Monthly Archives: June 2013

5 Changes to the Tax Code You Should Know About

The US tax code is not what one might describe as a lean and efficient body of legislation. Indeed, it weighs in around 2500 pages and 5.6 million words. There’s no way to stay on top of all the changes, extensions, and revisions to any code that extensive. Here are 5 important updates you should be aware of. 1. Business investment incentive. Good news: The government is hopping to spur short-term capital investments. As a result, you can now fully depreciate more capital investments in the year of purchase, instead of spreading it out over multiple years. To that end, the (more…)

8 Winning Tips to Make Your Financial Plan Profitable

A curious thing happens to entrepreneurs in the spring of every year. You wake up one day and realize you had better figure out how much money was made last year in order to pay your taxes. But wait, shouldn’t a business owner already know how much money he or she made last year, last quarter, or last month? Don’t wait. Develop your financial plan today. If you don’t keep track of how much money you’re making, you have no idea whether your business is successful or not. You can’t tell how well your marketing is working. You need to know (more…)
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