Category Archive: Finance/ Bookkeeping/Payroll/Accounting

Jun 08 2013

Building Owners Save Big Money with Cost Segregation

John Ervin Close-up

Commercial building owners can save thousands of dollars using a lesser-known tax accounting technique called tax segregation. John Ervin CPA of Frost PLLC joins Business: Engaged! host Carrie Perrien Smith. John will explain what cost segregation is.

A few months ago, we talked about how building ownership is one way business owners create wealth.
Those who buy their buildings can save on their taxes as well. There is a lesser-known tax accounting technique called tax segregation that can save them thousands of dollars more.

In this episode of Business: Engaged!, we welcome John Ervin CPA of Frost PLLC. His area of specialty is construction and real estate. He’ll explain what cost segregation is and how much it can save building owners on their taxes. He’ll give some examples and talk about who is most likely to benefit the most.

To learn more about Frost PLLC, visit their website at www.frostpllc.com.

If you’d like to listen to the episode on how to build wealth with building ownership, click here.

In the product and service spotlight, we feature Trident Coaching Systems. They are John Maxwell-certified coaches who work with business professionals. They talk about how their work helps clients go from good to great.

And I’m taking you with me on my journey to write my next book. I’ll share my process for writing the book and give you updates on my progress. This week, I talk about choosing your book title. If you want to catch the previous episode where I talked about getting your topics organized using mind-mapping, click here.

Episode airs Saturday, June 8 at 8:00 a.m. CST.

Click on the player below to listen to this episode.*

Click here to listen to other episodes of Business: Engaged!

* If the show stops playing while you are listening, consider clicking on the Play in Your Default Player link under the audio window.

Listen to internet radio with Business Engaged on BlogTalkRadio

Click here to check out past episodes. You can follow the show on Twitter at @businessengaged too. Be sure to LIKE our Facebook page so you’ll find out when the next show airs. Click here to go there. We love it when you tell others about the show so take a minute and post this link for your Facebook friends or Twitter followers.

 

Episode 45

Permanent link to this article: http://businessengaged.com/how-cost-segregation-saves-building-owners-money/

Apr 10 2013

Accelerating Tech Startups with the ARK Challenge

jeannette-balleza

ARK Startup Accelerator Challenge director Jeannette Balleza joins Business: Engaged! host Carrie Perrien Smith. They talk about how this mentorship-driven business accelerator program is launching technology startups.

Today’s technology has opened up an almost-unlimited number of startup possibilities. The internet allows us to work anywhere and do business with almost anyone. That is why tech startups are providing options that we never dreamed possible 20 years ago. And tech startups are creating new economic drivers that are shaping the future of business communities around the world.

In this episode of Business: Engaged!, we welcome Jeannette Balleza. She is the director of The ARK Startup Accelerator Challenge. The program debuted in 2012 and is now selecting their next set of tech startups to lead through this three-month journey.

Based in Northwest Arkansas, the most recent ARK Challenge has drawn over 80 applications from 14 states and 14 countries. They will select just 10 companies for this program that offers each one $20,000 in seed money, free office space during the program, access to over 50 mentors, and the chance to present their idea to investors at the end of the program. It is a dream-come-true for entrepreneurs who have grown accustomed to creating these startups on a shoestring budget using a laptop in a coffee shop.

You can follow Jeannette on Twitter at @netscribe or click here to learn more about Jeannette’s company.

You can follow the ARK Challenge on Twitter at @ARKChallenge, on Facebook at http://www.facebook.com/arkchallenge  or visit their website at http://www.arkchallenge.com/.

And I’m taking you with me on my journey to write my next book. I’ll share my process for writing the book and give you updates on my progress. This week, I talk about getting your topics organized using mind-mapping. If you want to catch the previous episode where I talked about setting goals and planning for book writing time, click here.

Episode airs Friday, April 12 at 10:00 a.m. CST.

Click on the player below to listen to this episode.*

Click here to listen to other episodes of Business: Engaged!

* If the show stops playing while you are listening, consider clicking on the Play in Your Default Player link under the audio window.

