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Category Archives: Accounting
How healthy are your books?
I attended a presentation by Dr. Shealynn Buck called “Living Well to Lead Well”. I found a lot of similarities between what she spoke about and what Iconis Group tries to do with companies. The first thing she spoke about was the … Continue reading
Posted in Accounting
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Tax Season: Are You Prepared?
As the new tax season approaches, we all want to find ways to either postpone or better yet reduce payment of taxes. This is one of the major concerns for most of my individual clients. In this article I … Continue reading
Posted in Accounting
Tagged business owner, charitable donations, contribution, deduction, depreciation, flexible spending account, fsa, Health savings account, HSA, keogh, medical expenses, mileage, optimize, ora, plan, property, retirement, season, sep, small business, Tax, tax benefits
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Is Your Worker an Employee or Independent Contractor?
The Internal Revenue Service (IRS) has introduced a new program called the Voluntary Classification Settlement Program (VCSP). This article will briefly explain what the courts focus on in regards to worker classification. If you are still unsure about how you … Continue reading
Consider a “Fresh Start” With Your Contractors
Now, I don’t usually talk about tax stuff – I leave that to the experts – but this is big news and business owners should pay attention! Have you heard that the government is cracking down on unlawful contractor payments? Well, they … Continue reading
Home Office Deduction: Who qualifies and what can be deducted?
The job market has shown very little improvement causing many to start a small business out of their home. Limited funds make the home office choice a better solution in order to keep expenses low. The Internal Revenue Service (IRS) … Continue reading
Posted in Accounting
Tagged deduction, depreciated home value, direct expenses, expensses, home office, indirect expenses, inventory, irs, small business, Tax, unrelated expenses
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Part-time CFO a Great Option for Small Business
Need a Chief Financial Officer (CFO) for your small business, but not sure you can afford one? There’s reason to ask this question. This past year, the average salary for a CFO employed by one of the S&P 500 grew … Continue reading
Is your order-to-cash cycle too slow?
In today’s installment of my series on small business growing plains I am going to talk about the order-to-cash cycle. Do you remember your very first sale? When you first started your business, I bet you were so ecstatic about … Continue reading
U.S. Economy, Fuel Costs and Healthcare Top List of Executive Concerns, Finds Saia Survey of Small to Medium Businesses
PRESS RELEASE: JOHNS CREEK, GA – June 28, 2011 – Saia, Inc. (NASDAQ: SAIA) today announced the findings of the 2011 National Trends in Small to Medium-sized Businesses, a nationwide survey of U.S. executives on their motivations and beliefs about economic … Continue reading
Posted in Accounting
Tagged budget, Business Interruption, Going Green, Saia, Staffing
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5 Warning Signs Your Bookkeeper Doesn’t Have a Clue
Bookkeepers are a dime a dozen. In fact, anyone can open up shop, regardless of the amount of training he or she has had. Add to that, the fact that most business owners are not numbers people, along with the … Continue reading
Techniques to Easily Track Your Time
Billing by the hour is fairly common for certain industries. When I worked for a public accounting firm, I had to track my hours so the firm could bill accordingly. Now that I have my own business, I try to … Continue reading
