Posts Tagged ‘financial planning’

What Are 5 Things You Should Do Financially Now?

Tuesday, January 7th, 2014

As a small business owner, you probably find the end of the year a busy time. Before you know it, you find yourself into January trying to determine what the New Year will bring. One of the keys to being a successful business owner is taking a break from the day-to-day routine and spending some time doing valuable planning. This is sometimes referred to as working on your business, not just working in your business. To help you with this process, here are five things you should consider doing as a small business owner as you start the New Year.  (more…)

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What Are 6 Things You Can Do To Improve The Health Of Your Business in 2014?

Monday, December 30th, 2013

Are you out of breath from the impact the economy had on your business during the last several years? Is it time to develop some New Year’s resolutions that will make a difference in your business? Adopting a new diet, jumping on the treadmill or committing to run a half marathon are common items on the “personal” resolution menu. However, is it time to add energy and resources to your resolutions in order to improve the health of your business?  (more…)

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Where Can I Find Easy-To-Use Tools For Calculating Complex Data?

Wednesday, December 18th, 2013

The holidays are upon us, and right now you’re probably looking forward to celebrating with family and friends. Your finances may be one of the furthest things from your mind, but once Jan. 1 hits, the holidays are over and we all go back to our “regular” lives. If you’re an individual who sets goals or resolutions for the New Year, you may find yourself hoping to get into better physical shape or get better organized. But in the craze of the holidays and in the midst of your New Year’s resolutions, have you considered your finances?  (more…)

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Why Should Your Digital Assets Be Part of Your Estate Plan?

Thursday, November 21st, 2013

Just when you think your estate plan is complete, is it really? Your will gives your personal property to your daughter, Suzie. Great, Suzie gets your laptop and your smartphone. But what happens to your online accounts, emails, Facebook account, iTunes account, that special digital crown won in an online game, and digital pictures stored in the “cloud”? Does Suzie know where to find your usernames or passwords? Even if she does, does she have a right to access the accounts?  (more…)

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Why Is A Budget Important To The Success Of My Business?

Friday, October 18th, 2013

The end of the year is fast approaching. Before you know it, Jan. 1, 2014, will be here and another business year is at hand. So… have you started planning and budgeting for your 2014 business year? If you haven’t, don’t wait any longer. The sooner you get your budget in place, the better idea you’ll have of what you can do in the year ahead.  (more…)

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Need Some Cash Now?

Friday, July 19th, 2013

Are you in the market for a new home? Or maybe you’re looking to purchase a new car for your daughter or son? Don’t have enough cash for a down payment? No problem. There’s a nice workaround that can provide short-term relief for your immediate need.  (more…)

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Is it time to review your choice of entity?

Wednesday, July 17th, 2013

When is the last time you talked to your accountant about your business’s entity type? If you’re like most business owners, it’s probably not something you regularly think about. Whether you are taxed at the corporate level as a C-corporation, or have a pass-through entity such as an S-corporation or a limited liability company (LLC), there have been plenty of changes in the tax laws recently to warrant at least considering your entity type. (more…)

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How Has the Fiscal Cliff Deal Impacted Trusts?

Monday, July 8th, 2013

If you deal with trusts, you may soon feel the effects of new higher tax rates and the Medicare surtax. Unfortunately, the fiscal cliff deal was not kind to trusts, trustees or trust beneficiaries. For 2013, a trust will pay income tax at the highest individual tax rate of 39.6 percent when taxable income is more than $11,950. An individual would not pay at this highest tax rate until taxable income exceeds $400,000. In addition, the new 3.8 percent Medicare surtax on net investment income applies to trusts if taxable income exceeds $11,950.  (more…)

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Did You Know That Treating Your Business like an Investment Can Lead to Wealth?

Wednesday, June 19th, 2013

If you’re a business owner, did you know that you can significantly increase your net wealth by simply changing the way you look at your business? (more…)

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Do You Understand Your Company’s Financial Statements?

Wednesday, June 19th, 2013

Big GAAP vs. Little GAAP has been a hot topic in recent years. (Okay, “hot” topic may be a stretch…) The question of the hour is: Why should a privately held company with close relationships to owners, bankers, insurers and other financial statement users need to comply with the same complex rules and extensive disclosure requirements that a publicly traded company is held to? (more…)

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