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Business Finance

New Health Laws Yield New Tax Forms- Part 2

January 26, 2015

If you received subsidies in 2014 to reduce the cost of health care from the marketplace, you should receive Form 1095-A. Form 1095-A shows the tax credits the insurer received on your behalf.  You should receive this form by January 31. This document must be received in order to complete your 2014 tax return.  If […]

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Business Car? Check out these 2 deductions!

September 4, 2012

If your car is used for business purposes, whether you are self-employed or an employee, you can get the benefit of tax deductions.   You have 2 choices for claiming deductions on a business car:   You can deduct the actual business-related costs of gas, oil, lubrication, repairs, tires, supplies, parking, tolls, drivers’ salaries, and […]

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A 5 Part Series on Business Plans: Part 5- Supporting Documents

August 7, 2012

Lenders will want to see documentation that supports all of your information.  There are many types of documents that can be included, but there are several that are considered to be the most common. Personal resumes  should be included for all owners and anyone in management. Each resume should be a one-page document that includes […]

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A 5 Part Series on Business Plans: Part 4- The Financial Plan

July 31, 2012

Note: This portion of the business plan should not be completed until the organizational and marketing plans have been completed. The financial plan is the analysis of measurable figures for a business plan.  The organzational and marketing plans are put together and from this we calculate the projected financing Ã‚ costs. The following two pieces of information need to […]

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A 5 Part Series on Business Plans: Part 3- A Marketing Plan

July 17, 2012

An effective marketing plan will address the details of sales, advertising, PR campaigns, and market analysis.  Keep in mind that a plan in this technology age should include online strategies as well as  traditional strategies. Who will be responsible for your in-house marketing, and who will you use for outsourced marketing campaigns? Identify your target market and […]

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A 5 Part Series on Business Plans: Part 2- The Organizational Plan

July 3, 2012

We have previously discussed the importance of every business having a good business plan. This plan is of particular importance if you, the business owner, are looking for any type of financing and/or investors.  The focus of the last blog was the summary and what information to include in the summary.  Today we will focus on […]

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A 5 Part Series on Business Plans: Part I- The Summary

June 19, 2012

I want you to try and remember back to your days in junior high, high school and, if you attended, college. One of the things you probably dreaded most was a research paper. Do you remember doing all the reading and researching?  Writing and corrections?  The outline? In my last blog, we discussed the importance of having a business plan […]

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Bad Debts and Accounts Receivable

May 24, 2012

Two things happen when you, a seller, offer credit to your vendors or customers: you raise your potential to increase revenue or you increase your chances for potential loss.  By extending credit, your buyers will appreciate the convenience, as well as the ability to pay the debt at a later date.  On the flip side of this appreciation, is that some of […]

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Are You a Do-It-Yourself Accountant?

December 20, 2011

Hopefully, you had a chance to think about the information I posted last week. If you have are doing your own business bookkeeping and you don’t have an accounting degree, perhaps you realize that you’ve bitten off more than you can chew. Clients frequently tell us they thought they could figure out how to do their […]

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