If you’ve been deducting client gifts, meals and entertainment the same way you have for years, it might be worth a second look. You send a holiday basket, take a prospect to a ballgame or pick up the tab...... More »
When a financial crisis occurs, the worst thing you can do is stick your head in the sand. Yet this is a common reaction for a lot of companies facing financial trouble. Don’t be an ostrich. McManamon & Co....... More »
If you’re like most small business owners, you review your finances once a year: probably around tax time, when your accountant is already combing through the numbers. It feels efficient. It feels like enough. But it’s not. A year...... More »
Every business owner has had a moment when the old plan stopped making sense. Maybe a core product line lost relevance. Maybe a competitor changed the market overnight. Or maybe you noticed customers using your service in a way...... More »
Most business owners only know two ways to finance growth: save up cash or walk into a bank. But there are other paths that aren’t talked about as much. One of them is built specifically to fund businesses that...... More »
There are a few things you don’t mess with. Texas. Big Jim. And most importantly, Uncle Sam. McManamon & Co. provides creative, innovative and proactive tax advice that keeps your company on Uncle Sam’s good side. Our tax strategies...... More »
Every so often, a tax strategy comes along that sounds almost too good to be true. The Augusta Rule is one of them. The August Rule allows homeowners to rent their personal residence to their own business for up...... More »
Discovering that someone on your team might be stealing from you is one of the more unsettling experiences a business owner can face. It’s not just a financial problem, it’s a breach of trust. And that combination tends to...... More »
Time is a precious commodity, and accounting can eat up a lot of it. Don’t waste another minute mulling over spreadsheets or writing checks – let McManamon & Co. tackle your all-important financial tasks. Outsourcing your accounting not only...... More »
Getting a small business loan isn’t just about needing money, it’s about proving you can pay it back. A lender’s job is a balance between bringing in business and managing risk. Thus, the more clearly you can demonstrate that...... More »