA, PLLC. IRS examinations and appeals are par ...
While not widespread, we definitely see cases of income tax identity theft each year. The way the scam typically works is that criminals steal someone's social security number via a ...
This Insights was contributed by Richard Pasquantonio, CPA/CFF, CFE, CDFA (NC License Number 33577), an associate at Adam Shay CPA, PLLC. This article is intended to communicate a very narrow ...
This Insights was contributed by Richard Pasquantonio, CPA/CFF, CFE, CDFA (NC License Number 33577), an associate at Adam Shay CPA, PLLC. S corporation (S Corp) taxation is a popular election for m ...
As my company continues to grow in scale, and as we work with entrepreneurs doing the same, I have realized that personal stress levels can get in the way of success and overall happiness. I&rsq ...
This Insights was contributed by Richard Pasquantonio, CPA/CFF, CFE, CDFA (NC License Number 33577), an associate at Adam Shay CPA, PLLC. Many people are familiar with Bitcoin, a popular cryptocurr ...
This Insights was contributed by Richard Pasquantonio, CPA/CFF, CFE, CDFA (NC License Number 33577), an associate at Adam Shay CPA, PLLC. Occupational fraud is a complicated issue to manage. The &l ...
This Insights was contributed by Caroline Ballance, CPA (NC License Number 39017), an associate at Adam Shay CPA, PLLC. With the onset of the New Year, we have new and exciting changes for tax cred ...
As we've seen more scalable startups in the Wilmington area, we've received an increase in inquiries as to how to incentivize employees with equity ownership. There are a couple of di ...
Our most recent election cycle was brutal and challenging. We now know that Donald J. Trump will be the 45th President of the United State of America. Given that, it makes sense to look at his pote ...
The year is almost over, so you have only a few more weeks to shape your 2016 tax situation. With tax rates expected to decrease in 2017, it may be more important than ever to take advantage ...
Human beings are creatures of habit. We clearly see that in the tax side of our practice - our returning customers almost always file the same week they did the previous year. For some people that may ...
This Insights was contributed by Richard Pasquantonio, CPA/CFF, CFE, CDFA (NC License Number 33577), an associate at Adam Shay CPA, PLLC. Another tax season has come to a close. Many people asso ...
Finding the right service provider, whether it is a CPA firm, attorney or something else, is an important decision-making process. Ideally, you'll have a long relationship with that servi ...
It's one of the least favorite things for someone to receive in the mail - the infamous tax notice. Whether you're a business owner or an individual, if you live long enough, you can expect ...
Wilmington is a great area to live and work, attracting very talented individuals and companies due to the quality of place. From its early days as a major port, Wilmington has historically been an in ...
Earlier this summer, the Department of Labor updated the Fair Labor Standards Act (FLSA). The regulations regarding overtime pay for white-collar workers were last updated in 2004. The new changes tak ...
At our CPA firm we are fortunate enough to work with a variety of business owners within a variety of industries. It’s what keeps our days fun. We work with some businesses that are well establi ...
This Insights was contributed by Richard Pasquantonio, CPA/CFF, CFE, CDFA (N.C. License Number 33577), an associate at Adam Shay CPA, PLLC. It’s not uncommon for a business owner to dec ...
This Insights was contributed by Richard Pasquantonio, CPA/CFF, CFE, CDFA (N.C. License Number 33577), an associate at Adam Shay CPA, PLLC. Internal control, as defined in accounting and audi ...
On Thursday, March 31, my wife drove two hours each way and waited in a two-hour line for us to put down a reservation on the design-yet-to-be-released Tesla Model 3. It was a phenomenon experienced n ...
As a business owner, much of your personal wealth is tied up in your business. It makes sense to optimize the sale of your most valuable asset. All too often our firm comes across cases (usually on th ...
This Insights was contributed by Richard Pasquantonio, CPA/CFF, CFE, CDFA (N.C. License Number 33577), an associate at Adam Shay CPA, PLLC, and Jennifer Roden, an associate attorney with Craige & ...
