Selling a business is one of the most complex yet important transactions you’ll ever navigate. Long before you sign a Letter of Intent, buyers will want to see that your company’s records are organized, complete, and transparent. This state of readiness is crucial to ensure a smooth and rewarding outcome for all. The Due Diligence …
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Ludwig Joins Annual Back-to-School Event with The Fund for the School District of Philadelphia
This past Wednesday, August 6, Ludwig Business Consultants was proud to support the Annual Back-to-School event hosted by The Fund for the School District of Philadelphia. Our Controller, Velma Martinez, CPA, MBA, joined community leaders at George Washington High School in Philadelphia. Velma distributed free backpacks to students to help them prepare for the upcoming …
5 Financial Metrics Every Business Owner Should Watch Weekly
Make smarter decisions by tracking what really matters. No matter what stage your company is in, one thing remains true: strong decisions require strong data. Whether you’re deciding to hire, expand, or invest, stakeholders need clear reasoning—supported by real evidence—to justify your move. The best business owners monitor five top metrics weekly. These five KPIs …
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The 3 Things Every Business Should Be Doing Right Now
If it feels like every company is beginning to change the way they do business, that’s because they are. Internal change is everywhere—companies are “cleaning out the closet” so to speak, with new systems, automated processes, and less overhead. The business environment has shifted in recent years due to rising costs, changing leadership priorities, …
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What You Need to Know About the “One Big Beautiful Bill”
On July 4th, 2025, a major new sweeping tax law—the ‘One Big Beautiful Bill’—was signed into law, bringing impactful changes for both individuals and businesses. This legislation aims to boost the economy by offering a variety of tax-saving opportunities. The One Big Beautiful Tax Bill takes a two-pronged approach. At its core, it extends—and in …
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Fractional CFO vs. Full-Time CFO: What’s Best for Your Bottom Line?
Choosing a CFO is one of the most important financial decisions a growing company can make, yet for many companies, a full-time CFO just doesn’t make sense due to high costs, shifting needs, or limited operational complexity. Without one, companies often struggle to maintain accurate financial records, ensure compliance, manage cash flow effectively, or develop …
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LBC Honored with Philly100 Award Again!
Ludwig Business Consultants is honored to be a two-time recipient of the Philadelphia100® Forum’s Award for the fastest-growing, privately-held companies in Philadelphia! While the forum started the award as a means of bringing recognition to the region, it has grown into a nationally-recognized acknowledgement of excellence. Ludwig achieved ranking on the list in both 2021 …
The BOI is Back–No, It’s Not!
Update as of 1/6/25:The Merit Panel of the Fifth Circuit Appeals Court has reinstated the injuction against the BOI. The Beneficial Ownership Interest reports are again on hold until further notice. The Department of Justice took the case to the US Supreme Court several days ago. While that case is pending, businesses are not required …
Increased Mileage Reimbursement Rates for 2025
Effective January 1, 2025, the IRS has increased the reimbursement rate for mileage deductions and reimbursements. According to the new rules, taxpayers will be able to claim: Please note that you must keep careful track of mileage for these purposes. We recommend a simple notebook, kept in the glove compartment of your vehicle, or using …
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BOI Scam Alert
From our Director of Taxation, Joseph Kim, CPA/MST: The U.S. Department of Treasury’s Financial Crimes Enforcement Network (FinCEN) issued an alert on December 18, 2024, to raise awareness of fraud schemes abusing FinCEN’s name, insignia, and authorities. Please note that these fraud schemes include scams which exploit Beneficial Ownership Information (BOI) reporting. The scammers may convince …