The day after tax day… 2007. I am summoned to visit a potential client with a problem. They have been using PCLaw (a superb accounting system for lawyers, accountants, and consultants- i.e., anyone who needs to track and bill time) for several years, a program with which I was and am intimately familiar. We talk and agree that I will assist them to resolve their current problems.
Tag Archives: Entrepreneur
New Venture Reasonable Compensation
I had a discussion with a new entrepreneur the other day.
They left their full-time position and started their own business. (One of the key factors to remember during this discussion is that the new business is different from the full time employment they left. Had that not been true, the analysis would be different. I will mention some of those differences as we proceed.)
For Sale?
One of the fun projects we get to do several times a year is to help a client sell their business. Sometimes it’s due to the age (or interests) of the entrepreneurial founder, other times (the sad times) due to the death or illness of the founder.
Basic Biz Rules
The year is almost half- over. And, if you’ve been like many folks during the pandemic and have started a business, I certainly hope you’ve been following a few basic rules.
And the survey says…
Ah, you have to love it when companies have an agenda they want to promote and tailor their research findings to so yield.
Tax Sheltered Income?
I wrote a few weeks ago that W2 employees have no real opportunity to adjust how they pay their taxes- or what they owe. That benefit really only accrues to those who own their own business.
We’re All Startups Now!
The world as we know it has changed. That part is absolutely true. More so than after 9-11, when many of us thought the same thing. Because this time, it’s not just America that has been hit- but the world. And, it’s still hitting the world- and will be doing so for a while.
55 days?
This year has been crazy. We’ve gone from being relatively care-free to an agonized mess.
Our annual accounting with the government should have ended a month ago- but a great percentage of us won’t finish with this task for another two months. Which is part of the subject matter I’ll be discussing today.
Startup Positioning
Entrepreneurs.
Do we need a team? Or can we go alone? Well, if you are looking for venture funding, then a team is the way to go. Not because that makes your venture better or not- but because that complies with the group thinking venture firms employ.
Tax Planning- for Tax Savings
Please note: This post will be a little long today. But, I didn’t think it would make sense to split it into multiple entries. I am pretty sure you will agree with me when you finish reading it.