by mariettacp | Jul 9, 2013 | Money Tips
One of the most common mistakes made by business owners is in the area of pricing. Many entrepreneurs depend on lower prices to bring them more customers. And while there are businesses who have successfully implemented this strategy, the problem is that it’s a...
by mariettacp | Jul 8, 2013 | Money Tips
One way to kill your business is to grow it too fast. Many profitable small businesses have expanded at the wrong time and at the wrong level of increased costs. The result is that they never again make a profit. How does this happen? A given amount of building,...
by mariettacp | Jul 3, 2013 | Money Tips
Do you regularly monitor your company’s cash accounts? You should. Even if you leave the job to your bookkeeper or accountant, you should stay aware of where the cash is going and how the spending is approved. Along with inventory “shrinkage,” theft...
by mariettacp | Jun 26, 2013 | Money Tips, Tax Preparation, Tax Tips
Who’s on your team? No, not your sports or reality-show dancing team, your business team, that group of professional advisors who are ready and willing to help you tackle tough financial decisions. Those decisions can have an effect on your taxes this year as...
by mariettacp | Jun 24, 2013 | Money Tips, Tax Planning, Tax Preparation, Tax Tips
Many people have paid for credit life insurance without understanding what it is or how expensive it can be. If you borrow money for any purpose, your loan payment may include a premium for credit life insurance. Moneylenders such as banks, retailers, auto dealers,...
by mariettacp | Jun 20, 2013 | Money Tips, Tax Preparation
If you’re a business owner and your company lends you money, you’ll enter it in the books as a shareholder loan. However, if your return is audited, the IRS will scrutinize the loan to see whether it is really disguised wages or a dividend, taxable to you...
