Years ago I taught two programs for Wayne State University entitled Starting a Profitable Small Business and Running a Profitable Small Business. Inevitably one of the most pressing issues for those starting a business had to do with finding the money they needed to kick things off while for those already in business the issue [...]
Well the IRS is at it again. Feeling emboldened as a result of the existing administration’s mission to squeeze as much tax out of individuals and businesses as possible, so that it can be redistributed to support those that want to depend on government for their existence, the IRS has announced another round of what [...]
In my associates last blog he dealt with the importance of weeding out underperforming employees. The business climate we are immersed in today demands it. The article I have attached “Job Performance: Necessary – But Not Always Sufficient” takes it a step further in its thoughtful analysis of how to measure when to sack a [...]
What is going on with tax law and the related planning reminds me of the words to a David Bowie song written perhaps too long ago for most of you to remember. The title of the ditty is “Changes” and the lines that come to mind go like this; “Ch-ch-ch-ch-Changes Turn and face the strain [...]
Barbara Weltman writes a terrific article delineating a few of the many changes that will impact businesses and individuals in her article “Tax Rules You Should Know About for 2011.” Two of the changes I find particularly interesting. First the “Grants for wellness programs”, on the surface, appears to be a wonderful idea IF at [...]
For years now our firm has had an annual retreat which we have found to be extremely helpful. As the author Shira Levine, Freelance Writer for American Express Open Forum suggests, retreats don’t have to be budget busters and, in fact, can be done locally and therefore cost effectively. Typically, in the fall of each [...]
Dick Morris targets not only the United States, but also the State of Michigan in particular, when he indicates that we aren’t far removed from the crushing wave of the economic tsunami now sweeping over Greece and other members of the EU. To those of us that have resided in Michigan most of our lives [...]
In the June 2010 issue of the Journal of Accountancy the “News Digest” reports that yet another scam is being perpetrated against unsuspecting small business owners, this time under the guise of securing funds from the U. S. Small Business Administration (SBA). Clearly the criminal mind, whether operating on Wall Street, inside the worlds largest [...]
The risk of an IRS audit is increasing, particularly for small to medium-sized businesses. To a large extent this is driven by an administration that has so leveraged this country financially that they have had to add thousands upon thousands of revenue agents to aggressively pursue taxes as a revenue source. The result will be [...]
Those of you that have been around long enough are no strangers to government attempts to force national health care down your throats. Recall that no sooner was that fine upstanding American Bill Clinton put into office, January 20, 1993, he named our now Secretary of State, then First “Lady” Hillary Clinton to head a [...]
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