Show Me the Money: Six Best Practices in Billings and Collections

One area where most small-business owners can improve their cash flow is in billings and collections. A thorough credit check before you offer payment terms is not enough. Here are six best practices that can make a real difference in your cash balance at the end of every month. 1. Get it right. One legitimate […]

Should You Itemize Your Deductions for Taxes?

Article Highlights: ? Who Qualifies for the Standard Deduction ? Who Is Not Allowed to Use the Standard Deduction ? Income Limitations for Itemized Deductions ? Phase-out of Itemized Deductions Looking ahead to the filing season for this year’s tax returns, a frequent question is whether you should keep track of tax-deductible expenditures or simply […]

Tax Benefits for People with Disabilities

Article Highlights: • Able Accounts • Disabled Spouse or Dependent Care Credit • Medical Deductions • Home Modifications • Special Schooling • Nursing Services The code includes a number of benefits for individuals with disabilities, but you can’t take advantage of these benefits unless you know about them and understand how they might benefit you […]

Facing a Huge Gain from a Realty Sale?

Article Highlights: • Adjusted Basis • Acquisition Value • Passive Loss Carryovers • Installment Sale • Tax-Deferred Exchange • Tax on Net Investment Income If you are contemplating selling real-estate property, there are a number of issues that could impact the taxes that you might owe, and there are steps you can take to minimize […]