How to Inject Cash Into Your Business

Tax break for qualified small business stock Does your small business need a quick cash transfusion? One idea is to acquire more stock yourself or issue stock that is available to outside investors. Fortunately, the new tax law signed late last year—the Protecting Americans from Tax Hikes (PATH) Act—restores a big tax incentive for investing
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IRS ANNOUNCES ACA FILING DEADLINE EXTENSIONS

The IRS recently announced extensions in regards to the filing and provision deadlines of the Affordable Care Act (ACA) required forms. Employers have until March 31 to provide 1095-B and 1095-C forms to their employees Employers filing on paper with fewer than 250 employees have until May 31 to provide 1095-B and 1095-C forms and
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Mapping Out Deductions for Business Travel

How to maximize the tax benefits of business trips Are you planning a business trip to a distant city? If the destination is known for its cultural attractions or recreational activities, you might want to combine your business with a little pleasure. In fact, this could be a chance to get away after the children
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Proposed DOL Rules May Make Millions Eligible For Overtime Pay

In his 2015 state of the Union Address, President Obama said employees should be paid for the overtime they work.  He then instructed the Department of Labor (DOL) to review and amend the overtime rules. On June 30, the DOL proposed significant changes to the federal overtime rules that exist today.  Today overtime pay is
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Raise the Bar on Your Financial Reporting in 2015

Are you a small business owner and the financial information you work with is always historical and outdated?  Do you compare your financial results to your historical statements?  This is commonplace for small businesses but makes it difficult to effectively manage your business and reach your goals.  Here are a few priorities to improve financial
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Seven Top Employment Issues in 2015

New developments in the business sector Businesses both large and small face numerous challenges these days, ranging from technology to tax considerations to exposure to litigation over employment laws. What are the main issues in 2015? Here are seven likely to grab your attention: 1. Health care law. Most provisions of the controversial Patient Protection
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Understanding Contract Costs

Too many times I hear from contractors that they don’t understand why they aren’t making more MONEY!  They are always busy, and have a great track record for winning bids.  They also show a great profit margin on their open job schedules.  But when I ask what their indirect allocation rate, or overhead rate is,
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Best Practices to Grow Your Small Business

I have worked with many small and medium sized businesses over the years. My most successful clients have some best practices in common. Here are a few that could help you to advance your business.   Have a short and long-term plan. Understand where you want your company to be in the next 1 to
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A Tax Break that is Actually Free

Tax credits and incentives usually come at a cost that is tied to some kind of increased spending for the taxpayer.  However, there is a tax incentive for “manufacturer’s” that is free. It’s referred to as the Section 199 deduction (referring to the section of the Internal Revenue Code where the deduction is explained) and
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