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Train your own problems

Is U.S. economic growth threatened by a shortage of qualified workers?   I know this sounds like a recruiting line…   But small-business owners should be concerned about where and how they are going to meet their personnel needs.   As the economy seems...

Worst Preparer ever

Due to a paid preparer’s series of errors with a client’s tax return, the client was excused from a penalty.   A woman who had sold her stock in connection with a corporate redemption and received a check dated Jan. 4, 2012 and a statement with an Aug. 2011...

The lack of a profit motive

Ok, I just don’t understand the logic behind this case from a tax standpoint; from a curiosity stand point yes, but not a tax standpoint, no.   A son took it upon himself to start an investigation in 2003 of his father’s mysterious death in 1946.   The son...

1099’s and taxes

It seems that people forget that when they are an independent contractor getting a paid on a 1099 can create a huge tax liability.   If you have a “Schedule C” business, you recognize your 1099 income and get to deduct related business expenses.  But any profit...

Leap

While certain business owners can get all wrapped up in analysis paralysis, I have a client who is taking the philosophy of “Leap” for 2017.   He is making decisions based upon his goals and future plans.  There are financial costs to these decisions, the money...

Help Wanted – Experience only

Lately I have seen signs stating that there are openings at companies, but only if the have specific experience doing exactly what they are looking for.  I imagine that the companies also expect the job candidates to know their corporate culture and company polices as...

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