Hidden in the voluminous American Recovery and Reinvestment Act of 2009 - otherwise known as the Stimulus Bill passed by Congress last month - is a provision that may prove to be a dangerous trap for many American businesses.
It's easy to be beaten down by the constant trumpeting of how bad the economy is, and it's just as easy to feel overwhelmed by opportunities. There seems to be no middle ground.
No one knows when the market will reach the bottom, or whether it already has. A few good indicators of the market moving positively are that the S&P 500 gained 8.8 percent (total return) in March 2009 - the best monthly performance since October 2002 - and the fact that total capitalization of the U.S. stock market increased by $700 billion during the month of March to $9.4 trillion.
The Family Caregiver Alliance has compiled a list of practical tools and resources designed to address the needs of informal caregivers and the professionals supporting them. While a plethora of online information exists, specific tools and resources had not been gathered into one collection where professionals and caregivers alike could quickly and easily access them - until now.
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?
Now that I have your interest, I'll try to let you down gently.
Last week marked the end of the first half of the calendar year. It seems like January was just last week.
Starting or growing a family can be an exciting milestone in one's life. But as most experienced parents will tell you, your priorities are likely to change, and along with these changes come new expenses and responsibilities,
Being a trusted advisor is a place of honor. When you reach a certain stage in life, you are compensated not for what you do but for what you know.
With student loan debt nationwide at an estimated $1.2 trillion, homeownership for many recent and past graduates is a distant dream.
Throughout the years at the Advisory Board meetings I facilitate, I've heard a fair amount of laughter and grumbling from the business people who participate.
Jim, president of the top local IT company, came by the other day. He was not happy. He'd just been served with a complaint, alleging that he'd breached a new employee's contract, had wrongfully terminated her, and was guilty of breach of promissory estoppel (whatever that is?).
The bottom line, the profitability of a company, should matter to every employee but many owners tend to keep this information private. Owners then complain when profits are thin.
Even in a state with hundreds of miles of beautiful, sandy beaches, luxury home buyers in California preferred hilltop homes over ocean-front properties by a margin of four to one.