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A Simpler Time

It’s the 4th of July weekend and all five of us are here for the annual barbeque. While my wife was thrilled to have us all together, it was interesting to see my boys all in their twenties playing video games together. While this has been a common sight in years...

Customer Service

We all have our own horror story for poor customer service. This one is mine. I have been going to this place for years to pick up food.  There is an elderly woman who my whole family hates to deal with.  She is rude and condescending and slow in her actions. This...

The tax rates for the wealthy

I was curious of the historic tax rates for the wealthy, or at least the highest levels of taxation.  Some of the rate jumps seems arbitrary, others are simply explained by WWI and WWII.  But the jumps before our entry seem to be harbingers of our path. 1913...

Perception may be everything

100 years ago, when I was in college, I was out with friends and one of them brought an older sibling along.  I was working at Jewel at the time and we stopped at a co-worker’s establishment.  They had recently purchased an existing business, an Ice-cream shop. The...

Schedule C Losses

After a recent tax court ruling a former country music artist is unhappy over the hobby loss rules after an appeals court disallowed her Schedule C losses from a music venue she owns. Among the factors that helped the court conclude she did not intend to turn a...

Caveat Emptor

Let the buyer beware, definitely something to keep in mind when you are purchasing a business. I have a client that was working through the due diligence for the purchase of a competitor for months, only to have the business sold to an employee right before the...

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