Newsday Small Business: Taking advantage of tax breaks Newsday "It's a last licks approach to using some of the great tax breaks we currently have," says Barbara Weltman, a Vero Beach, Fla.-based small business tax specialist and author of "J.K.
Tax Alert: Some business deductions are going away at the end of the year. These are juicy benefits, make sure they get counted!
Washington Post Small business advice: Hurry, these four tax breaks expire at the end of the year Washington Post We've sifted through all the expiring tax provisions and narrowed the list down to the four most important expiring breaks that every...
Have you purchased equipment this year (2013)? Have you done any remodeling that included upgrades to lighting? This article features 4 major tax breaks that will likely go away in 2014.
If you have business income you can offset some of it using these deductions.
Intuit today is unveiling a drastic overhaul of its QuickBooks Online accounting software for small businesses. The redesign takes visual cues from Mint.com, the personal finance website that Intuit acquired in 2009, and lets ...
Intuit is feeling outside pressure to upgrade and improve it's online version of QuickBooks.
Small business owners need easy quick solutions to the hassle of bookkeeping. I just interviewed a small buisness owner who for 35 years has never done his own books. Why? No time and it's too complex for him. GIVE US SOMETHING EASY.
Don't take cash flow for granted: Ask SCORE NOLA.com A healthy cash flow also requires close attention to your receivables—the money that customers owe to you for products or services you've delivered.
Here's an article from SCORE concerning cash flow. Like they say "Cash is King". No shit Sherlock!
Simply put, a business needs cash in order to stay in business. Healthy books and profit margins are meaningless if you run out of cash and therefore can’t pay your suppliers or employees on time. So how can you best handle your cash flow?
As I read this article I thought, who doesn't know this? Well, there was a time when I didn't. Duh! You see I graduated from the Homer Simpson school of small business.
Our company was completeing work for customers and I was too hesitant, meek, and mild to ask for the cash. Instead I did a great customer service thing, I set them up to pay on time.
Well, Duh, can you guess what happened? It took about two months before my account recievables were over $20K.
WHAT WAS I THINKING?
Well, I got over that on the third month. Back to who doesn't know this stuff, maybe you don't?
Let me know what you think, do you have any good stories? Yes, I talking to you.
The changes of previous decades have left accountants acting more like their clients most trusted servants than their most trusted advisors, according to IT expert and thought leader Doug Sleeter.
In the 30 years I've been involved in business I have yet to have an accountant, CPA, or bookkeeper try to be part of a team. You know, help me as a business owner learn how to best utilize my bookkeeping to help make better decisions.. Really WTF, the amount some of these guys charge and they take MY numbers and put them in a form.....that'll be $500.00.
Well Mr. Sleeter speaks to the accountants and says things are changing. Get with it or get lost...okay I said that. But he has good advice for the pencil pushers.
As small business owners let's pray the Steve Jobs of accounting shakes up the accepted business model.
According to the Telegraph in the UK, banks are willing to lend, small businesses are hesitant to barrow.
Okay, I'm a sceptic, but the article makes sense. The long and short is some banks are reaching out to business to offer loans. This is great news! Really, a bank marketing to a target market how novel...
What they don't say is how small is small? My guess they are not sending letters to owners with less then 10 employees. If they are going after that market then we know the economy is on the mend.
WRGT TV Fox 45 Accounting Manager Accused of Stealing $100000 from Auto Dealer WRGT TV Fox 45 MONTGOMERY COUNTY -- A woman who had been employed as an accounting manager for Voss Auto Network is suspected of stealing more than $100,000 from the...
Hey, does this woman work for you? She's happy because she just alledgedly stole $100,000 from her employer.
She's currently unemployed and looking for another position. The most important feature she looks for in a company is one with strong cash flow and little if no accounting controls in place.
She can be reached through her attorney, hurry her court date is December 18th, after that she may be unavailable for 6 to 10 years.
Resource Nation (blog) Proactive Cash Flow: How to Get Customers to Pay Resource Nation (blog) It's important for small-business owners to get their customers to pay.
Get this - 19% of small businesses get pressure from credit paying customers to have longer repayments schedules.
Hey pal, we ain't no damn bank. Seriously as a business owner cash is king, you've heard that right?
How about this, some revenue models include negotiating longer payments to suppliers while at the same time speeding up the payment process from customers. This evens cash flow for the business that uses that revenue model. Where do you stand now?
The advantages of factoring invoices with nonrecourse invoice factoring companies compared to factoring with recourse.
B2B Cash Flow - Did you know that you can turn your receivables into working capital without waiting for customers to pay? Benefits of Choosing Nonrecourse Financing When it Comes to Factoring Receivables http://bit.ly/1cgAHhk #factoring #receivables
Small business sales finally make big gains Marietta Daily Journal Fred Barkman Jr., owner of Spectra Laboratories, stands at his business in Tacoma, Wash., on Oct. 25.
Sales of businesses is finally taking place. Now is the time to start looking for ways to increase the value of the business if you will be retiring in the near future.
When I sold real estate owners would often say "yeah, I know it needs paint but we'll wait. That way the buyer can choose the color" Bad plan, really bad. Buyers say "this place needs too much work, I'll pass".
Only the really smart buyers see value, but trust me, they will make you pay for the mistake.
Many companies today are earning low profits or no profits because their costs of doing business are not coordinated with their sales.
Here's a post from my linkedin group from this morning. Listen if you are a novice at small business you have a huge learing curve ahead of you. Charles has written about 6 financial aspects of business that if you don't get this, then you also don't get profit and loss. Fast read!
Business Planning Tips Gilmer Mirror Richardson-Mauro, a Certified Financial Planner, and Johnson, a Certified Public Accountant, specialize in helping business owners successfully transition out of companies and achieve their goals.
As the article points out, many bommers are close to retirement. There are two issues here;
1) Have you been planning the exit strategy and beefing up the financials to show your business in it's best light?
2) Exactly what will you do once you retire?
I lived on a sailboat in the Caribbean for 8 years and met many really, really, bored retires. Have you even thought about this? Hmmmm?
"Growth of Profit is better than growth of Revenue"
Sounds simplistic but if we focused every decision on profit there would be ideas or products that won't make it out of the planning stage. Think of this, if an idea does not produce profit drop the idea. Now you have time to plan an idea that does. Wow, OMG I scare myself sometimes.
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