We all understand terms like Pretax Profit and EBITDA that we use to describe our company’s bottom line, but what tells us where that profit (or loss) is really coming from? The answer is a set of numbers that rarely appears on an income statement. While the...
The following VERY long post is compliments of Morningstar, which provided a good recap of the rates and due dates for 2018 and 2019 tax filers. The year 2018 ushered in seismic tax-code changes that you’re likely to see reflected on your 2018 return: notably,...
This note is for the personal tax planning of our clients and friends. With the passage of the new tax law, the interest expense you pay on any home equity line of credit (“HELOC”) is no longer deductible on your federal return. However you can carry up to...
I’ve just produced a new webinar on the key operational topic of budgeting. My personal belief is that a sound budget is the most valuable profit performance tool in the CEO’s toolkit, if it’s done right. This program, entitled Budgeting Best Practices, is very...
OK, here’s the wrap up of this series of posts. The series started with the question: Do you want to have more financial control of your company? Each tip up to now has identified a powerful way to do that, and this is the final tip in the series. It’s too late to...
