Being in the Black

Being in the black can mean a lot of different things. For most business owners, it means being profitable. When a business owner sets out on a new venture, establishing a profitable business is one, if not the only, driver. Unfortunately, too many entrepreneurs get lost in the day-to-day tasks of running the business and forget their main purpose.


As your accounting professional and Profit and Growth Expert we apply The Universal Business Model to help maximize the profitability of your business. Each month we apply our financial expertise, combined with access to a variety of analytical tools, to assess your business’s financial position and progress.

With our help you can improve your business’s financial position using The Wisdom Pyramid. Here’s a short list of what you will accomplish:

Know how your business stacks up against the competition using the professional business assessment we provide.

Recognize your business’s strengths and weaknesses, and use that awareness to improve your profitability. Consider this a Day with your CFO.

Identify trends that expose what is both helping and hindering to your business.

Take advantage of tax benefits through regular reviews of your tax position.

By gathering the necessary information through the bookkeeping and accounting process, we will analyze the data and help you make the changes required to improve your business’s profitability. Whether you need a financial audit or review, we can help move your business forward.

The Controller.Net

Global Enterprises Trust has a saying, “Longevity is Success”. The team at “The Controller.Net” has over 75 years of experience in the area of payroll processing, monthly financial reporting, personal financial reporting, systems integration and automation. Many of our operatives have prepared pro forma budgets and been involved in budget analysis. This detailed analysis of variances can be used to assist companies determine their appetite for business development and help them make better decisions in their day to day business operations.


Teaming arrangements between our organization and that of our clients can improve cash flow. Our expertise in the area of preparing business plans; strategic planning and contract management can put your company on the cutting edge or turn your business bottom line from red to black. Accounting tricks are not needed to improve our client’s position, but what is needed is tax planning and strategy that lowers tax liability and promotes growth. All this translates into an organization that can take advantage of opportunity.

Let us provide the infrastructure that your organization needs to help finance growth utilizing debt, equity and hybrid structures. Our organization wants to help you obtain funding using equities, tax credits and/or bonds. Engaging our team as your consultants and accountants will give you a superior administration and finance department without the cost associated with this labor intensive operation. Use us as the tool that is usually reserved for major Wall Street organizations seeking public funds that maintain GAAP and GAAS accounting infrastruture. Eligible clients seeking capitalization using securities can engage our team to guide them into becoming a CDE, as well as showing them how to use securities as a revenue generator and funding vehicle. Invest in your future and improve your customer relations and financial backbone, because now you can improve your customer retention and market share

Our government relationships, management programs and marketing strategies will put your company far ahead of the competitor. Our project management expertise can assist you in delivering the deliverables on time. Our company provides real time management, essential proposal writing, centralized purchasing opportunities, internal and external reports that combine to result in a favorable bottom line.

Increase your organizations equity by engaging our team for the purchase of real estate or to guide you through mergers and acquisitions. Real time reports mean getting meaningful information for decision making that translates into sales, revenue and accounting profits. Our team provides seminars that give away more information than our competitor’s sale. Our team adds value every step of the way. Our value added proposition is integrated in a way that qualify many of our clients for equity infusion from tax credits. Our team can assist you in establishing the correct business form i.e. LLC, LLP, Inc., Trust, or a Sole Proprietorship. We are ready to deliver; so, what are you waiting for to engage our team?

Hyatt Regency....You Better Watch Out!

Water for ElephantsI recently stayed at your hotel in Jacksonville Florida and I valeted my vehicle, I left that evening to purchase food and returned my vehicle to valet that evening. I checked out that morning. My passenger and drivers doors opened for me and my luggage loaded. I drove 30 minutes and pulled over for gas. I returned from the attendant cashier and got a look at my front hood and noticed a 4 inch scratch and dent on my vehicle. I contacted the hotel and a claim form was faxed to me. I completed the claim form and contacted the management regarding the status. Mr. Liscomb said that he had completed his investigation and that he would not honor my claim because I had not realized the damage before I checked out of the hotel. I am sure that all parties will claim that they are obsolved of liability. I valetted my vehicle in care your establishment and upon it's return it was not in the same condition as it was in when I released it to your care. The reason I stayed in your establishment rather then choosing a motor lodge or a motel 6 or any other hotel is because I have an expectation of care, service and responsibility. Until this is resolved I can't really tell the difference between your organization and any other hotel establishment that is along the side of the road. This never happened at Ritz Carlton, Intercontinental, or Marriot, but it did happen on your watch. I can definitely see why this organization made the mistake of not bringing resolution to this, but I can afford the repair. I just wanted to give you and your affiliates the opportunity to do the highest and best action that you could offer. What I have gotten so far is that no one wants to own any responsibility for wrong doing. The fault then is mine for choosing irresponsibility over responsibility. I am sure that you can relate to this. No legal issue here just a moral issue.


Thanks

Chet Jones

Funding Options Using New Market Tax Credits, Bonds and Equity

Obtain information on New Market Tax Credits. I will also forward more information on NMTC and other funding options to anyone that leaves their email address in the comments area or anyone that request information at secureprojectz@gmail.com

If you have any questions please contact me at 404-825-6604 and if you would like to speak with any of the team members they will be ready to answer any questions you may have.

