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The Harmful 1099-M

I have a client who was having some financial challenges.  The couple had over extended themselves and created a harmful tax liability, all while being taxed at a high marginal tax rate. So at one point the couple’s family tried to help.  But with one hand they giveth...

Greed

I have a client that was flabbergasted by the response from a candidate for a newly crated CEO position. As a small company looking for future growth they pulled together a package that was modest in the beginning but became much more generous as the position...

The IRS PIN

This tax season was a bit of an eye opener.  There were a few clients that had received an additional PIN number from the IRS because their privacy had been compromised. We were also made aware of a client whose employer’s information was compromised and they would be...

Leasing: the cost of no ownership

I work with a sub-lessee of some space.  Their agreement is up shortly and it looks like they will be staying put. What makes this amusing in my mind is that the lessee and the sub-lessee have been in the same space for over ten years.  The amount of money spent in...

Expansion and contraction

All small businesses go through cycles where there are ups and downs.  When the cycles are on an upswing more space may be needed and less when there are down swings. I personally am a believer in owning the space where you run your business.  I have seen a number of...

The Future

2014 was a trying year for a number of client’s families.  Family members had passed, but luckily they seemed to have prepared well and had plans in place.  I am finding that this is not always the case with some younger clients or some of the older clients. As usual...

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