We live and work in an era of big data. Banks are active participants, keeping a keen eye on metrics that help them accurately estimate risk of default. As you look and are applying for a business loan, try to find out how each bank will evaluate your default probability. Many do so using spreadsheets … Continue reading “Ideal Financial Ratios for Business Loans”
Month: March 2018
Key Deadlines Q2 2018 for Businesses and Other Employers
Here are some of the key deadlines q2 2018 for taxes affecting businesses and other employers. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. Contact us to ensure you’re meeting all applicable key deadlines q2 2018 and to learn more about the filing requirements. April … Continue reading “Key Deadlines Q2 2018 for Businesses and Other Employers”
Planning a Company Retreat: Home vs. Away
When a business decides in planning a company retreat for its employees, the first question to be answered usually isn’t “What’s our agenda?” or “Whom should we invite as a guest speaker?” Rather, the first item on the table is, “Where should we have it?” Many employees, and some business owners, might assume a company … Continue reading “Planning a Company Retreat: Home vs. Away”
Defer Tax with Section 1031 Like Kind Exchange Accounting: New 2018 Limits
Normally when appreciated business assets such as real estate are sold, tax is owed on the appreciation. But there’s a way to defer this tax: a Section 1031 exchange accounting. This is also known as Like-Kind Exchange Accounting. However, the Tax Cuts and Jobs Act (TCJA) reduces the types of property eligible for this favorable … Continue reading “Defer Tax with Section 1031 Like Kind Exchange Accounting: New 2018 Limits”
Sales Prospecting Tips: Building a Pipeline For Your Business
An old business adage says, “Sales is a numbers game.” In other words, the more potential buyers you face, the better your chances of making sales. This isn’t completely true, of course; success also depends on execution. Nonetheless, when a company builds a pipeline to funnel prospects to its sales team, it will increase the … Continue reading “Sales Prospecting Tips: Building a Pipeline For Your Business”
Tangible Property Repairs Deduction – Were They Actually Repairs?
A repairs deduction to tangible property, such as buildings, machinery, equipment or vehicles, can be valuable for a business’ current taxes. This is applicable as long as the so-called repairs weren’t actually “improvements.” The costs of incidental repairs and maintenance can be immediately expensed and deducted on the current year’s income tax return. But costs … Continue reading “Tangible Property Repairs Deduction – Were They Actually Repairs?”
Selling Your Business Checklist: 7 Ways to Prepare
For some business owners, succession planning is a complex and delicate matter involving family members and a long, gradual transition out of the company. Others simply sell the business and move on. There are many variations in between, of course, but if you’re leaning toward a business sale, here is our selling your business checklist with … Continue reading “Selling Your Business Checklist: 7 Ways to Prepare”
2017 Tax Filing Deadline for Pass Through Partnership Entities is March 15
When it comes to income tax returns, April 15 (actually April 17 this year, because of a weekend and a Washington, D.C., holiday) isn’t the only deadline taxpayers need to think about. The federal income tax filing deadline for calendar-year a pass through partnership is March 15. This includes S corporations and limited liability companies … Continue reading “2017 Tax Filing Deadline for Pass Through Partnership Entities is March 15”
Improving Communications On Your Company Retirement Benefits
Employees tend not to fully appreciate or use their company retirement benefits. This is due to their employer not communicating with them about the plan clearly and regularly. But workers may miss or ignore your messaging if it all looks and “sounds” the same. That’s why you need to be creatively talking about the best … Continue reading “Improving Communications On Your Company Retirement Benefits”