My husband Richard is a semi-reformed microelectronic engineer. He has a PhD in ceramics and worked with semi-conductors. (Little pun there) Around here we have a saying “Shoot the engineer and ship the product” That’s because some engineers (like my husband, who I adore) will keep tweaking until the day they die. They are never finished. [...]
Continue reading...Sunday, August 3, 2008
I spent today going through accounting records. Now, isn’t that everybody’s dream Sunday? I found something pretty interesting though. Wow! Have my costs gone down. In fact, I’m sure I had been overpaying for a few years more than I should have. In March 2007, I bought my partner out of TaxLoopholes and some other ventures [...]
Continue reading...Wednesday, July 30, 2008
I often run into first time business owners who are trying desperately to break out of their W-2 lifestyles. In fact, they’re going to try EVERYTHING! They start a service business (typically taking the skill they are employed for and turning it into something they can be self-employed at), dabble in real estate, set up [...]
Continue reading...Wednesday, July 9, 2008
The second book that impacted me these past few weeks is “High Tech, High Touch”. I’ll sum it up with this statement: The more High Tech we become, the more High Touch we crave. I’ve been really pondering what that means for my new tax firm, Diane Kennedy’s Tax Services. Part of the reason that the model [...]
Continue reading...Sunday, July 6, 2008
There are a couple of books that have really changed my thinking recently about the future of business. One is “Meatball Sundae” by Seth Godin. I’m doing a Learning Circle on this over at the First Class Lounge Forum on TaxLoopholes.com. There were literally hundreds of walk-away ah-ha’s that I had from this book. [...]
Continue reading...Thursday, June 19, 2008
The White House Financial Literacy Roundtable was held in a small ampitheater type room. It was worn and dated, but the AC worked! It wasn’t that hot outside (mid-70’s) but the humidity was killing this desert girl. Jay Hein, Head of the Faith-based and Community Initiative called the group to order. We then had a series [...]
Continue reading...Sunday, June 15, 2008
The roundtable at the White House is Wednesday, 6/18. Now I’m doing my research, with some help from some friends (thanks Beta Joe and Mary100!). The roundtable is co-sponsored by the White House and President’s Council on Financial Literacy. Here’s a link to the transcript of the Council on Financial Literacy’s first meeting. http://www.treas.gov/offices/domestic-finance/financial-institution/fin-education/council/Transcript_2-13-08.pdf I was [...]
Continue reading...Monday, June 9, 2008
I just finished up an IM conversation with my partner Bill (partner in Diane Kennedy’s Tax Services, our new tax firm). We were looking at different solutions for tax prep for our virtual offices. I’m sure there are other medium sized firms who are completely virtual, but you wouldn’t know it from the solutions we’re [...]
Continue reading...Sunday, June 8, 2008
My post about content has started a lively discussion in the virtual backroom at TaxLoopholes. Bill is searching out states and various specific income tax issues for the state. Megan is keeping up to date on sales tax and nexus issues. I’m watching regular income tax, estate tax and asset protection strategies. I’m now a [...]
Continue reading...Thursday, June 5, 2008
A long time ago, one of my successful small business owners gave me this piece of advice, “Keep it small and keep it all.” They had an interesting model in the Reno cash economy or “no credit, no problem.” They sold used cars and carried paper. The real money was made in selling, repo’ing and [...]
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Saturday, August 9, 2008
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