Liquidity

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

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 […]

Non-Profit Endowments

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Managing an Endowment A large endowment that will keep your Non-profit financially worry-free in the future and allow it to fulfill its mission is a universally longed for dream. In the real world, endowments also carry serious responsibilities, created by the Uniform Prudent Management of Institutional Funds Act (UPMIFA). Many smaller non-profit organizations believe that […]

Paying for tuition

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Prepaid tuition vs. college savings: Which type of 529 plan is better? Section 529 plans provide a tax-advantaged way to help pay for college expenses. Here are just a few of the benefits: Although contributions aren’t deductible for federal purposes, plan assets can grow tax-deferred. Some states offer tax incentives for contributing in the form […]

Document!

Posted on Leave a commentPosted in Business Taxes, Tax

Documentation is the key to business expense deductions If you have incomplete or missing records and get audited by the IRS, your business will likely lose out on valuable deductions. Here are two recent U.S. Tax Court cases that help illustrate the rules for documenting deductions. Case 1: Insufficient records In the first case, the […]

Giving Real Estate to a Charity

Posted on Leave a commentPosted in albuquerque CPA , TAX advice, Colorado Tax and Accounting Consultation

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 […]