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RFBM CPAs
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Why an Employee Handbook is Necessary

Susie wanders in half an hour late two or three times a week. James checks his personal e-mail and monitors Internet auction prices at work. They’re both good workers -- but they’re giving the other employees the wrong message. If you have problems like these, it might be time to create an employee handbook.

Sound too "corporate"? The truth is, even very small businesses can benefit from having an employee handbook. Having things in writing puts your employees on equal footing, gives you rules to enforce, and helps new hires learn the rules quickly.

Mission statement. Start your handbook by painting the big picture: What is your company all about? What are your goals? A mission statement can help your employees feel more like part of the team.

General policies. This is where you spell out your dress code; your hours of operation, pay periods, and holidays; the company policy on telephone and Internet use; and other general information.

Leave. This section covers your policies on sick leave, vacation time, maternity leave, jury duty, personal and funeral leave, and military duty.

Benefits. Here’s where you provide information about any health, disability, or life insurance, or any other benefits you provide.

Discipline. This part can get tricky. Some courts have considered employee handbooks as legally binding contracts. Check with an employment attorney for help and advice.

For more tips on how to keep business best practices front and center for your company, visit our website at www.rfbmcpa.com
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Is your Business Growth slowing?

It’s reassuring to remember that downturns are a normal part of the business cycle. And, just as there are strategies that help businesses thrive during profitable times, there are basic survival tactics that businesses can employ when the outlook is less than rosy.

Control Spending
Finances should be your fundamental concern when economic conditions are unsettled. When sales slow, it’s time to preserve your cash. Look closely at how you can reduce overhead. Make certain that all your operating expenses are necessary. Even if you’ve recently made cuts, see if there are other measures you can take. Unless absolutely necessary, consider putting plans that call for capital investment on the back burner until conditions improve.

Maintain Customers
While containing costs is essential, maintaining your customer base is also crucial. So, when you’re deciding how to trim spending, make sure you don’t make cuts in areas that deliver real value to your customers. At the same time, watch your receivables. Make sure your customers’ accounts stay current.

Click https://bit.ly/2MgPt4r to read more of this article.

Want to get more tax tips? Visit our website at www.rfbmcpa.com
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RFBM CPAs is now part of Haynie & Company!
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Together we can help others while having fun!

RFBM CPAs believes in giving back to our community. Now that we have merged into Haynie & Company we are raising funds to benefit Junior Achievement. We can help them achieve their dreams and reach their potential.

Join us for the 2018 Haynie & Company Golf Tournament to benefit Junior Achievement!!

If you are interested in golfing, or sponsoring the event in any other way, join us on August 29th!! Please reach out to Alison Checketts at AlisonC@hayniecpas.com or call her at (801) 529-6390 to register!

We have teamed up with Junior Achievement, a not-for-profit, to help raise funds for their cause through this golf tournament. Junior Achievement provides Kindergarten-12th grade programs that foster work-readiness, entrepreneurship and financial literacy skills, and use experiential learning to inspire students to dream big and reach their potential.
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How to Keep More of Your Investment Income

With investment income, the important thing is how much you keep, not how much you earn. Ignoring the impact that income taxes can have on your investments is a mistake. If you want to hang on to more of your investment income, here are some strategies to think about.

Invest in Individual Securities
Investing in mutual funds offers two advantages: instant diversification and professional management. The disadvantage is that, taxwise, you give up control. The fund managers -- not you -- decide when to sell securities and, consequently, when capital gains are realized. Those gains will be taxable to you when the fund distributes them, usually on an annual basis.

You don’t necessarily have to have owned the fund when the capital gain was realized to receive a distribution. A fund may have undistributed gains that you’ll receive a share of at year-end. When you invest in individual securities, you avoid these timing issues.

Click here to read more of this article https://bit.ly/2MsFR2R

Visit our website at https://bit.ly/2OxHiy7 to get more tax tips.
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Consider This Before Lending Money to a Family Member

Your daughter wants to start her own consulting business, but she needs cash for start-up costs. Should she ask you for the money? Should you lend it to her?
It's difficult to say "no" when a close family member asks to borrow money. If you're thinking of asking for a loan or making one, having guidelines to follow may be helpful.

