Just Elementary, Inc. » Archive
Ramification of Depreciation Expense and Schedule in the Sale of a Business
There are many reasons a profitable business doesn’t show as much profit on the tax returns as the business actually generates, one of those reasons that will be highlighted here is depreciation. Depreciation is a ‘non-cash’ expense recorded on a tax return that reduces the taxable profit of a business. Depreciation is a write off associated with the capital expenditure on tangible assets. Tangible assets would be physical equipment used to conduct business including what is … Read entire article »
Filed under: Business Tips
Credit Card Processing FAQs, Navigating Tiered Rates, Long Term Contracts, Equipment Leases and more
Choosing a credit card processing company can be a tricky process for a new business, and even trickier to switch credit card processing companies for an existing business. There are a lot things to consider, which can end up being very confusing, which can lead to expensive mistakes. Stephen Ronnow, Merchant Services Consultant & Broker, is a veteran of the merchant services industry, answers common questions regarding merchant services to help with informed decision making. Is it better … Read entire article »
Filed under: Business Tips
Is your short lease term affecting the sale of your business
If you are planning on retiring or leaving your business soon, having just a short time remaining on your lease can give you a feeling of freedom, since you see the light at the end of tunnel. However, what about selling your business to a buyer? Will having very little lease term remaining be an issue? Yes, in most situations it will be an issue. For a buyer to complete the purchase of a business, … Read entire article »
Filed under: Business Tips, Commercial Leasing
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