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2009 Year-End
Tax Planning
Ideas For Businesses
Here are some suggested tax
moves to be taken no later than Dec. 31, 2009 for businesses
on the calendar year that may save businesses income tax:
-
Section 179 Deduction
(you can elect to EXPENSE your equipment cost...)
-
Income Delay or Acceleration
(should you bill clients early or late...)
-
Partnership or S Corporation
Basis (deduct a 2009 loss up to your basis...)
-
Retirement Plans (if self
employed have you set up your plan...)
-
Dividend Planning (a
dividend may reduce the risk of a tax on...)
-
Budgets (make sure your
business has adequate cash flow for 2010...)
For more info on each one, click
here or go to our
Newsletter section on our web site at
www.eSullivan.net or
call me, Paul Sullivan, at 310-657-8080 Extension 102.
Avoid
Three Common
Errors in
Budgeting
When it comes to budgeting "a
vital part of any business's growth and cash flow" - it's
important to estimate your spending as realistically as
possible.
Here are three budget-related
errors commonly made by small businesses, and some tips for
avoiding them. These errors tend to throw budget estimates out
of line with reality, thereby taking away from a budget's
usefulness.
1) Not Setting Goals - It's impossible to set spending
priorities without...
2) Cost Underestimation - Every business has ancillary
or incidental costs that often don't get budgeted. For
example...
3) Lack of Flexibility - Don't be afraid to update your
forecasted...
For more info on each one, click
here or go to our
Newsletter section on our web site at
www.eSullivan.net or
call me, Paul Sullivan, at 310-657-8080 Extension 102.
Would You
Give Us a
REVIEW
on The Internet?
More and more people turn to the
Internet to find supplies, vendors and even accountants to use
and hire. You probably use Google or another search
engine to do the same in your business.
One way to HELP yourself to be
'found' is to have your clients, customers or patients give
you a REVIEW on one of the popular review sites online.
More reviews encourages search
engines to push your local listing to the top of the page
where people will more likely click on it.
We're doing the same here at
Sullivan & Company and would like to
ask you to give us a review on our Google Maps listing.
Just click on
this link and review us on our Google Local Listing.
And if you haven't yet, please give us a testimonial or
feedback on our performance. It only takes 60 seconds.
Just dial 800-609-9006
extension 9006 and follow the instructions.
Call our offices if you have any
questions about these or any other accounting related issues, at 301-657-8080.
Regards, Paul Sullivan, CPA |
