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Signature Analytics’ Team Grows 67% in 2017

Signature Analytics’ Team Grows 67% in 2017

We believe greatness is built from the ground up, which is why we invest in recruiting top talent. Since kicking off 2017, we haven’t stopped growing; adding over 30 new employees to our dynamic team and being named the #13 Fastest Growing Private Company by San Diego Business Journal.

Every member of our team has a name, a story, and a voice. We are proud of creating a strong culture at Signature Analytics where our employees can collaborate, grow, and excel in their profession.

And, with a great team like this, happy hours are always a bit happier.

 

new hires 2017

Say hello to our newest team members!

 

Interested in a career with us? Check out our openings here:

 

 

 

Signature Analytics’ Founder and President, Jason Kruger, Returns to San Diego’s 760AM Radio Show “It’s Your Money and Your Life”

Signature Analytics’ Founder and President, Jason Kruger, Returns to San Diego’s 760AM Radio Show “It’s Your Money and Your Life”

 

In case you missed it, Signature Analytics’ Founder and President, Jason Kruger, was featured live this past Saturday on It’s Your Money and Your Life.

Richard and Joe welcomed Jason back as they discussed the benefits of being an agile company, what it takes to be successful and how that success positively effects your clients, along with Signature Analytics’ nomination as one of San Diego’s Top 100 Fastest-Growing Private Companies for a second year in a row.

Listen Now:

 

It’s Your Money and Your Life is a talk radio show on 760AM KMFB San Diego. On the show, Richard Muscio and co-host Joe Vecchio, feature notable guests and provide valuable information on financial and business matters as well as other issues about your life and your leisure.

Listen to more It’s Your Money and Your Life podcasts commercial-free at www.iymoney.com.

The 2017 Tax Attitude: Where Does Your State Stand? [INFOGRAPHIC]

The 2017 Tax Attitude: Where Does Your State Stand? [INFOGRAPHIC]

Here’s a breakdown of the states with the least and most business-friendly tax systems, according to the 2017 State Business Tax Climate Index.

Note: Number 1 is the most friendly. Number 50 is the least friendly.

The Top 10 States With Business-Friendly Tax Systems


1) Wyoming

  • One of only 9 states to not tax individual income
  • Doesn’t levy gross receipts tax or corporate income tax
  • No taxes on intangible assets (i.e. stocks, bonds, and bank accounts)

2) South Dakota

  • Like Wyoming, no gross receipts tax
  • No tax on individual wages or corporate income

3) Alaska

  • No individual income tax or state-level sales tax
  • Depends heavily on taxes on petroleum revenues
  • Does feature high corporate income tax rates: 9.4%

4) Florida

  • No individual income tax
  • Does feature an Alternative Minimum Tax (AMT) on corporations
  • Sales tax of 6%


5) Nevada

  • No corporate or individual income taxes
  • Does impose gross receipt taxes
  • State sales tax rate of 6.85%

6) Montana

  • No state or local sales tax
  • No taxes on intangible personal property

7) New Hampshire

  • No state sales tax
  • Scores poorly on corporate tax base
  • While the state does tax individual income, it doesn’t tax wages or salaries

8) Indiana

  • Flat state sales tax rate of 3.3%
  • Corporate income tax rate will drop to 4.9% by 2022
  • Individual income tax will drop to 3.23% by 2017

9) Utah

  • Best ranking of any state that imposes corporate taxes
  • Single-rate income tax of 5%
  • Sales tax of 4.7%

10) Oregon

  • No state sales tax
  • Although high income tax rate: 9.9%.
  • Features multiple-bracket corporate income taxes

 

The 10 States With the Least Business-Friendly Taxes

50) New Jersey

  • High property tax
  • Heavy state and local sales tax rates
  • Features one of the worst-structured individual income taxes

49) New York

  • High individual tax income rate
  • High property taxes

48) California

  • Highest top individual tax income rate in the country at 13.3%
  • High AMT on corporations and individuals
  • Highest state sales tax at 7.5%

47) Vermont

  • High personal income tax: 8.95%
  • Scores terribly on property tax rate

46) Minnesota

  • High corporate income tax rate
  • High personal income tax rate: 9.85%
  • High state sales tax: 6.8%

45) Ohio

  • Stiff gross receipt taxes
  • Income tax rates of 4.9%
  • Sales tax: 5.75%

44) Rhode Island

  • Second highest state sales taxes: 7%
  • High property tax rate: 4.94%

43) Connecticut

  • High corporate tax rates: 9%
  • AMT on individuals, in addition to high personal income taxes
  • Only state with a gift tax

42) Maryland

  • High individual income tax
  • Property taxes are high and vary widely
  • Features an estate tax and an inheritance tax

41) Louisiana

  • Heavily taxed business inputs
  • Features high intangible property taxes

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7 Social Media Tips for Business

7 Social Media Tips for Business

At Signature Analytics our people are more than finance and accounting experts, we are trusted advisors. We leverage our network and recommend solutions to make sure your business is firing on all fronts. Recently, we attended a workshop on Social Media for Business. This event was sponsored by San Diego Venture Group and presented by Chance Shay at (W)right On Communications.

