Taking care during coronavirus
Businesses are slowly beginning to reopen and different areas are relaxing some of the requirements to shelter in place as a result of the COVID-19 health crisis. As we move into this next phase, it is important to remember that seniors and individuals with underlying health conditions remain vulnerable to coronavirus, but also to remember […]
Don’t let ‘ghost assets’ haunt your bottom line
It’s that time of year to clear away old equipment from your financial statements so you are not haunted by unused and out-of-date equipment that can suck the life out of your bottom line. Unused equipment is commonly referred to as a “ghost asset.” Ghost assets are fixed assets that remain on the financial statement […]
Is it time to look at your interest rates?
As owners of your business, it is important to keep a watchful eye on interest rates and the differences between fixed and variable rates. With the reinvestment needs of your business continually increasing, loan balances and the interest you pay increase as well. Reducing these loan payments can help with your cashflow. Right now there […]
‘Think’ about making an estate plan now to protect your heirs later
“You better think.” The unmistakable lyrics sung by Aretha Franklin are words to the wise, but sadly, Franklin herself did not take this advice when planning her estate. Consequently, her heirs may be on the hook for a significant tax bill, not to mention the possibility of years of very public legal battles. While most […]