Finance

/Finance

Self Financing Can Go Bad

2019-08-03T13:06:28+00:00July 14th, 2019|Categories: Business Solutions, Business Startup, Finance, Ready to go into Business, Tax Solutions|

Seller-Financed Real Estate raises serious questions It is not uncommon for sellers to self-finance the real estate, both personal and business, that they want to sell. In many cases this may be the only way an owner can sell their property as many buyers cannot qualify for financing or the real estate will not satisfy the requirements of a lender. Also, buyers may not have the required funds for a down payment. So, how can the owner sell the property? They can carry the loan and self-finance the transaction. This means that the seller takes back a note (becomes the creditor) from the buyer to cover [...]

Budgeting-A Process that needs to be Perfected

2019-08-03T13:06:40+00:00July 13th, 2019|Categories: Business Solutions, Business Startup, Finance, Ready to go into Business|

Budgeting-Why do it? Many companies are starting, planning, and completing their budget process for the upcoming year.  Those that are not doing any of the above are simply flying by the seat of their pants, and hoping for the best.  Lack of planning allows the unexpected to cause reactions vs. being proactive and looking ahead. Budgeting is typically viewed at as planning for the future.  I take a different perspective and look at budgeting as managing the future.  Budgeting is not a once a year process but a process that is used to monitor what is expected, comparing it, to what [...]

How to save tax dollars by hiring family members

2019-08-03T13:10:28+00:00February 13th, 2019|Categories: Business Startup, Finance, Ready to go into Business, Tax Solutions|

How to save tax dollars by hiring family members Child employed by parents Payments for the services of a child under age 18 who works for his or her parent in a trade or business are not subject to social security and Medicare taxes if the trade or business is a sole proprietorship or a partnership in which each partner is a parent of the child. Refer to the “Covered services of a child” section below.  Payments for the services of a child under age 21 who works for his or her parent in a trade or business are not subject [...]

Thinking About Saving Money.. Plan Now Before the End of the Year

2019-08-03T13:13:05+00:00September 4th, 2018|Categories: Business Solutions, Finance, Tax Solutions|

THINKING ABOUT SAVING MONEY…. START PLANNING FOR YOUR TAXES NOW  Neil Pastor Shnider, RPh, MBA, CPA  The 2004 year is rapidly coming to an end.  It’s not too early to start thinking about some tax tips to help reduce your tax bill to Uncle Sam.  The best way to save money on taxes is through planning, education and having good advisors.  Hear are some thoughts. Do you want to be a hero with your favorite charity?  If so, contribute appreciated stock to the charity and you will not have to pay the capital gain tax as if you sold the stock, [...]

Calculating the REAL value of a business

2019-08-03T13:13:22+00:00August 22nd, 2018|Categories: Business Solutions, Business Startup, Finance, Ready to go into Business|

What is the real value of your company? It is interesting that when someone wants to know the value of a company the first thing they do is go to the balance sheet.  This lists the assets (what you own), liabilities (what you owe) and the difference is the equity (your ownership part of the business).  Of the assets, what the creditors do not own the stockholders, partners or individuals own.  But is this the real story?  Let’s look first at some public companies-those that sell on some sort of exchange.  As an example we can take some very popular ones [...]

Real Property and Lease Terms can cause Tax Issues

2019-08-03T13:09:28+00:00August 14th, 2018|Categories: Finance, Tax Solutions|

How leases can affect Cash Flow Rental property lease terms can cost tax dollars Folks renting new office space or commercial stores need to understand the tax implications of the terms of the contract or lease. In many cases the landlord will pay a broker to aid in finding a new tenant. Also, some landlords will provide the tenant with incentives to sign leases such as, free rent for a period, improvements (called leasehold improvements), lower rent in early years and increasing over time, or actually give tenants cash to do their own improvements. All of these wonderful incentives have serious tax implications, from [...]