Running a Business Archives |

Side gigs

This year we picked up a number of new clients, a surprising amount have side gigs. Granted a number of them have a rental property of two. Today, I met with a couple where one had a pretty extensive e-commerce operation.  They have their website, but also are very...

Charcoal briquets

Most of the time when you’re grilling, you don’t think about the history behind it – just how delicious the food is going to taste when you’re done. I explored the history of Kingsford charcoal and was surprised to find a rich history, interestingly tied to Ford...

China has a short-sighted approach to R&D

Beyond forcing outside companies partnering and sharing design plans with the government. China will have to invest more in productivity enhancements like basic scientific research. Traditionally, Beijing has been loath to spend money on R&D that doesn’t promise...

Start-up expenses

Expenses incurred before business starts aren’t deductible right away. An engineer bought vacant land with the intent to eventually farm and develop it. Although he spent time and money working on the land, began constructing a barn, and even came up with a business...

Business Failures

Thinking of starting that side business?  I always think it is a great idea to start a side business and have multiple income streams and not being solely reliant on your employer for all income. But you will need to keep some information in mind when you do start...

Scope Creep

I have been warned about scope creep and the need for engagements letters to spell out ever more details. So, I should be using an engagement letter for tax returns which we do utilize for businesses and individuals. I should then have a new separate letter for any...

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