Financial

  • Financial: Estate planning—Leave it to the pros

    September 11/18, 2017: Volume 32, Issue 7 By Roman Basi   We all know the old saying, “Leave it to the experts.” Well, several recent estate tax cases clearly show us individuals who set up estates but are not specialists can create a lot of problems for their clients. Attorneys, accountants and other professionals that do not specialize in this area of the law are warned their actions might hurt

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    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

    Press Release

    Carpet One reveals 2017 pink ribbon welcome mat

    Manchester, N.H.—Carpet One Floor & Home released its 2017 collection of pink ribbon welcome mats to support breast cancer research, with 18 new mats that are stylish, humorous or whimsical to

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    Armstrong Flooring raises Airbase dealers to ‘Elite’ status

    Lancaster, Pa.—Armstrong Flooring has announced that all 12 AirBase Carpet and Tile superstore locations have achieved Elite Retailer status. The retailers serve markets in Delaware, Pennsylvania, Maryland, South Jersey and

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    Galleher, 3M provide support for fire relief

    San Francisco—Galleher and 3M are partnering to help those impacted by the fires in California. Both companies are sending food, clothing and supplies to people in need in Napa, Solano

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