Traverse City News and Events

Dynamic Duos: Local Business Owners Lean On Key Advisors

By Beth Milligan | March 5, 2019

As a business owner, processing payroll and expenses can be challenging. Add determining when and how to finance things like expansion and major purchases, and follow that up with the yearly changes in tax laws, and it’s clear that unless you’re an expert or have plenty of time to become one, it’s beneficial to have an outside accountant or firm on your side. 

In the March issue of the Traverse City Business News - sister publication of The Ticker - local "dynamic duos" share their success in including accountants as key members of their leadership teams. Filmmaker Rich Brauer, for example, shares how his CPA Dan Hofstra has kept him in business. “From the start, Dan has been a sounding board for how we structure the various film projects,” says Brauer, who structures each of his movies as separate LLCs per Hofstra’s advice. 

Co-owner Jessica Edson of Edson Farms Market & Deli, meanwhile, says CPA Jon Damhof has been invaluable in helping her and her husband determine how and when to make crucial business decisions and plan for capital improvements, such as a current expansion underway. “When to purchase, how to finance, whether it’s cash or a loan, how things are depreciated – there are lots of different [variables],” she says.

This month's Traverse City Business News also includes an inside look at new innovations in pain management and alternatives to opioids, northern Michigan's surprising emergence as an aerospace contender, an overview of two Traverse City senior living facilities undergoing significant overhauls, and much more. The Traverse City Business News is available for annual subscription for just $35 here, or is available for sale at more than 30 area bookstores and retailers. Some (but not all) articles are also online for viewing here.

Comment

Join The Ticker for April Recess at Commongrounds!

Read More >>

GT Regional Land Conservancy Acquires $5.1M Property in East Bay Township

Read More >>

173-Home Rental Subdivision, Timber Ridge Expansion Proposed

Read More >>

Leadership Changes, Housing Project, Commons Trail on Garfield Agenda

Read More >>

What's Next for Nonprofits at Planned Innovation Center Site?

Read More >>

Land Bank Plans New Uses for Crestwood, Kingsley, Boardman Properties

Read More >>

Meet Traverse City's Behind-The-Scenes Patrons Of Youth Music

Read More >>

NMC Audio Tech Program Plots Fundraiser Concert

Read More >>

Judge Dismisses Studio 8 Lawsuit Against City, Three Individuals

Read More >>

Avelo Airlines Coming to TVC with Direct Service to New Haven

Read More >>

How Two TC Filmmakers Captured The Story Of Michigan’s Arthouse Movie Theater Heritage

Read More >>

$30-$40 Million Technology/Logistics Park Proposed Next to Airport

Read More >>

Has Equilibrium Arrived For Traverse City Home Sales?

Read More >>

Local Wineries Score In Largest U.S. Wine Competition

Read More >>