Financial

  • Financial: Valuing your business

    January 16/23, 2017: Volume 31, Number 16 By Roman Basi (First of two parts) Each year more business appraisals are being created. While statistics are unreliable on the matter, it seems as though the word is getting out. If you are a closely held business, there’s a need to have your business appraised. This article focuses on the what, who, when and how. Many businesspeople are not familiar with what

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    Financial: The Family Limited Partnership made easy

    January 19/26, 2015; Volume 28/Number 15 By Bart Basi Many people want to enrich their families with wealth and possessions, but face losing control of the assets once given and running into estate tax issues when assets are appreciated. The Family Limited Partnership (FLP) is a solution to this problem. An FLP is a device that allows the grantor to fund the device, transfer value to heirs, keep control over

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    Financial: Why you should get your business valued

    December 22/29, 2014; Volume 28/Number 13 By Bart Basi Knowing the value of a business is important to anyone who has an ownership interest in a company. Valuing a business is often overlooked until the last minute. At this point, the business owner realizes how vital a valuation is for making important business decisions. Following are some of the major reasons for getting your business appraised. 1. Determine gift and

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    Financial: S corporation or LLC? Think about it

    Nov. 4/11 2013; Volume 27/number 14 By Bart Basi Today the choice of business structure is not so easy. Generally, the use of sole proprietorships and general partnerships is very limited to home-based businesses. Most businesspeople have the choice between operating as a limited liability company (LLC) or as an S corporation. When deciding which entity to operate under, the business owner must take a lot into consideration.

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    Financial: Disaster planning

    Sept. 16/23 2013; Volume 27/number 11 By Bart Basi Unfortunately, businesses in this country and all over the world face a gauntlet of peril. From rising fuel and commodity prices to clients filing bankruptcy on their payables to those not paying due to adverse credit climates, maintaining a business is a challenging endeavor for any line of work. However, there are threats even beyond the day-to-day and year-to-year challenges.

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    Financial: Retroactive tax laws

    By Bart Basi Volume 26/Number 26; May 13/20, 2013 In January, Congress enacted the Taxpayer Relief Act of 2012. Within the law, over 100 changes were made to the Internal Revenue Code. Many of the laws were made retroactive to January 2012. Here is a partial discussion of the more commonly used credits and deductions that have been made retroactive to Jan. 1, 2012.

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    Floor Covering News

    21st Annual Award of Excellence Survey

    Press Release

    Milliken enhances Imagine collection with new patterns

    Spartanburg, S.C.—Milliken has expanded its Imagine Figurative collection for residential interiors with four texture-based designs. The new designs—Casual Craft, Grayton, Slimline and Somerton—are small-scale broadloom patterns that are easy to

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    American OEM achieves Indoor Advantage Gold Certification for hardwood products

    Burns, Tenn.—American OEM Hardwood Floors has achieved Indoor Advantage Gold Certification for its hardwood flooring products. Indoor Advantage Gold certification assures that building material products support a healthy indoor environment

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    Emser Tile opens Tampa branch, receives Houzz ‘Best of Design’ award

    Los Angeles—Emser Tile has opened its 71st branch location in Tampa, Fla. this week—marking the company’s fifth location in Florida. Emser continues to grow their presence throughout North America, expanding

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