Tags |
|
|
Links |
|
|
Casual Articles - What Every Business Wants-More Sales-Less Taxes & Better Cash Flow
The 'S' Corporation is a Dinosaur
The ‘S’ corporation is a dinosaur. It has been over-rated and overused as a ‘knee-jerk’ default entity choice when in fact its usefulness is limited to specific circumstances. Many well-meaning advisers have for years urged their clients to use the ‘S’ corporation based upon outdated case law or cocktail party conversations that were a poor substitute for continuing education. As a practical matter, the ‘S’ corporation’s utility is severely limited, primarily because it restricts flexibility, ownership choices, tax savings and liability protection.The LLC is usually a better choice. Here’s why. Limited Liability Companies (‘LLCs’) do not burden you with the same formalities required of corporations under state law in most case. Failure of corporations to observe specific formalities can easily result in ‘piercing the corporate veil’, making the owners personally liable;LLCs do not have the severe Ownership Restrictions that ‘S’ Corporations do. This allows LLCs much better flexibility in planning for Asset Protection. Thus unlike ‘S’ corporations, LLCs can be owned by Limited Partnerships and trusts that are not likely to be pierced in a lawsuit;Tax court cases in the 21st Century have undermined the old argument that anything paid in excess of salary or bonus is a ‘dividend’ not subject to self-employment social security or Medicare taxes. In 2001 the court ruled all payments made to a sole officer were fully subject to self-employment taxes since it held that the payments were wages and not distributions of net income. In 2002 the same conclusion was reached when a professional accounting corporation was before the Tax Court.‘S’ corporations must a
ng sales doesn’t have to be a hard task. If you understand the fundamentals, willing to listen and prepared to answer questions then youThe ‘S’ corporation is a dinosaur. It has been over-rated and overused as a ‘knee-jerk’ default entity choice when in fact its usefulness is limited to specific circumstances. Many well-meaning advisers have for years urged their clients to use the ‘S’ corporation based upon outdated case law or cocktail party conversations that were a poor substitute for continuing education. As a practical matter, the ‘S’ corporation’s utility is severely limited, primarily because it restricts flexibility, ownership choices, tax savings and liability protection.The LLC is usually a better choice. Here’s why. Limited Liability Companies (‘LLCs’) do not burden you with the same formalities required of corporations under state law in most case. Failure of corporations to observe specific formalities can easily result in ‘piercing the corporate veil’, making the owners personally liable;LLCs do not have the severe Ownership Restrictions that ‘S’ Corporations do. This allows LLCs much better flexibility in planning for Asset Protection. Thus unlike ‘S’ corporations, LLCs can be owned by Limited Partnerships and trusts that are not likely to be pierced in a lawsuit;Tax court cases in the 21st Century have undermined the old argument that anything paid in excess of salary or bonus is a ‘dividend’ not subject to self-employment social security or Medicare taxes. In 2001 the court ruled all payments made to a sole officer were fully subject to self-employment taxes since it held that the payments were wages and not distributions of net income. In 2002 the same conclusion was reached when a professional accounting corporation was before the Tax Court.‘S’ corporations must a
Set the Rules to Win the Game of Business
To win any game, you must know the rules. Then, you must play by those rules all while improving your skill-set and performance within those boundaries. This is true for every game – sports or otherwise -- we play. In fact, rules are in effect even if we don’t know them – and the consequences can be swift and harsh if we break them.Not so true in the “game” of business.Business is the only game in life where YOU can set the rules. You can structure your business to fulfill your guidelines, goals and outcomes. As a matter of fact, if you structure your business based on other people’s rules, you’re guaranteed to fall short of your potential (on the low end) and fail (worst case scenario). Why? Because other people have set the rules to based on their strengths, not yours.Success in business begins with deciding the game you want to play, and how you want to play it. Personal fulfillment starts with consciously deciding things like what positions you’ll personally fill on the business team, and what you’ll outsource.Try “I’ll do it my way.”Too many business folks mistakenly believe “its always been done this way” is the best way to run their businesses. That type of approach will only get you the same results the other guy is getting (and how’s he doing anyway? Average? Below average?)I see this mindset in every industry. Look at what the majority of other business owners are doing in your industry, and listen to how much they complain or blame things on outside influences (like “the economy”). The solution is would be to put a new set of rules in place and re-engineer how they run their business – starting with what would work best for them, in that moment, based on their vi
