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Your Table is Waiting!
If you are considering opening a restaurant, there are many ways to leverage the current economic climate and its repercussions on the marketplace to work to your advantage. Allow me to share with you some of the advantages there are and then a couple of important things to consider. Leveraging the Marketplace Commercial Real Estate […]
Not-for Profit Accounting Solutions: What You Need to Know
Reducing costs, while increasing operational efficiencies and insights, are key operational goals for not-for profits today. Improving the not-for profit’s accounting software is one way to achieve this.
Until recently, the conventional wisdom was that only software packages designed specifically for the not-for profit market could adequately meet the specialized needs of tax-exempt organizations. Today’s advances in technology provide multiple choices.
Avoiding “The Boot” And Other Tax Surprises
Many tax rules are designed to be simple and easy to understand, but real estate activities are not always the same. Many of these transactions can create tax surprises if you do not plan ahead to review how taxes apply to your situation. Here are five common tax traps and surprises to avoid that often occur with our real estate clients.
Gift Card Crazy
I recently reviewed the stack of gift cards on my desk. In my case, the gift cards were predominantly from restaurants and I felt compelled to take advantage of using them by making a dinner date with my wife and friends. And of course, because I am an accountant, this got me thinking about the financial benefits for any company that issues a gift card. But for restaurants in particular, gift cards can assist in increasing cash flow and profitability.
Helping Your Donors Help You
If you are a not-for profit organization, you should know that the tax law that was passed in late December 2010, Congress temporarily reinstated a provision allowing taxpayers receiving taxable IRA distributions to make donations of up to $100,000 to their favorite charity. The great thing about this tax provision is that the donor does not have to include the gift as income.
Let Me Look into My Crystal Ball
I think many of us may have a snappy little response in mind for professional questions we tend to be asked over and over again. As a real estate practitioner I am often asked(though seems like always) , “When is the market going to recover?” Or, alternatively, “Have we hit bottom?”
Payroll Tax Happy Hour!
Kompai! Prosit! Na Zdrowie! Cheers! No matter how you say it, there is plenty to raise your glass about. The new tax law passed by Congress and signed by the President at the end of December provided for, amongst other nuggets, a payroll tax cut. Let me give you yet another excuse to raise your glass in toast by telling you how this will benefit us as taxpayers.
Get S.M.A.R.T!
Every not-for profit organization starts our the year with new goals, hopes, dreams and expectations of greatness.
Did your organization's year start out this way? So how’s that going for you? Everything you thought it would be? Well, if it is not going as well as you thought, don’t get too discouraged. I would like to share with you some simple and easy steps for reaching your goals and putting the bounce back into your step.
Are You Leaving Money on the Table?
How often do you see your employees leaving cash on the table? Never, right? No sooner have their guests left than the cash is swept up and into the abyss of their pockets. But you as a restaurant owner are leaving money on the table if you are not claiming the FICA Tip credit.
Four Major Considerations When Buying a Foreclosed Property
Attempting to buy a foreclosed property for the first time can be a test of your time and patience. To assist in mitigating any future emotional meltdowns, I have put together a list of the four major things one should consider when buying a foreclosed property.