Posts Tagged ‘CPA Knutson’
Rising Receivables Call For A Year-End Review
Rising business receivables can be a sign of a growing, prosperous company – or of troubles ahead. How can you know if your receivables are right-sized for your business? Start by breaking down the numbers. A report of your receivables listed by age will give you the information you need. Track the percentage of invoices…
Read MoreThe Taxing Side Of Divorce
Are you getting a divorce? Amid all the upheaval, taxes are not likely to be foremost on your mind. Yet overlooking the tax consequences can be costly. Here are some of the basics. Your filing status will change. No matter if you get your final divorce decree or separate maintenance on January 1, December 31,…
Read MoreQuestions To Ask Before Signing A Business Loan
Are you thinking of taking out a loan to buy new machinery or additional inventory for your business? Before you sign that loan document or credit application, consider the following questions before signing a business loan. What’s the true cost of borrowing? The interest rate on your business loan may be variable, fluctuating over…
Read MoreRent Or Buy? It’s A Matter Of Perspective
The buy or lease question is a common dilemma, whether you’re asking as a homeowner, or for your business. For perspective, think of the big picture. In either case, you’re paying for the exclusive use of an item over a set period of time. With that as a point of reference, the difference boils down…
Read MoreTeach Your Kids To Use Credit Cards Responsibly
No doubt you have shared the adage “if it sounds too good to be true, it probably is” with your children. That caution is wise, especially when teaching your kids how to use credit cards responsibly, because misuse of credit can have a long-term impact on financial health. The main lesson you want to impart:…
Read MoreTips To Manage Work-From-Elsewhere Employees
It’s a mobile world, and your employees may be asking to work from a location other than your office. Adapting to this request can allow you to keep quality talent and accommodate workers who may have health or other issues that make working in a traditional office difficult. But managing employees from a distance can…
Read MoreSpeak Up About Your Finances
How often do you take time to talk about your finances? Once a year while preparing your tax return? Only when a financial emergency pops up? Or are money matters a topic you avoid entirely? If discussing financial goals makes you uncomfortable, you’re certainly not alone. Surveys by a national financial company found that money…
Read MoreImprove Your Financial Well-Being With an Annual Review
You’re slogging through paperwork, gathering and organizing information to prepare your tax return. Take heart – you can make your hard work do double duty by using those same records to improve your financial well-being. Here are suggestions to get you started. Write down your financial goals. How much money will you need to meet…
Read MoreAre You Aware Of Your Healthcare Reporting Requirements?
If you’re an applicable large employer, there may be healthcare reporting requirements that will impact your business. You may be required to file a new tax form this month. Form 1095-C, Employer-Provided Health Insurance Offer and Coverage, is required for each full-time employee. The form discloses information on the group health insurance coverage you provide.…
Read MorePortability Can Simplify Estate Planning
Final IRS regulations will help married couples pass more estate assets to heirs without creating complicated trusts. The “portability” rules allow surviving spouses to retain the unused portion of a deceased husband or wife’s estate exemption – if the rules are followed. Here’s what you need to know. The estate tax exemption for 2015 is…
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