What does every business want? Does every business want to increase sales, reduce taxes, and create a better cash flow? Or is that only what successful businesses want?To win any game, you must know the rules. Then, you must play by those rules all while improving your skill-set and performance within those boundaries. This is true for every game – sports or otherwise -- we play. In fact, rules are in effect even if we don’t know them – and the consequences can be swift and harsh if we break them.Not so true in the “game” of business.Business is the only game in life where YOU can set the rules. You can structure your business to fulfill your guidelines, goals and outcomes. As a matter of fact, if you structure your business based on other people’s rules, you’re guaranteed to fall short of your potential (on the low end) and fail (worst case scenario). Why? Because other people have set the rules to based on their strengths, not yours.Success in business begins with deciding the game you want to play, and how you want to play it. Personal fulfillment starts with consciously deciding things like what positions you’ll personally fill on the business team, and what you’ll outsource.Try “I’ll do it my way.”Too many business folks mistakenly believe “its always been done this way” is the best way to run their businesses. That type of approach will only get you the same results the other guy is getting (and how’s he doing anyway? Average? Below average?)I see this mindset in every industry. Look at what the majority of other business owners are doing in your industry, and listen to how much they complain or blame things on outside influences (like “the economy”). The solution is would be to put a new set of rules in place and re-engineer how they run their business – starting with what would work best for them, in that moment, based on their vi
I'll tell you what every business do want. CASH, CASH, CASH!!!! It doesn't matter if the business is doing well or struggling. They both have something in common. Each business wants or needs more money.
By reading this article you will learn how to increase sales, reduces taxes, and create a better cash flow year after year.
Increasing Sales
Increasing sales doesn’t have to be a hard task. If you understand the fundamentals, willing to listen and prepared to answer questions then you
Contractor Estimating - What They Need To Know
There are many different types of contractors. Each type has specific guidelines that they must follow.In the construction industry, the guidelines can be very strict. In today busy world, those who are in the market for a contractor do not want to take any chances of hiring someone that is not properly trained. They prefer to hire someone who has a degree in one of five different fields. These fields are building construction, construction science, construction management, architecture or engineering.Many construction estimators who work in the contractor-estimating field have extensive experience in construction this knowledge comes from working in the construction industry for many years.Most consumers have little knowledge of the construction industry. Those who do have some knowledge of areas of construction such as heavy construction, masonry work, and electrical or plumbing applications find that they have an edge on everyone else.Contract estimating is a highly focused industry. The person estimating the contract must have knowledge and experience in the industry that they are estimating. In the construction industry, employers feel much more secure if the contract estimator has a degree in the construction industry and multiple estimating techniques.The contract estimator may visit the site where the construction is to begin to determine how much material will be needed and how many laborers will be hired. This method is call a quantity survey in which the estimator will complete many different standard forms with dimensions of the project, total number of units that will be needed, and all of the information needed to create an accurate estimate.A cost estimator i
what successful businesses want?There are many different types of contractors. Each type has specific guidelines that they must follow.In the construction industry, the guidelines can be very strict. In today busy world, those who are in the market for a contractor do not want to take any chances of hiring someone that is not properly trained. They prefer to hire someone who has a degree in one of five different fields. These fields are building construction, construction science, construction management, architecture or engineering.Many construction estimators who work in the contractor-estimating field have extensive experience in construction this knowledge comes from working in the construction industry for many years.Most consumers have little knowledge of the construction industry. Those who do have some knowledge of areas of construction such as heavy construction, masonry work, and electrical or plumbing applications find that they have an edge on everyone else.Contract estimating is a highly focused industry. The person estimating the contract must have knowledge and experience in the industry that they are estimating. In the construction industry, employers feel much more secure if the contract estimator has a degree in the construction industry and multiple estimating techniques.The contract estimator may visit the site where the construction is to begin to determine how much material will be needed and how many laborers will be hired. This method is call a quantity survey in which the estimator will complete many different standard forms with dimensions of the project, total number of units that will be needed, and all of the information needed to create an accurate estimate.A cost estimator i
I'll tell you what every business do want. CASH, CASH, CASH!!!! It doesn't matter if the business is doing well or struggling. They both have something in common. Each business wants or needs more money.
By reading this article you will learn how to increase sales, reduces taxes, and create a better cash flow year after year.
