We all know it can get heated when we talk about politics at dinner, especially on Thanksgiving. There is one more topic that is even worse to speak about if you are an entrepreneur. Background Approximately 10% of adults in the U.S. own a business. This means that when you are in a room with […]
Career
3 Ways to Get More Done
Ever feel like you just can’t get anything completed and there’s a lot of unfinished work outstanding? There are 3 simple tactics you can implement right now to get more done. Start It sounds surprisingly simple, but one of the most effective actions you can take is to get started. The reason is because many […]
You’re Not Delegating Properly
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 […]
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 […]