An entrepreneur called me the other day for some brainstorming. It seems that he discovered his company had been billing a client half of what he should have been billed. This client had been difficult in the past and the entrepreneur wasn't looking forward to dealing with him. He knew he had to do something though, and his partner felt it had to be done in a face-to-face meeting with the client. They felt the client had to know what was going on before getting revised pricing and a bill for the oversight.
In February, Congress enacted the American Opportunity Tax Credit, which includes a new $2,500 college tax credit for 2009, 2010 and possibly beyond. Your family may have not qualified for earlier college tax credits, but it just might for this one.
Those who have passed Accounting 101 understand that business owners should focus on building the net worth of their business by adding to their asset base while reducing liabilities. The difference is owner's equity, the value of the business.
Most investment options offered by company-sponsored retirement plans are designated for the accumulation phase of retirement, and not the income phase.
I like to call "referrals" the low-hanging fruit on the tree of sales because they are a reward for a job well done.
Have you heard story about the business owner who went home to visit her mother?
Many Americans, especially those in the retirement red zone, are facing a new reality regarding their retirement. With most Americans experiencing declines in their 401(k) plans and retirement portfolios as a result of the capital market turmoil over the last several months, many ask, "What do I do now?"
Now that all the debate about whether we're in a recession or not is over, it's time to keep business afloat.
The headlines are everywhere. Corporate layoffs and downsizing have become commonplace among companies of all sizes and in varying industries. From Lehman Brothers to Coca-Cola to Borders, companies are adjusting to the declining financial market by cutting jobs.
Naming the correct beneficiary of an IRA allows the possibility of tax-deferred growth for decades and can turn even a modest IRA into millions of dollars for your spouse, children, grandchildren or other beneficiaries. Below, I will discuss the basic options available when choosing an IRA beneficiary.
As the owner of a business, are you ready to be asked and truthfully answer these questions when asked by an employee?
For most investors, market volatility is a fact of life. Stock prices fluctuate from day to day, and markets ebb and flow over time along with the economy and business cycle.
Fear is a great motivator. After all, it keeps us out of harm's way most of the time - but it can also paralyze you if you let it.
The California court form on which a party requests a divorce does not allow a spouse to indicate a specific reason for divorce, such as adultery, lying, addiction problems or unfaithfulness.
As it becomes more difficult for consumers to manage debt amid job losses and the downturn in the housing and financial markets, more and more Santa Clarita Valley residents may find themselves examining their finances in 2009.
While most financial experts agree that saving should be a part of every household budget, many Americans admit that they aren't prepared financially for life's unexpected challenges and emergencies.
Tomorrow is Monday, January 6, and people will be back to work. Hopefully, the company plan for 2014 has been nailed down and assignments to key result areas are known and responsibilities for achievement assigned.
Most individuals have read numerous articles on how to prepare for an interview as a job candidate. However, as an entrepreneur or hiring manager, how much time have you spent improving your skill set to effectively screen applicants and conduct interviews to optimize your potential to select the best candidate? If you're like most entrepreneurs or managers, your answer to that question with be somewhere between little and none.
Tens of thousands of owners who once again have equity in their homes have much to be grateful for as 2014 dawns.
As the year comes to a close, it is appropriate to look back and ask why some businesses have survived and others went by the wayside; and to understand why some businesses have done well.
Most of the business owners I know are either finishing up a solid year and want to continue the good times into 2014, or they had a less than stellar year and want a different ending a year from now. Which is it for you?
If voters get their way the 30-year home loan will be here to stay, yet retention of what has been an invaluable tool in building the nation's middle class while opening home ownership to generations of citizens may now be more a function of politics than economics.
Business owners are busy this time of year but being asked to answer tough questions is an essential part of success. This list will start the process of evaluating how 2013 was for you and your business.
Business owners and leaders often stray too close to a situation to see the entire picture. One of the responsibilities as a Trusted Advisor is to observe what is happening from a vantage point to provide a fresh perspective to clients that may not be otherwise noticed.