31 January 2021

Does The Government Owe You (Or Your Clients) Money?

2022-08-07T16:11:56-04:00January 31st, 2021|Reduce Expenses|0 Comments

You may have unclaimed money from a state or the federal government due you.  So may your family members, relatives and/or clients True! It never ceases to amaze me which state or government might owe me my own money!  The amazing part is that 95% of the time that I've found this money, I'm still living at the same address as stated on the unclaimed property file. Go figure. So, if you haven't checked your own name, it's time. Personally, I usually do it myself, yearly, much closer to the New Year than now, but, you know, Covid has had a way to keep us off our mark.  start the year off checking for your "found

6 January 2021

New Tax Form For Business Owners (and others)

2022-08-07T16:11:56-04:00January 6th, 2021|2. Management|0 Comments

Just an IRS alert: For many years, we used 1099-Misc to report payment to nonemployee compensation (money we paid another individual or company) most often for services they provided above $600. That's changed this year and I am providing some resources to you to learn more.   Unfortunatly, the IRS has not changed the process by which we complete NEC or the MISC form.  So remember: you need an original copy of a form, available free to order at IRS website or buy in your local Office Supply store, etc.  Do not find a form and then print it from an online source. Beginning with Tax Year 2020, you must use Form 1099-NEC, Nonemployee Compensation, to report payments of

9 June 2020

Entrepreneur Magazine: Track your “lessons learned”

2022-08-07T16:11:57-04:00June 9th, 2020|Leadership|0 Comments

Track “lessons learned.” As you grow your business, some ideas will work–and some will fail miserably. Many who came before us failed before they found success.  RH Macy failed at 7 stores before he founded Macy’s. Einstein was expelled from school.  Edison had more than 1000 failures. What they had in common, at a minimum,  is that they learned from their mistakes and were persistent. Create a Lessons Learned Sheet to record the institutional knowledge you collect on projects, new forms, new processes, etc.  Did a marketing idea tank?  A meeting with a prospect go astray?  Record the situation in detail on paper or in a database–as well as your analysis of why it didn’t work–and

3 May 2020

Growing vs. Scaling an Advisory Business

2022-08-07T16:11:57-04:00May 3rd, 2020|2. Management|0 Comments

When a firm is in startup mode, the owner often has a vision on what they want that business to looks like in the future.  It doesn't mean that that vision won't change as time goes on.  But there is a vision short and long-term in their heads.  Those visions pushes us forwards, even on very challenging days, weeks and months. An advisor might prefer to be stay a solo business, become a partnership, grow to a small business, or scale to a much larger visible firm -- or somewhere in between.     Startups The main goal of a start up is to take what they know, serve as many clients as possible, and to

28 March 2020

How To Be More Productive When Working From Home

2022-08-07T16:11:58-04:00March 28th, 2020|Leadership|0 Comments

    Even under stress we can do much good at this time in our history (April 2020). That's why the perfect question to ask yourself, as often as possible, is “what is the best use of my time right now?” I wasn't asking myself that question enough since I started working fewer hours, and so I found myself getting down in the dumps. To that end, I wrote this article as a reminder for myself of what I can be doing, and hopefully the list in this article will help you, too. Maybe you're like me and have been working from home for a long time. Maybe working from home is new to you. Either

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