Cutting costs is a short-term strategy to help manage expenses and build a quick profit. But as a business leader, you want to focus on a long-term strategy for growth and profitability with your organization. There are many ways to do this, but here are 5 ideas to consider...
Is it safe to say that you keep hearing your business is in danger of being broken down and completely stolen from underneath you? Who is going to steal your business? Your dog. Your cat. Your daughter is going to steal your business from you, and you yourself are...
When a professional corporation sells its assets or liquidates, one important tax issue is whether the corporation or the shareholder-employees own any appreciated professional goodwill (with a fair market value in excess of tax basis).
The upgrade is here, and even as you might already have updated your computer to Windows 10, there are a number of things to consider for your business. Employees and employers alike have the opportunity to become more efficient and effective in their work. There are a number of...
Planning to purchase a new asset is quite the process. The company needs an installation plan, operating staff, and of course a financial plan. Budgeting is a cash-based concept. A company could have over $10 million in sales, but if there is no cash available for the purchase, it...
Audit. That word can cause dread and fear in many businesses. An audit from the IRS is never a fun experience and the common perception of an audit has been skewed because of this. In this article I will be talking about a different kind of audit, an audit...
When I think about this time of the year, I think about cooler weather, harvesting, pumpkins and falling leaves. I also think about reflecting on the past year and planning for the next one. At this time, many organizations are conducting fall planning sessions and/or releasing new strategic plans...
Hiring someone on an independent contractor basis can have many advantages for employers. For example, independent contractors can:
Getting back into work can be challenging when returning from a well-earned vacation. Now that you’ve rested and feel reinvigorated, this is an opportunity to reevaluate aspects of your company’s financial environment and move forward productively. Here are 5 areas to focus on to get back in the swing...
One of the scariest realizations people have in the world of Information Technology is the fact that there is a cyber war going on every day. We are consistently failing to realize the potential for disaster until we do come to understand what is happening through the networks we...