Before You Borrow
If you believe your business plan is a good one, present it to a lending institution first. The lender will evaluate your plan impartially and give you the loan if the plan has merit and you otherwise qualify.

But, if your only option is to approach your family, draw up a written loan agreement specifying an interest rate and time frame for repayment. Give your relative as much information as possible about your business plan so that he or she can make an informed decision about lending the money. A new business is a risky venture. Don't accept money from a relative who can't afford to lose it.

Click here https://bit.ly/2NYKcLn to read more of this article.

Want to get more tax tips? Visit our website at https://bit.ly/2OxHiy7
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Together we can help others while having fun!

RFBM CPAs believes in giving back to our community. Now that we have merged into Haynie & Company we are raising funds to benefit Junior Achievement. We can help them achieve their dreams and reach their potential.

Join us for the 2018 Haynie & Company Golf Tournament to benefit Junior Achievement!!

If you are interested in golfing, or sponsoring the event in any other way, join us on August 29th!! Please reach out to Alison Checketts at AlisonC@hayniecpas.com or call her at (801) 529-6390 to register!

We have teamed up with Junior Achievement, a not-for-profit, to help raise funds for their cause through this golf tournament. Junior Achievement provides Kindergarten-12th grade programs that foster work-readiness, entrepreneurship and financial literacy skills, and use experiential learning to inspire students to dream big and reach their potential.
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Mountain View Title & Escrow, Inc. provides title insurance and escrow services for all real estate actions from residential to commercial and everything in between. When you need to sell, purchase, refinance real estate, prepare seller financing paperwork, do a 1031 exchange, title report, foreclosure report, or non-judicial foreclosure we are the people to call. We also specialize in new development and construction title work and have been in business for over 38 years.

Website: www.mvte.com
Contact Number: (801) 619-1600
Email: trent@mvte.com

Visit our website at https://bit.ly/2JSt1fV to learn more about our Trusted Referral Advisors.
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Register Now!

New Tax Law Update - Real Estate Agents can Save Thousands in Federal Income Taxes

By Hal Rosen, Partner at RFBM CPAs PLLC

The new federal tax law will have a major impact on business owners and their business and personal taxes. Who are the winners and the losers with our new tax law? Hal will cover the major highlights and show examples that compare 2017 income taxed with the 2017 law compared to the same income taxed with the new 2018 tax law, including one small business owner who will now save $50,000 in federal taxes in 2018! Now is the time to be strategizing to take full advantage of the Tax Cuts and Jobs Act of 2017.

Most business owners face challenges understanding the new tax law, identifying the changes that will impact their 2018 taxes, and knowing how they can benefit from the changes. This training will help you address the most important aspects of the new law, and show you how to take advantage of the tax law to reduce your tax burden!

Seating is limited and pre - registration is required. Call our office today at 801-288-1222 or send an email to info@rfbmcpa.com to register.
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New Tax Law Update - Real Estate Agents can Save Thousands in Federal Income Taxes

By Hal Rosen, Partner at RFBM CPAs PLLC

The new federal tax law will have a major impact on business owners and their business and personal taxes. Who are the winners and the losers with our new tax law? Hal will cover the major highlights and show examples that compare 2017 income taxed with the 2017 law compared to the same income taxed with the new 2018 tax law, including one small business owner who will now save $50,000 in federal taxes in 2018! Now is the time to be strategizing to take full advantage of the Tax Cuts and Jobs Act of 2017.

Most business owners face challenges understanding the new tax law, identifying the changes that will impact their 2018 taxes, and knowing how they can benefit from the changes. This training will help you address the most important aspects of the new law, and show you how to take advantage of the tax law to reduce your tax burden!

Seating is limited and pre - registration is required. Call our office today at 801-288-1222 or send an email to info@rfbmcpa.com to register.
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