Category: Aquaculture
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Federal income taxes for farmers and fishermen
Most businesses are subject to quarterly estimated tax payment requirements. A failure to make these required payments on time results in a penalty. The final estimated tax payment deadline for the prior calendar year is January 15 of the current year. Many small businesses, struggling to keep up with government paperwork demands, miss the deadline…
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Enough with the immigration lies
Introduction: My background with immigration is working with construction, agricultural and fisheries businesses in New Jersey, Delaware, Maryland and Pennsylvania that use immigrants for the majority of their work force. I know dozens of these workers who came here legally on work visas and are still waiting for their extension paperwork. Ironically, some of them…
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How to handle the 2019 stock market crash
Update: This article was updated to reflect the news that for or the 90 days of fall (9/21 – 12/21) the S&P 500 was down 17.5%. The market correction happened sooner than I expected. The advice I’ve dispensed for the past 30 years since leaving my early career on Wall Street is timeless, except for…
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Invest Like a Venture Capitalist
One of the most overlooked tax savings strategies is to avoid federal income taxes on large capital gains. Allowing investments to grow tax free over decades can result in tremendous growth in wealth and is one of the most reliable paths to a tax-free retirement. This tax-free capital gain tax strategy is employed by almost…
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Shared concerns over small business survival
I had a long conversation with a stranger at dinner last night. Actually it was at the bar at McCormick and Schmick’s in Atlantic City. He was a farmer and business owner near Harrisburg who sold the farm when he retired. He now lives in Myrtle Beach, South Carolina. We discussed the difficulty of running a…
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My 2017 in two short paragraphs
The two big personal stories for me in 2017: #1 – Stress Handled I became stressed by the lack of respect for fact, truth, science, logic, law and education expressed in our everyday lives. I became stressed by the observation that other people abandoned traditional core values of charity, sharing, open doors, open borders, nondiscrimination,…
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Community-supported dock-to-table seafood launch
Today I launched the Philadelphia area’s first (as far as we know) attempt at a community supported dock-to-table seafood venture for Nantuxent Seafood. The intent is to test the water on this concept that has worked well in other regional markets. If this initial small project is successful in gaining 150 supporters then I’m sure…
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Effect of election on NJ small businesses
New Jersey is now the seventh state where Democrats control both the executive and legislative branches. What does that mean for us with small businesses here? This is more than just a local wall against trumpism. It directly translates to increased tension and a lack of coöperation between the federal and state government. The news…
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5 Years Since Sandy
In each of the five years since Sandy I’ve given interviews and written about the story of the recovery of Money Island, New Jersey. Now, finally, at five years the story is taking a turn. I have an interview today and plan to spend some time on a blog post tonight. Here’s a little history…
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Defining trumpism
There are easily more than a dozen definitions of trumpism published by online dictionaries. My motivation to post another stems from an observation that our nation’s current tensions may stem from a single simple belief. trumpism – the belief that we are entitled to more of the world’s resources, jobs, travel, prosperity and freedoms as…