David Knecht

Recent Posts

Business Tax Diagnostic

Posted by David Knecht on November 11, 2020

With all of the changes in tax laws, and with more to come, do you know if you are taking advantage of all possible savings?

Whether you do your own taxes or have had the same accountant for the past 10, 20 or 30 years, it can be beneficial to have someone else take a look at your tax situation and make sure that you are not losing out on deductions that are allowed to you.

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Tags: Tax, tax savings, business tax, business tax savings

Simpler PPP Forgiveness for Loans of $50,000 or Less

Posted by David Knecht on October 16, 2020

The U.S. Small Business Administration (SBA) has released a new, simpler loan forgiveness application for the Paycheck Protection Program (PPP) loans of $50,000 or less.  The new form streamlines the PPP forgiveness process by providing financial and administrative relief to America's smaller businesses.

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Tags: Tax, coronavirus

PPP Loan Forgiveness Webinar

Posted by David Knecht on May 27, 2020

Presented by Rex Ours, CPA and David Knecht, CPA, CVA, MAcc

You have your PPP loan, the clock has started, now what? The next step is to spend it during your eight week window in a way that maximizes loan forgiveness. How do you do that? Watch and see below.

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Tags: Tax, coronavirus

Coronavirus Rapid Response Checklist

Posted by David Knecht on May 04, 2020

The Boston Consulting Group (BCG) has recently made available their Rapid Response Checklist to help navigate through this Coronavirus crisis.  This checklist provides numerous timely suggestions for dealing effectively with this crisis.  BCG lists out a number of suggestions and issues to consider.  Reviewing this checklist might help to be sure you have not overlooked critical components needed to successfully traverse this rocky terrain which will likely continue for a while. 

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Tags: MKW News, Accounting, Updates, Forecasting, coronavirus, financial crisis

Take Control of Your Business Finances

Posted by David Knecht on February 16, 2015

You most likely started your business because you are really good at something or knew how do something better. Maybe it was product design, marketing, manufacturing, etc. More often than not though, finance is not your strong suit. For many business owners, business finance is an area where they lack clarity and direction; it is even a source of stress and fear.

It Does Not Have to be That Way.

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Tags: Entrepreneurship, Accounting

4 Insights on Business Valuation

Posted by David Knecht on December 03, 2014

In November, we held our last Financial Coaching to Survive and Thrive training session of the year. We had great sessions in Glendale and Irvine and thoroughly enjoyed the additional information from our guest business brokers. 

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Tags: Entrepreneurship

Return on Investment for Business Owners

Posted by David Knecht on October 21, 2014

Session five of our Financial Coaching to Survive and Thrive series took place in Glendale and Irvine last week. In our group of business owners, we discussed Return on Investment (ROI) and the Altman Z Score 

For those of you who couldn’t make it to either session, here is a quick recap on ROI. 

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Tags: Entrepreneurship

7 Areas to Jump Start Your Strategic Plan

Posted by David Knecht on July 07, 2014

A business plan can be an invaluable management tool, if it is well prepared, reviewed, and updated on a regular basis.

It can serve as a map for making the daily decisions with which a growing business contends. Financial backers, venture capitalists, private investors and even bankers seek business plans as the first step toward investment decisions. 

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Tags: Entrepreneurship

2 Ways to Put Your Financial Statements to Work

Posted by David Knecht on May 24, 2014

This past Thursday morning we had a great time hosting session one of our Financial Coaching to Survive and Thrive. In this session, we covered financial statements basics.

Here are two gems of information that we shared in Thursday's training on putting your financial statements to work.

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Tags: Entrepreneurship

What Type of Tax Help Does Your Company Really Need?

Posted by David Knecht on January 22, 2014

The decision regarding a tax return preparer for your company hinges on two key factors:

Growth & Complexity

Even two companies in the same industry with the exact same amount of revenue can differ in the amount of tax help they need. 

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Tags: Entrepreneurship, Tax