Experts Share 5 Tips That Make 2008 Less Taxing And Improve Staffing Decisions

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Learn what the 5 most popular tax and staffing tips are that can improve your business decisions in 2008.

Revenue in and revenue out. The balance is profit. "This sounds simple, but you and I know that managing cash flow is anything but straight forward in today's world of business," remarks Lou Olivieri, Chief Operating Officer with Business Performance Solutions (BPS). "And then when your business makes a profit those funds pay for taxes, staff, and much more. So, what can you do to take control of your tax and staffing decisions?"

Below are five popular tax and staffing tips from the experts at BPS that can improve your business decisions in 2008:

  • Before tax season arrives evaluate your needs. If you can utilize software, identify a package that supports your business model and will allow you to complete everything in one shot by e-filing.
  • Minimize your tax burden and save money by hiring a really good accountant. Although software can be helpful, it does not do the return for you. Remember you might still need help from a tax professional, depending on how complex your return will be.
  • Consider the addition of staff after you have determined if existing employees can be reassigned without being overwhelmed. If the goal is to lightening your current employees load, investing in technology (e.g., contact management software, smart phones, and laptops) could be a valuable solution.
  • Testing the waters by hiring a qualified, temporary, or freelance employee may be an advantage. Especially if you do this with an eye towards hiring them permanently and test out the position itself to make sure it will help your business.
  • Think about ways you may be able to train staff online. This can be positive on several levels. Initially you will bring new hires up to speed quickly and longer term, you will be able to retain employees and help them grow their careers while they help build your business.

Working across several industries, for more then three decades, the leaders at BPS have improved their client's profit and loss statements with these and many other common sense tips. "We are in the business to help our clients grow their businesses," adds Bryan Olivieri, General Manager with BPS. "It is that simple."

About Business Performance Solutions    
Business Performance Solutions (BPS), based in Arizona, is a firm of business advisors specializing in the fields of architecture, construction, engineering, finance, and manufacturing. The firm utilizes 35 years of experience to identify and implement strategies that give their clients the power to grow. Day in and day out they work with domestic clients that include large companies, medium-sized businesses, and government organizations. BPS is a woman-owned business that gets results for their clients.

To learn more about Business Performance Solutions capabilities and how they can improve your company's bottom line, please contact their offices at 480.516.3948 or visit their web site at: http://www.bestbpsolutions.com

CONTACT INFORMATION:    

Lou Olivieri, Chief Operating Officer
Business Performance Solutions            
Business Advisors
V: 480.516.3948
Website: http://www.bestbpsolutions.com

Kelly Isley, Partner
Corcoran Associates            
Business Advisors
V: 480.203.0921
F: 480.998.9088
Website: http://www.corcoranassoc.biz

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