Small Business | Business Management Company

A shorter cash flow cycle means a stronger business

October 15, 2015 / by Brett Hess / Small Business

A shorter cash flow cycle means a stronger business Every business owner knows that maintaining a healthy cash flow is essential to a company’s success. But there are a variety of ways to accomplish this objective. One way is to accelerate inflows and decelerate outflows, thereby shortening your cash flow cycle. Truncating this cycle by […]

Selling rather than trading in business vehicles can save tax

September 30, 2015 / by Brett Hess / Small Business, Tax

Selling rather than trading in business vehicles can save tax Although a vehicle’s value typically drops fairly rapidly, the tax rules limit the amount of annual depreciation that can be claimed on most cars and light trucks. Thus, when it’s time to replace a vehicle used in business, it’s not unusual for its tax basis […]

Protecting your Business Interests

September 3, 2015 / by Brett Hess / Small Business

Protect business interests as part of your personal wealth management strategy If you’re a business owner, your company is likely the biggest asset you own. As you carefully craft your personal wealth strategy, there are a wide variety of asset-protection strategies you should consider to help ensure that your business will remain a valuable asset […]

Planning for Success

August 6, 2015 / by Brett Hess / Small Business

As business owners, we often do a good job of planning for possible negative outcomes or circumstances. We set aside enough cash flow to weather a downturn in our business, we plan for the tax impacts of profits on the business, we plan for turnover in our staff, etc. This type of planning is important […]

Tax Provisions Extended?

December 11, 2014 / by Brett Hess / Small Business, Tax

According to Kiplinger (one of our primary sources for new tax information), all of the major tax provisions that lapsed in 2013 will be extended for 2014. Congress had all year to revive these tax breaks, but as usual they procrastinated and played the political game. The good news is that we believe the following […]

IRS Phone Scams Warning

August 20, 2014 / by Brett Hess / Small Business, Tax

IRS Updates Phone Scams Warning The IRS is again warning the public about phone scams that continue to claim victims all across the country. In these scams, thieves make unsolicited phone calls to their intended victims. Callers fraudulently claim to be from the IRS and demand immediate payment of taxes by a prepaid debit card […]

Employee or Subcontractor & Obamacare

June 6, 2014 / by Brett Hess / Small Business

Firms with 100 or more full-time employees in 2015 must offer a reasonable level of affordable insurance to their full-time employees or large penalties will be due. Business with 50 to 99 full-time employees have until 2016 to comply with the pay-or-pay rules. Reclassified workers can put a small firm over the limit of allowable […]

Understanding Your Value In Business

May 15, 2014 / by Brett Hess / Small Business

I had a great discussion with a client yesterday. It revolved around her new business venture and how her clients were perceiving her rates and fees. It reminded me of a conversation I had with my father (the founder of our company – who worked in sales for 30 years before he started BMC) many […]

How can my payroll taxes not be paid? – I hired a payroll company

March 6, 2014 / by Brett Hess / Small Business

Many local businesses are finding that their payroll company has not been paying their federal and state payroll taxes. How can this happen? Most companies in the payroll processing industry follow a practice called impounding. As payroll taxes are accrued with each pay, the payroll company transfers the cash from the clients account into their account […]

Payroll Upgrades

August 14, 2013 / by Brett Hess / Small Business

BMC continues to upgrade our payroll systems and software. Available now at no additional charge you can view and print historical reports from previous pay periods at no additional charge. For a small monthly fee you can give your employees access to prior pay stubs, W2’s etc. These are secure portals with encrypted data.

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