Aug 3, 2015 | Business, Finances
Monitoring your accounts receivable may seem like one more chore in an already busy workday. But this simple activity is important. Here’s an illustration. Say you’re operating with a gross profit margin of 20% and your uncollectible receivables are $10,000. Your...
Jul 20, 2015 | Business, Finances
Financial ratios provide a useful way to pinpoint strengths and weaknesses in the performance and solvency of your business. Here are four types of ratios that you can monitor using the figures from your balance sheet. Liquidity ratios, such as the current ratio,...
Jun 29, 2015 | Finances, Taxes
Tax identity theft once again topped the IRS list of tax scams for 2015. Here’s what you need to know if it happens to you. The warning signs. Have you gotten a tax bill you weren’t expecting based on income you never received? Has your return been rejected or your...
Jun 22, 2015 | Finances, Taxes
Looking to reduce your 2015 income taxes? Consider these summertime strategies. Take a credit for summer day care. If you have one or more children under age 13, your costs of in-home childcare, a day care facility, or sending the kids to day camp may qualify for the...
