You may not realize this, but one of the best opportunities to increase your business’s bottom line can be found by reviewing its overhead. These expenses, consisting of mundane but necessary essentials such as office supplies, utilities, credit card processing, and insurance, each have their own unique savings opportunities. 
Business owners and managers often get complacent and let these recurring items grow over time, eventually bloating their company’s overhead costs. So, how do you harness these potential savings opportunities to fight this overhead battle of the bulge? (more…)
January, 2011
Reducing Business Overhead: How To Fight The Battle Of The Bulge
The Solution To Healthier Sales
Good times always feel like they will last forever. However, there will come a time when customers are harder to find. The global financial crisis and its consequences showed that when an economy sours, businesses without robust processes tend to breakdown. Falling sales is a typical sign. (more…)
Where You Hold An Investment Matters
You’ll probably be doing a 2011 review of your investment portfolio for tax and rebalancing purposes. As part of your review, check to be certain you are holding your specific investments in the right type of account. Your goal is to hold investments that produce ordinary taxable income in tax-deferred accounts and to hold those that produce tax-free or tax-favored income in your regular taxable accounts. (more…)
Tax Tip Tuesday! 2011 Tax Numbers Are Adjusted For Inflation
Adjusting numbers in the federal income tax code to account for inflation, known as indexing, is an annual event. Indexing affects deductions, exemptions, exclusions, tax brackets — and your tax planning. (more…)
Congress Extends Bush-era Tax Cuts For Two Years
After weeks of wrangling over the details, both the Senate and the House passed a bill that will extend the tax rates in 
effect in 2010 for another two years. President Obama signed the 2010 Tax Relief Act into law on December 17, 2010. (more…)
Time To Let Others Know How Good You Are
Advertising to your target market the products or services you sell is a great way to inform potential customers of what you have to offer. But every claim made in your advertisement is colored by the knowledge that you are promoting products for financial gain. Accordingly, a potential customer will keep in the front of their mind that the promised relationship is between a seller and a buyer. As the famous saying goes, caveat emptor – “buyer beware”. You can’t trust everything that you read in advertising. (more…)
1099s due to Recipients
Date: 2011-01-31
Provide statements for prior year to recipients of dividends and certain distributions, interest, patronage dividends, orginal issue discount, proceeds from the broker, barter exchange and real estate transactions, certain government payments, long-term care and accelerated death benefits, distributions from medical savings accounts, and miscellaneous income. (Form 1099 series)
W-2s due to your Employees
Date: 2011-01-31
Employers must furnish employees with statement of compensation and amounts withheld during prior year (Form W-2).
New Law Includes Business Provisions
The 2010 Tax Relief Act includes several provisions that will affect businesses. Here are the highlights. (more…)
