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Eckhoff Accounting News & Resources

Family Businesses Need Succession Plans, Too

Family Businesses Need Succession Plans, Too


Those who run family-owned businesses often underestimate the need for a succession plan. After all, they say, we’re a family business — there will always be a family member here to keep the company going and no one will stand in the way.

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Weekly Economic Update for December 3, 2018

Weekly Economic Update for December 3, 2018


December 3, 2018

COMMENTS FROM JEROME POWELL INSPIRE A RALLY

Wall Street liked what it heard from Federal Reserve chairman Jerome Powell last week. While speaking Wednesday to an audience in New York, Powell stated that interest rates “remain just below the broad range of estimates of the level that would be neutral for the economy – that is, neither speeding up nor slowing down growth.” He also noted there was “no preset policy path” for raising interest rates in the near term.

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Devote Some Time to Internal Leadership Development

Devote Some Time to Internal Leadership Development


Many factors go into the success of a company. You’ve got to offer high-quality products or services, provide outstanding customer service, and manage your inventory or supply chain. But there’s at least one other success factor that many business owners often overlook: internal leadership training and development.

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Does Prepaying Property Taxes Make Sense Anymore?

Does Prepaying Property Taxes Make Sense Anymore?


Prepaying property taxes related to the current year but due the following year has long been one of the most popular and effective year-end tax-planning strategies. But does it still make sense in 2018?

The answer, for some people, is yes — accelerating this expense will increase their itemized deductions, reducing their tax bills.

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Weekly Economic Update for November 26, 2018

Weekly Economic Update for November 26, 2018


November 26, 2018

SUDDENLY, MORE HOMES SELL

Existing home sales improved in October for the first time in seven months. The National Association of Realtors announced a 1.4% monthly increase, while also noting that the annualized sales pace was 5.1% slower than it had been 12 months earlier.

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