strategy - Linkenheimer LLP CPAs & Advisors

Is There a Weak Link in Your Supply Chain?

In an increasingly global economy, keeping a close eye on your supply chain is imperative. Even if your company operates only locally or nationally, your suppliers could be affected by wider economic conditions and developments. So, make sure you’re regularly assessing where weak links in your supply chain may lie.

3 common risks

Every business faces a variety of risks. Three of the most common are:

1. Legal risks. Are any of your suppliers involved in legal conflicts that could adversely affect their ability to earn revenue or continue serving you?

2. Political risks. Are any suppliers located in a politically unstable region — even nationally? Could the outcome of a municipal, state or federal election adversely affect your industry’s supply chain?

3. Transportation risks. How reliant are your suppliers on […]

By Linkenheimer LLP|2020-09-03T20:04:30+00:00August 7th, 2018|business, strategy|0 Comments

A Midyear Review Should Go Beyond Financials

Every year is a journey for a business. You begin with a set of objectives for the months ahead, probably encounter a few bumps along the way and, hopefully, reach your destination with some success and a few lessons learned.

The middle of the year is the perfect time to stop for a breather. A midyear review can help you and your management team determine which objectives are still “meetable” and which ones may need tweaking or perhaps even elimination.

Naturally, this will involve looking at your financials. There are various metrics that can tell you whether your cash flow is strong and debt load manageable, and if your profitability goals are within reach. But don’t stop there.

3 key areas

Here are three other key areas of your business to review at midyear:

1. HR. Your people are your most valuable asset. […]

By Linkenheimer LLP|2020-09-03T20:04:38+00:00June 14th, 2018|business, strategy|0 Comments

In Honor of National Philanthropic Day (November 15th 2014)…

Have you considered charitable giving as a tax planning strategy for 2014?

It’s that time of year again! As we enter into the holiday season (which based on the local Target store is now officially the day after Halloween) of festive parties, family gatherings, and of course, gift giving, it creates a natural opportunity for those who are charitably inclined to consider yearend charitable contributions. In addition to the philanthropic aspect of charitable giving, it also can be used as an effective estate and yearend tax planning tool.

Most American households make their charitable gifts in cash, with the corresponding tax deduction allowed as an itemized deduction on their individual tax returns. In most instances, taxpayers may deduct up to 50% of their adjusted gross income (AGI) for cash gifts made to public charities. For gifts that exceed the 50% threshold, the contribution deduction is carried forward for a five year period.

For those who plan on incorporating charitable giving into their estate and tax planning strategies, gifting of highly appreciated property (stock, mutual funds, real estate) can be an extremely valuable tool that is often overlooked. This tax planning strategy is derived from the general idea […]

By Linkenheimer LLP|2020-09-03T20:05:43+00:00November 6th, 2014|charity, strategy, tax planning|0 Comments

Planning for the new Medicare taxes in 2013

As summer quickly passes and we head into the last half of 2013, it is a good time to evaluate your income and deductions for the year and begin working with your CPA on planning strategies to reduce your overall tax burden.

Specifically, upper income individuals should be aware of the additional Medicare Tax which applies to earned income (wages and self-employment income). Prior to this new tax provision beginning in 2013, any wages paid to you by your employer were subject to a 2.9% Medicare payroll tax, which was split equally by you and your employer (1.45% each). Beginning in 2013, wages above $200,000 for individual tax filers, or $250,000 for married taxpayers filing jointly, will be subject to an additional .9% Medicare tax.

For illustrative purposes, this would mean that if you and your spouse file a joint tax return and have combined wages of $350,000, you will end up paying an additional $900 in Medicare taxes. Employers are required to withhold this additional tax for employees with wages in excess of $200,000, and any underpaid or overpaid Medicare taxes will be adjusted for on your income tax return. Individuals with both wages and self-employment income aggregate their earned […]

By Linkenheimer LLP|2020-09-03T20:05:50+00:00July 26th, 2013|2013, 3.8, best, carli ortiz, CPA, Linkenheimer, medicare, planning, Santa Rosa, strategy, tax, upper income|0 Comments