Parties, gifts and taxes

December 1, 2013

Deck the halls, and take a tax deduction. By Mark E. Battersby Tent renters and event planners are experts at throwing parties, but may have less understanding of the tax implications of such expenses when they throw their own holiday parties or give gifts, bonuses or awards. These are often tax deductible, but can also …

Assessing injury and illness prevention programs

April 1, 2013

Are injury and illness prevention programs too complicated and expensive for small businesses? An internal OSHA study of nine SHARP (OSHA’s Safety and Health Achievement Recognition Program) firms, ranging in size from 15 to 160 employees, found that the firms achieved the following as a result of their programs: A reduction in the number of …

Trade show strategies

December 1, 2012

Get the most out of a trade show by strategizing before you leave home. By Sarah Lapping Industry manufacturers, suppliers and sponsors spend many hours preparing for trade shows. But if you are an attendee, do you prepare for a trade show or do you just show up? If you are planning to just show …

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Successful succession planning

October 1, 2012

An effective succession plan encourages a smooth management transition while minimizing transfer taxes. By Mark E. Battersby Sooner or later, everyone contemplates retirement. For those who own a closely-held or family tent and party rental or fabric structure business, retirement is more than just a matter of deciding to not go to work anymore. In …

The best insurance policy

June 1, 2012

Does your company have the right insurance coverage? By Matthew Davis Don’t automatically assume you’re protected—or that your insurance is right for your business. According to one national survey, nearly 60 percent of businesses are seriously underinsured. In the event of a major claim, the survey showed that those who are underinsured could find that …

Cash in on tax write-offs for capital investments

August 1, 2011

By Mark E. Battersby Thanks to the 100-percent “bonus” depreciation write-offs created by the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010, many U.S. tent and event rental businesses are discovering that capital investments in equipment are more affordable today than ever before. Unfortunately, many of the tax write-offs that make these …

Business basics

April 1, 2011

Position your company for growth. by Dave Sanders The past few years have been tough on businesses of all sizes, but especially tough on small businesses. This year looks to be a continuation of the slow but steady economic recovery. Many economists agree that the real key to sustained recovery is job growth, and big …

Tax tips for equipment maintenance decisions

October 1, 2010

Fix or replace, depreciate or write off? By Mark E. Battersby In today’s economy, the question is not whether to fix or replace equipment, fixtures, business assets or even the building housing a business, but rather which path will be the most affordable. Will the business benefit more from an immediate write-off for repairs, or …

Determining your business’ worth

April 1, 2010

Do you know where you stand? What is your business worth? According to Gary Stansberry, if you are an owner or manager, you should be able to answer that question immediately, or at least at the touch of a button. Stansberry, a partner with Hageman, Stansberry & Associates, a leading mergers and acquisitions firm in …

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Cutting costs with care

December 1, 2009

Think like your customers before making cost management decisions. By Marc Hequet Getting a grip on how to emerge from difficult economic times is challenging even for the most seasoned business people. It may be tempting to fiddle with prices and expend significant resources in scrounging for new business, but experts advise a different path. …