Rule #1. Note that while converting a traditional IRA to a Roth IRA is now open to everyone, regardless of income, contributing to a Roth IRA is still not allowed for higher-income taxpayers. (more…)
June, 2010
The Next Great Wave of Innovation – Succeeding Through Turmoil
How do you see change – as a threat or an opportunity?
Our industries, our society and even our planet are in a state of flux as we struggle to come to terms with turbulent economies, dwindling resources and a changing climate. In The Sixth Wave, a book on business and innovation, authors Moody and Nogrady predict that we are on the cusp of the next great wave of change for the future. They also demonstrate that periods of change in history have always been the time when the greatest opportunities exist for the introduction of new technologies, new products and services, and for inspired ideas about whole new ways of doing things. (more…)
IRS Releases 2010 Vehicle Depreciation Limits
The IRS has released the annual depreciation limits for business vehicles first placed in service during 2010. (more…)
Military Tax Breaks are Available
National Military Appreciation Month trivia question: How many military tax benefits can you name? (more…)
Thin Client Computing – Is It the Right Choice for Your Business?
Thin client computing is one of the options businesses have when upgrading their desktop computers. If you are unfamiliar with the term, thin client computing is where basic computer terminals rely mostly on another computer – a server – to perform their tasks. Thin clients are connected through a network to a server where most of the processing occurs. Because it has no hard drive, a thin client terminal can’t operate without being connected to the server, unlike a thick client where the computer does the processing. (more…)
Two Financing Options for your Business: Equity and Debt
Start-up businesses and long-established firms share common ground in at least one respect: the need for financing. Managers of fledgling companies often debate the best way to obtain funds for buying inventory, heavy equipment, and buildings for making widgets. (more…)
Our Top 10 Cash Flow Tips
1. Know your business’ balance sheet thoroughly. This may sound obvious, but, as your accountant can confirm, many business people don’t know how cash flow works and its significance to keeping their operation afloat. (more…)
Finding Acres of Diamonds by Marketing in Your Own Backyard
“Acres of Diamonds” is an old story of an African farmer who sold his farm and wandered the countryside searching for diamonds. It later turned out that the land that he sold was full of diamonds and eventually became the site of a large mine. (more…)
