Business Wealth and Finance

4 Ways to Build Business Profitability

Posted on:  September 22nd, 2016
By:  Bob Jones

While some businesses are more complex than others, all have one thing in common – we’re all in business to make a profit. And when you dig down, that commonality breaks down into four basics. No matter what product or service a business sells, revenue or profitability can be built in one or mor Read More

Last Updated by Bob Jones September 22, 2016

Three Signs You Need a Business Plan

Posted on:  May 26th, 2016
By:  Diane Morrison

Do you have a business plan? Many small businesses skip this very important step when starting out, and it can hurt you in the long run. A business plan includes background and organizational information; but more importantly, it is a written statement of business goals, reasons why those goals make Read More

Last Updated by Diane Morrison May 26, 2016

Good News! Tangible Property Expensing Threshold Raised to $2,500

Posted on:  December 10th, 2015
By:  Diane Morrison

In what is most definitely good news for most small business owners, the IRS announced last month that they have raised the safe harbor threshold from $500 to $2,500 for deducting certain capital purchases.  This means that purchases of items with a total price of $2,500 or less may be deducted as Read More

Last Updated by Diane Morrison December 10, 2015

Choosing a Retirement Plan for Your Small Business

Posted on:  August 14th, 2015
By:  Diane Morrison

According to a recent article in the Bloomberg News, the Social Security retirement and disability (combined) fund reserves will run out in 2034. Well… regardless of that possibility, the income any taxpayer will receive from Social Security is seldom enough for a comfortable retirement. Savvy tax Read More

Last Updated by Diane Morrison August 14, 2015

The 4 Most Important Factors in Building Business Profitability

Posted on:  August 6th, 2015
By:  Bob Jones

While some businesses are more complex than others, all have one thing in common – well, really, 4 things in common.  No matter what product or service a business sells, they will build their revenue or profitability in one or more of the following ways:

Increase the number of customers
Incr Read More

Last Updated by Bob Jones August 6, 2015

Making a Donation? Stop. Wait a Minute.

Posted on:  July 30th, 2015
By:  Diane Morrison

It’s tempting. You want to be a good person, and give when asked. But if you take a few moments to do a little homework before making a charitable donation, you can maximize your tax deduction as well as the benefits on the receiving end.
First, the basics – only donations to qualified organizat Read More

Last Updated by Diane Morrison July 30, 2015

It’s _______O’clock. Do You Know Where Your Beneficiary Designations Are?

Posted on:  July 23rd, 2015
By:  Diane Morrison

Most everyone has filled out a beneficiary designation at some point. In fact, most people have several active beneficiary designations at any given time. What many people don’t know, is that these beneficiary designations supersede any instructions you may have outlined in your will. The assets i Read More

Last Updated by Diane Morrison July 23, 2015

The Dirty Dozen – Part Deux

Posted on:  June 25th, 2015
By:  Diane Morrison

Last week we looked at the first half of the Dirty Dozen for 2015, a list of the most pervasive tax scams of the day assembled each year by the IRS. (If you missed the first half check it out here, The Dirty Dozen – Part One.) While the top six scams are mostly inflicted upon unsuspecting taxpayer Read More

Last Updated by Diane Morrison June 25, 2015

The Dirty Dozen – Part One

Posted on:  June 18th, 2015
By:  Diane Morrison

Every year the IRS puts together a list of the most pervasive tax scams of the day. While a good number of these scams are perpetrated by con-artists who target unwary taxpayers, some of these are actually carried out by dishonest taxpayers themselves or even by unscrupulous (or phony) tax preparers Read More

Last Updated by Diane Morrison June 18, 2015

Got Employees? Then You’ve Got Employee Records – Here’s How To Manage It All

Posted on:  May 14th, 2015
By:  Diane Morrison

Do you own a business? If you do, then you have paper. A LOT of paper. Even in a “paperless” office, there can still be quite a bit of paper. And that’s not even counting all of the virtual paper; digital files, while not literally taking up the space you normally think of, still occupy space Read More

Last Updated by Diane Morrison May 14, 2015