Increasing Sales
Increasing sales doesn’t have to be a hard task. If you understand the fundamentals, willing to listen and prepared to answer questions then you
Grow Your Cleaning Business By Creating a Referral Machine
One of the fastest ways to grow your cleaning business is to get referrals from your current customers. There may be times when a customer will pass your company's name along without any prompting from you. However, to really get your clients to work for you, it's important to encourage referrals. You do this by developing and implementing a business generating strategy.A business generating strategy may sound complicated, but it's really quite simple. All you need to do is set up a system to track where referrals come from, and then reward the individuals (including your own employees) or companies that have sent new business your way.Before you begin actively seeking referrals, take a look at your clients and make sure that they are happy with your services. If you're not sure how they feel about your cleaning services, send out a customer survey to see what areas they are happy with and where you might need improvement. There are also a few simple, but often neglected rules of courtesy that you should adhere to:* Make sure that you show up on time to clean buildings. If you are delayed for some reason, explain why you were late to your customer.* Take care of any complaints quickly.* Do what you say you are going to do - whether it is dropping off supplies or showing up for a meeting with a customer. And remember, whenever you are meeting with a customer, turn off your cell phone!* Always remember to say please and thank you.You may provide the best cleaning service in your part of the country, but what your customer will remember is that one time you had a meeting and your cell phone went off or the time a complaint went unanswered.Once you are happy with
is doing well or struggling. They both have something in common. Each business wants or needs more money.One of the fastest ways to grow your cleaning business is to get referrals from your current customers. There may be times when a customer will pass your company's name along without any prompting from you. However, to really get your clients to work for you, it's important to encourage referrals. You do this by developing and implementing a business generating strategy.A business generating strategy may sound complicated, but it's really quite simple. All you need to do is set up a system to track where referrals come from, and then reward the individuals (including your own employees) or companies that have sent new business your way.Before you begin actively seeking referrals, take a look at your clients and make sure that they are happy with your services. If you're not sure how they feel about your cleaning services, send out a customer survey to see what areas they are happy with and where you might need improvement. There are also a few simple, but often neglected rules of courtesy that you should adhere to:* Make sure that you show up on time to clean buildings. If you are delayed for some reason, explain why you were late to your customer.* Take care of any complaints quickly.* Do what you say you are going to do - whether it is dropping off supplies or showing up for a meeting with a customer. And remember, whenever you are meeting with a customer, turn off your cell phone!* Always remember to say please and thank you.You may provide the best cleaning service in your part of the country, but what your customer will remember is that one time you had a meeting and your cell phone went off or the time a complaint went unanswered.Once you are happy with
By reading this article you will learn how to increase sales, reduces taxes, and create a better cash flow year after year.
Increasing Sales
Increasing sales doesn’t have to be a hard task. If you understand the fundamentals, willing to listen and prepared to answer questions then you
Cartesis Business Performance Management Solutions
Most financial executives use some form of rolling forecast to guide their financial planning and budgeting efforts, but do so in rudimentary fashion, employing mostly manual business performance management processes and spreadsheets that inevitably fail to deliver the accuracy and manageability they are seeking. A recent survey of more than 320 senior finance executives in North America and Europe showed that over 68% of companies have developed and deployed rolling forecasts. However, most of these executives still feel they need to improve the accuracy of their financial forecasts as well as the time it takes them to produce these forecasts. The study, conducted in September 2006 by CFO Research Services (Boston, MA) and Cartesis also showed that: Companies need better forecasting methods, which solutions such as Cartesis Business Performance Management software can provide. These solutions allow the expanded use of operational drivers, better what-if scenario creation and increased collaboration throughout the forecasting process Finance executives — hampered by a shortage of time and resources — endorse an incremental approach to changes in their forecasting technology and business processes Forecasting With a Moving Horizon The manner in which a company forecasts its financial and operational activities is a key factor in how efficiently and effectively that company can allocate its resources, make investments, guide shareholders and achieve and measure results. Finance executives in the survey agreed that better forecasting would lead to tangible benefits, such as reduced risk and increased profitability.you will learn how to increase sales, reduces taxes, and create a better cash flow year after year.
Most financial executives use some form of rolling forecast to guide their financial planning and budgeting efforts, but do so in rudimentary fashion, employing mostly manual business performance management processes and spreadsheets that inevitably fail to deliver the accuracy and manageability they are seeking. A recent survey of more than 320 senior finance executives in North America and Europe showed that over 68% of companies have developed and deployed rolling forecasts. However, most of these executives still feel they need to improve the accuracy of their financial forecasts as well as the time it takes them to produce these forecasts. The study, conducted in September 2006 by CFO Research Services (Boston, MA) and Cartesis also showed that: Companies need better forecasting methods, which solutions such as Cartesis Business Performance Management software can provide. These solutions allow the expanded use of operational drivers, better what-if scenario creation and increased collaboration throughout the forecasting process Finance executives — hampered by a shortage of time and resources — endorse an incremental approach to changes in their forecasting technology and business processes Forecasting With a Moving Horizon The manner in which a company forecasts its financial and operational activities is a key factor in how efficiently and effectively that company can allocate its resources, make investments, guide shareholders and achieve and measure results. Finance executives in the survey agreed that better forecasting would lead to tangible benefits, such as reduced risk and increased profitability.
