There are times when someone comes to us to setup a new business for them. Two of these businesses come to mind and both of them had merit. The clients have the plan that this will be the next step in their lives. The first client was looking to start a window and... read more
While networking, I have come across a few entrepreneurs that had businesses and didn’t have businesses. Yes, I know clear as mud. What they had set up were passive businesses in which the success of the business was put into the hands of others to be the... read more
I started working with a transportation company when they were looking for someone to train them on QuickBooks (QB). They were looking to replace their bookkeeper and wanted me to train another employee on how to use QuickBooks, they also wanted this done discreetly.... read more
What motivates you? Is it the typical trio; money, wealth or power? In other words, why do you do what you do for a living? I was asked this question recently at a software convention, where a number of sessions were structured around this question. I am... read more
There is an old business saying, “If you are not growing, you are dying”. In many regards this saying is correct. All businesses are trying to grow. Even those who want to only maintain their current status need new clients to replace those who fall off;... read more
This one is a bit atypical to explain, but I will give it a whirl. I handle the books for a business, simple enough. I handle the personal taxes for one of the several owners. One of the owners for whom I do not handle their personal taxes has requested... read more
Imagine making $250,000 a year in your business. Your business pays all of your business and household bills, including car payments. In other words, your business covers every aspect of your living expenses. Also, you never have to pay a nickel in FICA, federal taxes... read more
We started working with a Northwestern Suburban manufacturer a few years ago. We were brought in because our predecessor was unresponsive to the client’s questions and concerns; they appeared to be fee centric only. So they never developed an appropriate... read more
Random Quote
I’ve been rich and I’ve been poor: Rich is better.
