Category: strategy
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Seven foundational concepts of professional tax practice
Seven foundational concepts of professional tax practice:
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Managing the accelerating pace of economic change
The most difficult thing I deal with day to day is coping with the accelerating pace of economic change. The constant ‘whatever I said last is out-of-date now’ cycle of business life is stressful. We tend to focus our attention on financial change but of course there are always other significant forces driving the financial…
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“Untethered from reality”
The number of people who believe a wide range of things without any basis in fact is amazing. Yet it is nothing new. Of course, there is nothing wrong with holding strong unfounded beliefs, as long as the belief does not cause harm or is imposed on others. But the pace at which unfounded beliefs…
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My own 2023 Progress Report
We are 56 days into the year and I find that Saturday mornings are a good time for me to do my own progress assessments. I encourage my clients to schedule quarterly progress assessments. Things accomplished so far in 2023: Separating my professional services into three business brands: Nantuxent, SouthJersey.CPA and TaxProblems.CPA: a. Trademark and…
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Personal reflection Sunday 11/13/2022:
For almost 30 years I focused my business activist efforts on addressing the widening gap in education, income, and wealth in my communities. I thought that I could be part of a thousand points of light as a columnist, educator, and adviser. It was a complete failure if we judge by the net result. For…
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Understanding inflation’s impact on me/us
Residential home prices have a huge impact on my own family’s financial success* (I/my/me) and my clients (our/us). I have historically focused on this segment for my own investments and most of my clients are real estate investors, Realtors, builders, remodels and other contractors. So it is important for me to have a well-considered strategy…
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How the change in abortion law affects small business accountants
I’ve spent almost four decades dealing with small business owner resistance and noncompliance with employee benefit tax laws. This makes me think that I can predict the outcome of the recent SCOTUS ruling that has divided the nation; at least it’s result within our industry. Looking back in time, we observed the effect of business…
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CPAs have a public image problem
CPAs have a brand image problem. The three words that the public most often associates with “CPA” are “accounting”, “audit”, and “tax”. Yet those words do not match the self-identity of any of the CPA firms I’ve known. We know our role as the most trusted strategic adviser for our clients. But we do a…