This short article was inspired after talking to one of my clients. This person seemed overwhelmed by, as he described them, “life demands”. He mentioned that at times between the demands from his business and home that he felt that life was hectic. I know that many of us has felt this feeling at one point of our lives, mainly due to the fast pace of our modern society which seems to overtake our time, money, and many times...
Read More
Discover Four Benefits of the Safe Harbor Expensing Rules For 2018, you can elect the de-minimis safe harbor to expense assets costing $2,500 or less ($5,000 with audited financial statements or something similar). The term “safe harbor” means that the IRS will accept your expensing of the qualified assets if you properly abided by the rules of the safe harbor. Here are four benefits of this safe harbor: Safe harbor...
Read More
By now you have learned the disturbing news involving the now widely reported Equifax data breach affecting over 143,000,000 consumers. To put the massive size of this breach in perspective, there are about 326,000,000 people in the United States. While the credit reporting agency announced the breach on September 10th, the breach actually occurred July 29, which means sensitive data from about half of the U.S....
Read More
During my 20+ years of experience I have concluded that most business ventures fail not because it was a bad idea, but because it was a poorly implemented idea; or there were entrepreneurial mistakes that ended up driving the business into a downward spiral. If you are a startup business, what will set you apart from the rest is having a plan then having the discipline to act on it. Mistakes are part of the growing process....
Read More
Summer is a good time to do some pruning on your business. Now is the time to recharge some of the areas of your business that may have been neglected recently. While you have been able to get away with a few loose ends and haphazard processes, to stay competitive in the marketplace you must make some changes in the way business has been conducted. Here is the business pruning checklist that will improve your bottom-line and...
Read More