Recent Articles

November 2012

Research Your Business Plan – Part II

11/30/2012

By now you have figured out the ‘Who’ of your plan and the ‘What’. If not, please go to Research Your Business Plan – Part I. Now that you know you are qualified to do the job and you have figured out your customers, competition, and [...]

Service Equals Timeliness and Accuracy

11/29/2012

In the world of accounting, we stand on two principles; timely and accurate information for the client.  Without either, the client can’t make good decisions.  As accountants our job is to record economic transactions and report this information [...]

Retail Sales: There Are No Rules

11/29/2012

I credit my education to two men.  They taught me more than the graduate professors in college.  One was a self-made man, the other a hard core business man.  The later was involved in retail and it’s his principles of business that this [...]

Self-Employment Tax: You Can Stop Staring At Me Now!

11/28/2012

I was in the attic once hunting down a noise, of course it was at night and I don’t have any lights in the attic to assist me.  So, I grabbed my son’s Boy Scout Flashlight that mounts on your forehead and headed up to find a raccoon staring at [...]

Marketing – A License to Steal

11/28/2012

I had the privilege of meeting a potential client in one of those business gatherings.  I asked him the usual questions and he started to explain his business operation.  Well, he was basically a landlord to a gaming function.   When I become [...]

How to Find a Good Business Attorney

11/27/2012

In my 17 years of practice as an accountant I have met around 30 or so attorneys.  All the interactions were in reference to business issues for my clients.  Out of the 30 I have dealt with, I would hire two of them. So I’m dedicating this [...]

Cost Accounting – Case Study

11/26/2012

“Pull out your checkbook”.  “OK” the client responds.  I continue, “Now write out a check for $200, and leave the ‘Pay to’ spot blank.  The next time a customer for restoration work calls, get their name and address, write [...]

Accounting Principles

11/26/2012

Simply stated, accounting is the measurement of economic activity.  Its primary principle is to report information to the user so that (s)he can make informed decisions.  The primary reporting format is in the form of dollars.  There are two [...]

Research Your Business Plan – Part I

11/26/2012

If you read my section on ‘Do I Need a Business Plan’ and followed those steps, you are now ready for the next step in this process.  Hopefully two important barriers have been breached in your quest to be the next new business.  First, you [...]

Do I Need a Business Plan?

11/24/2012

Whenever someone wants to start a business, they ask their friends and professionals what they should do. The standard answer is always, ‘You need a business plan’. Really, do you? If I do, what is it and how do I proceed? To answer the question [...]
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