One Minute Business Advisor Archives

Tax Strategies for Subcontractors

With the individual tax rate increases starting in 2013, now is a good time take advantage of the many deductions and credits available. In addition to the tax rate increases in the American Taxpayer Relief Act of 2012 (ATRA) there are also two new taxes arising out of the 2010 healthcare reform legislation known as… Read More →

Mobile Work Styles and Cloud Services

The workplace is rapidly evolving. Today, most of us demand the flexibility to work from wherever, whenever and on whatever device. “Keeping up with the times” doesn’t necessarily translate into having to work faster. It is all about getting information faster – available when and where you need. But, how do we get there? Many… Read More →

Long term Space Needs? Companies Should Consider Buying

When the real estate market crashed in the late 2000s, a myriad of large companies approached their exiting landlords with the goal of lowering their rental rates. “Blend and extend” became a common theme in the real estate world: companies trading longer lease terms for lower rent in the short run. However, not all large… Read More →

What the Tangible Property Regulations Mean for Your Business

The IRS has issued final rules on the capitalization and deduction of costs incurred to acquire, maintain, repair and replace tangible property.  The IRS also issued new proposed rules pertaining to the disposition of tangible property.  These rules will impact taxpayers that acquire, produce, or improve real or personal property.  In addition, there are rules… Read More →

Trends in Healthcare Medical Group Practice – Bigger Can Be Better and Smarter

With ongoing consolidations and mergers in the healthcare industry, and the inherent benefits that those mergers can provide, physician practice leaders may be tempted to aggressively enter into a transaction without performing the requisite due diligence. Thorough due diligence doesn’t just identify “red flags” that could jeopardize a transaction. It also uncovers opportunities to create… Read More →

Three Pillars for Employee Success

Every company needs 3 pillars to be successful with their employees. First are accountabilities: individuals within an organization need to know what they and other team members are responsible for. The second pillar is process: they need to know how things get done and where their accountabilities are within the process. The third, and most… Read More →

IMMIGRATION AUDITS CONTINUE TO RISE

In the last decades, Immigrations and Customs Enforcement (ICE) has increased the number of I-9 audits; rising from almost none, to 3 in 2004, to 500 in 2008 and 3,004 in 2012. Employers need to take notice. Fines for violations of the Immigration Reform and Control Act (IRCA) can add up quickly. For willful violations,… Read More →

ENSURING PROPER PROTECTION FOR VALUABLE WINE COLLECTIONS

If you know the difference between Cote de Nuits and Cote du Rhone chances are you’re a wine enthusiast. If you store your wine in bond, you’ve transferred the responsibility for insuring your collection to your supplier. If your prized wines are at home, it’s imperative to review your coverage. According to 3 of the… Read More →

HEALTHCARE REFORM: Deadline for Employers to Provide Exchange Notice

The deadline for employers to distribute the Exchange Notice to employees is Oct. 1, 2013. Additionally, employers are required to provide the notice to each new employee hired on or after Oct. 1, 2013, no later than 14 days after the employee’s start date. The notice must be distributed regardless of whether the employee is… Read More →

Cash Flow Strategies For Contractors

As the construction market continues its slow recovery, now is a good time to review your cash flow strategies. Questions to consider: How much bad debt can my company absorb before having a critical impact on my balance sheet and cash flows? Who bears the risk of non-payment by the ultimate project owner? Do I… Read More →

Keeping Your Secrets, Secret

A properly populated customer list is the life blood of many businesses. The Arizona Court of Appeals recently reminded us that simply calling your list a “trade secret” is not enough to make it so. Rather, two things must occur. First, the list must contain information that is not generally known or readily ascertainable in… Read More →

Pending Favorable Legislation For Investors In Renewable Energy

Despite significant investments in renewable energy technologies in the US, manufacturing and deployment of renewable energy has lagged relative to the size of the US economy according to the recently released “Who’s Winning the Clean Energy Race 2012,” published by The Pew Charitable Trust. In an effort to spur investment, bipartisan legislation was recently re-introduced… Read More →

What Tax-Free Municipal Bonds Mean For Business

Tax exempt municipal bonds are a financing mechanism that has existed since the income tax was initiated in 1913. In the last ten years nearly $2 trillion of schools, bridges and highways have been built using tax exempt bonds. Seventy-five percent of this country’s infrastructure is financed using these bonds, including building and maintaining business… Read More →

Impact Of Affordable Care Act On Small Businesses

The intent of the Affordable Care Act is to cover more individuals by making coverage more accessible to everyone, not necessarily to reduce costs. Current studies indicate small employers could pay up to 18 percent more for health insurance coverage than large companies which discourages small business from purchasing coverage today. Overall costs of a company’s… Read More →