GRANTHAMPOOLE NEWS & UPDATES
April 15 Income Tax Payment Deadline Extended For Affected Taxpayers
The IRS issued Notice 2020-17 on Wednesday, extending the April 15 income tax payment deadline for many to July 15, 2020. The tax return filing deadline was not extended by this notice. Details may be found in the link below: ...
read moreTime to Revisit Singley v. Singley: Goodwill in Business Valuations for Divorce
In 2002, the Supreme Court of Mississippi ruled on Singley v. Singley. Singley established the treatment of goodwill in business valuations attendant with divorce cases. Under Singley and subsequent rulings, goodwill is excluded from the fair...
read moreSecretary of State Warns Mississippians of a “Certificate of Existence” Scam
The Mississippi Secretary of State’s Office has issued a press release warning Mississippians of a scam involving a $90.50 fee for requesting business document such as a Certificate of Existence. For more information, please visit the link below:...
read moreThe 6 Most Costly Mistakes Made by Business Owners: Doing It All Yourself
The final most costly mistake made by business owners is wearing too many hats. In the early going, you may be tempted to try to handle all aspects of your business yourself, but it’s critical to have a support team to help you move the...
read moreThe 6 Most Costly Mistakes Made by Business Owners: Failure to Conduct the Necessary Market Research
Most successful entrepreneurs know their industry intimately and have expertise in their product or services. They’ve taken the trouble of accurately pricing these goods and services as well as made sure they’re not impinging on other business’...
read moreThe 6 Most Costly Mistakes Made by Business Owners: Ignoring Intellectual Property
Most likely, after reading our first three articles in this series, you’ve recognized that it’s best to proactively avoid costly mistakes when starting a business rather than retroactively correcting them. This next pitfall is no exception. Perhaps equally...
read moreThe 6 Most Costly Mistakes Made by Business Owners: Failure to Assemble the Right Team
In our two previous articles on the costly mistakes business owners with the best intentions sometimes make, we discussed selecting the appropriate entity type and establishing proper pricing of goods and services. Of equal importance is the careful...
read moreThe 6 Most Costly Mistakes Made by Business Owners: Underpricing Your Product
In our last installment, we discussed the crucial nature of selecting the right entity type for a new or growing business. This week, we’re going to cover another dangerous pitfall for business owners: underpricing their goods or services. For...
read moreThe 6 Most Costly Mistakes Made by Business Owners: Choosing the Wrong Entity Type
Running a business is hard. Anyone that has ever run a small business knows that there are a multitude of mistakes to be made and each one offers its own series of lessons about how to do things better the next time. However, it’s good to...
read moreFraud Is Still Alive and Kicking
A number of years have passed since the headlines were filled with stories of Enron, WorldCom, and Bernie Madoff. While the media has moved on from these sensational stories, fraud continues to be perpetrated with astounding frequency. ...
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