Once again the Federal Government has rewritten the rules related to determining what is a deductible asset repair and what is an asset improvement that must be capitalized. We say ‘once again’ because the IRS has been submitting and withdrawing rules related to this subject for several years now. It has always been one of those items that is hard to define clearly for the large span of businesses and assets that the subject can relate to. Read More »
If you’ve been following the European debt crisis in the news, you are aware of how the Euro has linked the financial stability of all these countries together. This is a positive thing for countries that have been struggling economically, but those who have a sound economy on their own are now feeling the drag of some of the weaker partners. This necessitates the members of the European Union working together to make sure that everyone stays afloat. The same can be true of business relationships. Read More »
If you haven’t created official employee handbooks for your company employees, it may because you just haven’t taken the time to get the information put together or it may be because you don’t fully understand the range of benefits that a small business owner can receive from these simple documentations of your policies. Read More »
Payroll tax withholding on regular wages is pretty common knowledge and easily handled through most any payroll software or even when payroll is calculated manually. However, there are several other payroll items that may come into play that require some special handling and understanding of the payroll taxes that apply. The details regarding how to handle each of these special situations can be found in IRS Publication 15 which is available online at www.irs.gov.
Here is a brief overview of three of these special payroll tax situations: Read More »
The low volume of 504 refinance loans being accessed by small businesses, spurred the SBA to look for reasons behind the limited use of this real estate refinancing option. As a result of input that was received following their inquiries, SBA has revamped or removed many of the restrictions that were hindering businesses from qualifying for these refinance loans. Read More »
When you have a vacancy to fill, reading through applications and resumes can become a bit tedious. That makes it easy to overlook items that should be raising a red flag as a potential issue. A good way to avoid this is to create a check list of specific items that you want to look for on each application. Read More »
One of the biggest drains on a small business’s cash flow can be uncollected receivables. These situations can also be a big drain on your time and emotions. There are ways to minimize your outstanding receivables and relieve both the financial and personal strain that uncollected debt can cause. Here are some key tips to keeping your customer’s current with their payments. Read More »
Smart phones have made anywhere-internet-access available for many. Cloud computing has made this access even more productive. We can access our documents right online. In spite of these conveniences, for some of us, our more heavy duty work load still needs to done through our laptop or at least our tablet computer. You sometimes need a full-sized keyboard and screen to operate efficiently. Thankfully there are plenty of wireless access points for us to use when we’re on the road. Internet access has become an expected amenity at motels. Outside of the motel, there are coffee shops, restaurants and bookstores that provide free wireless access. But what do you do when you have that report you need to get done, while you are ‘literally’ on the road? There are a couple of options, and one may work better for some users than the other. Read More »
