9 ways to kill a financing - or any major negotiation

Article Abstract:

Nine basic errors most commonly committed in negotiating a financing or any major deal are enumerated and discussed. These pertain to insufficient preparation for a transaction, poor follow-up, neglecting standard lending criteria, insufficient legal and accounting advice, non-documentation of requests, a large gap between initial interest and closing, a non-compromising negotiating stance, last-minute requests and inadequate knowledge of the workings of the money market.

Methods, Negotiation, Negotiations

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Your tax records: what can happen if your documentation is inadequate

Article Abstract:

Business owners should ensure that adequate documentation is in place to defend themselves from any action the IRS may make against them. Without proper tax records, the IRS can disallow deductions, establish zero cost basis on capital assets, audit for intermingling of funds, reorganize taxable income and assess negligence and accuracy penalties. Penalties and assessments for late filing, late payments and frivolous returns should also be avoided.

Management, Tax administration and procedure, Tax administration, Business records

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