7 Year-End Tax Arrangements to Make Before 2017

By | December 8th, 2016|Categories: Financial Investments, Small Business, Tax Information|Tags: , , , , , , , |

As the eleventh hour of 2016 comes to a close, it’s time to prepare a clean tax ledger for a new year! Regardless of what money-saving tax strategies you’ve implemented this year, you should take the time now to prepare yourself for April. If you haven’t already done so, try making these seven year-end tax arrangements [...]

How to Tell If Your Small Business Needs a Part-Time CFO

By | November 11th, 2016|Categories: Bookkeeping, Financial Investments, Small Business|Tags: , , , , , , , , |

Many small business owners are hesitant to hire someone to oversee their company's finances because they are unsure whether the benefits will outweigh the costs. While it's well known that a Chief Financial Officer (CFO) can increase a company's profits by breaking down the financial information into usable data, hiring one can cost a business anywhere [...]

Qualified Small Business Stock Exclusion

By | October 6th, 2016|Categories: Financial Investments, Small Business, Tax Information|Tags: , , , |

As the driving force in today's economy, small businesses benefit from numerous tax breaks in the tax code. One of these, the Qualified Small Business Stock (QSBS), was just made permanent, thanks to the passage of the PATH Act (Protecting Americans from Tax Hikes Act of 2015). If you're a small business investor, here's what you [...]

Cash Flow Management: the Secret to Success

By | October 3rd, 2016|Categories: Financial Investments, Small Business|Tags: , |

Cash flow is the lifeblood of any small business. Some business experts even say that a healthy cash flow is more important than your business's ability to deliver its goods and services. While that might seem counterintuitive, consider this: if you fail to satisfy a customer and lose that customer's business, you can always work harder [...]

Minimizing Tax on Mutual Fund Activities

By | June 1st, 2016|Categories: Financial Investments, Tax Information|Tags: , |

Whether you're new to mutual funds or a seasoned investor who wants to learn more, these tips will help you avoid the tax bite on mutual fund investments. First, you need to understand how distributions from mutual funds are taxed. Tax law generally treats mutual fund shareholders as if they directly owned a proportionate share of [...]

Three Most Common Budgeting Errors

By | February 15th, 2016|Categories: Financial Investments, Small Business|Tags: |

When it comes to creating a budget, it's essential to estimate your spending as realistically as possible. Here are three budget-related errors commonly made by small businesses and some tips for avoiding them. Not Setting Goals. It's almost impossible to set spending priorities without clear goals for the coming year. It's important to identify, in detail, [...]

Roth IRAs: The Basics

By | February 12th, 2016|Categories: Financial Investments, Tax Information|Tags: , , |

A Roth IRA is an individual retirement plan that with certain exceptions, is similar to a traditional IRA and subject to the rules that apply to a traditional IRA. For example, to be considered a Roth IRA, the account or annuity must be designated as a Roth IRA when it is opened. A deemed IRA can [...]