by Karla Dennis | Jul 24, 2013 | Blog
Hi, this is Karla Dennis, CEO of Cohesive, a tax consultancy and tax preparation firm licensed in all 50 states. Today I want to talk to you about choosing the right tax professional and why it’s so important to you. In our economy, it’s extremely important that you work with a tax professional that keeps up with all the ups and downs in the economy as well as your objectives. In order for you to get a better tax return, a lower tax liability you have to be working with someone that has a mindset of wanting to push you to the next level. read...
by Karla Dennis | Jul 22, 2013 | Blog
There are several tax deductions readily available for homeowners such as debt consolidation to private Mortgage Insurance premiums. If you are on the fence regarding mortgage refinancing, the tax advantages you could gain could be enough to push you over. Here are many guidelines to help you choose if the tax benefits of refinancing mortgage are good for you personally. Home mortgage refinancing For Debt Consolidation: When refinancing your home loan to consolidate your bills you are simply borrowing more than you owe within your current mortgage. The actual distinction involving the new quantity you borrow and what you owe on the old mortgage will be paid to you personally in cash. read...
by Karla Dennis | Jul 22, 2013 | Blog
Financial forecasting reminds me of the weather – you make your forecast at a moment in time based upon the information currently available. You draw a conclusion and state your financial forecast. But then, the information changes, now it’s raining, and you’re caught without your umbrella! Financial forecasting, unlike the weather, isn’t a science but it’s not pure guess work either. It is a combination of the following: Knowing your business Understanding your marketplace Setting goals Using common sense. As a business strategist, I know that every small business needs to make reliable financial projections at one time or another. Forecasting is critical during the following stages of a company’s life span: read...
by Karla Dennis | Jul 22, 2013 | Blog
As a business owner you know all too well that one of the most important parts of running an efficient business is keeping your books and records in top notch order. While many business owners do their own books or have an accountant on their staff, there are numerous benefits to outsourcing your accounting needs. As a small business strategist, I cannot tell you how many companies have enjoyed saving thousands of dollars by outsourcing their bookkeeping. It is a tremendous load off the mind of the owner and a tremendous load off the check book of the business. read...
by Karla Dennis | Jul 22, 2013 | Blog
Often times the difference between a professional bookkeeper and an in house bookkeeper can make or break a business. Typically when business owners are starting out, they try to cut corners and hire help that is very inexpensive. This hiring strategy can turn out to cost you more in the long run. If you are going to be spending money in your business, you have to spend it on areas that can improve your bottom line. A professional bookkeeper with an accounting back ground can help you. Let me tell you the story of Mr. Money. Mr. Money was a gentleman I met who was not concerned about having enough money to start his business because he sold a business and had more money than most to start his new business venture. He knew his business very well and had a service that was well needed. What Mr. Money did not have was two very important elements that every business needs to have regardless of their knowledge and amount of start up capital. Every business starting out needs a spending plan and a professional bookkeeper. Mr. Money did not have these. read...
