Over Charged? Over Taxed? Overrun by Expenses? There is Help!
In our current economic climate and for that matter in any economic climate, businesses today are subject to mistakes.
Over charges and capital losses due to mistakes, over looking a bill or in some cases on purpose happen more often that we know.
With a pile of bills every week to take care of, it is difficult to look into every expense to find money that falls into the above categories.
Remember, it's your money! What do you do? 1.
Lets start with Taxes.
Over 90% of qualified businesses fail to take full advantage of deductions, tax incentives and tax credits offered by the IRS.
This usually is because the process takes an experienced specialist which is beyond the expertise of their current financial team.
Who needs a small business income tax review? Every person that has a business interest and pays taxes.
Every year large corporations have financial staffs, yet still send out their data to the Big 4 tax firms for review.
In the case of a small or medium size business the cost for that type of accounting can be overwhelming.
You can use an outside service.
2.
Cost Segregation.
Cost Segregation is the process of separating personal property from real property assets, which often are grouped together.
Real and personal property can be reclassified to shorten depreciation times for taxation purposes.
How much can you save? On an average, a building owner can increase the present case flow of their business by $22,000 for every hundred thousand dollars in reclassified assets.
3.
Your Lease.
Lease Auditing is the process of analyzing your lease and the charges that are associated with your lease.
As a tenant, you have neither the time nor experience to validate everything on your lease.
There are dollars hidden and found in the lease document 80% of the time.
Your lease is probably one of the highest expenses you have.
Over charges on leases can be found and the average lease recovery for your business can be 7%-21% of your lease payments.
In conclusion: An outside consultant can be found for the above services and typically done on a contingency basis.
There are many other ways to find, locate and recover over charges.
Examples are in your Master Card Visa charges, Telephone Bill, Utility bills, workman's compensation insurance and export taxes.
Bailout? Stimulus? Create Your own! What's next for the economy? No one knows for sure, however a no-cost expense analysis offers insights and access to unknown revenue that can sustain and even help you grow your business.
Over charges and capital losses due to mistakes, over looking a bill or in some cases on purpose happen more often that we know.
With a pile of bills every week to take care of, it is difficult to look into every expense to find money that falls into the above categories.
Remember, it's your money! What do you do? 1.
Lets start with Taxes.
Over 90% of qualified businesses fail to take full advantage of deductions, tax incentives and tax credits offered by the IRS.
This usually is because the process takes an experienced specialist which is beyond the expertise of their current financial team.
Who needs a small business income tax review? Every person that has a business interest and pays taxes.
Every year large corporations have financial staffs, yet still send out their data to the Big 4 tax firms for review.
In the case of a small or medium size business the cost for that type of accounting can be overwhelming.
You can use an outside service.
2.
Cost Segregation.
Cost Segregation is the process of separating personal property from real property assets, which often are grouped together.
Real and personal property can be reclassified to shorten depreciation times for taxation purposes.
How much can you save? On an average, a building owner can increase the present case flow of their business by $22,000 for every hundred thousand dollars in reclassified assets.
3.
Your Lease.
Lease Auditing is the process of analyzing your lease and the charges that are associated with your lease.
As a tenant, you have neither the time nor experience to validate everything on your lease.
There are dollars hidden and found in the lease document 80% of the time.
Your lease is probably one of the highest expenses you have.
Over charges on leases can be found and the average lease recovery for your business can be 7%-21% of your lease payments.
In conclusion: An outside consultant can be found for the above services and typically done on a contingency basis.
There are many other ways to find, locate and recover over charges.
Examples are in your Master Card Visa charges, Telephone Bill, Utility bills, workman's compensation insurance and export taxes.
Bailout? Stimulus? Create Your own! What's next for the economy? No one knows for sure, however a no-cost expense analysis offers insights and access to unknown revenue that can sustain and even help you grow your business.