Listen to internet radio with Business Engaged on BlogTalkRadio

Click here to check out past episodes. You can follow the show on Twitter at @businessengaged too. Be sure to LIKE our Facebook page so you’ll find out when the next show airs. Click here to go there. We love it when you tell others about the show so take a minute and post this link for your Facebook friends or Twitter followers.

 

Episode 44

Permanent link to this article: http://businessengaged.com/accelerating-tech-startups/

Feb 15 2013

Building Wealth: How Smart Business Owners Do It

chris-hurn

Are you passing up your best wealth-building tool? Chris Hurn, cofounder and CEO of Mercantile Capital Corporation joins host Carrie Perrien Smith on Business: Engaged! He’ll talk about when and why it makes sense to purchase commercial property.

Cash flow is king when it comes to small business financial success. Most business owners perceive they cannot afford to own the building where they operate. Others don’t want to tie up their cash with a big mortgage payment. But with property values and interest rates at historic lows, this might be the wealth-building opportunity of a lifetime.

In this episode of Business: Engaged!, we talk with Chris Hurn. He is the co-founder and CEO of Mercantile Capital Corporation, a nationwide, commercial lending firm that specializes in SBA 504 loans for business owners who want to own their commercial property.  In his new book, The Entrepreneur’s Secret to Creating Wealth: How the Smartest Business Owners Build Their Fortunes, he reveals how the smartest business owners build their fortunes.

Click here to learn more about Mercantile Capital Corporation.

Click here to learn more about the book. Click here to visit the Facebook page for the book.

Follow Chris on Twitter at @thechrishurn or on Facebook page at http://www.facebook.com/504experts .

 

And Carrie is going to talk about one of the best ways for your employees to build leadership experience so they can advance. Volunteering can provide an opportunity to build leadership, communication, project management, and teamwork skills, all while helping the community. She’ll give tips for helping employees connect to important opportunities.

Episode airs Saturday, February 16 at 9:00 a.m. CST. Click here to listen to this episode.*

Click here to check out past episodes. You can follow the show on Twitter at @businessengaged too. Be sure to LIKE our Facebook page so you’ll find out when the next show airs. Click here to go there. We love it when you tell others about the show so take a minute and post this link for your Facebook friends or Twitter followers.

* If the show stops playing while you are listening, consider clicking on the Play in Your Default Player link under the audio window.

Episode 38

Permanent link to this article: http://businessengaged.com/building-wealth/

Jan 28 2013

Handling Unhappy Customers

willie-johnson

Every company has an occasional unhappy customer. Performance and training consultant Willie Johnson joins host Carrie Perrien Smith on Business: Engaged! to talk about handling unhappy customers so the company can recover the relationship.

Every company has to deal with an unhappy customer from time to time. Sometimes it is because of a mistake and product problem. Other times, there is a disconnect between customer expectations and the company’s promise. But how the company handles that unhappy customer determines whether the company preserves the customer relationship.

In this episode of Business: Engaged!, we talk with performance and training consultant Willie Johnson about handling unhappy customers. He’ll share ideas for preserving and recovering that customer relationship.

Click here to learn more about Willie Johnson.

And in the product and service spotlight, we feature Tiburon Financial. They are a third-party medical billing and debt collection agency. We talk about what you need to know about handling the clients that owe you money.

You can sign up to receive our e-mail newsletter Business: Engaged! Direct so you’ll be the first to know when we post a new show. Visit our website at www.businessengaged.com to listen to past episodes. And don’t forget to connect with us on Twitter at @businessengaged and Facebook (just search for “Business Engaged”). We love it when you tell others about the show so take a minute and post this link for your Facebook friends or Twitter followers. Click here for the list of past shows.

Episode airs Thursday, January 31 at 10:00 a.m. CST. Click here to listen to this episode.*

Click here to check out past episodes. You can follow the show on Twitter at @businessengaged too. Be sure to LIKE our Facebook page so you’ll find out when the next show airs. Click here to go there. We love it when you tell others about the show so take a minute and post this link for your Facebook friends or Twitter followers.

* If the show stops playing while you are listening, consider clicking on the Play in Your Default Player link under the audio window.