The term “Social Media” can mean different things depending on your audience. LinkedIn is often the best-suited social channel for business while Facebook, Twitter, and Instagram can crossover based on the type of business and purpose. Is your business properly represented and well connected on these platforms?

Here are the main takeaways from this workshop:

  1. Know your audience – this will help determine your message and how to deliver it.
  2. To be successful use different platforms (LinkedIn, Facebook, Instagram, Snapchat, WhatsApp, etc.) and cross-promote your content. This will ensure you reach a wide audience.
  3. To be successful online, you need: Paid, Earned, Share, Owned (PESO) – everything is connected.
  4. Timing is critical to control messaging – leverage all channels that your audience uses.
  5. Have an online strategy plan with clear goals, measure the effects (likes, hits to the site, clicks, emails, engagements, etc.), have a baseline and get better every month.
  6. Be consistent – being consistent will help create brand recognition.
  7. Hire experts or at least have an online consultant who can keep you on the leading edge of trends.

Regardless of your industry, social media gives your business the platform and opportunity to reach prospects and customers on a global level! Contact us today to set up a consultation with one of our Market Presidents. As your trusted advisors, we want to learn about your business as a whole. Not only can Signature Analytics provide a full accounting and finance team, we also offer services that best fit your business including ongoing accounting and financial analysis. Let us provide the analysis you need to effectively run your company, analyze operations, and guide business decisions!

Is An Unlimited Vacation Policy Right For Your Business?

Is An Unlimited Vacation Policy Right For Your Business?

[gap height=”15″]Unlimited vacation policies (also known as discretionary time off or unlimited PTO policies) have become increasingly popular as companies are constantly looking for new ways to attract and retain high quality employees. Companies such as Netflix and Virgin have led the way by adopting and implementing unlimited vacation policies which remove the restrictions of a set number of days (vacation, sick, etc.) an employee can take paid time off from work.

Could an Unlimited Vacation Policy Work For Your Company?

pto-policyUnlimited time off policies can benefit both employees and the bottom line, but is it the right fit for your business?

Before adopting an unlimited vacation policy, your company should weigh the benefits and pitfalls listed below. Furthermore, it’s important for a company to determine if such a policy would be a good cultural fit as well. The graphic to the right is from the Society for Human Resource Management (SHRM) and includes some great tips for deciding if an unlimited vacation policy is right for your company.

Benefits

  • Empowers your employees by giving them the flexibility to create their own schedule and sends the message that you trust them to manage their own tasks and responsibilities.
  • Can give your company a competitive edge when recruiting and attracting top-talent.
  • Can result in less administrative work for the company as it relates to tracking time-off requests and vacation accrual balances.
  • The lack of vacation accrual means you do not have to report a liability on your books and you can potentially avoid large PTO accrual payouts when employees leave the company.

Pitfalls

  • Employees may be covered by State Disability Insurance and/or the Paid Family Leave Act, which would allow the employee to take paid leave, if eligible. This could lead to abusive activity against the company’s policy to the disadvantage of the company.
  • If you convert to an unlimited vacation policy from another type of PTO policy, you may need to pay out your employees their accrued PTO to-date. This could be a heavy cash flow hardship for the company and should be considered before making a policy change.
  • Each state has different laws and regulations regarding accrued vacation that may make unlimited vacation policies unlawful. These should be looked at prior to implementing a new policy.

Implementing an Unlimited Vacation Policy

Before determining whether your company should adopt an unlimited vacation policy, the current PTO policy, size of the company, and future of the company should all be considered. If you do decide to make the switch, we strongly suggest consulting your legal counsel to assist in writing and creating your policy to avoid any legal woes in the transition.

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Super Bowl Little-Known Facts

With the football season coming to an end, we thought we would share some little-known facts about the Super Bowl in preparation for the off-season:

  1. If you had bet $100 that the first score in the Super Bowl would be a safety, you would have won $5,000
  2. The Super Bowl is measured in Roman numerals because a football season runs over two calendar years
  3. Over 700,000 footballs are produced annually for official NFL use and 72 of them are used for the Super Bowl
  4. There has never been an overtime game in Super Bowl history
  5. The Minnesota Vikings have played in 4 Super Bowls but have never led at any point during any game
  6. The Detroit Lions, Houston Texans, Jacksonville Jaguars, and Cleveland Browns have never played in a Super Bowl
  7. Super Bowl Sunday is the second biggest eating day of the year in the United States; Thanksgiving being the biggest
  8. A little more than a third of the people who attend the Super Bowl deduct it as a corporate expense
  9. The players on the winning team receive $92,000 and those on the losing team receive $46,000 for playing in the Super Bowl
  10. The state hosting the Super Bowl receive taxes from the players for the eight days they will be there. The taxable income is calculated by taking the 8 days and dividing it by the number of duty days the players have in 2014 and multiplying it by their full-year salaries. It is estimated that Peyton Manning will owe about $57,000 in taxes to New Jersey.

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