As a small business owner, consider outsourcing services to free up employee time and retain revenue. This article discusses the benefits of outsourcing services, and a couple departments you should consider for outsourcing. To view this article, click the following link to access the original content. https://www.business.com/articles/can-outsourcing-business-services-benefit-your-company/…
…brief can be seen on the CJBS website at: https://cjbs.com/Email/October2012/CJBS_long.pdf CJBS, LLC is a Chicago based firm that assists its clients with a wide range of accounting and financial issues, protecting and expanding the value of mid-size companies. E-mail me at michael@cjbs.com if you have any questions about this posting or if I may be of assistance in any way. cjbs.com…
When it comes to tracking incoming sales and outgoing expenses, there are many ways businesses can keep up with their invoices and implement strategies to reduce the time they spend on unpaid sales. Accounts Receivable Turnover Ratio Simply defined, the accounts receivable turnover ratio is a way of showing what percent of a company’s receivables or invoices are paid by…
…are expecting refunds are strongly encouraged to file as soon as possible. This relief only applies to Federal income returns. State filing and payment deadlines vary by state. While most are expected to follow the Federal guidelines, taxpayers can check with their state tax agencies for those details. More information is available at https://www.taxadmin.org/state-tax-agencies. All of us at CJBS continue to…
…be used in computing the allowance under a fixed and variable rate (FAVR) plan. The depreciation component of the business standard mileage rate, however, remains as it has been in 2012. The standard mileage rate adjustment for 2013 reflects increases in maintenance and fuel costs. In recent years, the IRS made mid-year adjustments in the business and medical/moving standard mileage…
…per mile for 2013, unchanged from 2012. For purposes of computing the allowance under a fixed and variable rate (FAVR) plan, the maximum standard automobile cost for 2013 is $28,100 for automobiles or $29,900 for trucks and vans, increases of $100 and $600, respectively, from 2012. Under an FAVR plan, a standard amount is deemed substantiated for an employer’s reimbursement…
…adjusted gross income (“AGI”) classes were more likely to be examined than returns in lower AGI classes. The IRS examined about 12.1 percent of the 337,477 tax returns reporting income of $1 million or more, compared to 2.8 percent of those reporting at least $200,000 and under $1 million, and 0.4 percent of those reporting income under $200,000 who didn’t…
…– but not if it means breaking the law. CJBS, LLC is a Chicago based firm that assists its clients with a wide range of accounting and financial issues, protecting and expanding the value of mid-size companies. E-mail me at michael@cjbs.com if you have any questions about this posting or if I may be of assistance in any way. cjbs.com…
…your tax professional to determine how this affects you. CJBS, LLC is a Chicago based firm that assists its clients with a wide range of accounting and financial issues, protecting and expanding the value of mid-size companies. E-mail me at michael@cjbs.com if you have any questions about this posting or if I may be of assistance in any way. cjbs.com…
…possibly as part of larger comprehensive tax reform legislation. CJBS, LLC is a Chicago based firm that assists its clients with a wide range of accounting and financial issues, protecting and expanding the value of mid-size companies. E-mail me at michael@cjbs.com if you have any questions about this posting or if I may be of assistance in any way. cjbs.com…