Business Management

How to reduce the tax risk of using independent contractors

September 10, 2018 June 4, 2019

Classifying a worker as an independent contractor frees a business from payroll tax liability and allows it to forgo providing overtime pay, unemployment compensation and other employee benefits. It also frees the business from responsibility for withholding income taxes and the worker’s share of payroll taxes. For these reasons, the federal government views misclassifying a …

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Choosing the best business entity structure post-TCJA

August 23, 2018 June 4, 2019

Choosing the best business entity structure post-TCJA For tax years beginning in 2018 and beyond, the Tax Cuts and Jobs Act (TCJA) created a flat 21% federal income tax rate for C corporations. Under prior law, C corporations were taxed at rates as high as 35%. The TCJA also reduced individual income tax rates, which …

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Run the numbers before you extend customer credit

August 14, 2018 June 4, 2019

Funny thing about customers: They can keep you in business — but they can also put you out of it. The latter circumstance often arises when a company overly relies on a few customers that abuse their credit to the point where the company’s cash flow is dramatically impacted. To guard against this, you need …

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A midyear review should go beyond financials

August 6, 2018 June 4, 2019

Every year is a journey for a business. You begin with a set of objectives for the months ahead, probably encounter a few bumps along the way and, hopefully, reach your destination with some success and a few lessons learned. The middle of the year is the perfect time to stop for a breather. A …

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Do Bad Sales Months Often Take You By Surprise?

June 14, 2018 June 4, 2019

Bookings vs. shippings: A sales flash report primer Don’t forget the power of flash reports — that is, snapshots of critical data for quick, timely viewing every day or week. One specific way to use them is to track bookings vs. shippings. Doing so can help you determine what percentage of volume for certain months …

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What are the “right questions” about your company’s IT strategy?

May 30, 2018 June 4, 2019

To refine your IT strategy over time, you’ve got to regularly reassess your operations and ask the right questions. Here are a few to consider: Are we bogged down by outdated tech? More advanced analytical software can eliminate many time-consuming, repeatable tasks. Systems based on paper files and handwritten notes are obviously ripe for an …

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Tax Time with CCG – Monthly Audio Interview

March 22, 2018 June 4, 2019

“Ray Dyer of CCG answers tax questions” is a monthly audio interview on 105.9 station. Tune in monthly to learn from the pro live! You can hear the interview below… just click play!