The continued use of cash is surprising, given its inconveniences and the risk consumers face in carrying it around. Love it or hate it, however, cash is playing an increasingly smaller role in society, especially with pond retailers, distributors, and manufacturers. As cash rapidly becomes obsolete — welcome to the new, cashless world for pond […]
Read MoreMany pond companies use independent contractors to cut down on labor costs and get projects finished. But thanks to new legislation, the IRS has much different standards for what constitutes a “nonemployee” than you might realize — and miscategorizing your workers could cost you a pond-load. Is worker misclassification putting your company at risk?
Read MoreDo you understand the nuances of capital purchases? Are you using these nuances to your advantage? If not, you may be making critical mistakes that cost you money each time your company buys equipment. In this must-read, in-depth article, Mark Battersby explains the many options and tools that could make a huge difference for your business.
Read MoreNatural disasters and on-site accidents can destroy companies overnight. Is your pond business protected against unexpected loss? No matter the size or value of your business, insurance is an essential precaution you can’t afford to be without.
Read MoreQuickly learn about the different business entities that are available to the businesses in the pond industry. You have heard them before – Sole Proprietor, Partnership, LLC, and Corporation. There are tax benefits/detriments to each of them. What will fit your business best? A 25-year veteran will wade through each of the choices and help you confirm your current status, or consider a change.
Read MoreEver wonder how you can improve and increase the credit for your business? Here is an in-depth article including nine steps on how to Establish Business Credit. Learn what trade credit is and four ways to get more of it. Build your business credit now so you don’t have to rely on just your personal credit when you need that financing.
Read MoreShould you provide discounts? What are the Pro’s and Con’s of discounting? You may even be able to profit by offering discounts. When a discount is offered to you by a manufacturer do you take advantage of it, and why you should or should not. Do you know what “2/10 net 30” means? Accounting may not be your forte, so learn from a 25 year accounting professional to help you make informed decisions.
Read MoreWho wants to pay more taxes then they have to? Take a look at critical tax information compiled specifically for the pond industry. Learn from a 25-year tax veteran to take full advantage of available tax deductions. Learn how calculating things such as Web site development costs, mail list, marketing, and entertainment expenses can have a bonus impact on your bottom line.
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