Year: 2012

Financial Resolutions for 2013

From the good folks at Fidelity, here is an excerpt of their suggestions for 2013: A month-to-month guide for helping you keep your financial resolutions in 2013. The shift to thrift This year, 52% of Americans listed “saving more money” as their top financial resolution, versus 46% last year. Paying off debt (19%) and spending… Read more »

Facing the Tax Cliff (Part 2 of 2)

This is Part 2 of 2. I have seen many articles and heard countless comments about the looming “Tax Cliff”, Taxmageddon or “Fiscal Cliff”.  The best article I have seen is from the Journal of Accountancy published by the American Institute of Certified Public Accountants (AICPA). Individuals changes were summarized in Part 1, Businesses are summarized here in… Read more »

Facing the Tax Cliff (Part 1 of 2)

I have seen many articles and heard countless comments about the looming “Tax Cliff”, Taxmageddon or “Fiscal Cliff”.  The best article I have seen is from the Journal of Accountancy published by the American Institute of Certified Public Accountants (AICPA). I will summarize the article in two parts:  Individuals and Businesses. In June 2001, Congress passed the… Read more »

Social Media Policy Tips

Some thoughts on creating a Social Media Policy…………. Have a plan – This should include an Introduction and Definition of Social Media. Not everyone is familiar with social media, tell them what it is (and isn’t). Explain the rational and reason for the policy – Provide some context why the policy is needed. Employees need… Read more »

New 401(k) Disclosure Regulations

Wednesday, November 14, 2012. If you provide a 401(k) plan to your employees, do you know what is supposed to happen by that day? This is the day that, according to the Department of Labor’s Employee Benefits Security Administration (EBSA), employees must receive their 401(k) statements for the previous quarter (45 days after the end… Read more »

Is more always better?

In Seth Godin’s blog dated June 1, 2012, he wrote:  Is more always better?  Sometimes, only better is better. A simple enough statement but let’s examine it with some examples. a seller “giving” you more services to cover the shortcomings of a product a seller adding-on services to try to convince the consumer that he/she… Read more »

Happy Boss’s Day!

Great bosses can motivate you, inspire you and help you reach new heights in your career. If you are reading this, I am sure you have one. They can be called different things —supervisor, director, manager, chief, big kahunah, head honcho, grand poobah…you get the idea. If you have a great boss / bosses, be… Read more »

What is a CGMA?

The American Institute of Certified Public Accountants (AICPA) and the Chartered Institute of Management Accountants (CIMA) have joined together to form a joint venture which powers a new designation for management accountants, the Chartered Global Management Accountant (CGMA). The CGMA is designed to elevate management accounting and further emphasize its importance for businesses worldwide. The CGMA recognises the… Read more »

Cash Flow Management

According to a survey released May 8, 2012 by the Kauffman Foundation, a Kansas City, Mo., research organization focused on entrepreneurship, more entrepreneurs are concerned about slow paying customers.  In 2008, only 2% of small business owners said getting paid was their most challenging problem but that figure jumped to 14% in 2010. A solid,… Read more »