With the pilanthropic season ahead of us, I thought it might be a wise idea to explain what a qualified charitable organization is – at least according to tax law.
Donations to qualified charitable organizations are typically deductible on individual income [...]
I first blogged about Toastmasters when I became involved in the organization in early 2008 (Click here for the Toastmasters post). Now that I have been involved with it for quite some time, I thought I [...]
This is final part of a five part series of posts related to Roth IRA Conversions and the rule changes that go into effect on January 1, 2010. As mentioned in prior posts in this series regarding Roth IRA Conversions, I will explain the rules around Roth IRAs, as well [...]
This is forth part of a five part series of posts related to Roth IRA Conversions and the rule changes that go into effect on January 1, 2010. As mentioned in prior posts in this series regarding Roth IRA Conversions, I will explain the rules around Roth IRAs, as well as [...]
Zig Ziglar is appearing at Get Motivated! in Charlotte on October 29, 2009.
If you are around the Charlotte area, this is a must do event for personal development!
Get Motivated! is a dynamic seminar series [...]
This is Part III of a series of post related to Roth IRA Conversions and the rule changes that go into effect on January 1, 2010. As mentioned in prior post [...]
Have You Done Your Retirement and Tax Planning?
There has been much in the news lately about the January 1, 2010 change to the rules surrounding the conversion of ROTH IRAs. I am going to write a short long series of [...]
This is Part II of a series of posts related to Roth IRA Conversions and the rule changes that go into effect on January 1, 2010. As mentioned in [...]
With the recent rash of layoffs and unemployment, I have talked with many clients who have decided to apply for their social security benefits as early as possible. Many our concerned about our government’s current budget crunch and the ability for the benefits to continue into the future. Some are [...]
North Carolina
Beginning with your North Carolina 2009 tax return, your overall top rates may increase based on a surtax. This is an increase to the top tier rates if your taxable income is more than $100,000. Its what we otherwise call a “TAX INCREASE” for [...]
In this the second week of our Smart’N Up Series of posts, I want to introduce our readers to one of the best gems I have discovered as of last, the Marketing Over Coffee Podcast. I have only been listening [...]
If you have been excluded from the education tax credits in the past, the new credits may now change that. The new American opportunity credit modifies the existing Hope credit for tax years 2009 and 2010, making it available to a broader range of taxpayers. Income guidelines are expanded and [...]
The American Recovery and Reinvestment Act of 2009 added computer equipment and technology expenses for students to the list of college expenses that can now be paid for by a 529 plan during 2009 and 2010. A 529 plan is an educational savings plan that [...]
Small Business Owners: Read this book!
Since this is the very first week of our “Smart-n Up” series of post, I thought it appropriate to talk about one of the most important books for small business owners to read and to understand. The E-Myth [...]
If you think that Social Media websites such as Twitter, Facebook, and YouTube are a waste of time and can not be used in your business, you better watch this. After you watch it, you will want to find a way to incorporate it into your marketing strategy. (Hat tip [...]
Over the past couple of years, I have become a much more avid reader - especially of books that will help me succeed with my goals. I have been able to cut out a lot of television and other non-productive activities, and I have used these “found” hours to concentrate [...]
On Monday, I did a post on the traits that leaders need to survive and thrive through this economy. As a follow-up, Rick Telberg, of CPA Trendlines, asked what the essential traits of “followers” were in this economy.
I think my 4-year old son summed it up the best. He [...]
Rick Telberg of CPA Trendlines asked the question, “What are the essential elements for leaders and managers to succeed in this economy?” I do not think that these essential elements change so much depending upon the economy. A truly great leader will possess these qualities [...]
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Bordeaux & Bordeaux, CPAs, PA was just featured in the CPA Technology Advisor’s September issue. The CPA Technology Advisor is a monthly magazine that goes out to tax and accounting professionals across the United States. This periodical helps accountants adopt new technologies for their [...]
ARC Loans? Remember those? (See my prior post from June 16th: ARC Loans Are Ready To Go - If You Can Find a Lender.) While the Simulus Act did very little to help small businesses, it did have a provision allowed for these ARC (America’s Recovery Capital) [...]