This Insights was contributed by Richard Pasquantonio, CPA/CFF, CFE, CDFA (NC License Number 33577), an associate at Adam Shay CPA, PLLC, and Jennifer Roden, an associate attorney with Craige & Fo ...
If you have a child under 10, chances are you know about Great Wolf Lodge. Great Wolf Lodge has 13 locations around the country. In explaining it to people, I refer to it as as a “poor man&rsquo ...
This Insights was contributed by Richard Pasquantonio, CPA/CFF, CFE, CDFA (NC License Number 33577), an associate at Adam Shay CPA, PLLC. I have been working at Adam Shay CPA, PLLC for six mo ...
This Insights was contributed by Meridith Belcher, an associate at Adam Shay CPA, PLLC. Picture this: You are self-employed. You are meeting with your tax accountant to complete your taxes by ...
The old-school thought process in pricing products is to take your cost and add to it some sort of markup to cover the product, overhead and profit to determine the final price of your product or serv ...
The old adage is, "If you're not growing, you're dying." That may be a little extreme but it does have some ounces of truth to it. As a leader of a growing business, I know there are ...
This Insights was contributed by Meridith Belcher, an associate at Adam Shay CPA, PLLC. We are fortunate enough to have a growing business and client base, and enjoyable day-to-day lives. It ...
This Insights was contributed by Richard Pasquantonio, CPA/CFF, CFE, CDFA (N.C. License Number 33577), an associate at Adam Shay CPA, PLLC. While exhibiting at the 2015 N.C. Bar Association ...
Many members of our community have worked hard over the past few years to build the Wilmington entrepreneurial ecosystem. The UNCW Center for Innovation and Entrepreneurship, tekMountain, Cucalorus CO ...
This Insights was contributed by Richard Pasquantonio, CPA/CFF, CFE, CDFA (N.C. License Number 33577), an associate at Adam Shay CPA, PLLC. Since the dawn of civilization, men and women ...
This Insights was contributed by Lauren McKenzie, CPA (N.C. License Number 36563), an associate at Adam Shay CPA, PLLC. In today’s world there are plenty of stress-inducing burdens faci ...
This Insights was contributed by Richard Pasquantonio, CPA/CFF, CFE, CDFA (NC License Number 33577), an associate at Adam Shay CPA, PLLC. We have all heard the phrase “Let the buy ...
Like every November for the past 20 years, the Cucalorus Film Festival will take place in Wilmington. However, this year there is a new twist for the business community with the launch of Cucalorus Co ...
Entrepreneurship is building a high growth, scalable business. It's different than general business ownership, which can be a lifestyle business, earning a living or the like. Entrepreneurship inv ...
This Insights was contributed by Richard Pasquantonio, CPA/CFF, CFE, CDFA (NC License Number 33577), an associate at Adam Shay CPA, PLLC. If you are considering civil litigation as a means of ...
I am a huge University of Virginia (UVA) basketball fan and can't wait for basketball season to start (let's skip football season). I remember when UVA hired Tony Bennett in 2009 and many fans ...
I was recently listening to The Soul of Enterprise podcast during one of my morning runs and one of the hosts (a consultant) said: "Problem solving requires valid data." That statement is so ...
Some businesses try to make a go of it by living (and often dying) through discounting. It can be a way to build up a quick initial customer base. Unfortunately, businesses will often attract the most ...
While the term “virtual CFO” may be overused to a certain extent, it's frequently referenced because it is an important role in today's business environment. Many small and medium- ...
You may find it amusing that an accountant is writing to tell you that business is about more than numbers, but I truly believe that to be the case. Entrepreneurs who are driven solely by quests for w ...
Key Performance Indicators or Key Predictive Indicators (both KPIs) are a great way to drive the performance of your business. While they are more commonly used for businesses, they can also be used t ...
Many people have the view that you only see your CPA once a year – at tax time. However, with that approach people are typically leaving money on the table. While keeping clients in compliance i ...
Starting and running a business can be tough because of the financial strain, hours and various associated stresses. However, it can also be very rewarding. One of the biggest challenges entrepreneurs ...
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The 2024 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.
