Thaney CPA | Accounting Services Rochester, NY

August, 2010

Downsizing As A Cost Cutting Strategy webinar

Date: 2010-09-30 Time: 01:00 – 02:00 Location: Webinar

Companies consider downsizing and cutting costs for many reasons. A major factor will always be that they find themselves in a period of economic downturn. In this situation, companies will have to scale back on their growth expectations or may even struggle just to maintain their current size. For example, they may have to deal with increased supplier prices, excess capacity or a fall in client orders.

In order for it to be effective, downsizing shuld be done strategically. Poorly managed downsizing can hurt productivity. It can leave your organization with demoralized and less efficient team members.

This webinar explores the human resources issues with downsizing, how to map your business activities to identify activities you might eliminate or outsource and how to manage the change with your team.

Complimentary for our clients and friends

Working ON Your Business Rather Than IN Your Business Webinar

Date: 2010-09-16 Time: 03:00 – 04:00 Location: Webinar

Most businesses fail or never reach their full potential because their owners spend too much time doing the work that the business does, rather than managining and growing it. Working ON rather than IN your busines is the difference between your business just providing you with a job versus helping you attain your personal goals. Are you working IN your business, in the midst of it all and tyring to handle it all and be all things to everybody?

An important step to breaking this cycle and start working ON your business is to simply develop systems for eveything. This topic will help you to see your business as a series of processes so that you can create a “the way we do it here” manual. This means developing systems, processes, documentation and team member training to ensure your business runs smoothly, consistently, and most importantly, without you.

Complimentary to our clients and friends

Safeguard Your Financial Records

Every year there are natural disasters that remind us how easily we can lose essential tax and financial records. After a disaster, you’re more likely than ever to need certain records to file insurance claims or apply for loans. (more…)

Are You On Top Of Your Competitors?

Here’s a list of questions that every business manager should be able to answer with an unqualified ‘yes’. They relate largely to the fundamental need of identifying and understanding your competition, and if you find yourself giving a ‘no’ answer to any of them it means you could be short of valuable information that would provide you with a competitive advantage. (more…)

Perform A Midyear Tax Plan

It’s time to do a midyear review of your business tax planning. Here are five ideas to consider. (more…)

Homebuyer Tax Credit Is Extended

If you signed a contract before May 1 to buy a home, but have been unable to close the deal, you still have time to apply for the homebuyer tax credit. The deadline for finalizing the paperwork on your new home has been extended through September 30, 2010. (more…)

Good Personnel Management Means Better Profits

Most small businesses operate a tight ship. They manage overhead expenses and watch cost of sales to stay on the credit side of the ledger. But when you’ve reached a point where you cannot see any further ways to reduce costs, there could still be an opportunity to increase your profits through increasing productivity. Probably the most important way managers can increase productivity is in the way they manage their people. There are a number of practical steps you can take that revolve around your people management systems. (more…)

Some College Financing Statistics

* According to 2009 data, the average cost of a public college education is $6,585 a year, up 6.4% from the previous year. (more…)

Pay Yourself Reasonable Wages

What rule do you follow if there are no rules to follow?

As the owner of an S corporation trying to determine a reasonable salary to pay yourself, the question is important — and difficult to answer. The reason: At present, there are no specific regulations, safe-harbor provisions, or minimum wage requirements defining what amount of compensation is “reasonable” for S corporation shareholder-employees. (more…)

Is Shopping At Warehouse Stores A Money-Saver?

Does shopping at the big warehouse stores really save you money? It depends. As with many financial questions, separating fact from fiction can present a challenge. (more…)