article thumbnail

7 Things Tax-Savvy Business Owners Should Do Before Year-End

Strategy Driven

If you have the cash available, you can also increase your deductions this year by (1) purchasing equipment that you were planning to buy in the near future; (2) stocking up on office supplies and other items that you utilize on a regular basis; and (3) pre-paying your business mortgage, rent, insurance and/or professional subscriptions.

article thumbnail

Can A Leased Car Be Used As A Taxi?

Strategy Driven

The vehicle is technically owned by the company providing the financing until the end of the contract. If you don’t wait until the contract is up to begin using the vehicle as a taxi, it will depreciate too quickly. There is no way for the finance company to know whether or not you will buy the vehicle when the contract is over.

Finance 75
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

6 Smart Investment Decisions To Make As An Entrepreneur

Strategy Driven

In the case of concrete structures, you could have a periodic assessment done on your building by experts like K&E Flatwork so that any damage beyond normal wear and tear is remedied as soon as possible to prevent asset value from depreciating. Buying the right insurance.

article thumbnail

7 Things Tax-Savvy Business Owners Should Do Before Year-End

Strategy Driven

If you have the cash available, you can also increase your deductions this year by (1) purchasing equipment that you were planning to buy in the near future; (2) stocking up on office supplies and other items that you utilize on a regular basis; and (3) pre-paying your business mortgage, rent, insurance and/or professional subscriptions.

article thumbnail

12 Ways To Save Money While Running Your Business

Strategy Driven

Moreover, they wear out with time, and will gradually depreciate when you don’t get rid of them early enough. Salaries, insurance covers, and office spaces are some employee-related costs that businesses often struggle to settle. But as operations begin, some equipment may become redundant. Cut down extra expenses on employees.

Software 117
article thumbnail

Contingency Planning | N2Growth Blog

N2Growth Blog

The three most critical items to focus on when conducting your planning are: Insure that personal accountability is present on any major benchmark, milestone or deliverable. My final suggestion is that you take the time to review all mission critical plans to insure that the proper contingency plans have been put into place.

article thumbnail

The Best Leadership Books of 2016

Leading Blog

Superbosses can be fierce or gentle, belligerent or self-depreciating, but whatever their style, they do a much better job inspiring and teaching because they get in their trenches with protégés, leading by example and giving them personalized attention they require to move up quickly. What should we be doing now to insure we have a future?

Books 150