Team Members

Chet Jones- finance and strategic consultant for business development and funding. Mr.Jones has the capacity to fund deals using bonds, private equity, and institutional investors. Mr. Jones has worked with Ted Turner in day to day operations when Ted was running Turner Broadcasting.

Al Collins managing partner- Raintree Holding Group (CDE) Community Development Entity which the New Market Tax Credit must flow through CDE to fund deals in low income communities. Also Mr.Collins has extensive relationships with HUD,private investors, and government entities that focus on urban mixed use development.

Michelle Jones

Comfort Systems USA is the team she work with. Comfortsystemsusa.com which will fund and build commercial projects

where the principals will keep control of 35% of the project and no equity position is needed after completion.

– Ms. Jones is the Founder, President and CEO of Eternal Life Changers, Inc.,

parent company of THE` Emmanuel, LLC of New Orleans, LA. She is responsible for strategic

planning, business development and capital acquisition for the company. Prior to founding Eternal

Life Changers, Ms. Jones served as a grant writer for the University of Connecticut, where she wrote

and received many grants, as well as, served as the administrator for all the grants in excess of

$90,000,000.00. The Cancer Center, General Clinical Research Centers, and Green House Effects

in the inner cities, are some of the projects over the last 17 years that Ms. Jones spearheaded for the

University of Connecticut. Ms. Jones was solely responsible for getting the location, employees,

supplies, computer systems, and administration of Governmental grants for these projects. Currently

she is the manager of Total Community Action Federal Credit Union in New Orleans, Louisiana. In

less than 5 ½ months of her tenure at the credit union, she has successfully secured in excess of

$500,000 that will be used to provide low interest loans to members of the community. Seventeen

years of financial experience and 12 years of Management experience has prepared her with

incredible skill with knowledge of Local, State, and Federal rules and regulations.

Lernie C. Jones – Mr. Jones is VP of Operations & Vice-President of Logistics, THE` Emmanuel,

LLC of New Orleans, LA. He founded J & J Rehabilitation & Construction Co. in 1987. J&J was

incorporated in Nov.1990. Mr. Jones, a 2 generation tradesman, is a graduate of Southern Illinois

University 1987 with a degree in Construction Engineering.

Mr. Jones has 20 years of experience in construction and development management. Now

as president of J&J Rehabilitation and Construction Company of Chicago Ill, a subsidiary of J & W

Development, J & J Holding. Currently J & J Rehab and Construction are in engaged in building 2

condo towers on an $181M project.

Mr. Jones is also heading up development on South King Drive for single family homes which are a

$36M project, and in Aug of 2007 one of the homes was featured on Forbes magazine as one of the

best houses under $1m with such amenities. They range from $920,000 to $940,000.

Mr. Jones’ Affiliations include the following:

• Black Contractor’s United

• African American Region Committee

• Signator, Chicago Carpenters Union

• Cosmopolitan Chicago Chamber of Commerce

• Building Association of Americaichelle Jones
--

Ahmed Wadsworth

Single Parent Tax Credit: Kick off the Tax Refunds

Refunds for many taxpayers will be the bridge funds that pave the way to the new car, new home, new business or needed vacation.  This year the child tax credit is $1,000 per child.  The difference between this tax credit and most other tax credit is that it results in a refund check.  Most tax credits are used to reduce tax liability and are these credits are applied to tax liability which could increase your refund or lower the payment to the IRS. 

There are ways to increase your refundable tax credits, but that is a plan that must be implemented during the tax year and the benefits will be captured at the end of the tax year.  Self Employment Tax will be higher this year. Switch to a payroll system which would generate a W-2 instead of a 1099 to capture your earned income then you will give less to Uncle Sam and your refund will be higher. 

Make plans during the tax year that will give you a higher refund so that you can get the most out of your spending.  The spending moves that result in higher refunds or not expensive and can be implemented by the average person.  Make plans for your success and eliminate failure from your future.  Find out more by emailing questions to taxmax@rocketmail.com or by following and commenting at this blog.

by Chet Jones

INSIDE JOB: New Documentary Exposes How 'Banksters' Continue To Steal Ou...

Lower Tax Liability - 5 Things to do before year end.

Self Employed Individuals will be hit with a higher tax liability.  Many individuals are sole stock holders in their LLC, S Corp or Sole Proprietorship.  Avoiding the higher tax liability can occur by simply implementing a payroll system or contracting a 3rd party to prepare your pay checks so that you treat yourself as an employee of your company.  At Year End your will receive a W 2. 

 Assets that have been fully depreciated and still in service should be sold to LLC's, S Corp's or Sole Proprietorship's that are in need of depreciation shields.  This will start the depreciation clock ticking again and shield future income with non-cash deductions.

Invest in projects or vehicles that provide tax credits.  Tax credits offset tax liability.  Spend extra cash on vehicles that provide you with lower expenses in the upcoming year and tax credits that offset tax liability such as energy efficient appliances, mechanical, capacitors and solar panels.

Year End Profits should be placed in deferred compensation.  Year End IRAs with gold acquisitions would be an excellent direction for your money if year end profits are huge.  Year End Real Estate transactions should be executed as 1031 Exchanges to avoid taxes.

More information can be provided by contacting Chet Jones at 770-895-4385.