Category: Business Practices

6 tips for creating a professional LinkedIn profile

Everyone hears a lot about Facebook and Twitter, however, LinkedIn is the social network for business professionals and networking. With 161 millions members to date, it's one of the most popular social network websites. Are you using it to its...

Special Guest Author Cheryl Skynar: Playing hide and seek in QuickBooks

Have you ever been looking for something, know that it is in QuickBooks, but just can’t find it?  QuickBooks 2010 & 2011 has several ways to search for various items but my favorite search, the one I go to most...

Make sure your earnings aren’t subject to “Risky Business”

Trying to minimize damage from unforeseen events is nothing new to business owners, but a first-of-its-kind risk management study suggests companies still have lessons to learn. From Sabine Vollmer’s article in CGMA Magazine: “Being able to link cause and effect...

SR Client Question: Are employee meal breaks mandatory?

Employee meal breaks are generally required for most employees (although allowing your workers to eat suspended in the air on a steel truss is not recommended!).  Familiarity with your state’s meal break regulations or even the regulations under the Fair...

Client Service Words to Live By, Even During Busy Times

  “What comes out of you when you are squeezed is what’s inside you.” - Wayne DyerHave you ever felt so pushed to meet a client or customer deadline that you simply went through the motions to finish the engagement,...

Special Guest Author Amy Fehn: Understanding Medicare’s Revalidation Process for Medicare Enrolled Providers

Amy K. Fehn is a partner with Wachler & Associates, P.C.  Ms. Fehn is a former Registered Nurse who has been counseling healthcare providers for the past fourteen years on regulatory and compliance matters.  Ms. Fehn is a member of...

Nine Tips for Family Business Transition Planning

Family relationships and generational value differences can make succession planning for family businesses more challenging than for other enterprises.  Here are some suggestions for family businesses that can make succession planning and execution less trying: 1.  Obtain a valuation of...

Things to Know About Bartering

Many small business owners can save money through bartering to get products or services they need.  This can be a great practice for a growing small business if done right, and business owners use the fair market value of property or...

Depreciation: IRS Regulation Rewrite Rules on Deduction vs. Capitalization

  Depreciation has been around forever and we all thought we knew everything about it.  Well maybe not, but the IRS has updated the rules on “capitalization”, “facilitative costs” and “de minimis rules”. CAPITALIZATION:  A taxpayer must capitalize amounts paid...

“Daily Deals” – More of a Deal for State Coffers Than Yours?

Daily Deal-type marketing (think Groupon and Living Social) has become a very popular way for small businesses to market their product or service to a large and local audience.  However, business owners need to be aware of the various tax...