Under a SIMPLE 401(k) plan, employees can elect to make pre-tax contributions to their retirement accounts through payroll deductions, up to a certain annual limit set by the IRS. Employers are required to match employee contributions dollar for dollar, up to a certain percentage of the employee’s compensation, or to contribute a fixed percentage of each employee’s compensation, regardless of whether the employee contributes.
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5 Ways to Increase the Value of Your Business in Tampa
There are several ways to improve the value of a business. Here are five strategies that can help sellers in Tampa Bay and Clearwater improve their value: Increase revenue and profitability: One of the most effective ways to increase the value of a business is to boost its revenue and profitability. This can be achieved […]
How to sell your business in greater Tampa Bay?
HOW TO SELL YOUR TAMPA BAY BUSINESS TODAY For over 40 years Transworld Business Advisors has been the leader in selling businesses in Tampa Bay. Born in Florida and headquartered here, we are the worlds largest business brokerage and year over year deliver the best outcomes for business owners looking to sell their business. We […]
How Inflation Impacts the Sale of Your Business
From the pandemic’s supply chain issues to the current worries over rising inflation, many small businesses have been struggling to adapt to the sudden shifts of today’s economy. With inflation in June hitting 9.1%, more than the Dow Jones estimate of 8.8% for the month, more and more businesses are worrying about how exactly inflation has […]
The Benefits of Recasting
Mike Ertle of our M&A practice had a great article on Recasting and why it is so important for small business owners. BENEFITS OF ANALYZING AND RECASTING/RESTRUCTURING YOUR FINANCIAL STATEMENTS Working with another client recently I was struck once again by the importance of analyzing and recasting – and possibly even restructuring – your […]