Category: Small Business
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AICPA update: relevant for us?
The new head of the AICPA, Mark Koziel, shared his thoughts about the profession. These are not issues that have much affect sole proprietor firms like mine serving the small business market. Still, I pay attention to understand larger industry trends. A few takeaways:
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38 years of small business struggle
In February 1987 I left one of Wall Street’s richest and most successful firms of that era, Drexel Burnham Lambert, led by junk bond king Michael Milliken, because I saw how this was destroying middle income Americans, small businesses, and our local towns. I set up a company Freedom Benefits that eventually became an early…
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After-the-fact payroll 2025
After-the-fact payroll is common necessity in micro-businesses doing late tax planning. There are a few points that complete the process easier.
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Will AI catch up to the speed of life?
Some in the advisory fields are raving about new AI research tools. I have yet to be convinced of their real value in my life. A few days ago I noticed an issue with workflow using Perplexity AI Deep Research. I was answering a client’s email in the early morning where he made a strange…
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5 tax reform proposals to watch out for in 2025
All of these are aligned with expressed Presidential and Congressional goals, so I assess that there is a reasonable risk that any or all of these could become law this year.
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Coping with new online banking trends and terminology
“settled” “cleared”, “cancelled”, etc. do not necessarily mean what we think they mean
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What is the status of Diversity, Equity, and Inclusion measures in 2025?
Times are changing. DEI policy execution is shifting to local, private and some state level programs. Where do we stand now?
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Online security review for 2025
Like all financial advisers, my online security strategy is summarized in a Written Information Security Plan (WISP) that requires periodic review. The beginning of the year is a good time for me to do that. I rely on five subscription applications for digital security for my sole practitioner office and just completed a beginning of…
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Working class men and the future of the rural marina
We are now speaking with individuals who may want to be involved as ‘sweat equity’ shareholders, casual workers or just volunteers, tax-motivated real estate investors, and environmental professionals.
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What is the purpose of a published pricing policy?
I’ve been wrestling with this issue in my accounting practice and rural marine business and spent some time investigating to learn more. I skimmed a handful of articles from Indeed, Openstax, 4Pricing.pro and Ca.Indeed on the topic, and none addressed what I was hoping to learn. It is clear that pricing policy can serve either…