When’s the best time to plan your exit strategy? The answer may surprise you. (And even if you don’t think you need one, watch anyway because you’ll get some new ideas.) In this very informative video, Robert discusses what situations call for an exit strategy, and how to get started with that important business process.
Don’t let this happen to you. Stories surface all the time of business owners being caught off guard by employee theft. Listen as Robert shares his system for preventing employee theft.
First impression is essential – who is the first person your potential clients will speak to when they call your company? Are you losing money right from the start by the way in which customers are asked to communicate with your company? Listen to Rob’s ideas of the risk some businesses take by not thinking about that very important first contact.
Navigating through todays tax environment takes the experience and expertise of top-notch tax professionals, who can help you, not only comply with increasingly complex regulations, but also help minimize their impact on your business. At Robert Rimberg & Associates, our tax experts have been serving clients in this way for more than 20 years. Constantly changing rules and procedures means having a team who knows you, your business and the tax implications that affect it.
Our seasoned professionals will tailor their approach to meet your specific needs, helping you to manage tax risk, control costs and reap maximum tax benefits. At Robert Rimberg & Associates we look at the ‘big picture’ so that you have the right strategies in place now…and for the future.
State and Local Taxes:
Nearly all business decisions made by companies with multi-state operations have state and local tax consequences. Most companies that answer yes to any of the following questions below need a state and local tax advisor.
Does your company operate in multiple states?
Is your company entering into new states or new markets?
Is your company purchasing assets or an entire business?
Are the owners looking to sell a portion or all of their business?
With over 5,000 taxing jurisdictions, state and local taxes can become burdensome to even the simplest business organization. Although there are many bedrock principles to state and location taxation (e.g., nexus), most jurisdictions operate under their own set of guiding principles and constantly changing legislative mandates. Consequently, your tax advisor needs to be experienced and knowledgeable about the unique nature of state and local taxation.
Robert Rimberg recognizes the increasing burden of state and local taxes on our clients as most jurisdictions struggle to close budget deficits. Our State and Local Tax (“SALT”) Group specifically addresses the challenges of state and local taxes and can provide assistance with the following:
Nexus studies, which determine those jurisdictions where the company must file tax returns — whether income, franchise, sales and use, or other types of taxes
Net income and franchise tax apportionment issues, such as determining the proper manner in which to source sales, payroll and property to the various taxing jurisdictions
Sales and use taxes, such as providing taxability matrixes of sales and/or purchase transactions
Sales/use tax and property tax compliance and process review and improvement analysis
State income tax credits, such as credits for investing in certain equipment and/or increasing head count
Transactional advisory services, such as advising of the state tax consequences of purchasing or selling a business
Voluntary disclosure agreements, which is a means of settling past state and/or local tax exposures, with the most advantageous terms
Are you sure your tax adviser is providing the “State and Local Taxes” services you need? Can you afford not to be sure?
We’d love to add you to our list, where we send out bookkeeping and tax saving ideas as well as good business building practices. Just click here to sign up today.
If you are thinking about creating a partnership, you’ll definitely want to listen to Rob’s view on partnerships and partnership agreements. And, if you are already in a partnership, you will get some ideas on what to do and what to avoid. Thanks for watching!
Have you ever entertained the idea of having “Multiple Entities”, but never applied your thoughts into a real-time formula? Here are some ideas on what you can do and how it may change your perspective. Thanks for watching.
It’s easy to make mistakes when you are a small business owner and Robert Rimberg, and his team have given us help through the years. They make it effortless for me.There is a personal touch to the way Rimberg Online is run and his fees are very reasonable.” “Rimberg Online allows me to focus on [...]