Starting your business was your dream, your baby so I completely understand guarding it with your life. When you begin making money it is easy, natural and understandable to keep that money for yourself. Afterall, the goal was for a better life for your family, right? RIGHT! The problem is that no man is an island. You cannot and will not make it to the next level of your business operating alone. There is a maximum that any one…
TAX TIME/TIPS/THINGS YOU SHOULD KNOW! FIRST DAY OF ACCEPTING TAX RETURNS IS JANUARY 27th, 2020 Taxes are not meant to be performed by you, the tax preparer – Please don’t belittle the knowledge, the hours spent preparing and understanding the diverse tax laws. To do so would be rude. DIY (Do-It-Yourself) is long gone. The laws have changed and you should not take those changes for granted. You cannot use information from last year (2018) with this year (2019)…
I’ve been talking and posting about money all year and this will only pick up as the year ends and a new year is upon us. You can have all the money in the world and without money management, never reach your goals or improve your lifestyle. We learn the value of money as children and that value is based on our observation through the adults around us. Money is that one thing that isn’t always discussed unless it…
DO YOU KNOW WHERE YOU ARE? PART TWO FRIENDS, ENTREPRENEURS, NON-PROFITS, LEND ME YOUR EARS & LET’S INCREASE YOUR POCKETS! We do not have to nor should we shout over the past and into the future without knowing what the past was! HOW much money $ did you make last year? Where did you spend that money? If your disbursements or expenditures were placed in graph form, what would it look like? Is 50% of your money spent on…
Business owner, individual, church leaders, LEND ME YOUR EARS! It’s late in the game but together we can do it! We’re practically in December which means two things: 1) Christmas and 2) New Year’s! The pressure is on to begin planning for a prosperous New Year, a change, an improvement, increase, better, more and the list goes on & on; however, isn’t it a little late to begin preparing for this flood of greatness? YESSSSUS and No! Honestly,…
Operating without a budget is just a bad idea period. It is year-end, the 4th quarter and while your business is just trying to stay afloat or figure out holiday celebrations; it really should be preparing for the next year! Successful corporations can take time off at year-end, relax only when their business is completed! Without a budget in place for 2020, there isn’t time for you to become relaxed at all! Most companies, most small businesses never operate…
TAX TALES! IF I had $1 for every tax tale, scheme or piece of misinformation encountered, I could retire from this business and enjoy myself. People lie in general and we will never understand or know why, however, when it comes to the lies encountered and spread during, before and after a tax season, they grow exponentially. You cannot use a 1099 or W-2 from a previous year in the next tax year IF a person tells you that…
Gifts are abundant and profitable. However the lack of money management, can leave one gifted and broke. Your gift is designed to provide provision. Most people have multi ideas, gifts, thoughts or abilities to earn money. In fact those gifts can be so rewarding and overwhelming that it delays or hinders one from seeing or viewing his or her earning potential. The gifts one posse are simple, regular and natural to the holder. It hardly seems adequate or sufficient…
SMALL BUSINESSES & PAYROLL…..PT 2 Why, NOT paying Yourself, Business Owner is a Problem! Payroll can be a problem. Most payroll companies are equipped to serve larger companies. However, everyone needs payroll. Some small companies opt to pay people without tax deductions; that’s a tricky and could be costly fix for the company as well as the employee; not to mention potential legal issues that this type of practice can cause for the company. Additionally, as the owner of…
I often find myself in talks with people about business, entrepreneurs and the success of business people. Most people tend to think that entrepreneurs have shortcuts, secrets to their success. They rush off to seminars trying to figure out the secrets and of course looking for the shortcut! I’ve said it before, but it bears repeating, “the thing about shortcuts is that one is never enough” ~ Kimberly Davis Shortcuts taken anywhere eliminates the knowledge that only process can…
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Starting your business was your dream, your…
TAX TIME/TIPS/THINGS YOU SHOULD KNOW! FIRST DAY…