Do you have enough

Do you have longevity in your family?  I don’t but my wife does.  Though I am getting closer to beating the age of my closest male relative, every day. Yet as lifespans lengthen, wages are not keeping up with inflation, and even a decent nest egg may not go far...

Food shortages

I am more and more amazed by the generational differences between myself and my kids and our views on just about everything. My kids through their reading sources on the internet have been reading that food shortages are coming.  One showed me pictures of a Target...

Retirement

We are an aging population.  A aging population that really did not save enough money for our retirement. So, it’s not entirely surprising in Vermont, where about 26% of residents 65 and older are still working—the highest share in the U.S. The state is at the...

Central Bank Digital Currency (CBDC)

Central Bank Digital Currency (CBDC) is a new form of money that exists only in digital form. Instead of printing money, the central bank issues widely accessible digital coins so that digital transactions and transfers become simple. Let’s be honest – many people...

Oops

Apparently I ran out of blog postings last month.  Thought I had them programed into May. I will address, ASAP. the Management  

H&R Block settled for a fine

We have all seen the ads and most know them to be false, yet some believe them to be true. So, H&R Block must pay a fine and change its deceptive marketing practices. In 2024, the Federal Trade Comm. filed an administrative complaint against the firm, alleging...

“Ghost” Preparer

Harsh punishment for a “ghost” preparer who filed false returns for clients. A woman charged her clients fees for tax prep services, but she didn’t sign the 1040s as a preparer, and she didn’t include her preparer tax ID number. Also, the returns overstated credits...

The right to bear arms…

I was surfing the internet for interesting ideas for blog topics when I stumbled across this: Americans apparently are buying fewer guns. Blanket statement that will offend most people, this is for legal purchases only described in these numbers.  Illegal purchases...

The arguments for ghosting jobs

I found these as for the reasons and the rationale for the listings: 38% to maintain a presence on job boards even when not hiring 36% to assess the effectiveness of job descriptions 26% to build a talent pool for the future 26% to gain insights into the job market...

Ghost Jobs

I read in Forbes that a June Resume Builder study uncovered findings that proved figures comparable to the MyPerfectResume study. Out of the 1,641 hiring managers surveyed, 40% of respondents admitted to posting fake job adverts this year, and three out of 10 say they...

Ghosting taken to new levels

I have to admit that the concept of a “ghost job” is a new concept for me.  I am known to take a cynical view on life and business, but to piss away funds advertising jobs that don’t exist is not a good business practice in my mind. Yet, I read that in a recent survey...

New Client

As the tax season began, I received a number of calls from people who now need to find a new tax preparer. Some knew their old preparer was retiring, others are surprised to find out that their preparer has already retired. So, their hunt is on. One gentleman called...

Annulment and the Tax Man

I was on a webinar and the subject of divorce and annulment came up. For the longest time we did not have a client get a divorce while they worked with us, then it changed and seemingly a number of them were divorcing all at the same time. We knew our responsibilities...

Parents helping kids

I have been working on and off with a couple, now divorced, who have had some tax issues.  They owe(d) the IRS lots and lots of money. They make good money, but never seemed to withhold enough.  Hit their qualified funds and guess lived beyond their means for a time....

The Cash Flow Statement

As I have stated I am old.  When I went through college the Cash Flow Statement did not exist in it’s current form.  I was taught about the Statement of Change in Financial Position.  Quite different from the Cash Flow format. I understand the old statement was not...

Banks

Once again, I have been reminded why I need to work with more than one bank. I was looking to move my HELOC back to the bank where I do most of my personal banking. I moved the HELOC away from them because I found I had timed out, the cause for this was the banker...

Why do 90% of businesses fail?

I was doing a search for something else and the above statistic showed up.  I disagree with it, according to the US Bureau of Labor Statistics, only a quarter of businesses fail in the first year; and half die within five years. The rational for the failures given was...

Business success/fail rates

I was listening to a webinar drone on, and they had a slide that showed business failure rate, this went by quickly, so I looked up the data and found this: According to the U.S. Bureau of Labor Statistics (BLS), the failure rate for new businesses is: First year:...

My dad was not always right

Growing up my dad told me to do a number of things, at times I thought he was nuts. But in my dotage, I see the wisdom in what he said. Unfortunately, what he needed to do was explain it better to his dim-witted son better first. Yet, on one occasion I was correct,...

My dad was right

Growing up my dad told me to do a number of things, at times I thought he was nuts. But in my dotage, I see the wisdom in what he said. Unfortunately, what he needed to do was explain it better to his dim-witted son better first. When I was a teen, I was afraid of...

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