If the census people were honest . . .
This is what they would say . . .
Read MoreWhy budgets have no value
You heard us right-they have no value. Jack Welch the brilliant CEO of General Electric agrees with me (don’t confuse him with the current clown at the head of GE). Welch did away with all the wasted weeks of the budget process and focused on creating projections instead. He then held the departments accounting to the projection of income and expense that they participated in creating.
Read MoreTurn off the TV and watch some moving images that will save you time and dollars
It’s not as entertaining as Hawaii Five-0, but our suggestions just might add a 0 (zero) to your cash flow or net income. (Click the slide for details.) For a bigger TV screen (click here). [SlideDeck2 id=1947]
Read MoreWill Smith becomes a capitalist
The text of this conversation is printed below. Will Smith: I have no issue with paying taxes and whatever needs to be done for my country to grow. I believe very firmly that my ability to sit here—I’m a black man who didn’t go to college, yet I get to travel around the world and…
Read MoreIf we did Financial Statements like the White House and Congress . . .
We would simply overstate your net income by 384%! Not surprisingly, the White House and Congress speak of the yearly deficit in amounts of 1.3 trillion. However, if we use the same accounting rules that your business and my business are required to follow, the numbers change to roughly 5 trillion. Most financial…
Read MoreHow to use Facebook for Business
Most of us spend some amount of time on Facebook. Did you ever wish that you could better use your Facebook “friends” to grow your business? Wouldn’t it be great if there was a way to make someone your business friend without exposing all your personal posts? Look no further. Guest author and Excel expert…
Read MoreHow long does a business need to keep its records?
Does your office tend to look like our Fayette county landfill with tons of old paperwork? Although there is no single statute of limitations for the many categories of records a business needs to retain, we can offer some guidelines. Here’s our suggested schedule for record retention. In the case of special circumstances, legal action(s), or…
Read MoreAmerican Exceptionalism
Some politicians in Washington may say American Exceptionalism doesn’t exist, but don’t you believe it! Here’s some proof. The photo on the left is a new IBM computer (from 1954). It was considered exceptional because it could store 5 megabytes of data and had a cost (in 1954 dollars) that was beyond the reach of almost…
Read MoreThe real effect of a federal “Stimulus” tax law
We took our SCA hidden camera inside the corporate boardrooms of America and, more often than not, found this reaction by upper management to the federal incentives within the tax stimulus bills. Remember, if it doesn’t make good economic sense, it won’t matter how many tax incentives a law may contain.
Read MorePayroll tax cuts – Are we really robbing the Social Security Piggy Bank?
Our left-leaning friends are often quite surprised at our position on continuing the payroll tax cuts. The reasoning goes something like this, “you call yourself a fiscal conservative yet you want to keep on raiding the social security trust fund? I just can’t believe you would do that!” What most fail to understand is…
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