Finder’s Fees, those referral fees and referral commissions, put money in your pocket and help you leverage your contacts (monetize your Rolodex) and increase your profits. We love to receive finder’s fees and frankly, almost more important, we love to pay them to other people who send us business. Practically, we can only originate so much [...]
Posted in Business Letters, Case Studies & Real Examples, Company B, Employees, Finder's Fees | 1 Comment
Running a small business/growth business has its personnel challenges and employee challenges (as I’m sure you can appreciate), often in ways that are more magnified and intense than in a larger company where Bad Hiring Decisions are typically less costly and disruptive.
Last week, we posted about our client, Company A, who had extended an offer to a [...]
Posted in Business Letters, Company A, Employees, Keurig Coffee | 1 Comment
To cut your business taxes and cut income taxes relating to expense reimbursement and the IRS mileage allowance, follow the tax principle of symmetry. When you receive reimbursement that’s taxable income or an expense reduction, make sure you recognize the expense or record the corresponding expense. This will help you avoid paying extra income taxes.
This [...]
Posted in Accounting & Finance, Business Math, Taxes | 4 Comments