More states are following New York’s lead with the so-called “Amazon Tax.” This tax establishes nexus in New York if any company uses an affiliate in the state of New York. So, let’s say your California based business sells a product to a customer in Texas. Under current law, your CA business would collect and [...]
Continue reading...21. June 2009
Could you pull together a current financial statement within 2 hours of getting to your office Mon morning? And, more importantly, do you know how to decipher what it says? And, then do you know how to turn those numbers into a real business financial scorecard of where you are now and a predictor of the [...]
Continue reading...16. June 2009
Most of my clients have been slammed by the real estate downturn and economic recession. There are a few notable exceptions who were well positioned to ride out a storm and actually take advantage of the opening market as their competitors fell to the wayside. No matter what has happened to your business and your investments [...]
Continue reading...12. June 2009
As I write this, I’m in my home office, looking out at the Pacific Ocean. Waves are high today. If it gets a little warmer, I’ll probably go out swimming in the surf later. If you’ve ever done that, then this analogy is going to make sense. The economy and business today sometimes seems like [...]
Continue reading...10. June 2009
There has been a firestorm behind the scenes on the proposed legislation HR 1728. To recap: This is a bill that has already been passed by the House and is now being heard in committee at the Senate. The House quickly and overwhelmingly passed it. People love it, hate it, or don’t know about it. Not [...]
Continue reading...9. June 2009
The real estate investing community is abuzz right now with a bill that is winging it’s way into law. It lasted just 3 days at the House and passed with an overwhelming majority. It’s now (6/9/09) at the Senate where it’s also expected to pass. The Bill, HR 1728, is called the Mortgage Lending and [...]
Continue reading...6. June 2009
Looking for a way to put more money in your pocket? There are two ways to improve your cash flow: Increase your income or Decrease your expenses. And, of course a combination of the two. The part that I see some entrepreneurs do that gets tweaked in their business model is they begin to think [...]
Continue reading...30. May 2009
Friday is usually my creative day. It’s a day that I devote solely to writing. I catch up on my blogs, write some articles and then absolutely enjoy writing on one of my three projects: A Season in Juarez: Stalled slightly now. It was supposed to be a free book download to chronicle my experiences of [...]
Continue reading...26. May 2009
I struggle with the term “business” in my tax business almost daily. You might call an activity a business and the IRS doesn’t agree. If you’re talking taxes, you need to pay attention to what the IRS has as definitions. For example: ”Passive” business that is 10 hours or less per month. It’s a passive activity, [...]
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1. July 2009
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