The “cloud” is bringing about massive upheaval in small business accounting. You have heard the rumbling and upheaval, the carnage and disruption. You have seen […]
Category Archives: Practice Management
23
Jul
Jul
The very word, depreciation, causes a certain glaze to fall on the faces of business owners. The mention of the word can invoke beaches and […]
16
Jul
Jul
You are probably already making $1,000 per hour and just don’t realize it. This astounding claim is the most interesting point of Perry Marshall’s book […]
09
Jul
Jul
80/20 Sales and Marketing by Perry Marshall contains enough perspective-altering analysis to easily justify spending a year to digest it all. Perry Marshall, an engineer […]
07
Jun
Jun
Managing a practice is hard work. Between the patients, records, billing, payroll, appointments and communication, employees still need to be managed. Benefits are often pushed […]
02
Feb
Feb
Learning about taxes your business needs to pay is exhausting. From the employer’s portion of FICA, federal unemployment, state unemployment, sales tax as well as the other requirements parallel to taxes like annual filing fees, licenses and workman’s compensation, owners’ eyes glaze over as they weigh the complexities and time requirements of tax compliance.When you look at these taxes in the aggregate, they act like opportunistic mosquitos slowly pricking […]
24
Jan
Jan
It’s a beautiful day. The birds are chirping, the sun is shining and you are meeting a client at a restaurant. Not just any restaurant, mind you, but a nice one. This one has high ratings, exceptional service and four “$”s next to it on Yelp.Yes, its good to be in business so you can live like a king. Getting the business to pay for your meal is genius. But then you vaguely remember the talking heads on cable television discussing a tax law cha […]
14
Jan
Jan
No one ever likes it whether on the playground or in the mafia movie. Nothing good happens to these people. In the movies, as soon as you see it, you know the character is doomed. They get a reputation as someone who can’t be trusted at best and “swim with the fishes” at worst.Rat. Nark. Snitch. Tattletale.Regardless of the context the terms are never positive. These shifty eyed people are always watching their backs and covering the […]
Banking, Cash Flow, Cash Management, Distributions, Practice Management
Can I Deduct Business Expenses Made With My Personal Rewards Card?
26
Nov
Nov
It has taken you years to progress through the rewards channel. When you remember the flights before preferred seating, being the last passenger to be called onto the packed airplane you shutter in horror of returning to that level of incivility. The overhead storage was packed leaving no option but to gate check your bag or worse, have it thrown in with all the other luggage to be lost upon arriving at your final destination. (And you know what its like to go without a […]
02
Nov
Nov
Measuring value is an extremely challenging topic for anyone to undertake. The most popular value is to measure by hour. Whether professional services or employees, each comes with a cost for every hour of time. The algebra for this method is straight forward and, (dare I say) fun. The 2018 federal minimum wage worker ($7.25 per hour) can work for an entire eight-hour day and earn $58. At approximately $4 each, that will purchase 14 ½ Big Mac sandwiches.&nb […]
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