Nellie Akalp

Westlake Village

Mother, Wife, Business Partner, CEO of https://t.co/N26vJjjTNg, Serial Entrepreneur, Startup Expert https://t.co/PrDrTBC00W

Articles

New to Payroll? Here’s What You Need to Know

3 weeks ago | smallbiztrends.com | Nellie Akalp |Anita Campbell |Joshua Sophy

As your small business grows, so does your staff. And once you have employees on board, you are faced with the task of managing payroll. If you’re like most small business owners, it’s likely that payroll isn’t your area of expertise. After all, you’re probably more focused on the products or services you provide than the operational details of business ownership. But the fact is, as your business grows, so do your legal and regulatory obligations.
How to Steady Your Revenue, Maximize Your Business Law Practice

4 weeks ago | news.bloomberglaw.com | Nellie Akalp

Businesses benefit from predictability, and a law firm is no different. Sadly, many business law firms have become accustomed to the vicissitudes of the case flow. The firm’s revenues spikes when there are motions to file, trial proceedings to attend, and high-leverage negotiations to oversee. And when things go quiet, so goes the cash flow.
Helping Your Clients Grow this Summer: Foreign Qualification and Domestication

1 month ago | report.woodard.com | Nellie Akalp

For many people, summer is the time to kick back, relax, and enjoy quality time with family and friends. But for accounting professionals, it’salso a good time to reflect on your business goals. With the frenzy of tax season in the rear-view mirror, you may want to consider how to help your clients expand their businesses. One way to do this is to help them with foreign qualification and domestication.
How to Legally Secure Your Dream Business Name

1 month ago | entrepreneur.com | Nellie Akalp

I'm a business setup expert with thousands of clients across the U.S., and one of my least favorite parts of the job is telling a new entrepreneur that the great name she's selected for her business is legally untenable, and she needs to go back to the drawing board. Poor girl, she never saw it coming. But she should have. There are free tools available to help prevent this unfortunate occurrence.
Tax Strategy Tip: Reassess Entity Type After Filing Season

1 month ago | report.woodard.com | Nellie Akalp

If you have clients who were hit with a large tax bill, it may be time to review whether they can lower their tax obligations by changing their business entity type. As an accounting professional, advising your clients on the best business structure can help them reap substantial tax savings.
Meet our Experts

2 months ago | allbusiness.com | Nellie Akalp |Hafiz Muhammad Ali |Larry Alton |Zac Amos

Serial entrepreneur, investor, author and Fortune Hunter TV presenter, Lyndon Wood is one of the UK's most successful and dynamic entrepreneurs and a world-class mentor to mentors. With a no BS realist approach and straight talking with a quirky persona, Lyndon loves to help business and mostly for free. Giving back is what he believes in most.
How Does Entity Type Affect the Sale of a Business?

2 months ago | allbusiness.com | Nellie Akalp

Many moving parts exist when selling a business and transferring its ownership. With lots of details to wrap up before the company’s new owner can take over, the process can seem overwhelming. The steps involved in legally handing over a company to someone else can vary depending on the type of business entity, where the business is located (rules vary by state), and other factors.
How to Add the Right Equity Partners at the Right Time

2 months ago | entrepreneur.com | Nellie Akalp

Sharing the business you worked so hard to build through the addition of new equity partners can be challenging for entrepreneurs, even when the move is in the best interest of your enterprise. To have success here, you must be careful not to get in your own way. It's easy to see the risks and to feel the acute pain of ownership dilution. What's often more difficult to assess is the positive impacts new equity partners can bring. Nevertheless, be cautious.
Boost Revenue With Year-Round Accounting Services

2 months ago | report.woodard.com | Nellie Akalp

Tax preparation may be the bread and butter for accounting professionals, but after the season wraps up, many seek ways to maintain a steady income stream. Expanding your service offerings is a strategic path to scale your business and add ongoing value for clients. Just as diversification is essential in an investment portfolio, it is equally important to business growth. Relying on a single revenue stream can limit potential.
What clients expanding businesses into other states should know about SIT and SUI

2 months ago | accountingtoday.com | Nellie Akalp

It's an exciting time for business owners when they take their small businesses to the next level, expanding to other locations. While there are many moving parts when opening a new office or store in the same state, business clients have additional tasks to tackle when branching out into other states. As a trusted accounting and tax resource, you will likely be their go-to for answers when they have questions about what's involved in those efforts.