Unlike last year, tax planning for 2013 is not hampered by uncertainties over alooming fiscal cliff. Unfortunately, there is always some uncertainty and a few expiring provisions to warrant special attention by taxpayers. Managing income taxes at year end involves techniques designed to address three issues: • Accelerating or deferring income: If a taxpayer expects to […]
In some countries, there’s no such thing as regular price or sale price. Everything is negotiated. Buyer and seller haggle back and forth until both agree. But here in the U.S., things are different. We don’t haggle. Instead, we shop for sales that aren’t really sales. And I believe this is so engrained in us, […]
Analysts from the Federal Reserve Bank of Cleveland recently noted in an economic commentary that small business lending has dropped substantially since the Great Recession. “While some measures of small business lending are now above their lowest levels since the economic downturn began, they remain far below their levels before it. For example, in the […]
Small businesses need to carefully manage their cash flow. Often times, the smallest change can have the largest impact, especially when it comes to vendors. How you choose and manage your providers and vendors plays a key role in the success of your business. Your company can easily get stuck in a rut by doing […]
When you’re a small business owner, you no doubt have big ambitions for your company. As sizeable as your goals may seem, it is important to keep an eye on the fundamentals. Here are some essential practices for keeping your business on a firm foundation. · Stick to the plan. As you’re running your business […]