Knoll & Company, P.C.

Running a small business can be incredibly rewarding, but it comes with its fair share of risks. Learning how to weigh risk and maximize profits is key to long-term success. 🔑 Risk management includes identifying, assessing and prioritizing all possible risks in order to minimize their impact. And for small businesses, this can mean anything from safeguarding against financial downturns to protecting business and customer data. Read more about risk management at https://lnkd.in/dEzwc-Hz.

New Podcast Episode Alert! We are excited to announce the release of a new episode of Influential Entrepreneurs featuring me...Lee Knoll, the managing partner of Knoll and Company, a next-generation CPA firm. In this episode, I dove deep into the crucial topic of business structure and uncovered some valuable insights that every entrepreneur should consider. Here are three key takeaways from our conversation:   1. Start with the Right Structure I emphasized the importance of choosing the right business structure from the get-go. Whether it's a sole proprietorship, LLC, partnership, or corporation, selecting the appropriate entity can have significant implications for your business's liability protection and tax obligations.   2. Consider Tax Optimization As your business grows and becomes more profitable, it's essential to evaluate your tax strategy. I highlighted the option of transitioning from an LLC to an S-Corp for tax purposes once your net profit reaches a certain threshold. This shift can provide tax benefits and flexibility in how you distribute earnings.   3. Regularly Review and Adjust One of the key insights that I shared was the importance of regularly reviewing your business structure. As your business evolves, you may need to make adjustments to accommodate changes such as expansion, partnerships, or preparing for a sale. It's crucial to seek professional advice and ensure your structure aligns with your current business needs.   If you want to dive deeper into the world of business structure and gain valuable insights from a seasoned CPA, make sure to listen to the full episode. You can find it on your favorite podcast platform or visit our website.   To connect with Lee Knoll and learn more about optimizing your business structure, visit Knoll and Company's website or reach out via phone at 303-238-9673.   Don't miss out on this insightful episode packed with actionable advice for entrepreneurs looking to set their businesses up for success. Tune in now and let us know your thoughts in the comments below! https://lnkd.in/dkTSKMmM  #BusinessStructure #Entrepreneurship #CPAAdvice

Will 2025 be the year that you launch your dream business? 📝 Now is a great time to get started! From brainstorming to networking and budgeting, there is a lot that goes into launching a new business venture. We've put together a few tips and outlined the process for you! Start reading: https://lnkd.in/gYhM8KzE

From bookkeeping, payroll, and taxes to retirement planning and business management, we offer a wide range of services to help entrepreneurs like you succeed! We want to hear about your financial goals for the next year. Send us a message and let's talk. Start planning today at www.knollcpa.com!

Beyond just number crunching, a reliable financial advisor helps you plan strategically for the future. They provide insights and guidance on budgeting, investments, and financial growth, enabling you to make informed decisions. Whether you are sorting out your taxes or need assistance with establishing the foundation for your business, we're here to help! 💪

As small business owners ourselves, we know just how chaotic life can get! Managing finances can be stressful, especially during busy times like back-to-school season. A dependable financial expert alleviates this stress by handling complex financial tasks, allowing you to focus on what you do best – running your business or enjoying your life. Connect with one of our tax experts at www.knollcpa.com. ✅

Client Success Story! 💪 "I've used Knoll and Co. for the past 30 years and have no intentions on using any other for my taxes!" Thank you to Mike for his kind words. If you are in the market for a new tax expert, we're here to help.

If you are feeling the pressure of the changing economics, you aren't alone. 👀 The global economy is so intricately connected that any major world event is like a boulder being thrown into a pond—its ripple effects are far-reaching, impacting our bank accounts and wallets. Rising costs of living, a turbulent economy, and a tough job market can all cause a bit of stress! We're covering all of these topics and how to deal with them in our recent blog. Read more at https://lnkd.in/gfiW64ya.

At Knoll and Co. we understand that every individual and business is unique and may have unique goals! That's why we offer personalized advice tailored to your specific needs, helping you maximize your financial potential. Ready to get started? Connect with us at www.knollcpa.com.

Enjoy the last months of summer by planning a fun team outing! ☀️ Here are our top recommendations for celebrating your team's hard work. ✔️ Host a company picnic and plan team-building games ✔️ Plan a trip to a local winery or brewery ✔️ Organize a local ice cream truck to stop by the office ✔️ Implement half-day Fridays ✔️ Schedule a volunteer day at a local organization Read more at https://lnkd.in/gPScn7ub.