Episode 36

Permanent link to this article: http://businessengaged.com/handling-unhappy-customers/

Jan 10 2013

Creating Stronger Teams

scott-huse

Strong, productive teams are diverse. Management consultant Scott Huse joins host Carrie Perrien Smith on Business: Engaged! to talk about understanding and utilizing each team member’s personality, skills, and talents to bring out the best in them.

We want the best people we can get on our teams. But even the best people in the wrong roles can’t do their best work for the organization. It all comes down to understanding and utilizing people’s personalities, skills, and talents. And the best teams make sure they have a variety of people on that team.

On this episode of Business: Engaged!, we talk with management consultant Scott Huse about how leaders can utilize those differences to create a stronger team.
In the product and service spotlight, we feature Jeremy Turley of The Payroll Company. He’ll talk about the benefits of outsourcing payroll and how inexpensive it can be.

And I’ll talk about your work neighborhood — the other owners and managers in the commercial district where your business operates. It’s a prime networking and peer relationship opportunity that most of us probably leave on the table.

Episode airs Friday, January 11 at 10:00 a.m. CST. Click here to listen to this episode.*

Click here to check out past episodes. You can follow the show on Twitter at @businessengaged too. Be sure to LIKE its Facebook page so you’ll find out when the next show airs. Click here to go there. We love it when you tell others about the show so take a minute and post this link for your Facebook friends or Twitter followers.

* If the show stops while you are listening, consider clicking on the Play in Your Default Player link under the audio window.

 Episode 34

Permanent link to this article: http://businessengaged.com/creating-stronger-teams/

Jan 03 2013

Why Every Business Needs a Bookkeeper

 

martha-avens

Are you still doing your own quarterly tax reports and payroll? Bookkeeper Martha Avens joins host Carrie Perrien Smith on Business: Engaged! to talk about why and how to find the right professionals to handle your bookkeeping and payroll requirements.

One of the first services a business needs to outsource is bookkeeping and payroll. Government reporting requirements are becoming more challenging every year. Not having a knowledgeable person on board to handle the details can cost you money and productivity. And chances are you can make ten times more doing what you do best than you would pay a bookkeeper to handle your accounting and payroll tasks.On this episode of Business: Engaged!, we talk with Martha Avens of Avens Rose Bookkeeping about year-end reporting requirements, how and why to outsource your bookkeeping, and how to hire a full-time person when it is time to bring the bookkeeping function in-house.

In the product and service spotlight, we feature Justin Mills of Farmers Insurance. He’ll talk about commercial insurance and how to make sure your business has the proper coverage.

And could networking just over six hours a week generate 47 percent of your business? Research says yes, but who has the time? I’ll define the different types of networking activities. I’ll also explain how to determine which ones you should devote your precious networking time to.

Click here to listen to this episode.*

Click here to check out past episodes. You can follow the show on Twitter at @businessengaged too. Be sure to LIKE its Facebook page so you’ll find out when the next show airs. Click here to go there. We love it when you tell others about the show so take a minute and post this link for your Facebook friends or Twitter followers.

* If the show stops while you are listening, consider clicking on the Play in Your Default Player link under the audio window.

 Episode 33

Permanent link to this article: http://businessengaged.com/why-every-business-needs-a-bookkeeper/

Dec 27 2012

Taking Control of Your Debt

joanneh-nagler-with-book

JoAnneh Nagler, the author of The Debt-Free Spending Plan joins us on this episode of Business: Engaged! to talk about how to take control of our debt.

Credit is often the lifeblood for businesses so most carry some debt. Some get loans and most use credit cards. But one thing that the economic struggles of the last two years have taught us is that too much debt paired with an economic downturn can mean the end for a business. The same thing can happen in our personal lives too. On this episode of Business: Engaged!, we talk with JoAnneh Nagler the author of The Debt-Free Spending Plan to share her insights about how to take charge of debt and move toward living a debt-free life.

To learn more about JoAnneh Nagler and her book, visit her website at www.debtfreespendingplan.com.

In my product and service spotlight, I feature Heather Pile of Inspired Grace Events. She’ll talk about how companies benefit by using event planners for their company events. Today’s event planner isn’t just for weddings.

