5 Things Wealthy People Invest Their Money Into

I came across this list when reading an article and it was advertised at the bottom: “Non-Investment” Investments Rich People Learn to Make. The thing is, these are areas where rich people really do invest time and time again. Accelerated Learning. …...

Cipolla’s five basic laws of human stupidity

Law 1: Always and inevitably everyone underestimates the number of stupid individuals in circulation. Law 2: The probability that a certain person be stupid is independent of any other characteristic of that person. Law 3. A stupid person is a person who causes losses...

Reuse Clothing issues

I knew the number was low, but I was surprised that only 15% of discarded textiles was recycled or reused, while the rest is sent to landfills or incinerators.  Which always makes taking a high value on donated goods difficult.  Shipping overstock overseas I knew...

Electric Cars

With the planned proliferation of electric vehicles coming onto the market by the end of the decade, how are they all going to be charged? Throughout the US we have electric grid reliability issues. Adverse weather conditions in the central U.S. will be 1.7% higher...

Public Ransomware

States are introducing bans on ransomware payments by public agencies that get hit by this increasingly common cyberattack.  This is an attempt to remove the low hanging fruit, typically municipalities have limited and poor security, which have made them easy targets....

Girlfriend’s Rent

We picked up a new client this year that will not be returning next year, he isn’t even a real client this year.  We did not submit his tax returns. This gentleman gave us his documents and we prepared financials for him.  He did not like the results, he made money, a...

Business envy

This last tax season we picked up a new client that is running an e-commerce business similar to my own.  I have to admit that I was jealous.  They run theirs better than I do mine. As business has picked up on the CPA side a couple of my side businesses have...

Missing 1099’s

This last tax season was unusual, but I expect it to be more of the norm moving forward.  We had clients who were missing 1099-R’s. They have been coming so regularly that people didn’t know who to call about the missing one.  The prior year’s report never has a phone...

Crypto and market ties

Cryptocurrencies are seemingly moving more closely with the other financial markets at this point. The correlation between bitcoin and the stock market is hitting multiyear highs. A measure of the correlation between bitcoin and the Nasdaq Composite suggests that the...

Crypto is vulnerable

Recently most cryptocurrencies have fallen to their lowest level since July 2021. The total market capitalization of cryptocurrencies has fallen by more than half since its peak in November 2021. Bitcoin the world’s largest cryptocurrency has fallen to about half of...

Very small business

We I am discussing client’s businesses with them we use the terms small and or medium sized businesses.  There is a lot of flexibility in the use of both terms small and medium.  The parameters very in people minds. Then I found a strange Australian sitcom called...

Buying a business

You are looking to get into a new line of business or rapidly grow your own business, the easiest way for some to do this is to buy an existing business. When purchasing a business, you need to know that the details and analysis of what you look at and for will differ...

Marketing 101 – Centers of influence

As a CPA I have a number of natural Centers of Influence, those who can make referral through their normal course of business. Realtors can be one for new individuals who are moving into the area wanting a local practitioner. Bankers are another, when a client comes...

Marketing 101 –no marketing

How a business owner market their business has always been a strange attraction to me.  I am always on the look-out for an idea that I can steal and implement in my business. I admit I am flabbergasted when I find that the business owner is doing no marketing or...

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