Liquidity

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Liquidity as part of your business planning analysis. Your business needs to understand its business! A business consulting and planning specialist may help you to determine the critical ratios and figures necessary to really understand your business. Liquidity is a very important concept for a business. It is a measure of your company’s ability to […]

Giving Real Estate to a Charity

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Giving real estate to charity is rewarding, but beware of tax traps Did you know that the eshttp://www.checkpointmarketing.net/docs/08_25_16_583802382_EPB_560x292.jpgtate of director John Hughes donated the family’s Illinois mansion to a nonprofit hospital? After allowing another charity to use the home for a fundraising event, the hospital sold the home and used the proceeds to expand its […]

Consolidate accounts and simplify your financial life

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  If you’ve accumulated many bank, investment and other financial accounts over the years, you might consider consolidating some of them. Having multiple accounts requires you to spend more time tracking and reconciling financial activities and can make it harder to keep a handle on how much you have and whether your money is being […]

Deducting education expenses for employees

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Deducting education expense — good for employer and employee! Training is one of the most sought after benefits of those entering the workplace. While most employee training, most employee training occurs in-house, as an alternative, area colleges and trade schools may be a great source of education in professional development. If you reimburse employees for […]

Now’s the time to start thinking about “bunching” — miscellaneous itemized deductions, that is

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  Many expenses that may qualify as miscellaneous itemized deductions are deductible only to the extent they exceed, in aggregate, 2% of your adjusted gross income (AGI). Bunching these expenses into a single year may allow you to exceed this “floor.” So now is a good time to add up your potential deductions to date […]

Combining business and vacation travel: What can you deduct?

Posted on Leave a commentPosted in albuquerque CPA , TAX advice, Business Planning and Consulting, Business Taxes, Colorado Tax and Accounting Consultation, Tax, Uncategorized

If you go on a business trip within the United States and tack on some vacation days, you can deduct some of your expenses. But exactly what can you write off? Transportation expenses Transportation costs to and from the location of your business activity are 100% deductible as long as the primary reason for the […]

Higher medical costs = Fewer Malpractice Claims

Posted on Leave a commentPosted in Colorado Tax and Accounting Consultation, Personal consulting, Personal Finances

Defensive medicine is widely practiced in the United States and bears a direct coorelation to lower malpractice claims. Physcians reporting the practice of  “defensive medicine” — care provided solely to reduce the threat of malpractice liability — have significantly lower malpractice claims. In Massachusetts, for example, greater than 80% of physicians reported practicing defensive medicine, which consists, […]

Managing your Working Capital

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  According to the most up to date stats from Equifax, there are more than 18 million small companies in the US. A high portion of those small business owners are digging into individual cost savings, taking out home equity loans, obtaining from friends and family and adding charge card expenses as their way of […]

Compensation concerns

Posted on Leave a commentPosted in Business Planning and Consulting, CFO Outsource, Colorado Tax and Accounting Consultation, Compensation

Fine-tuning your company’s compensation strategy As a business evolves, so must its compensation strategy. Hopefully, your company is growing — perhaps adding employees or promoting staff members who are key to your success. But other things can spur the need to fine-tune your compensation strategy as well, such as economic changes or the rise of […]

Northern Colorado Enterprise Zone Tax Credits

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Colorado’s Enterprise Zone Program is created to stimulate economic and neighborhood advancement in targeted locations around the state. Personal businesses located within an Enterprise Zone may receive incentives associated with business investment, business expansion, and/or brand-new business relocation. Your Local CPA can help you determine if you can apply for Enterprise zone credits for your […]