mark battersby

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...

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...

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...

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...

Money Talk: The ABC’s of going LLC

by Mark E. Battersby There is a relatively new business structure on the block. While the S corporation remains the most-used type of small business entity, the Limited Liability Company, or LLC, is increasingly the entity of choice for both new and existing rural building businesses. LLCs are popular entities for...