business

What to Consider When You Lease Commercial Property

Decisions about location and leasing commercial space can be significant factors in determining a business's long-term profitability. That's because the cost of leasing space is often one of the biggest numbers on the profit-and-loss statement. Consider the following as you look for a space that fits your bottom line:

Fix These 3 Common Customer Service Mistakes

If your company provides stellar service and outstanding products, your loyal customers can grow exponentially through social media, online reviews and more traditional outlets. On the other hand, when customers complain, your company’s reputation can be damaged. Fortunately, your team can build solid customer relationships by fixing these common customer service mistakes:

5 Things to do Now to Save Your Business!

With the COVID-19 pandemic dominating the news and creating havoc in many sectors of the economy, companies are going to need to be on their "A" game to survive and thrive. Here are five essential tasks to help you do this.

2 Steps to Survive & Thrive Through Crisis

“In times of crisis you have to prioritize and execute.” Said the former US Navy Seal Jocko Willink, author and TED talker. What has that got to do with making your business survive and thrive in this time?

Well, lean time forces you to focus on core business. When times were good, you could afford to be lax with everything. Not anymore.

Pulling Retirement Funds Early? Consider This First

Taking an early withdrawal from your retirement account is a tempting idea. Regardless of your reasons, understanding the ramifications of early withdrawals from retirement accounts will help you make the best decision for your situation. Before making early withdrawals, consider the following:

Economic Impact and Stimulus Payments : What Business Owners / Self-Employed / Independent Contractors need to know

This extra long edition has two parts, one about what to do with the Stimulus or Economic Impact Payments, and the other is about tax-related laws and updates to help with tax planning for the rest of 2020. You can read Part I here.

Are you buckled down?

Losses that Offer Tax Savings

Capital loss, casualty loss, net operating loss — a loss by any name causes a financial setback. It's something no one likes to think about, much less experience. But if you do suffer a loss, tax laws may provide a measure of relief in the form of a refund or lower taxable income. Here are examples of common losses you may experience, along with possible tax savings

Which Business Entity Allows Less Taxes?

When you have your annual tax returns sit in front of you, have you considered which types of taxes you can optimize?

Do you know your business structure impacts your bottom line?

Outside of legal considerations for asset protection, or financial consideration for fund-raising, what you want the business to do determines the best tax strategy for it.

5 'Must Haves' Checklist for Tax Preparation

Personal tax filing underway is from now to April 15th , extended to October 15th if you file proper paperwork. Today is a great time to check off what you have received from other people, banks and institutions. So, to help you maximize your tax savings this year and get proactive with your tax strategy, here’s our BayCPAPlus essential checklist to organize your records before going to your favorite CPA’s office.

Business owners take note - if you’re organized as a partnership or LLC or S-corp, the deadline for filing the business returns is March 16th. Calendar-year C corporation tax returns are due by April 15. Six-month extensions can be requested as in personal tax filing