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Presti & Naegele’s Joe Romano Discusses Business Growth on the Forbes Website.

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Presti & Naegele’s Joe Romano Discusses Business Growth on the Forbes Website.

How Fine-Tuning Your Focus Can Grow Your Business Many business owners don’t realize that their success is driven by a small subset of their products, services, and customers. Actual profit drivers may be hidden in a mass of data and unknown opportunity costs, making it difficult for owners to act strategically when planning future product […]

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apresti

How do I?… Use the 2014 Standard Mileage Rates?

Taxpayers who use their automobiles for business or the production of income can deduct their actual expenses for use of an automobile (including the use of vans, pickups, and panel trucks) that the taxpayer owns or leases. Deductible expenses include parking fees, tolls, taxes, depreciation, repairs and maintenance, tires, gas, oil, insurance and registration. Standard […]

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sgrgas

Keeping Good Records for Tax Season and Beyond – Some Guidelines

Good recordkeeping is essential for individuals and businesses before, during, and after the tax filing season. First, the law actually requires taxpayers to retain certain records for a specified number of years, for example tax returns or employment tax records (for employers). Second, good record is essential for taxpayers while preparing their tax returns. The […]

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sgrgas

Ready in Real-time: How Financial Preparedness Can Fuel Success

Success isn’t accidental. It’s the result people making good business decisions based on the best information possible. If you polled one hundred business owners, the vast majority would choose to have current, accurate and meaningful financial information on hand when making critical decisions. Yet despite this, many business owners view accounting and finance as necessary […]

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sgrgas

Presti & Naegele’s Joe Romano Discusses Retaining Talent in Forbes Magazine

How Successful Companies Hold On To Their Talent — And Why It’s So Important Sometimes you get lucky: you capitalize on a new technology, build a business, and within a few short years sell it for 126,315 bitcoins (+/- $11.4M), as Erik Voorhees did with SatoshiDice. The other 99% of entrepreneurs, unfortunately, spend much of […]

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wnaegele

Fraud Detection and Prevention in the Workplace

Are You at Risk for Fraud? Identify your Risk and Protect your Organization from Internal Fraud   Do you know your organizations risk for fraud? Just when everything seems to be going well, internal fraud can derail even the best run company. Understanding the value of internal controls and the critical importance of reviewing those […]

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apresti

How do I . . . Claim bonus depreciation in 2013?

Bonus depreciation will expire for most taxpayers at the end of 2013 unless Congress extends the provision. A 50-percent bonus depreciation deduction (the “special first-year depreciation allowance”) is allowed for the first year that qualifying property is placed in service. Bonus depreciation is available for property acquired after December 31, 2007 and acquired and placed […]

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apresti

IRS issues final “repair” regulations with looming effective date

The IRS has issued much-anticipated final “repair” regulations that provide guidance on the treatment of costs to acquire, produce or improve tangible property. These regulations take effect January 1, 2014. They affect virtually any business with tangible assets. The IRS has estimated that about 4 million businesses must comply. At a length of over 200 […]

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sgrgas

Presti & Naegele’s Joe Romano Discusses Five Keys to Selling a Business in Forbes Magazine

Sometimes you get lucky: you capitalize on a new technology, build a business, and within a few short years sell it for 126,315 bitcoins (+/- $11.4M), as Erik Voorhees did with SatoshiDice. The other 99% of entrepreneurs, unfortunately, spend much of their adult lives building and maintaining their businesses. At some point, whether you are […]

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sgrgas

529 Savings Plans

September is here and school is back in session. Your kids are one year older and hopefully one year closer to heading off to college. Whether that prospect excites you or terrifies you probably depends on the day, but the specter of college tuition is a constant. Regardless of whether your children are starting kindergarten […]

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