Tax season is over. Is hindsight really that helpful? Now you can take a sigh of relief and push any thoughts of taxes far from your mind, right? Then repeat and rinse by doing the stress-filled mad dash all over again in just under 12 months (just like you swore you wouldn’t this year) to file next year’s taxes? “Doing … Read More
STRATEGY Use it to succeed in your business
Developing strategy to succeed in business A recent survey, conducted by The High Center for Family Business at Elizabethtown College and the Pennsylvania Chamber of Business and Industry, found that 65% of family businesses do not have a strategic plan. Many businesses misuse the term strategy As leaders of businesses, we should make sure that all our efforts are not … Read More
Improve your business bookkeeping – start with your check book
Managing good business books isn’t something you should only do as a tax-saving strategy It also gives you peace of mind, ensuring you haven’t mixed up funds or miscoded data entries that require a lot of reversal work or resolution by your accountant. Here are four important reasons why maintaining a separate check book and sets of records for each … Read More
Is your business planning suffering from SPOTS Syndrome?
SPOTS Syndrome is proof that an organization’s strategic planning process is a waste of time and resources. Too many business’ strategic plans are still hit by ‘Strategic Plans On Top Shelf’ or SPOTS Syndrome. Here we look at three key areas that continue to foil strategic planning if not dealt with effectively: 1. Symptom: Conducting business-as-usual post-planning One of the … Read More
6 easy ways to prepare for April 15 next year
Many surprises could arise from now until next April 15, including life changes and new tax laws. Right now is the best time to create a system that better organizes your taxes and gets you a head start on next year’s filing. IRS offers some handy advice on how to do just that: Life events may change the amount of … Read More
Missed the April 15 tax deadline?
Pay IRS now if you still owe taxes If you still owe taxes and missed the April 15 deadline for filing and payment, you could be incurring interest and late penalties as you read this. File and pay the IRS pronto! If you file your federal tax return late and owe taxes with the return, these two main penalties could … Read More
7 strategies for growing your business
Now you want a growth plan? What could go wrong? Here are seven common areas where we regularly see mishaps when businesses try to develop and execute a growth plan: Concentrating resource. A good sales strategy looks at all available resources and concentrates them on a few carefully chosen options. Once that’s done, you can move those chosen target markets … Read More