Category: Small Business
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How to fix your small business 401(k)
This week President Obama’s administration gave a strong endorsement of the Department of Labor’s plan to impose fiduciary obligations on investment brokers and advisors working with retirement plans. The controversial proposal is based on a belief that new rules are a needed consumer protection to prevent billions in costs due to bad advice. Most consumer advocates…
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ACA – The law that really wasn’t
The Affordable Care Act (ACA) of 2010 really hasn’t had any significant impact on individuals and small businesses despite the volumes of information, rhetoric and threats of penalties for non-compliance. Today the Obama administration extended the individual health insurance enrollment deadline (again) regarding the individual mandate. Last week they postponed the effective deadline for small business…
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Why I am furious with QuickBooks right now
A copy of an email advertisement for Book-to-tax feature. Intuit is fond of asking me frequently if I am satisfied with their QuickBooks product and would be willing to recommend their product to others. I’ve used it for 20+ years and have been a long-time QuickBooks ProAdviser. I’ve always been clear that my loyalty is due…
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When QuickBooks is a no-brainer
I ran into an old friend by chance on a Philadelphia sidewalk today. We used to see each other often but now he lives more than an hour away with his three dogs at a rural country place in beautiful upper Bucks Country. He knows that I am an accountant but we’ve never “talked business”…
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Obamacare adviser blues
Some of the telephone and email requests I receive for professional help with Obamacare include phrases like: My theory is … I heard that… My brother-in-law says that … I have a hard time expressing in a socially acceptable manner that as a professional. I cannot and do not have any significant regard for what…
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CPA Tax Rates for 2015
Until now, I have used negotiated flat fees for all accounting services – including tax services – under an approach commonly called “value pricing”. These fees should have some reasonable basis and market rate or competitive pricing may be one input into this basis of pricing. We presume that there is social value in having consumers…
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Small business marketing strategy in 2015: customer-focused content
This passage from “6 Small Business Trends To Watch Out For In 2015” in Forbes: Content Will Be King Content marketing isn’t a new concept, but it will be more important than ever in 2015, particularly for small businesses with limited resources to spend on advertising and media relations. More small businesses will work with…