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Given the number of natural disasters that have occurred in our country (and the world) in the past year, it seems timely to discuss federal tax relief options available to individuals and businesses who reside or work in federally declared disaster areas.  The President must declare a county or municipality as a Federal Disaster Area…

In this economy, businesses need to get more efficient and creative about ways to pump up their cash flow.  Here are some suggestions to help you get inspired to think of new ways to improve your bottom line.  The first ideas were presented in Parts 1 and 2.  Now for some more in the final…

The IRS recently moved up the deadline for filing partnership and trust returns, typically known as “pass-through” returns.  Those returns used to be due by October 15th, however the deadline was moved earlier to give partners and beneficiaries more time to get their extended tax returns done after receiving their K-1 schedules from the pass-through…

In this economy, businesses need to get more efficient and creative about ways to pump up their cash flow.  Here are some suggestions to help you get inspired to think of new ways to improve your bottom line.  The first 3 ideas were presented in Part 1.  Now for some more: 4.    Consider different ways…

In this economy, businesses need to get more efficient and creative about ways to pump up their cash flow.  Here are some suggestions to help you get inspired to think of new ways to improve your bottom line. 1.    Increase customer throughput One of the best ways to better your business is to increase revenues. …

Recognizing increased gasoline prices, the IRS has adjusted certain standard mileage rates effective July 1, 2011 as below: Business travel: increase to 55.5/mile effective 7/1/11 (for prior period 1/1/11-6/30/11 still need to use 51 cents/mile) Medical and moving: increase to 23.5 cents/mile effective 7/1/11 (for prior period 1/1/11-6/30/11 still need to use 19 cents/mile) Charitable…

So you’ve decided to finally take the step of starting your own business.  But startup costs are a lot, so many of us turns to using our homes as the base of operations.  Heck, it’s cheap.  Afterall you don’t need to a whole lot of extra money to set up shop in the den, spare…

Have you ever noticed that when you get things right in your business, other opportunities start arriving, with almost no effort on your part? It’s all about momentum. Other people—potential employees, prospects, vendors—naturally want to be part of a good thing, so they flock when your business is growing. In interviewing many successful entrepreneurs over…

The tale of American manufacturing has long been one of woeful decline. Just about a year ago, China replaced the U.S. as the world’s No. 1 maker of things, and that seemed a sure sign that the glory days had faded for good. But all of a sudden the talk is of a “manufacturing renaissance,”…