Creating Clarity in a Confusing World - Mary Guldan-Lindstrom | Focus CPA

Creating Clarity in a Confusing World

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The world we operate in has changed. Business owners are attempting to understand and follow the new rules to keep customers and staff safe and calm. Employees and employers are striving to financially stay afloat. As a business owner you can lead those around you on a path through this confusion. One option is to create clarity of your situation. …

What's my life purpose - Bouncing by Mary Guldan-Lindstrom | Focus CPA

Bouncing

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Change has been a constant the last few months. Being forced to stay home, forced to wear a mask and forced to limit contact are not my choices. It only creates frustration and anger. Looking a little closer, behind the anger is fear. Fear of the unknown, fear of not following the rules and fear of hurting someone. During this …

Acres of Diamonds - A story of Opportunity

Acres of Diamonds – A story of Opportunity

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As life is changing. There is a lot of negative, scarcity thinking is out there in the media. How we see our life is a matter of perspective. It reminded me of a story I heard many years ago. A farmer lived in Africa. He had his animals, his orchards and all his crops. A recent visitor shared the fascinating …

Recovering From Tough Financial Times

Recovering From Tough Financial Times

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Being a small business owner is a constant challenge. We always have too much or too little of something – money, time, staff, customers, space, product, etc. The recent pandemic has businesses experiencing extremes – full or partial shutdown of physical operations, customers staying at home, events being cancelled and staff staying at home to take care of children. As …

Shaken Not Stirred - Mary Guldan Lindstrom, Focus CPA

Shaken Not Stirred

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My life has definitely been shaken! Over the last few weeks, we have been avoiding a deadly virus, ordered to stay home, practicing social distancing and experiencing a total disruption of work. Then the government throws in some drastic tax measures to keep the economy afloat. I now have a life that has been thoroughly shaken, not stirred. I am …

Five Areas to Improve the Bottom Line by Mary Guldan LIndstrom, Focus CPA

Five Areas to Improve the Bottom Line

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Whether you are starting a business or working to become financially sound, the fastest way to improve your bottom line is focusing on your top line. Here are five areas to look at; Know and serve your ideal customer/client obsessively. Your ideal customer highly values what you sell and is willing and able to pay the highest amount. The Pareto …

Look for the Rainbow

Look for the Rainbow

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I booked my ticket to Africa last month! Business class from New York to Nairobi for this fall. The 14-hour flight with two boys who can’t sit still is torture. We are off to another African safari and a taste of another culture. As I hunker down at my desk preparing tax returns, I remember that the storm will cease …

What to Keep to Support Your Business Tax Deductions

What to Keep to Support Your Business Tax Deductions

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The fact that you as a business owner have a receipt or can prove that you incurred an expense does not by itself make it tax deductible. Only business expenses that are ordinary, necessary and reasonable in amount are tax deductible. Ordinary means that most other business owners who work in your same business also commonly pay for these things. …

Corporate Minutes - Who Needs Them?

Corporate Minutes – Who Needs Them?

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Life zooms by. Decisions are made, acted upon and forgotten – like the seasons spring, summer, fall and winter. Most businesses are a separate legal entity. They file their own tax return, make decisions, hire people and have a life separate from the owners. Corporate minutes strengthens the separateness or “corporate shield” providing legal protection to the owners. By law …

Be Nice

Be Nice

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I remember my Mom telling me “If you have nothing nice to say, don’t say anything at all”. I struggle with the words being tossed around in the news today. Majority of what I hear is “he said, she said”. I like facts, but they seem hard to find. The ease to give opinions anonymously and the constant need to …