From the IRS Regarding Preparing for Natural Disasters

The Internal Revenue Service offers tips for disaster preparedness on their website for those who may be affected by storms or other natural disasters. They offer a special toll-free number to taxpayers in federally-declared disaster areas, staffed with IRS specialists who are trained to handle disaster-related issues.  To read theRead More …

2018 Federal Contractors Minimum Wage Increase

The U.S. Department of Labor’s Wage and Hour Division (WHD) has announced that the minimum wage rate for federal contractors will increase from $10.20 per hour to $10.35 per hour, effective January 1, 2018. Background Information On February 12, 2014, President Obama signed Executive Order 13658 which established a minimumRead More …

Speed Up on Payment of Receivables

Receivables don’t have much value if they aren’t turned into cash, which means your company needs to keep tight control over its invoices outstanding so you can get an accurate picture of the receivables situation and take steps to improve the turnover of those accounts.  As we come closer toRead More …

Maintain a Healthy Cash Flow

In today’s economic environment, one major concern for businesses is maintaining a healthy cash flow. If your company is feeling the squeeze of a tight economy — and tight credit — its ability to manage cash flow is critical. Enterprises that successfully practice good cash management generally survive and prosper. ThoseRead More …

What Lenders Require in Today’s Economy

In today’s tough economy, the availability of business credit remains tight. Financial institutions are cautious and highly skeptical of new lending requests. In addition to increased scrutiny regarding new relationships, bankers are also increasingly turning their focus to existing customers. With little or no notice, lenders are closing business creditRead More …