William Rogers Company Blog

With an employee stock ownership plan (ESOP), employee participants take part ownership of the business through a retirement savings arrangement. Meanwhile, the business and its existing owner(s) can benefit from some potential tax breaks, an extra-motivated workforce and potentially a smoother path for succession planning. How ESOPs workTo implement an ESOP, you establish a trust… Continue reading ESOPs offer businesses tax and other benefits

From the time a business opens its doors, the owner is told “cash is king.” It may seem to follow that having a very large amount of cash could never be a bad thing. But, the truth is, a company that’s hoarding excessive cash may be doing itself more harm than good. Liquidity overload What’s… Continue reading Does your business have too much cash?

  Many entrepreneurs ask us why update business accounting software so often? Well, when you buy accounting software, even if the installation goes well, you will eventually grow frustrated when you don’t get the return on investment you’d expected. There’s a simple reason for this: Stuff changes. Technological improvements are occurring at a breakneck speed. So yesterday’s cutting-edge… Continue reading Why Update Business Accounting Software?

  Adequate insurance coverage is, in many cases, a legal requirement for a business. Even if it’s not for your company, proper coverage remains a risk management imperative. But that doesn’t mean you have to take high insurance costs sitting down. If you are wondering how to decrease your business insurance costs, there are a… Continue reading How to Decrease Your Business Insurance Costs

  When it comes time to transition your role as business owner to someone else, you’ll face many changes. One of them is becoming a mentor. As such, you’ll have to communicate clearly, show some patience and have a clear conception of what you want to accomplish before stepping down. Here are some tips on… Continue reading Business Owners: Put Your Successor in a Position to Succeed

Hello everyone, I will be speaking this coming Monday, Tuesday, and Wednesday in Las Vegas at the Gold Coast Hotel and Casino. June 5 – Business Across Borders: Fundamentals of Multistate and Multinational Taxation 8am to 11:40am MST June 6 – Taxation of the Gig / Sharing Economy 1:10pm to 2:50pm MST June 7 –… Continue reading I Will Be Speaking this Coming June 5-7 in Las Vegas

  In today’s competitive environment, offering employees an equity interest in your business can be a powerful tool for attracting, retaining and motivating quality talent. But what are the tax implications of making an employee into a partner? If your business is organized as a partnership, however, there are some tax traps you should watch out… Continue reading What Are the Tax Implications of Making an Employee into a Partner?

  Every company has at least one owner. And, in many cases, there exists leadership down through the organizational chart. But not every business has strong governance. In a nutshell, governance is the set of rules, practices and processes by which a company is directed and controlled. Strengthening it can help ensure productivity, reduce legal… Continue reading Could Stronger Governance Benefit Your Business?

  It can be difficult in the current job market for students and recent graduates to find summer or full-time jobs. If you’re a business owner with children in this situation, you may be able to provide them with valuable experience and income while generating tax savings for both your business and your family overall.

  Concentration risks are a threat to your supply chain. These occur when a company relies on a customer or supplier for 10% or more of its revenue or materials, or on several customers or suppliers located in the same geographic region. If a key customer or supplier experiences turmoil, the repercussions travel up or… Continue reading How to Find Bottleneck Risks in Your Supply Chain