Restructuring Debt as a Business Strategy
Many businesses are facing the financial effects of the pandemic. The loss of clients and decreased cash flow have forced businesses to make some hard choices that involve restructuring debt …
Business Deductions: A Quick Review
You have lots of expenses when running a business. Are any of them deductible? To begin with, a deductible business expense must be both ordinary and necessary. An ordinary business …
Seasonal Employment: Laws and Best Practices
Seasonal employment is commonplace in service-oriented industries such as retail and hospitality, where business tends to spike during certain times of the year. Other employers can utilize seasonal employment as …
Tax Rules for Handling Large Cash Payments
The Internal Revenue Service is reminding businesses of their responsibility to file Form 8300, Report of Cash Payments Over $10,000, and encourages e-filing to help them file accurate, complete forms. Although many …
Worried About Fraud in Your Business?
Whether you’re concerned about external or internal fraud, you can only do so much to prevent and control it. The situation, however, is not as dire as it may sound. …
Balance Sheets and Property Profitability for Brokers
Owning a real estate business comes with a host of responsibilities, including understanding your balance sheet. A company’s balance sheet reports a company’s assets, its liabilities and shareholders’ equity at …