Administration Expenses (3 of 6): Cutting Interest Charges & Legal Expenses - John M. Leask II CPA/ABV, CVA

Administration Expenses:

Part 3 of a 6 part series

Warning Signs:

    • Increased administrative expenses.
    • Increased overhead expenses.
    • Significant adverse deviations from budget.

  • Significant increase in a particular line item’s cost.


  • Interest Charges: Reduce them.
  • Interest Charges: Use spare cash to pay down lines of credit.
  • Interest Charges: Pay down revolving debt, or pay off long term debt if there is no need for the funds.
  • Interest Charges: Refinance mortgages to trim interest costs.
  • Interest Charges: Refinance loans when it will trim interest costs.
  • Key Man Insurance: Protect your company’s most valuable asset: you!
  • Legal Expenses: Use lawyers correctly and early.
  • Legal Expenses: Standardize and reduce.
  • Legal Expenses: Settle or use alternative dispute resolution.

Back to The Business Doctor

>>Administration Expenses (1 of 6): Cutting Administration Expenses
>>Administration Expenses (2 of 6): Cutting Insurance Costs
>>Administration Expenses (3 of 6): Cutting Interest Charges & Legal Expenses
>>Administration Expenses (4 of 6): Cutting Supply & Telephone Costs
>>Administration Expenses (5 of 6): Printing, Rent & Misc. Costs
>>Administration Expenses (6 of 6): Training & Utility Costs