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Client meals in the new tax world

The deduct-ability of the cost of client meals is murky under the new tax law. So there is a sharp divide forming among tax practitioners on this issue. Some say that client meals, such as at a restaurant for a business dinner or a post-golf lunch at a country club,...

Call for help

We get a lot of calls during the year asking inquiring about our services.  Most of those end when they find out that we charge for our services. At least one almost expected us to pay him to be a client; he was a waste of time and spent too much of our time on the...

Purchasing a business

I recently meet with a potential client who was looking at purchasing an existing franchise business.  The purchase price in my mind was too much for what they would be getting for their money. But I have also seen it the other way around.  I have seen a purchaser who...

Illinois Annual Report

The Illinois Annual Report, that annoying little bit of business that comes round once a year.  Most businesses have delegated this responsibility to an outside Registered Agent. But now after years of moving in this direction the state of Illinois has a method to...

Working Business Model

As a teen I had a job at Toys R Us,   I started as a seasonal worker, but was kept on after the holiday season Like the rest of the world and definitely as a teen, I thought ok this will be a breeze, no one buys toys after Christmas so we will get paid to show up and...

New Client

I recently met with a new client; they were referred to us by an existing client who likes the fact that tells them the truth even if they don’t always like what we say. The new client was looking to buy an existing franchise and wanted someone to tell them the truth...

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