Although delegating is a buzz word, don’t make these mistakes when doing so. Simplify Your Processes Review your workflow and processes to simplify them. If you are the only one capable of performing a simple, routine task because you overcomplicated the process, then simplify it. Start with writing down each step, make sure each step […]
Career
Some Tax Items Made Permanent
The One Big Beautiful Bill Act made some items permanent as follows: Individual tax rates: 10%, 12%, 22%, 24%, 32%, 35%, 37% Limitation on deduction of qualified residence interest No personal exemptions Exclusion from gross income for employer payments of student loans. The $5,250 exclusion amount is indexed for inflation after 2026. Restores and increases […]
Help Your Employees Succeed
Do you want your employees to be successful in their position? Here are several ways to do so. Proper Training Employees need to be properly and thoroughly trained in their position. This can be done via one-on-one training, training courses and written instructions. Depending upon the task and the position, all three ways can be […]
How Will IRS Job Cuts Impact You?
There was a recent announcement regarding staffing cuts at the IRS. How will this impact you and should you be concerned? Background Information The IRS hired approximately 22,000 people during 2022, 31,000 during 2024, and approximately 20,000 during 2024 for a total workforce of more than 100,000 employees. This has been the largest number of […]
Business Time or Family Time?
A common struggle is balancing spending time on your business to make more money and a focus on your family. Should you sacrifice your family time to make more money? There will be times in your life when you need to spend more time on your business due to reasons such as seasonality of the […]
Are You Striving Too Hard or Too Little?
There is nothing wrong with striving to have financial success but be careful of taking it too far. The opposite can also be true, whereas you don’t strive enough, which can create another set of problems. Here are some signs of each: Signs You are Striving too Hard You work an excessive amount of hours […]
5 Risks to be Aware of that Will Hurt Your Finances
There are ups and downs in life, good times and bad, and everything in between. Unfortunately, some events can hurt your finances in a significant way and may even be beyond your control. What are some of these risks to be aware of and what can you control? Health Issues As we become older, there […]
Hate Your Job, Make Less Money and Be Unhappy?
There is a recurring theme that I keep on hearing about love/hate relationships with jobs. It’s only anecdotal, but are job haters unhappy and make less money than those with high job satisfaction? What are the possible reasons and what can you do about it? Difference between a difficult job and hating your job There […]
3 Things MBA’s Don’t Learn in School
Obtaining an MBA is quite an accomplishment and is something to be proud of. However, there are 3 eye-opening things they don’t teach MBA’s in school, especially when running a small business. You’re probably so smart that you’re not Intelligence and knowledge are extremely useful in life, but it can also be a liability. What […]
I Took the Day Off and You Should Too
Technology is absolutely wonderful at times. This is one of those times because I took the day off today, but still didn’t miss my goal of writing one post per week. Everyone needs a day off, a week off, or even a month off and here are 5 reasons why: Rest and Recuperate After working […]