I had a database failure with the Business: Engaged! website and lost six months of my show descriptions, which I now have to rebuild.  You might be saying, “Just restore it from your backup.” That is a great idea and I thought I had a backup — until I realized I didn’t. I’ll tell you how that happened and what I learned so you can protect your valuable data.

Episode airs Thursday, December 27 at 9:00 a.m. CST. Click here to listen to this episode.

Be sure to check out past episodes. You can follow the show on Twitter at @businessengaged too. Be sure to LIKE its Facebook page so you’ll find out when the next show airs. Click here to go there. We love it when you tell others about the show so take a minute and post this link for your Facebook friends or Twitter followers.

Episode 32

Permanent link to this article: http://businessengaged.com/taking-control-of-your-debt/

Sep 24 2012

Valuation for Privately Owned Businesses

barbara-taylor-synergy-business-services

Barbara Taylor talks about business valuation in this episode of Business: Engaged!

Business valuation isn’t just used when selling your business. It can serve as a periodic checkup. You’ll see the process used to estimate the value of a partners’ ownership and in retirement planning. It is necessary in disputes related to estate value and divorce litigation. This show explores the topic and includes important information such as factors that affect value and different approaches to valuation.

We welcome Barbara Taylor of Synergy Business Services to the show. She is a regular contributor to the New York Times’ online feature “You’re the Boss – the Art of Running a Small Business.” Her blog Transaction addresses the mechanics of buying, selling, and valuing privately held companies. CBS MoneyWatch named Barbara Taylor one of “7 People Every Entrepreneur Should Follow on Twitter.”

To learn more about Barbara and her company, visit http://synergybiznwa.com.

Check in also for the eighth update on my city council campaign in Rogers, Arkansas. This week’s update is about creating top-of-mind awareness. To keep up with my campaign, you can visit my blog at www.carrie4rogers.com.

Click here to listen to this episode.

You can sign up to receive our e-mail newsletter Business: Engaged! Direct so you’ll be the first to know when we post a new show. Click here to our list of past episodes. And don’t forget to connect with us on Twitter at @businessengaged and Facebook (just search for “Business Engaged”). We love it when you tell others about the show so take a minute and post this link for your Facebook friends or Twitter followers.

Permanent link to this article: http://businessengaged.com/privately-held-business-valuation/

May 14 2012

Valuation for Privately Owned Businesses

barbara-taylor-synergy-business-services

Host Carrie Perrien Smith welcomes Barbara Taylor of Synergy Business Services to Business: Engaged! to talk about business valuation.

Business valuation isn’t just used when selling your business. It can serve as a periodic checkup. You’ll see the process used to estimate the value of a partners’ ownership and in retirement planning. It is necessary in disputes related to estate value and divorce litigation. This show explores the topic and includes important information such as factors that affect value and different approaches to valuation.

We welcome Barbara Taylor of Synergy Business Services to the show. She is a regular contributor to the New York Times’ online feature “You’re the Boss – the Art of Running a Small Business.” Her blog Transaction addresses the mechanics of buying, selling, and valuing privately held companies. CBS MoneyWatch named Barbara Taylor one of “7 People Every Entrepreneur Should Follow on Twitter.”

Click here to learn more about Synergy Business Services. You can also follow Barbara on Twitter at @synergybiznwa.

Click here to see Barbara’s blog posts on You’re the Boss: The Art of Running a Small Business.

Episode airs on Saturday, March 30, 2013 at 8:00 a.m. CST.

Click on the player below to listen to this episode.*

Click here to listen to other episodes of Business: Engaged!

* If the show stops playing while you are listening, consider clicking on the Play in Your Default Player link under the audio window.

Listen to internet radio with Business Engaged on BlogTalkRadio

This is an encore presentation of Episode 4.
The episode aired originally May 14, 2012.

Click here to check out past episodes. You can follow the show on Twitter at @businessengaged too. Be sure to LIKE our Facebook page so you’ll find out when the next show airs. Click here to go there. We love it when you tell others about the show so take a minute and post this link for your Facebook friends or Twitter followers.

 

Episode 4

Permanent link to this article: http://businessengaged.com/valuation-for-privately-owned-businesses/

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