profit

Focus on Your Profit Centers

It can be a hard choice to make, but successful companies often have to make strategic decisions to "fix it or exit." In other words, every element of a business must earn its keep, be fixed or let go. Companies must have a growth and profitability…
social security

FAQs about Social Security Retirement Benefits

For years, people have questioned the long-term viability of the Social Security system. In June, the Social Security Board of Trustees released its annual report on the long-term financial status of the Social Security Trust Funds. It projects…
data

Combat All Threats to Data Security

Data protection has become an increasing challenge at many organizations. Events such as the loss or theft of customer records, the accidental forwarding of sensitive e-mails, and violations of corporate policies have pushed information-loss…
strategic plan

A Strategic Plan Should Also Include a Succession Plan

Many small businesses prepare -- and regularly update -- a strategic plan, but many overlook this important task. Whether your business falls into the "have" or a "have-not" category, The Anatomy of a Strategic Plan First, let's review…
three taxes

Three Taxes People Love to Hate

Few people enjoy giving money to the IRS, but some types of taxes are viewed more unfavorably than others. Here are three worthy candidates vying for the title of most-hated tax. Penalty Tax on Individuals without Health Insurance As you…
charitable

IRA Charitable Donations: An Alternative to Taxable Required Distributions

Are you feeling charitable? High-net-worth individuals over age 70 1/2 can replace taxable required minimum distributions from their IRAs with qualified charitable distributions. In other words, instead of paying taxes on distributions, you…
ownership

Transfer Business Ownership or Remain Boss?

For family business owners, estate planning can be a challenge. Often, most if not all of their wealth is tied up in their companies, which creates a conflict between the desire to transfer ownership to the next generation and the desire to…
education

Claiming Business Deductions for Work-Related Education Costs

In today's environment, some business owners may head back to the classroom to pursue work-related education. They may even decide to pursue a degree, such as a Masters in Business Administration. When can you deduct education costs as work-related…
trademark

Trademark Due Diligence A Mark of the Future

When it comes to structuring a successful M&A transaction, existing trademarks play an important role for both parties involved. Valuing trademark and creating a strategic vision for them can lead to success down the line. Click "Full Article"…