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Health Insurance Options for the Small Business Owners

Health insurance is a definite challenge for small business owners – both in cost, options and constantly changing rules. Personally, my health insurance has increased 204% over the last 8 years, with little to no change in coverage.

Staying Positive

Is easier said than done! When you have a small business, there is always too much or too little. Too much work, too little time, too much cash, too little cash, too much space, too little space, etc.

2019 Tax Planning Ideas to Reduce Your Year End Tax Bill – Part II

Tax time is just around the corner. Here are some steps you can take to minimize your personal income tax bill.

Ghost & Darkness: What Scares You?

One of my favorite movies is Ghost and Darkness, it is about two man eating lions that slow down the building of a railroad in Tsavo, Kenya in the early 1900’s. The movie stars Val Kilmer and Michael Douglas.

4 Tax Planning Ideas to Keep More & Reinvest in 2019

Small business Owners put blood, sweat and tears into their business every day. Fall is the time to plan to minimize your tax bill for 2019, legally. Get informed and in control of your tax situation. These are general year-end business tax planning tips. It is critical to consider your personal and business circumstances before implementing any ideas.

Act III

The curtain is rising, but the play has not been written yet. I just celebrated my 60th birthday and 15 years at FOCUS CPA. I read about a concept of dividing your life into 3 Acts. Our life expectancy is about 90 years – so each act lasts 30 years. This month I am starting my Act III.

Protecting Your Small Business from Fraud

Every business, both big and small, is at risk for fraud. It can start with a trustworthy employee that runs into financial trouble. While they are working, they pocket cash from the till, they pay themselves extra hours or pay their personal bills with company funds and no one sees it. They rationalize their actions by telling themselves that they deserve it or it is just a loan. This can continue for years.

Relaxing

Ahhh. I just got back from San Diego, CA. I attended a conference and learned some new things. I also took time to relax touring the city and visiting with family. They say that all work and no play is not good for the soul. Taking vacation is a great time to revive your soul and spice up life.

How to Avoid a Tax Disaster with Hobby Income

For many people hobbies are a source of income. From crafts, eBay sales, soap making, playing in a band to selling Mary Kay, these activities can be sources of both fun and finances. It is a great way to test your ideas and determine if you have a business opportunity.

The Underdog

The definition of an underdog is “a competitor thought to have little chance of winning a fight or contest.” A person starting a new business is a perfect example of an underdog. Statistics show that a new business has a 50% chance of survival. Fifteen years ago, I started Focus CPA. My passion for what we do and my vision has carried me through the years. We have encountered many challenges: too much or too little work, over staffed or under staffed, struggled to comply with regulations and not enough cash at times. It is like riding a roller coaster with all its ups and downs and swerves, some more gut wrenching than others. It is a constant challenge, challenges that engage the heart. Despite the challenges, I love what I do.

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