The coronavirus pandemic created challenges for businesses in every industry, with small businesses being hit the hardest. In fact, according to Track the Recovery, the number of small businesses in the U.S. has dropped by 29% since January 2020. One way for small businesses to put money back into their pockets when they need it most is to legally pay less in taxes. Here’s how … [More]
Securing Your Choice of Security Firm
Hiring a security firm can help protect one’s business from crime, but it is critical to find the right match for the job. There are a lot of choices in security firms but not all may be the right fit. Based on my 20-plus years’ experience in law enforcement and security, here are some questions I suggest businesses ask before hiring a security firm. Does your security … [More]
Revised 2021 TPT Electronic Filing and Paying Threshold Goes from $5,000 to $500 Jan, 1
Under legislation enacted in 2017, businesses with an annual transaction privilege tax (TPT) and use tax liability of $500 or more during the prior calendar year will be required to file and pay electronically starting in February 2021 for the January reporting period. The revised 2021 threshold of $500 is a change from the 2020 level of $5,000. E-filing and paying are … [More]
If Cash Is King, then Working Capital Is God
Working capital management is the most important management activity in emerging and mid-sized companies because of the significant financial impact that it has on the company’s well-being. While most CEOs and business owners have heard and accept that “Cash is King,” working capital is often the least understood and most poorly managed area of their companies. When working … [More]
