at One Riverway Suite 1700, Houston, 77056 United States
Asher & Company is a leading provider of driver-based planning, performance measurement and cost management solutions; helping companies to improve value.
Asher & Company is a leading provider of driver-based planning, performance measurement and cost management solutions; helping companies to improve profitability and shareholder value. Services + Performance Management + Profitability and Cost Management + Financial Consolidation + International Business Development + Offshore Operations + International Tax Specialists
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Where to incorporate Most businesses incorporate or form an LLC in the state in which they primarily operate. Advantages of choosing your home... state include: Typically the least complicated option Usually costs less than incorporating in a different state and registering with your home state Avoids paying franchise taxes and filing annual reports in more than one state Many companies conduct business throughout the U.S. and abroad. A corporation or LLC with business locations in multiple states may incorporate in a single state and then register to do business in the additional states. This means that companies must formally register, file annual reports, and pay annual fees to conduct business in multiple states. Contact one of our Business Specialists who can help you better understand how to incorporate a company in your home state or a state that offers the best benefits suited to your type of business. If you are outside the U.S. and unfamiliar with the various options afforded by several key states, Asher's team of specialists can also help you learn more about how to incorporate a business in the United States and choose the right state.
“Executives in profitable companies couldn’t tell us how they made money, and executives in unprofitable companies could.”
5 Tips for Preventing and Dealing with Non-Paying Clients Late or non-paying clients are a hard fact of business. Small businesses in particular are vulnerable because they lack the accounting and legal resources to deal with these customers, with collections falling squarely on the shoulders of the business owner. Likewise, smaller firms and sole proprietors eager to acquire new clients often rely on loosely structured quotes, estimates, statements of work and other non-binding agreements to secure new business. Here are some approaches that your small business can take to mitigate the risk of dealing with late or non-payment, as well as some options for collecting that debt. Develop a Payment Policy and Discuss It with Your Client Part-payment policies by which a client pays a portion of your fee up front are common in service-based businesses – particularly where you need to make an upfront investment in inventory or equipment to get the job done. Try to secure 50 percent of your fee up front if you can. You should also agree on invoicing terms in advance. If your client is a consumer, be aggressive with your final payment terms – 7-10 days upon receipt of invoice is normal. For business clients (B2B), the industry standard these days is 30 days. Many companies can deliver within 15 days - particularly smaller, more agile business clients - so don’t be afraid to ask and negotiate. Consider a Late Payment Fee A late-payment fee is basically an incentive to pay on time. You will need to build language around this into a contract or payment policy before doing any work. Late fees are typically a percentage of the total bill (usually 6-10 percent per year, although you should check this with a lawyer). Any interest charged on late payments might also be subject to state laws, which limit the amount of interest that can be charged. Put a Collections Plan in Place There are many reasons why a client won’t pay, but if you have delivered services or products in good faith and the client has not complained about your business, these soft measures can help you deal with any non-payment: Re-issue past due bills - As soon as your first bill is past due, reach out to the client and ask them if the bill was received and is in process. You may need to re-bill as a gentle reminder. You can also send a monthly statement with the outstanding amount owed (with interest, if your policies or contract stipulate a late fee) clearly labeled as past due. Get to know your client’s accounts department – If payment is still not forthcoming, seek out the accounts payable department (call the client front desk or operator). Check whether the invoice was received and if you can help in any way. All the while, maintain a steady and friendly relationship. Don't hang up until you get a verbal agreement confirming when the payment will be made. Follow-up over e-mail confirming the conversation and maintain a paper trail. If this fails, bring it to the attention of a VP or President of the company. Don’t apologize - Stick to your guns and never apologize for chasing payment. Offer a payment plan – You may want to offer a payment plan, especially if you have a good relationship with the client and they are having cash flow problems. If All Else Fails – Threaten Legal Action and Be Ready to Report the Client If your “soft” approach has failed and the invoice runs past due more than 60 days, you may need to threaten legal action and/or report the client to the Better Business Bureau. Alternate options include working with an attorney to issue a demand payment letter or filing with a small claims court if the arrears is under $3,000. The latter is a cheaper option since a lawyer need not be involved. If Your Client Files for Bankruptcy If you suspect bankruptcy is in the cards – look out for a lack of communication from senior employees, adverse industry conditions, etc. – consult an attorney and always file a proof of claim. Once a bankruptcy petition has been filed, the debtor has the benefit of an automatic stay. This prevents you from taking any further action to collect the debt unless, or until, the bankruptcy court decides to the contrary.
