Business Planning and Consulting

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 […]

albuquerque CPA , TAX advice

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 […]

albuquerque CPA , TAX advice

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 […]

Colorado Tax and Accounting Consultation

Higher medical costs = Fewer Malpractice Claims

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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, […]

Business Planning and Consulting

Compensation concerns

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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 […]

Colorado Tax and Accounting Consultation

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 […]