covid 19

Covid 19 Relief Fund Infomation and Help

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This is a comprehensive guideline for the COVID-19 Disaster government assistance programs. Not all details have been announced and we are providing the information that has become available to us through many sources. Changes may be coming in the next few days; these items are based upon an 880-page bill that will require interpretation and […]

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 […]

Business Planning and Consulting

Growth Strategies for Business

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5 growth strategies for today’s business Grow or die: the mantra that is never lost on a businessman. While profit should be the main motivation to a business, it’s a safe to say that nearly every business owner wants his or her company to grow.   The question is: How do you grow? Here are […]

Uncategorized

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 […]

Tax

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 […]

Business Taxes

Document!

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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 […]

Personal Finances

Day Trader Status

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Tax impact of investor vs. trader status If you invest, whether you’re considered an investor or a trader can have a significant impact on your tax bill. Do you know the difference? Investors Most people who trade stocks are classified as investors for tax purposes. This means any net gains are treated as capital gains […]

Business Planning and Consulting

Using your Dashboard

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Speed up business decisions with dashboard reports Would you drive a car without a functional dashboard? Perhaps once a month someone could tell you how fast you were going and how much fuel you had left. Sound good? Probably not. Yet this is how many business owners run their companies. The good news is there’s […]

Tax

Are mileage awards ever taxable?

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Are frequent flyer miles ever taxable? If you recently redeemed frequent flyer miles to treat the family to a fun summer vacation or to take your spouse on a romantic getaway, you might assume that there are no tax implications involved. And you’re probably right — but there is a chance your miles could be […]