Planifique su plan, no pierda su tiempo. El plan estratégico es cuantificado en el presupuesto el cual juega un rol muy importante en aterrizar el plan de negocio a través de acciones coordinadas, desde luego cuando se hace adecuadamente, para fortalecer la toma de decisiones para las personas que están a nivel estratégico, táctico y operativo. Lee articulo completo: https://app.box.com/s/dnfe0nj14msk0ykx3bul
Moving to Gibraltar - Isn't it time you made your move? Isn't it about time to start thinking about moving to Gibraltar? The goalposts are being moved over and over again and the screws are being tightened on businesses and individuals alike in the world's larger financial centres. In England, there’s already a 50p income tax for those earning more than £150,000 a year as well as the one-off super tax of 50% on any banker’s bonuses over £25,000. In Switzerland, the canton of Zurich has abolished the lump sum tax regime and it is feared that others might follow suit. The solution taken by an increasing number of funds managers, bankers and other high-net worth individuals, has been to relocate to a 'friendlier' jurisdiction, one where the benefits of a sophisticated and well-developed finance centre within Europe can be enjoyed in tandem with the advantages of the Mediterranean lifestyle. British professionalism and predictability of law allied to a quality of life that's second to none. Welcome to Gibraltar! There are obviously a number of aspects to consider when choosing a new jurisdiction for your business and/or your family. We believe moving to Gibraltar ticks all the boxes. Gibraltar's location, two and a half hours flying time from London and within the central European time zone means that there are only advantages to be had from relocating home, business or both here to Gibraltar. Located on the Mediterranean and therefore in continental Europe yet endowed with a familiar, reliable and predictable common-law system, you get the best of both worlds. Combine this with the easy and developing connections from Gibraltar Airport to London, Manchester, Madrid and Barcelona, you have access to a number of international hubs, all within a couple of hours of the Peninsula. For its size, Gibraltar boasts one the most diversified small economies in Europe with no over-reliance on any one pillar of its economy. Gibraltar's economy is built on our offerings in the Tourism sector, shipping and port services and, of course, financial services. We have a very well-developed single-day visit tourist product which attracts millions of visitors a year, feeding local small product and service businesses. Gibraltar's location at the entrance to the Mediterranean is also responsible for significant revenues from a well-developed shipping and port services industry. Financial Services has, over the last 20 years represented a large part of Gibraltar's economic development in the years following the Ministry of Defence's downsizing of its presence in Gibraltar. Gibraltar has its own legal system, which is based on the English model, with variations introduced by local statutes termed ‘Acts’, from time to time, in keeping with the development of Gibraltar as a finance centre. Gibraltar is at liberty to enact its own tax legislation independent from the United Kingdom as confirmed by the European Court of First Instance in their decision on 18 December 2008. It has a diverse Financial Services offering which exploits Gibraltar's status as part of the EU and the subsequent passporting advantages available to Gibraltar licensed institutions. This, coupled with a dynamic and approachable Regulator in the guise of the Financial Services Commission makes Gibraltar a very attractive jurisdiction for business looking for a new home. Gibraltar offers a variety of taxation and financial products, allied to a fully developed industry of Fiduciary Services and vehicles such as protected cell companies, asset protection trusts and a variety of funds products. In terms of personal taxation, Gibraltar’s high-net-worth individual tax status offers a low tax regime for the wealthy individual looking to relocate whilst the gross income based regime means that anyone making up to £50,000 will pay income tax at a rate of only 25%. No capital gains tax, no wealth tax, no inheritance tax or tax on dividends or pension income add up to more than just an interesting prospect. Gibraltar is today a real alternative. There are circa 20,000 people in permanent employment in Gibraltar, local and foreign. Gibraltar's location allows it to take advantage of a large number of foreign workers and professionals who take up residence across the border in the local Spanish area whilst working in Gibraltar. More than 50% of school leavers in Gibraltar go on to further education in the UK which puts local UK trained professionals at the disposal of local business. Lawyers, accountants and business graduates are the most common. The home of Miss World 2009, the advantages Gibraltar offers are many and varied. It is no coincidence that the biggest names in private and retail banking, insurance and online gaming are proud to call Gibraltar home too. Isn’t it time you made your move?
PLANNING, BUDGETING & FORECASTING Sales Planning and Forecasting
PROFITABILITY & COST MANAGEMENT Customer / Product Profitability
Branch / Store Profitability
Shared Services Chargeback
eCFO Strategy ROIC Digital Business Valuation
Corporate / Shared Services
CONSOLIDATION AND DISCLOSURE MANAGEMENT
SAP Profitability and Performance Management Activity Based Cost Management
Asset and Capacity Management
SAP Enterprise Performance Management Profitability and Cost Management
Business Planning and Consolidation