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Quantum Financial (Posted: Jan 26)
Quantum Financial Management
A long term strategy is to train an existing employee with a view to taking over the reins. This offers the prospect of instilling your existing values into the next generation of your company and goes some way to ensuring a legacy; however the obvious pitfall is the realisation of capital. Unless your protege has substantial personal wealth or you are a very generous employer, will they have the funds necessary to step in and buy you out when the time comes?

If you are a business owner, regardless of what kind of business this is and no matter how small or big it is, pre-screening of applicants for employment purposes is very vital on hiring processes to avoid law suits, incurring severe damages and risking the good image of your company. One simple mistake on hiring could ruin the reputation you have build-up for years. That is the reason/s behind employment background check.


Quantum Financial Solutions
Selling a business, particularly the one that you have personally built, can be an extremely overwhelming experience especially if you are virtually clueless about the whole process.



Quantum Financial Management Possibly the simplest option is to persuade your fellow directors to buy you out. This can often be agreed quickly and without too many problems as you are dealing with people whose trust and understanding you have gained over the years. The integrity of the business remaining unaffected and the lack of disturbance on your client base and staff are also great advantages. However, this form of buy out is dependant on finance being readily available to the remaining members of the board so it is not always viable.

Unlike trade creditors, however, state and federal taxing authorities have real clout when it comes to enforcing collections. When there is a default on a payroll tax installment agreement, the authorities generally begin talking of asset seizures, and in some cases criminal prosecution.

bullet Standard Plans Both the state and the IRS have informal payment plans which are available to most taxpayers having a reasonable compliance history. In the case of the state, a 3-4-month payment plan is generally offered to pay the entire past due-tax. In the case of the IRS, a 5-6-month plan is usually available.

Both state and federal installment agreements are contingent on a number of additional commitments.

The commitments of most practical importance include avoidance of a jeopardy situation (such as an attempt to defraud the agency by disposing of company assets without payment of the liability), and staying current on all ongoing payroll tax liabilities.

Informal installment agreements are usually made by telephone and the contingent factors indicated above are often not explained except possibly in a follow-up letter. Further, the telephone representatives may not be authorized to offer payment plans which exceed the time limits indicated above. As a result, the taxpayer may feel forced to accept the payment arrangement offered. Such an arrangement does not take into consideration the problems and circumstances facing the business involved.

For more information visit: Quantum Financial or Quantum Financial