Resources

While the government generally dictates how you can pay yourself with a salary or the equivalent of a salary, it also provides flexibility for you to make withdrawals.

Today companies engage the services of turnaround professionals in order to take their business to the next level, resolve cash flow problems, operations issues or to work out problems with lenders due to a lack of liquidity or, in the worst case, severe insolvency requiring restructuring.

Profit and Loss statements are nice, but at the end of the day what truly matters is cash flow. Cash is King!

‘Tis the season when employers often will provide employees with “gifts” of some type. We all know the entity in town that gives all of its employees a turkey for Thanksgiving or Christmas. While this is a wonderful gesture on the part of the employer, is it compensation to the employee?

These days, most businesses need a website to remain competitive. It’s an easy decision to set one up and maintain it. But determining the proper tax treatment for the costs involved in developing a website isn’t so easy.

Taxpayers are always looking for ways to improve their tax position by increasing deductions or credits, and there are tax provisions in place that are at least worth reviewing with your tax advisor to see if you can take advantage of that lengthy summer trip you are planning.

To calculate overtime pay for non-exempt hourly employees correctly, one should first determine a few things.

Tips and hints on excess cash management in your small business