Starting a business can be expensive and complex depending on what kind of business you start. A strategic business plan helps you address questions like, what are my capital resources, how will my product or service reach the market place, or how will I manage my day-to-day operations. These are […]
Accounting
3 Types of Financial Analysis and When They Matter
Financial analysis is conducted using information posted on a business’ financial statements to evaluate the current financial position and the past performance. Financial Key performance indicators such as liquidity, profitability, and solvency among others highlighted by this process are used to ascertain the financial strengths and weaknesses of the business […]
Inheritance Loans – What Are They and Should You Get One?
Inheritance loans aren’t actually loans. Instead they are cash advances provided to heirs entitled to assets and personal property held in probate. Probate is the legal process used to validate the decedent’s Last Will and Testament. In cases where decedents die without a Will (intestate), probate is used to determine rightful […]
Selling a Business? Roles Played by M&A Participants
Mergers and acquisitions (M&A) can appear dauntingly complex with the various transaction structures and numerous participants involved in the process. Adding to the confusion, industry players are often coined by multiple, synonymous names. It’s no wonder many outside Wall Street view the M&A industry as a Byzantine Empire of financial […]
SaaS-Based Payroll Services for Small Businesses
Expensive infrastructure, cost on setting up a payroll department, payroll software maintenance and training in-house employees has given rise to Software as a Solution (SaaS)-based payroll services. There are few companies that have initiated online payroll services to help businesses concentrate more on their other important core business operations. When […]
Payroll Puerto Rico, Unique Aspects of Puerto Rico Payroll Law and Practice
The Puerto Rico State Agency that oversees the collection and reporting of State income taxes deducted from payroll checks is: Department of the Treasury Bureau of Income Tax Intendente Alejandro Ramirez Bldg. Paseo Covadonga, Stop 1 P.O. Box S-4515 San Juan, PR 00905 (787) 721-2020 http://www.hacienda.gobierno.pr/ Puerto Rico has no […]
Are You In FATCA Compliance?
The Foreign Account Tax Compliance Act was enacted by the Congress in 2010 as part of the Hiring Incentives to Restore Employment (HIRE) Act to combat tax evasion by US persons holding investments in offshore accounts. The United States Treasury Department and the IRS continue to develop guidance concerning FATCA. […]
8 Business Plan Mistakes to Avoid
It is hard to get a funding from a business plan, even a very good business plan. You can give yourself a much better chance of raising capital if you avoid eight common business plan mistakes. Your business plan may be the first thing investors see, and it is important […]