Your business, your salary

Your business, your salary

  Your business, your salary As the owner of your business, you are the decider of salaries for your staff. That’s true for your own salary too. While there is no one-size-fits-all formula for determining how much to pay yourself, here are two factors to...
Sunk costs could lead to bad business decisions

Sunk costs could lead to bad business decisions

Sunk costs could lead to bad business decisions Do you think pulling the plug on a failed contract would be “wasting all the money” your business has spent to date? If so, you may be making the choice based on emotion and “sunk costs.” Sunk...
Be aware of 2016 payroll rates!

Be aware of 2016 payroll rates!

Be aware of 2016 payroll rates! The Social Security Administration announced the 2016 wage base for computing the amount of payroll tax will be $118,500, the same as 2015. The wage base is the maximum amount of wages subject to the social security portion of the...
Little Known Tax Credit for Growing Businesses

Little Known Tax Credit for Growing Businesses

Little Known Tax Credit for Growing Businesses The holidays are upon us. For a business owner this time of year is filled with reflection on how the year went, what worked, what didn’t, and how to do better next year. For those businesses that expanded last year or...