Why Do You Own Your Building? Monetize Your Real Estate

Many business owners also act as their own landlords.  While owning one’s real estate can provide a sense of comfort, business owners are frequently at an advantage monetizing the value of their real estate and redeploying that capital into higher return opportunities such as reinvesting in their business or paying down debt.  Additionally, as a […]

Controlling Overhead Costs in Your Medical Practice

It’s easy to think that increasing revenue will lead to greater profitability in your medical practice, and many times it does. But if overhead costs in your medical practice aren’t properly tracked and managed, they can quickly erode the profits you should be generating. Before you can control costs, however, you need to know what […]

To Lease or to Buy — That Is the Question

Businesses looking to acquire assets in the most cost-effective way must weigh the pros and cons of leasing versus buying. Small businesses, especially, often favor leasing equipment as an alternative financing arrangement to acquire the use of assets without having to raise capital. Typically, leasing is a convenient option to obtain all types of equipment, […]

A Fresh Look at Revenue Management for the Manufacturing Industry

The survey “The New World of Revenue Management,” conducted by the Institute of Management Accountants and cloud enterprise resource planning (ERP) provider FinancialForce, has been making waves across all sectors of the business world. After surveying 6,000 accountants and financial professionals, CFOs, and senior managers, the Institute of Management Accountants and FinancialForce reevaluated how they assess their revenue management practices […]

Tax Planning for Small Contractors Under the Tax Cuts and Jobs Act

The Tax Cuts and Jobs Act (the “Act”) was passed by the House and Senate and signed by the President in December of 2017 with many provisions effective January 1, 2018. One provision is a huge win for construction contractors, particularly those with average revenues between $10,000,000 and $25,000,000. Tax planning just got a lot […]

Tax Deductions and Construction: What Can Be Written Off?

Construction companies often have to deal with large expenses, either for materials, tools, the use of vehicles or any potential business costs they may need to support without being able to charge their clients for them. The good news is, in many cases, these can be written off as a tax deductions, so that you’ll […]

Is This Your Situation: You’re Trying to Come to Terms With Bonding Issues

“Payment and performance bonds required.” This phrase often signals a giant dead end for contractors who’d like to bid on public work or large private projects, but haven’t waded into the bonding world as yet. The bonding process doesn’t have to be mysterious. The most common types of construction bonds are performance and payment bonds […]

2 Tax Law Changes That May Affect Your Business’s 401(k) Plan

When you think about recent tax law changes and your business, you’re probably thinking about the new 20% pass-through deduction for qualified business income or the enhancements to depreciation-related breaks. Or, you may be contemplating the reduction or elimination of certain business expense deductions. But there are also a couple of recent tax law changes […]

Employee Benefit Plan Mistakes Can, and Do, Happen. How You Fix Them Matters!

With the ever-increasing rules and regulations placed on employee benefit plan, staying in compliance is not an easy task.  Mistakes can happen, even in the most effectively run plans and it is important to understand the available remedies and correction programs to avoid severe monetary penalties, legal ramifications, or potentially even disqualification of a plan’s […]

Tax Calendar

July 16 — If the monthly deposit rule applies, employers must deposit the tax for payments in June for Social Security, Medicare, withheld income tax, and nonpayroll withholding. July 31 — If you have employees, a federal unemployment tax (FUTA) deposit is due if the FUTA liability through June exceeds $500. The second quarter Form 941 (“Employer’s […]

1 2 3 20