Q&A Over Coffee

In this episode, we discuss the various types of entities with our very own Tax Principal, Scott Hoyles: Sole Proprietorships vs. Partnerships and S Corps vs. C Corps. These diverse and extensive entity structures are crucial to comprehend when starting a business, and Scott assists us in analyzing each one and explaining their significance.

We discuss Exit Planning with Randy Krivo, Senior M&A Advisor at True North M&A and Business Broker at Sunbelt Business Advisors. We discuss reasons for selling, initial planning steps, the Exit Plan, the LOI or Letter of Intent, Business Valuation, and other considerations to keep in mind as you begin planning your exit.

This week, we are joined by our very own Tax Director Zach Deo to discuss the Accelerated Depreciation method. We cover how it differs from a straight-line depreciation, what assets you can depreciate, benefits and trends of depreciation in different industries, tips on growing apple trees, and more!

For our very first episode of Q&A Over Coffee, we are joined by Doug Loon, President and CEO of the Minnesota Chamber of Commerce. We discuss uncertainty that is rising across many businesses in Minnesota and beyond. From post-pandemic patterns to bank failures, we talk about many ways we can overcome these uncertainties and continue to strengthen and grow our businesses.

Show notes: https://www.otcpas.com/managing-your-business-through-uncertainty-with-doug-loon/

Minnesota Chamber of Commerce: https://www.mnchamber.com/

Olsen Thielen Linktree: https://linktr.ee/olsenthielen

Welcome to the Q&A Over Coffee Podcast, your go-to source for accounting advice and insights. You’ll hear from Adam Hennen, Daniel Owens, Tom Pesch, and Val Arndt as they bring you expert tips and strategies to help you manage your finances and business practices more effectively.

Join us, starting on May 10th, for our first episode of Q&A Over Coffee and get the accounting advice you need to take your financial business practices to the next level!