What if your client cannot pay taxes? What if your client cannot pay taxes in time? As a tax advisor, you do your best to ensure your clients are not in for any unpleasant surprises when handing in their completed tax returns.… November 21, 2014
Prepayment of mortgage? For a lot of us, it makes sense to prepayment of mortgage. If there is enough cash, you can invest it in your home. No need to worry about monthly interest payments running into tens… June 12, 2014
Go Green & save costs Go green augurs well not only for the environment but for the business bottom line too as it cuts down on waste & conserves resources. A go green eco-friendly act need not be large… June 12, 2014
Public Wi-Fi networks – the malignant risks "Do not perform monetary transactions or anything sensitive on a public Wi-Fi network" – how often have we heard this advice? As they are not encrypted or password-protected, public Wi-Fi networks have significant vulnerabilities. Their… June 12, 2014
Deducting your vehicle donation If you donate your motor vehicle, boat, or airplane (vehicle donation) to a qualified charity & itemize deductions, you can generally claim a handsome charitable donation deduction on your federal tax return. The extent of… June 12, 2014
Three things to know about the FBAR FBAR is not part of a regular tax return sent to the IRS. Remember, FBAR does not cause a tax liability, but is for information reporting only. As a U.S. citizen, you may have to… June 12, 2014
Best Time to Claim Social Security Benefits The age that you begin Social Security benefits has a huge impact on the size of your monthly benefit payments. When can you claim social security benefits? By the age of 62, you will be… August 1, 2013
Pricing Billing and Collection – What Accounting Firms Can Do To Run Their Businesses More Efficiently and Effectively Accounting firms provide priceless advice to businesses. However, they often struggle to effectively run their own businesses due to inefficiencies in pricing, billing & collections. Below-par performance in these areas can lead to troubled cash… July 31, 2013
Unconventional funding avenues for small business Acquiring capital is a challenge that virtually every small business faces at some point or another. Financing a startup is not always easy, but, traditionally, entrepreneurs have relied upon small business loans to get their… January 28, 2013
Why start a business retirement plan? Starting a business retirement plan can be a complex process for small business owners in particular as they need to factor in issues such as multiple sources of retirement income, special tax considerations… December 14, 2012