Selling a vacation home or other property in today’s market can be difficult. Even if you find a potential buyer, the buyer might have trouble securing financing. If you’re willing to hold a mortgage on the property, you may be able to make a deal. But should you? Here are some things to think about when you are weighing the decision. Price. Since you won’t receive the full sale price up front, you should expect to receive a better price for your property from a buyer who wants you to hold a mortgage than f
Cash flow: It’s a rare small business owner who doesn’t have to worry about it. And the current economic climate has only made matters worse. Short of borrowing money, what steps can be taken to ease a company’s cash flow problems? Frequently, it comes down to better cash management. Money In Be prompt about sending out bills. Instead of using a 30-day billing cycle, bill customers immediately after goods or services have been delivered. To get cash in the door more quickly, consider offering customers a sm
In a webcast earlier this year, the IRS cautioned new 501(c)(3) charitable organizations that generating “substantial” unrelated business income (UBI) could jeopardize their tax-exempt status. But figuring out how much is too much isn’t clear cut. The Income Picture UBI is income generated by regularly conducted trade or business activities that are not substantially related to an organization’s exempt purpose. For example, if a tax-exempt museum sells tickets to a special exhibit, the activity is related t
It’s hard to imagine not using credit cards. As long as you have a handle on things and keep your debt under control, there shouldn’t be a problem. But get behind and you could end up paying — in more ways than one. The Good Buying on credit is convenient. How many people do you know who wait to buy something until they have the cash in hand? Probably very few. Want that new 3-D television? It’s easy — just charge it. And what about all those everyday things you pay for by credit card? You have the money to
With more than 300 dental professionals as clients, we understand your practice both from an operational and financial standpoint. At Bender, Weltman, Thomas, Perry & Co, PC (BWTP), we compile semi-annual dental statistics to provide you with averages that allow you to compare revenues and expenses to other Midwest practices.