Increasing Sales
Increasing sales doesn’t have to be a hard task. If you understand the fundamentals, willing to listen and prepared to answer questions then you
Philosophies for Business Success
I have always been intrigued at how much some prominent business people have accomplished in their lifetime. From rags to riches these people overcame the odds to be powerhouse individuals. Society will line up to meet and listen to these individuals. And what they talk about seems to be like gold. But what got these people to the statute. What philosophies do these people live by that has held strong to carry them into the success that they enjoy? Well, I was able to find the philosophy that Corey Rudl (rest in peace) of marketingtips.com used for his life journey.Corey Rudl for what I know about him was one of these people who started out with nothing and built a huge affiliate marketing, ebook business. It was said that he was pulling in millions of dollars a year. No, I don’t have exact figures. But it is astonishing that Corey kept the same vision and focus for the tenure of his career. That focus took him to greatness.Corey Rudl philosophy is a great road map for success. It accompanies 5 very simple philosophies. 1. Choose success 2. Test something new today 3. Make opportunities to learn 4. Seek out great teachers 5. Define your goals, and take action to reach them These five philosophies bring about focus and provide a road map to success. Lets take a look at each one.Choose Success You have to choose to want to succeed. That entails planting seeds of success everyday. Choosing success means taking action. Not just talking about what you always wanted to do but actually taking time out of your schedule and pursuing your dream. It does not mean sitting down and falling asleep on the couch every day. Success does not come by accident.
ng sales doesn’t have to be a hard task. If you understand the fundamentals, willing to listen and prepared to answer questions then you are on you way to success.I have always been intrigued at how much some prominent business people have accomplished in their lifetime. From rags to riches these people overcame the odds to be powerhouse individuals. Society will line up to meet and listen to these individuals. And what they talk about seems to be like gold. But what got these people to the statute. What philosophies do these people live by that has held strong to carry them into the success that they enjoy? Well, I was able to find the philosophy that Corey Rudl (rest in peace) of marketingtips.com used for his life journey.Corey Rudl for what I know about him was one of these people who started out with nothing and built a huge affiliate marketing, ebook business. It was said that he was pulling in millions of dollars a year. No, I don’t have exact figures. But it is astonishing that Corey kept the same vision and focus for the tenure of his career. That focus took him to greatness.Corey Rudl philosophy is a great road map for success. It accompanies 5 very simple philosophies. 1. Choose success 2. Test something new today 3. Make opportunities to learn 4. Seek out great teachers 5. Define your goals, and take action to reach them These five philosophies bring about focus and provide a road map to success. Lets take a look at each one.Choose Success You have to choose to want to succeed. That entails planting seeds of success everyday. Choosing success means taking action. Not just talking about what you always wanted to do but actually taking time out of your schedule and pursuing your dream. It does not mean sitting down and falling asleep on the couch every day. Success does not come by accident.
Every business owner knows their business can’t survive without sales. Wonder why this is a question that is always asked by my clients: “How can I increase sales?” You may find yourself as a business owner asking this question too.
Well like I tell my clients, understanding these three steps: Showing you’re an expert, seeing from your customer’s point of view and having an accountant. Is a great way to jumpstart immediate sales and keep your customers coming back.
Showing you’re an expert is eas
HTTP = HTML link (for blogs, profiles,phorums):
<a href="http://www.casualarticles.com/article/1365/casualarticles-What-Every-Business-WantsMore-SalesLess-Taxes--Better-Cash-Flow.html">What Every Business Wants-More Sales-Less Taxes & Better Cash Flow</a>
BB link (for phorums):
[url=http://www.casualarticles.com/article/1365/casualarticles-What-Every-Business-WantsMore-SalesLess-Taxes--Better-Cash-Flow.html]What Every Business Wants-More Sales-Less Taxes & Better Cash Flow[/url]
Related Articles:
How To Increase Your Online Business And Destroy Your Competition...
Another Year Hating Your Job or Loving Life
Bookmark it:
|