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Surviving the Knockout Punch

Is your business ready to overcome an unexpected disaster? It was a snow day that turned Cheryl Obermiller’s life upside down. The owner of Obermiller Construction went into the office as usual that morning and, by the next day, found that her company had been robbed of hundreds of thousands of dollars. The accountant who had been working for her for almost a decade had been forging checks and stealing…

Better Depreciation Through Cost Segregation

How a cost segregation study can help reduce your company’s tax liability. Any business that owns real estate could benefit from a cost segregation study, a tax methodology that allows you to accelerate depreciation on your property, which can result in significant tax savings. Cost segregation is an engineering-based approach to identifying assets within a building that can be reclassified into a much shorter depreciation recovery period than the building…

Tax Code Fairness for All Small Businesses

Our nation’s tax code is incredibly unfair for America’s 22 million smallest businesses, which include the self-employed and micro-businesses with fewer than 10 employees. The tax code should offer a supportive environment for companies of all sizes. In fact, it actually deters entrepreneurs from opening their own small businesses and those seeking to grow their businesses. With nearly 550,000 self-employed and micro-businesses throughout Kansas and Missouri, Congress should consider this…

Selling Your Baby

How to prepare your company for sale. The story of your small business started one late night when a few doodles on a cocktail napkin evolved into a passionately documented idea that would change your life. Over time, its inspiration led you to strike out on your own. You gave your brainchild a strong name, possibly even your own, ensuring she’d develop a powerful stand-alone identity over time. Before your…

7 Steps to Healthier Cash Flow

If there is one lesson the recession taught even the most successful businesses, it’s that their biggest threat is often not a lack of profit. It’s a lack of cash flow. Slow-paying customers are frequently the culprit. In the spring of 2012, businesses were paying bills an average of 7.6 days past due, a 14.1 percent increase from the same period a year earlier, according to a study released by…
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