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Payday loans

A payday loan is a type of short-term borrowing where a lender will extend high-interest credit based on a borrower’s income and credit profile. A payday loan’s principal is typically a portion of a borrower’s next paycheck. … These loans are...

Cutting the cord

It probably took over a year to get my wife to finally agreed to cut the cord.  We were paying $160 a month for DirecTV. Once purchased by AT&T there was no discounts or flexibility with DirecTV unless you purchased their other products, which I did not need.  I...

A Bad Idea for a Side Hustle

I have been thinking about one the side hustles that I read about and was not overly fond of when I first read about it in an article.  The choice was to develop a class to teach online.  I still think it may be a stretch for most people, myself included.  Though in...

Payroll tax scofflaws

Payroll tax scofflaws continue to be a major area of focus for the IRS. These are firms that withhold Social Security and Medicare taxes from employees’ paychecks, but use the withheld funds for personal expenses or to pay other creditors instead of sending the money...

E-B2B

It is not hard to believe that the e-commerce is still growing, if you listen closely you can hear another retailer shuttering their doors.  Nor is it hard to imagine that electronic business to business if the fastest growing segment of the market. Apparently half of...

Business Modeling

Michael Lewis in his book “The New, New Thing” offers us possibly the best distilled the definition of a business model: “All it really meant was how you planned to make money” That is the ultimate purpose of all businesses, enterprises and Not-for-Profits, it is to...

Due Diligence

I was at a several day seminar a few weeks ago and at several times throughout the seminar touched on the topics of due diligence. That got me thinking about my clients and their responsibilities for due diligence: with clients, employees, health and well-being, etc....

Managing Cash

Cash the life blood of every organization.  So what is the current state of your receivables?  I personally always liked how Jean Sheppard put it “In God we trust, all others pay cash”.  I know he probably did not create the saying, but I know it from his book.  If...

The contrarian

Merriam-Webster has a contrarian as a person who takes a contrary position or attitude specifically: an investor who buys shares of stock when most others are selling and sells when others are buying. Malcom Gladwell essentially labels them as outliers. W.Chan Kim and...

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