Archive by Author

It’s time for a little “crisis tax planning”

For those of you small business owners that haven’t taken the time to check in with your CPA regarding your tax status, it’s time! The good news is that if you do the planning between now and the end of the year, you can still minimize the amount of tax you will be faced with [...]

Independent Contractor vs. Employee Controversy

The IRS has announced a voluntary program that provides an opportunity for taxpayers to reclassify their workers for employment tax purposes. The contractor vs. employee controversy is one that has been on the radar screen for the IRS for decades, however, the actual attempts by the government to convert contractors to employees for payroll tax [...]

The Importance of Keeping Score

In his article “How Keeping Score Keeps you Accountable”, Mr. Moltz addresses the daily monitoring he must go through in light of his diabetes issue and uses his diabetes to emphasize the significance of monitoring the day to day results for any business. The article serves as a reminder of the importance of both counting [...]

“Perception is a mirror not a fact”

As I read the John Mariotti article “The Power And Danger Of Self Fulfilling Prophecies” I am reminded of a quote I read decades ago “Perception is a mirror not a fact”.  As with the young painter and other characters in the story illustrating Mr. Mariotti’s point, we are all prone to follow the pack, [...]

Back to Basics

Barry Moltz’s article “Does Your Business Have a Debt Ceiling Problem?” puts in laymen’s language the only two reasons why a business should borrow and suggests if a business needs to borrow what resources to use to determine what your business can afford. While the article is very basic, I honestly believe that in many [...]

Money Matters

While I initially felt that “6 Bad Money Habits And How To Break Them” might be a little basic for our group, as I reflected on the clients we have served over the last 30 years, I realized that “back to basics” as a theme never hurts. One of the first points the author makes [...]

Time for a Transformation (iPad 2)

It has always been my goal as a business man to stay well ahead of the competition on the technology front. Staying true to this goal has enabled our firm to more efficiently satisfy our client needs and, as such, enhance not only our profitability but theirs as well through reduced professional fees. With that [...]

Full Disclosure

Like most kids growing up I had to learn the importance of telling the truth. To encourage that Dad used to say “You will be in far less trouble telling me the truth than if you lie to me.” The message was clear; either way there will be an undesirable consequence BUT coming clean always [...]

1099 Reporting Requirements

Most business owners should cheer that the House voted to repeal this reporting requirement for businesses that was slated to take effect in 2012. The Senate is on board with the repeal as well but the issue is how the estimated revenue from this reporting requirement will be replaced. In my opinion this reporting change [...]

We Have Become an Embarrassment

Honestly my father and his generation (World War II Vets) would be absolutely appalled at the lack of manners that exists in today’s world. Seriously, how many of you “men” actually stand up when a woman leaves the table? When was that last time you stood up when she returned? How about opening the car [...]