The promise of the new year lies ahead. One way to help ensure it’s a profitable one is to re-evaluate your company’s pricing strategy. You need to devise an approach that considers more than just what it cost you to produce a product or deliver a service; it also must factor in what customers want and [...]
Remember those old miner towns? They were company towns where all residents worked for the owner of the mine. Most towns didn’t even have money. They had tokens. The workers received tokens that they spent at the company general store or the company diner. The workers even lived in company housing. Even if they weren't paid [...]
A business can suffer economic damages arising from a variety of illegal conduct. Common examples include breach of contract, patent infringement and commercial negligence. If your company finds itself headed to court looking to recover lost profits, diminished business value or both, it’s important to know how the damages might be determined. What methods are commonly [...]
The dawning of 2019 means the 2018 income tax filing season will soon be upon us. After year end, it’s generally too late to take action to reduce 2018 taxes. Business owners may, therefore, want to shift their focus to assessing whether they’ll likely owe taxes or get a refund when they file their returns this [...]
A resume sets you apart from everyone else. A common theme with college graduate resumes is that most applicants list “proficient in Microsoft Word, Excel, and PowerPoint.” Instead of the generic lingo, employers like to see specifics of what you have learned within the programs and how that can apply to your career. Instead of saying [...]
Tax planning is a juggling act for business owners. You have to keep your eye on your company’s income and expenses and applicable tax breaks (especially if you own a pass-through entity). But you also must look out for your own financial future. For example, you need to develop an exit strategy so that taxes don’t [...]
The Tax Cuts and Jobs Act allows a general business credit to certain employers for paid family and medical leave. This credit can be used to reduce a taxpayer’s alternative minimum tax (AMT). For tax years 2018 and 2019, an eligible employer with an allowed written policy regarding family and medical leave can deduct between 12.5% [...]
A technician at a mobility equipment supplier was servicing the motorized wheelchair of a long-time customer and noticed it was a brand-new model. “Where did you buy the chair?” he asked the customer. “At the healthcare supply store on the other side of town,” the customer replied. The technician paused and then asked, “Well, why didn’t [...]
The thrill of earning an easy dollar has more and more people interested in gambling. Whether it be sports betting, casino trips, lottery tickets, or even a friendly poker game, chances are that most of us have placed some type of wager. While many of us are more than willing to make a bet the tax [...]
Turn on your computer or mobile device, scroll through Facebook or Twitter, or skim a business-oriented website, and you’ll likely come across the term “emerging technologies.” It has become so ubiquitous that you might be tempted to ignore it and move on to something else. That would be a mistake. In today’s competitive business landscape, your [...]
