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Wednesday, 01 January 2014

Five New Years Resolutions For Your Business

Written by Sandy Gohlke, CPA

A new year means new possibilities. Put your business in the best financial position with these five tips for 2014. 1. Go Mobile2014 is the year of mobilization; everything and everyone is going mobile...

Friday, 29 March 2013

For Sale By Owner

Written by Mike McCarthy, CPA, CfP®, Mst

BWD Magazine, Spring 2013 Selling a business is a lot like selling a home...except when it isn't The scene is a familiar one on any number of cable television’s housing programs: pensive home sellers listen intently as hosts and remodeling experts alike expound on the efforts necessary to prepare their property for market. The advice isn't too far afield of what awaits a business owner preparing for a sale: it’s important to be brutally honest about the current condition of the business, address potential trouble spots and make sure finances are in order. Prospective buyers aren't going to be worried about the number of bedrooms and bathrooms, or the color of the paint in the master suite...

Friday, 29 March 2013

SkyBooks

Written by The Rehmann Team

BWD Magazine, Spring 2013 Leverage the cloud to work smarter, respond faster and remain competitive SkyBooks is Rehmann’s cloud accounting solution, a Web-based service that combines the omnipresent strength of cloud computing and the seasoned wisdom and industry experience of Rehmann’s dedicated advisors. The result: 24/7 access to the key financial metrics you need to run a successful business, presented via clear and easy dashboards that you can view on your computer, smart phone or tablet device. BWD spoke with Sharon Berman, Rehmann’s chief SkyBooks evangelist, about SkyBooks. So, SkyBooks is accounting software I can access through the Internet?..

Friday, 29 March 2013

Advantages and Disadvantages of Nonqualified Deferred Compensation Plans

Written by The Rehmann Team

BWD Magazine, Spring 2013 Deferring salary into a nonqualified deferred compensation (NQDC) plan can be an effective way to take the sting out of higher taxes and a powerful recruiting and retention tool. But it’s important for employers and employees alike to understand the advantages and disadvantages of these plans. Like a 401(k) plan, an NQDC plan allows employees to defer compensation until retirement or some other predetermined date. In addition to avoiding current income taxes on contributions, employees enjoy tax-deferred growth of accumulated earnings...

Thursday, 11 April 2013

Lansing's own Dick Henderson

Written by Tony Curtis and Dick Henderson

BWD Magazine, Spring 2013 Here’s another important business insight, courtesy Tony Curtis and Dick Henderson. Big business wearing big britches? Look forward to developing niches. Established businesses have sophisticated competitors, many of whom are international, so thinking globally is a key factor to success for companies of this size...

Thursday, 11 April 2013

"Due Diligence" Investigation Check List

Written by Tony Curtis and Dick Henderson

BWD Magazine, Spring 2013 CORPORATE MATTERS Articles of Incorporation and by-laws of the Company and Seller. Corporate minute books and stock transfer records of the Company. Federal and state tax returns and related reports of the Company including: income tax returns, audit reports of taxing authorities including descriptions of any open issues, real estate tax bills and payment records, personal property tax bills and payment records, franchise, license, capital stock, doing business, and similar tax reports, and any other material documents. Agreements and arrangements between the Company and Seller or any affiliate of the Company or Seller, including: stock subscription agreements, loan, line of credit or other financing arrangements, tax sharing agreements or arrangements, overhead allocation agreements or arrangements, management services or personnel loan agreements or arrangements, guarantees or keep-well arrangements for the benefit of creditors or other third parties, and any others...

Monday, 18 February 2013

Small is the new big

Written by Rehmann Team

The importance of small business to today's economy Whether it's hirings or firings, record-setting quarters or shareholder unrest, the nation's big businesses tend to grab the headlines. The real story of today's budding economic recovery, however, is likely to be found among the many small businesses dotting the landscape. "I think it'd be difficult to overstate the impact a healthy small business environment has on an area," Rehmann Principal Dick Henderson said. "It's especially important in an area like Lansing, which does not feature one or two disproportionately large employers, but rather many smaller, diverse employers...

Thursday, 31 January 2013

Pure Commitment

Written by BWD Magazine

BWD Magazine, Winter 2012-13 Rehmann steps up to support tomorrow's superstar businesses In 1976, two men in their twenties toiled away in a Los Altos, California, garage on hand-built personal computer kits they hoped to sell to their friends and colleagues in a local computer club. By 2012, the company started by Steve Jobs and Steve Wozniak - Apple - was the most highly-valued company in the world, having revolutionized personal computing several times over. Apple isn't the only one: the history of American business abounds with successful companies that launched from garages across the country, including recent giants Google and Amazon. There are a number of Michigan originals, too, with the history-changing automobile industry topping the list...

Thursday, 31 May 2012

The Sky's the Limit

Written by Lee Flake, CPA

BWD Magazine, Spring 2012 Though, "The Cloud," is the hot new buzz phrase for the layman technology user, cloud based applications have been around for quite some time. Anyone who uses yahoo mail or Gmail is using the cloud as their e-mail application. Online banking, Facebook, and LinkedIn all use cloud technology. It has become part of our everyday life – both personally and in business...

Tuesday, 31 January 2012

Unclaimed Property

Written by Mike Bozimowski, JD, MST, CMI

BWD Magazine, Winter 2011-12 Michigan's new reporting requirements UPDATE: Since this article was published, the Michigan Department of Treasury has instituted an Amnesty Program, described here:Michigan Treasury is providing entities that have not previously reported or have underreported unclaimed property in the past with an opportunity to voluntarily comply with the requirements of the Act by offering a Voluntary Disclosure Program. This program will waive all penalty and interest on property voluntarily remitted pursuant to your enrollment in this program. To enroll in the program, complete and return the Michigan Unclaimed Property Voluntary Disclosure Agreement (Form 4869) by January 31, 2012. If you are certain you do not have unclaimed property to report and remit, complete and return the Attestation of Compliance with Unclaimed Property Reporting (Form 4305) by January 31, 2012...

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