Construction

What is the true value of a business valuation?
Although a business valuation is important for contractors considering an ownership transition or business sale, it serves many other purposes. A valuation should be considered when seeking loans, establishing an employee stock option plan, creating a buy-sell agreement, contemplating a merger or acquisition or engaging in estate planning or gift taxation.

The Mortgage Forgiveness Debt Relief Act: Who benefits?
For months, the housing market has functioned like a person with a hangover. After a period of exhilaration, the market began stumbling around, knocking over things and people. When something as basic as housing falters, it’s no surprise that the general economy can start to sag, too. That’s why many in, or connected with, the real estate industry have been looking to Washington for legislative relief.

Workplace to war zone – and back again
We spend far more time and money preparing our military members to go to war than we do preparing them to return to civilian life. Yet the latter transition is often the more difficult one. Think what it would be like to leave your family, friends and job and go to a war zone. Not only would you say goodbye to familiar people and places, but you would leave a comfortable way of life, where you can trust that your neighbors and people on the street wish you no harm. You would go to a lawless country where many want to harm you. To survive in such an environment, you need to develop a set of “battlefield skills.” You learn to be on constant alert for danger, to seal off your emotions, to trust no one and to react to people and events instantaneously and ask questions later. Upon returning to civilian life, most people have a hard time shutting off those battlefield skills. Many have also experienced traumatic events that can trigger flashbacks, hyper-arousal, irritability and anger long afterward.

   

Federal Tax Watch Special Issue - February 2008

Congress passes economic stimulus package

Industrial Manufacturing

Cash flow forecast can help you weather rainy days
Most business owners learn very quickly that there is a big difference between profit and cash flow. This lesson is so important that a failure to grasp its business significance may lead to a failure of the business itself. First, it is important to be clear about what the term “cash” means.

Warehouse Management Systems: Better customer service and money savings
Warehouse management has become essential for manufacturing and distribution companies. Automated warehouse management systems (WMS) can help you provide better customer service while driving down the cost of maintaining your warehouses. Plus, with today’s technologies, warehouse management is affordable for businesses with as few as five employees.

Foreign trade zones can help companies with cash flow
Foreign trade zones offer companies located within their borders the ability to defer, reduce or even eliminate U.S. Customs duties on products admitted to the zone. Foreign trade zones are considered to be outside of U.S. Customs territory. Under FTZ procedures, foreign and domestic merchandise may be admitted into these zones for operations such as storage, exhibition, assembly, manufacturing and processing without being subject to formal customs entry procedures, the payment of duties or the payment of federal excise taxes.


General Business/Management Strategies

Investigating a Fraud: Verbal – and nonverbal – clues point to guilt
A properly planned interview can yield much more than simply learning about a subject’s background information. Techniques such as behavior analysis can be used to determine whether someone is being truthful or deceitful. By incorporating behavior-provoking questions during the session, the interviewer can observe and analyze verbal, as well as nonverbal, responses.

How to get promoted from middle to upper management
Ever feel stuck in the middle – middle management, that is? Have you seen people with the same – or less – seniority or qualifications than you get promoted to upper management? Do you wonder what they know that you don’t?

Firing etiquette: How to let employees go diplomatically
A poll conducted by NFI Research found that two-thirds of senior executives and managers agree that terminating an employee ranks as the single-most dreaded activity in their line of work.

Mid-Year Tax Planning for 2006

Now is an excellent time to consider steps you might take to reduce your taxes for the current year. Click here to begin your tax planning today.

Tax Rate Card

Download our new Tax Rate Card now.

   

Physician Services

Valuations

Monthly Tax Tips

July 2008
Tips for avoiding the revised Kiddie Tax rules


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