Information on business financial.

Power of Attorney

Powers of Attorney: Springing v Nonspringing

Estate planning typically focuses on what happens to your assets when you die. But it’s equally important (some might say more important) to have a plan for making critical financial and medical decisions if you’re unable to make those decisions…
Path to performance; key performance indicators

Monitor Your Company Performance w/ KPI's

From the baseball field to the boardroom, statistical analysis has changed various industries nationwide. With proper preparation and guidance, business owners can use Key Performance Indicators to monitor company performance — far beyond…
bank fraud

Compute Overtime Pay Correctly When a Bonus is Issued

Bonuses can be an effective way for employers to reward hourly employees for an outstanding year. Some employers also offer a bonus as an incentive to meet certain productivity or sales goals.  Make sure you understand the definitions of each…
Retirement savings

Are Your Retirement Savings Safe from Creditors?

A primary goal of estate planning is asset protection. After all, no matter how well your estate plan is designed, it won’t do much good if you wind up with no wealth to share with your family.  Are your retirement savings safe from creditors? If…
Lost Sales Opportunities

Could Your Lost Sales be Lost Opportunities?

“Sorry, we don’t carry that item.” Or perhaps, “No, that’s not part of our service package.”  How many times a year do your employees utter these words or ones like them? Lost sales are lost opportunities. The specific number is…
Company disaster

Is Your Company Prepared for any Disaster?

What could stop your company from operating for a day, a month or a year? A flood or fire? Perhaps a key supplier shuts down temporarily or permanently. Or maybe a hacker or technical problem crashes your website or you suddenly lose power.…
too much cash

Do you have Too Much Cash in your Business?

Does your business have too much cash? From the time a business opens its doors, the owner is told “cash is king.” It may seem to follow that having a very large amount of cash could never be a bad thing. But, the truth is, a company that’s…
Tax scam

Phishing Scams. IRS Warns: "Don't Take the Bait"

The IRS warns that tax professionals are increasingly the targets of phishing scams. Increase cyber security and beware of email that appears to be from friends, customers or companies. In conjunction with their Security Summit, the IRS…
selling investments

Details Matter When you are Selling Investments

The tax consequences of the sale of an investment, as well as your net return, can be affected by a variety of factors. You’re probably focused on factors such as how much you paid for the investment vs. how much you’re selling it for, whether…

3 Tax Breaks for Business Charitable Donations

Donating to charity is more than good business citizenship; it can also save tax. Some business owners may not be aware of some of the lesser-known federal income tax breaks. Here are 3 tax breaks for business charitable donations: 1. Food…