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Find Your Dream

Many start their own business to take control of their life or to get away from someone’s control. Many do it for freedom to live under their rules. Ideally having your own business is a great opportunity to live your dream. In my experience the challenge is defining the dream, your dream.

Living the Dream

Many start their own business to take control of their life or to get away from someone’s control. Many do it for freedom to live under their rules. Ideally having your own business is a great opportunity to live your dream. In my experience the challenge is defining the dream, your dream.

Is This the Right Decision for Your Business?

Every day we make decisions, some big, but many are small. Some impact only you. Business decisions will impact you, your investors, your staff, vendors, your customers and possibly your family. Sorting through the details of your current situation, determining what resources are available, and the various options available takes time to sort. Being overwhelmed can cause procrastinating, but even procrastinating is a decision. So how do you improve the odds of making the right decision?

A Spring Garden

Spring is here! I have my own little spring garden and within the confines of my fenced-in backyard, a burst of color explodes in April. Yellow, red and purple are the primary colors. I like the vibrant green of grass and the start of tree buds, but the colors of spring flowers make it much more explosive. Even through the dreary rain, I can still see the splash of colors.

Abraham Lincoln Paid Income Taxes — But He Didn’t Have To

Did you know that Abraham Lincoln paid income taxes throughout the Civil War, but after his death, Treasury returned all his payments? Here’s the story…..

9 Ways to Increase and Protect Your Business Value

An entrepreneur can spend years starting and building a business. For many, we live and breathe our passion, put in long hours, and give up being with family and friends. You can invest your blood, sweat and tears trying to increase and protect your business value.

Easy to Start, Hard to Finish

My list of projects is ever growing, especially during this time of year. It’s easy to start a tax return, but find I get interrupted then go back and attack it again. Sometimes this goes on over several weeks. I do it again and again until the last piece is completed. When I prepared my first tax return this year I found it difficult to push the final button to print the return. I had to have a conversation with myself – is there anything else I can do to improve the results? Is it perfect? If there is nothing left, then just do it. All my efforts to prepare the return do not count until I file the return.

The Tax Audit From H-E-L-L…

Your chance of an IRS tax audit is slim, only 1% of tax returns are subject to an audit, and 70% of those are by mail. I have been fortunate and have had success with IRS audits. My first line of action is to be proactive and avoid trouble.

The Magic of March

The Magic of March comes in the forms of Fairies and leprechauns, rainbows, four leaf clovers and green beer. I’ve never seen a fairy or leprechaun or have drunk green beer. I did enjoy an Irish coffee at an Irish bar in Boston on St. Patrick’s Day many years ago. That brought a bit of magic to the cold, misty day.

Business Cash Management – Paying the Owner First

Personal financial planning stresses the importance of paying yourself first. Financial experts recommend that a person prepare for the future by putting money away for savings and investment. The rest is available to spend. Let’s take that same logic and apply it to business.

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