Entrepreneurship


  Discover Four Benefits of the Safe Harbor Expensing Rules   For 2018, you can elect the de-minimis safe harbor to expense assets costing $2,500 or less ($5,000 with audited financial statements or something similar). The term “safe harbor” means that the IRS will accept your expensing of the qualified assets if you properly abided by the rules of the safe harbor. Here are four benefits of this safe harbor: Safe harbor...

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      By now you have learned the disturbing news involving the now widely reported Equifax data breach affecting over 143,000,000 consumers. To put the massive size of this breach in perspective, there are about 326,000,000 people in the United States. While the credit reporting agency announced the breach on September 10th, the breach actually occurred July 29, which means sensitive data from about half of the U.S....

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    During my 20+ years of experience I have concluded that most business ventures fail not because it was a bad idea, but because it was a poorly implemented idea; or there were entrepreneurial mistakes that ended up driving the business into a downward spiral. If you are a startup business, what will set you apart from the rest is having a plan then having the discipline to act on it. Mistakes are part of the growing process....

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  Summer is a good time to do some pruning on your business. Now is the time to recharge some of the areas of your business that may have been neglected recently. While you have been able to get away with a few loose ends and haphazard processes, to stay competitive in the marketplace you must make some changes in the way business has been conducted. Here is the business pruning checklist that will improve your bottom-line and...

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One of the oldest and most important notions in Business Finance is the statement that “Cash is King”. The purpose of this cliché is to focus examination for a business deal, product decision, or prospective investment on cash flow. This is especially important when the accounting profit & loss is different from the cash flows. Managing your cash flows is critical for the success of your business. Managing cash flow in...

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