Tag Archives | business planning

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Manage Your Working Capital

Working capital is calculated as the difference between a company’s current assets and current liabilities. For a business to thrive, working capital must be greater than zero. A positive balance enables the company to meet its short-term cash flow needs and grow. And, too much working capital can be a sign of inefficient management. As […]

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Tangible Property Repair vs. Improvement

Did you repair your business property or improve it? Repairs to tangible property, such as buildings, machinery, equipment or vehicles, can provide businesses a valuable current tax deduction — as long as the so-called repairs weren’t actually “improvements.” The costs of incidental repairs and maintenance can be immediately expensed and deducted on the current year’s […]

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Succession Planning: Separate Your Business from the Real Estate

Most businesses have a variety of physical assets, including production equipment, office furnishings, and a number of technological devices. Typically, however, your largest physical asset in the business is your real estate holdings, i.e., your building and the land it sits on. So, why should you separate your business from the real estate? Oftentimes, business […]

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4 Good KPIs for Midyear Checkup

We are halfway through the calendar year and it’s an opportune time for businesses to assess how things are going thus far. While sales may be up, there are some other good key performance indicators (KPIs) to analytically help you evaluate how well you’re doing. Here are four that can give you a solid snapshot […]

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