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Different organizations examine different factors and metrics. While some, like the IRS, look more closely at an NFP’s financial results and reporting, others such as BBB Wisegiving may use more criteria based factors and metrics as part of their evaluation, which looks at multiple facets of an NFP’s operations and activities. These factors and metrics are usually available on the watchdogs’ websites.
Have you recently started a new business or are considering venturing out on your own? If so, the Start-Up Center was created for you. Each month, we’ll highlight a new topic that is vital to the success of start-ups and growing businesses.
This Month’s Topic: Financing a start-up business
Often, the hardest work in launching a new business endeavor is securing start-up financing. This article will cover many of the common considerations an entrepreneur needs to be thinking about to ensure his or her new business is properly financed from the outset, including planning, start-up costs and financing options.
The Internal Revenue Service announced cost-of-living adjustments applicable to dollar limitations for pension plans and other items for tax year 2015.
Six years after the start of the Great Recession, most not-for-profits (NFPs) are still trying to navigate through a troubled economy that continues to loom over most of the nonprofit sector. However, simply keeping the lights on is not the only issue facing NFPs. All nonprofits, including those with deep pockets and reserves for a rainy day, are likely to struggle with some of the following issues and their fallout throughout the remainder of 2014 and going into 2015. The following are the top 10 current trends for NFPs to watch for over the next couple of years.
It may surprise you to learn that according to a recent study by the University of Connecticut, over 70% of former business owners regret selling their companies less than a year after the sale. What accounts for this seller’s remorse? The main reason is lack of preparation on the part of the business owner.
Tax-Planning Ideas in the Business Sector
Year-end tax planning is not restricted to individual taxpayers. Some astute moves by the owners or managers of a small business can also shave dollars off your tax bill. As it does with individual tax planning, uncertainty exists, but here are five practical ideas to consider in any event.
Every business is different, and, therefore, every business plan is different. But successful plans seem to have this much in common: They use foresight to meet the challenges of the upcoming year head-on and address both the strengths and weaknesses of the firm. Similarly, if a business has a skimpy plan—or even worse, no plan at all—the likelihood for real progress is diminished.
With so much focus in the news about debit and credit card fraud, it’s easy to overlook the rapidly growing economic crime of income tax refund fraud. It’s easy to think about it as something that happens only to other people, but the truth is, there are victims young and old, in every social and economic class, and it’s likely to have happened to someone you know.
Just in case you missed it, the Times Union ran a nice piece yesterday showing the results of the the 26th annual Business Climate Survey by Marvin and Co. and the University at Albany School of Business.
With everyone putting their tax information together these days just remember one thing about contributions…