The promise of green energy has been a key driver of economic policy for several years. Solyndra Turns Promising Technology Into Political Scandal The promise of green energy has been a key driver of economic policy for the past several years. Energy generated from renewable sources emitting limited pollution would spur the creation of millions of jobs. That was the vision. The reality has been quite different. Green jobs have failed to materialize despite significant financial and … [Read more...]
The Most Business-Friendly States In The Country
Relocating your business is a headache no matter where you're going. Here are the most business-friendly states in the country. Relocating your business—whether across town or across the country—is a grueling, complicated and expensive process. I’ve gone through this several times, relocating from D.C. to Buenos Aires to New York and to New Jersey, with more waiting around the corner. There are a number of steps you can take to be as productive as possible during a relocation process. But those … [Read more...]
A Revolution In Mobile Payments Is Underway””Are You Ready?
User-friendly, cost effective mobile payment technology is about to enter the market. How can you prepare? I vividly remember a conversation I had about 15 years ago with a technology guru and electrical engineer. We were discussing—actually he was talking and I was listening—the future of mobile technology. He spoke of the future mobile phone as a platform that would allow consumers to accomplish multiple tasks from making calls to sending information, to even using it as a personal barcode … [Read more...]
The Financial Meltdown May Happen Sooner Than Expected
Mike Periu explains the sudden falling of the global markets and Why The Financial Meltdown May Happen Sooner Than Expected. When I recently wrote my column on potential catalysts of financial crisis, I made a mistake. I assumed that these events may come to fruition in 2012. It looks like the world decided not to wait. The global markets entered panic mode recently. Numerous concerns about the condition of the European economy, the U.S. economy and the Chinese economy led to massive sell offs … [Read more...]
IRS Cracking Down “Gifting real estate”
Gifting real estate is becoming quite common these days. Make sure that you're complying with IRS regulations. Mom and Dad are successful business owners who spend all of their time in New York. Junior lives in Florida, about 20 minutes away from the condominium his parents bought but never used. As a gift for his upcoming wedding, mom and dad decide to give Junior the condo. A few years later they are shocked to receive a notification from the IRS about the transfer. Don’t let this happen to … [Read more...]
Where To Keep Your Money Safe
During these volatile economic times, there are still ways to make good investment decisions. Here's how. This year has been very volatile when it comes to money. Stocks, bonds, currencies and commodities have seen significant price increases, decreases or both. It seems as though every week a new crisis—real or imagined—is making news around the world. This news leads to as much as tens of billions of dollars a week being transferred from one investment type to another. It’s enough to give … [Read more...]
Private Equity Firms Are Cashing Out
Private Equity Firms Are Cashing Out - Should You? Is this an early warning for business owners to sell? Canaries used to serve as an early warning system for coal miners. Before the existence of computerized monitoring systems, coal miners used canaries to monitor the buildup of toxic gases. These tiny birds are far more sensitive to methane and carbon monoxide than humans. Male canaries also love to sing. When the canaries in the mine stopped singing that meant they were probably dead and … [Read more...]
Will Your Business Benefit From A Tax Holiday?
A tax holiday is a temporary reduction or elimination of a tax to achieve a short-term benefit. Is it good for business? A tax holiday is a temporary reduction or elimination of a given tax. Usually it is enacted in order to achieve a short-term benefit. The American Jobs Act proposed by President Obama could be considered a tax holiday because it eliminates certain taxes (payroll taxes) for a limited amount of time in the hopes that it will spur employers to hire more workers. The benefits of … [Read more...]
Another Attack On E-Commerce: New Internet Sales Tax Proposed
Mike Periu explains the New Internet Sales Tax: The Main Street Fairness Act and how it could affect your business if you sell products online. As the battle over spending cuts versus tax increases plays out in Washington, a second battle is underway. This battle isn’t a challenge between competing philosophies about taxation. It’s a battle between distribution channels. In one corner, we have the up and coming challenger known as the Internet. He’s nimble, efficient and growing in strides. In … [Read more...]
Mergers And Acquisitions Is Making A Comeback
Given all the economic challenges facing our country, why are mergers and acquisitions increasing? Despite all of the economic challenges facing our country at the moment, mergers and acquisitions activity (“M&A”) is showing signs of improvement. During the second quarter of the year—the most recent period for which statistics are available—over 2,000 M&A transactions were successfully completed. (The value of these transactions exceeded over $260 billion.) For the first half of the … [Read more...]
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