review - Linkenheimer LLP CPAs & Advisors

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. […]

IRS Tangible Property Regulations and What We Can Do for You

This tax season, we are diligently working with our clients to analyze depreciation schedules with the new IRS Tangible Property Regulations in mind. The effort has paid off with finding over $3,000,000 of additional deductions on 2013 and prior capitalized assets. These additional deductions could be worth anywhere from $1,000,000 to $1,500,000 in saved federal and California income taxes. So, if we contact you regarding your fixed assets and doing a review for the new Tangible Property Regulations give us a hand because it could give you a big payback. If we haven’t talked to you, consider making contact with us regarding this review before you file your 2014 tax returns.