Posts by Alegria Network Administrator
The Importance of Business Information Systems
Some “tools of the trade” are specific. Carpenters need hammers. Programmers need computers. Good business information systems, however, are a critical tool for all businesses. They allow you to monitor profitability, manage inventory and products, respond to customer demands, improve financial management and provide banks, partners, investors and key stakeholders with vital and timely information.
Read MoreLaying the Groundwork for a Business Sale
Do your plans for the future include selling your small business? For the best chance of a successful outcome, you’d be smart to start preparing for the sale well in advance.
Read MorePlacing an Accurate Value on a Closely Held Business
The business you own may make up most of your net worth. When you consider the future disposal of your interest in the business — wholly or partially — it will be essential to determine an accurate value for the business.
Read MoreImplementing a Succession Plan – Using a Buy-Sell Agreement
A co-owner of a closely held family business should carefully consider what would happen to the business in the event of his or her death or the death of a co-owner. Many issues come to mind, including whether the business would be able to survive. Family members might find it necessary to liquidate the business…
Read MoreDeveloping a Business Succession Plan
Few business owners plan their exits from their businesses with as much care as they planned their entries. Just as every owner starting out needs a business plan, every owner looking to retire needs a succession plan to help transfer ownership and to achieve his or her retirement goals.
Read MoreIRC §1031 Tax Free Exchanges
Internal Revenue Code §1031, Exchange of property held for Productive use or investment, was enacted in 1921.
Read MoreTax Efficient Investing
Many employed individuals participate in a defined contribution plan sponsored by their employer, or they have an IRA, and chances are money is invested in mutual funds within those plans.
Read MorePersonal Financial Statement
Before we discuss what should be included, let’s talk about why you may need a personal financial statement and what a personal financial statement does for you.
Read MoreAffordable Care Act Individual Mandate
You have your business tax return in hand ready to sign when you notice the note on the form next to the sign here line: “Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct,…
Read MoreTop 1040 Filing Mistakes
As the tax filing deadline approaches and stress levels of taxpayers rise, it’s important to take time to reflect on common 1040 filing mistakes to help ensure that your return isn’t one with errors that slow down a refund or possibly leads to unnecessary tax being paid to the IRS.
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