mark battersby

Money Talk: Managing Cyber Security Risks

by Mark Battersby – The recent headlines about Internet “hacking” and security breaches have focused on large retailers such as Target, Neuman Marcus and Home Depot and big banks like JPMorgan Chase. Unfortunately, fraud and financial data losses are not limited to retailers nor to one industry. Small rural building operations and businesses are...

Money Talk: Lease or Buy? New rules to impact decision

– By Mark Battersby – Whether to buy or lease is a question facing many rural builders even as credit becomes more readily available. While there is no one correct answer that fits every situation nor every building business, compared to the simplicity of buying, leasing is far more complicated and may be getting...

Money Talk: Newer new rules for repair costs

IRS issues final regulations for builder expenses –  – By Mark Battersby – Since the inception of the Internal Revenue Code, the IRS and rural building businesses have been at odds over whether expenditures are deductible repairs or a capital expenditure. Now, after seven years of drafts and proposed rules, the IRS has issued...

Money Talk: ‘Home free’ with home office deductions

– By Mark Battersby – Everyone who runs his or her rural building business from a home office or uses a home office for management chores, will be happy to learn that the Internal Revenue Service has announced a new “safe harbor” that will allow them to deduct as much as $1,500 of the...

Money Talk: Understanding the new medicare taxes

– By Mark Battersby – Many builders, contractors face two new taxes Largely unnoticed, ignored or overshadowed by the talk about the “Fiscal Cliff,” higher tax rates, tax reform and the economy, many builders and contractors woke up on January 1, 2013, to face two new taxes. Thanks to the Health Care and Education...

CVR-RB-1212

Lease or buy? What rural builders should know when weighing the options

By Mark Ward – “Today’s variety of leasing options couldn’t come at a better time for construction businesses, which have experienced the worst market conditions we’ve seen in years,” reports William Sutton, president and CEO of the Washington-based Equipment Leasing and Finance Association. On the other hand, “This is a bad time for most...

Money Talk: Tips on how to compensate yourself correctly

By Mark Battersby  – Are you an employee of your rural building business? More importantly, at least to our lawmakers and the Internal Revenue Service, does your business properly compensate you the owner/employee for the services that you provide to the business? A number of factors contribute to the confusion that this simple question...

Money Talk: After tax deadlines, still time for making changes

By Mark E. Battersby Many rural building business owners and managers frequently find themselves caught up in the tax process — often when it is too late to have a real impact on their tax bills. Fortunately, it is not too late to benefit from last year’s transactions on this year’s tax returns. In...