One Capital Financial Advisors

A Complete Guide to Managing Small Business Finances

One Capital Financial Advisers Chicago IL CPA Firm | One Capital Financial Advisers Sound financial management is at the heart of every business, no matter how big or small. It goes without saying even viable and potentially profitable businesses will fail.

How to file your tax returns if you are a freelancer

How to Do Freelance Taxes in 2021, According to 3 Experts Filing taxes as a new freelancer can be confusing. Here's how a CPA, a financial consultant for small businesses, and a long-time freelancer recommend approaching it.

What Is Financial Reporting and Analysis in Small Business?

One Capital Financial Advisers Chicago IL CPA Firm | One Capital Financial Advisers Getting into the habit of organizing financial reports is great. But, it doesn’t make sense to collect data and not use it. Calculate key financial ratios for small business and look at information on your reports to make decisions.

Tips for starting a small business

One Capital Financial Advisers Chicago IL CPA Firm | One Capital Financial Advisers If you’ve thought about opening your own business, you might have begun to look for advice. There are so many tips for starting a new business out there that choosing which ones to follow can get confusing.

How to eliminate personal debt

One Capital Financial Advisers Chicago IL CPA Firm | One Capital Financial Advisers This is one of the most frequently asked questions to our financial planners: “How do I get out of debt?” At one level, eliminating debt is simply about following a few steps:

Tax Tips for the Self Employed

One Capital Financial Advisers Chicago IL CPA Firm | One Capital Financial Advisers Having your own business definitely increases the amount of record-keeping you have to do for tax purposes. When you’re digging through boxes of business receipts, it’s easy to envy people who only have to enter income from a W-2 form.

Building Value to Maximize the Sale of your Business

One Capital Financial Advisers Chicago IL CPA Firm | One Capital Financial Advisers The process of selling a business has become more complex today. Buyers are more cautious and much more rigorous in their due diligence efforts due to the Great Recession. A big reason why a deal fails is that owners do not plan early enough to sell their business. There is no succession planning on...

The benefits of a cost segregation study

One Capital Financial Advisers Chicago IL CPA Firm | One Capital Financial Advisers Is your business depreciating your office building over 30 years? If so, you should consider a cost segregation study. It may allow you to accelerate depreciation deductions on certain items, thereby reducing taxes and boosting cash flow. And under current law, the potential benefits of a cost segre...

7 Personal Finance Tips For Young Professionals

One Capital Financial Advisers Chicago IL CPA Firm | One Capital Financial Advisers Young millennials have less than $1,000 in their savings account. Nearly half don’t have anything saved. Most do not have anything planned beyond their current situation. Set yourself up for success and future retirement the right way. With these personal finance tips, you can start saving for you...

Exit Business Strategy Examples For You

One Capital Financial Advisers Chicago IL CPA Firm | One Capital Financial Advisers No matter how successful your business venture may be, the time will come when you will no longer want to continue its operation, or may be forced to end due to changing economic conditions. You may become a target for a PE firm or strategic buyer. When this occurs, you’ll need a way to wind up yo...

Bonus Depreciation in 2021

One Capital Financial Advisers Chicago IL CPA Firm | One Capital Financial Advisers When you buy personal property for your business, such as a car or computer, that lasts for more than one year, you are required to deduct the cost a little at a time over several years. You are depreciating the value of the asset over time. Depending on the property involved, it can take anywhere f...

What is the M&A Process Like?

One Capital Financial Advisers Chicago IL CPA Firm | One Capital Financial Advisers Mergers and Acquisitions can be stressful and challenging as it refers to corporate restructuring. The buying and selling of a company or business sector requires hours of due diligence and lot of negotiating. Deals can takes weeks, sometime months and may never come full circle. One wrong decision....