NC Sales Tax Increase goes into affect on Septemeber 1st.
Just a reminder that the North Carolina state sales tax rate will increase by 1% on Tuesday, September 1, 2009. For Mecklenburg county and the Charlotte area, that [...]
Is the IRS snooping around in your Facebook profile? Are they lurking behind the scenes and quietly watching your every move on Twitter? Are they LinkedIn to you? Or possibly invading your space on MySpace?
Are Revenue Agents spying [...]
Not much from the way our country operated in 1775 still exists. The United States Postal Service (USPS) is one of the few. Yes, it is now over 234 years old and I wonder if it has outlived its usefulness. We only had horses back then [...]
I wanted to take a moment to thank everyone who came out to the Lake Wylie Chamber of Commerce’s Business After Hours that we co-hosted on July 16th. It was a much bigger success than we could ever imagine. Also, [...]
I recently sat down with a colleague who has been in the accounting profession for quite some time. He talked to me about a conference that he recently attended. As most conferences do, there was an evening where they had a [...]
The AICPA’s monthly journal to all of its members, the Journal of Accountancy, recently featured me and our firm in its article about CPA’s who embrace the use of Twitter. The article was initially released in the weekly email news [...]
Next weekend (Friday, August 7th through Sunday, August 9th) is a Tax Free Weekend for both North and South Carolina residents. For a listing of 2009 Sales & Use Tax Holidays in other states, visit: [www.taxadmin.org]
Using Quickbooks® as your accounting software can be helpful but it can also give a false sense of security. Let’s say your Quickbooks® file is like the one I saw at a client’s office the other day — it contains over 14 years of transactions now. Yes, it is big, but [...]
Rick Telberg, President and chief executive of Bay Street Group LLC, recently presented to the Maryland State Society of CPAs at their BizExpo. Rick’s presentation entitled, “Social Media: New Marketing Technologies for Accounting firms”, recognized several accountants throughout the nation who are on the forefront in using social media to advance [...]
UPDATE 7/31: The House just approved $2 billion in additional funding for the Cash or Clunkers Program. Will the Senate Save it?
Original Post:
I was about to do a lengthy post on the Cash for Clunkers program when I see that [...]
I routinely hear the statement that small business is the lifeblood of the US economy - producing far more jobs than large businesses. Over the past few months, I have heard “jokes” and statements to the contrary - indicating that this was not really the case and that small businesses [...]
Stop by to see our new office (548 Nautical Drive in the Shoppes at The Landing) and join us for the Lake Wylie Chamber of Commerce Business After Hours on Thursday July 16th from 5:30pm to 7:30pm.
Also, come meet all of our new neighbors - many of them new businesses to Lake [...]
The Small Business Administration (SBA) announced yesterday that small businesses can now begin submitting applications for its temporary new program called America’s Recovery Capital, or “ARC” for short. These loans are designed to provide a bridge to small businesses that have an immediate financial hardship - and can be for [...]
Just read Grow Your Business: 10 Outrageous Customer Services Ideas for Kick Ass Friday, a great post by my neighbor here in Lake Wylie, Russell White, on his Grow Your Business Blog. Russell talked about ten very simple and cheap things that virtually any business can implement that will [...]
It is time to renew your Mecklenburg County Privilege Business license again. If you operate or are physically present in Mecklenburg county, a license is required. The license must be renewed each year and runs from July 1 to June 30.
The fees are based on the category of business you [...]
I recently received the following information from Dyches Boddiford via the Metrolina Real Estate Investors Association of Charlotte. The elimination of the ability to sell property using seller financing is a drastic blow to anyone who owns real estate or may need seller financing [...]
Yikes, you open the mail today, and there is a dreaded envelope from the IRS. Heaven forbid, it arrives via certified mail. There are three possible responses that you can choose:
don’t open it and stuff it in the drawer; get on the phone to the IRS as soon as I can [...]While at a conference for PASBA (Professional Association of Small Business Accountants) earlier this month, our keynote session was from the E-Myth Worldwide Group. We discussed all of the traditional principles of managing your business rather than just working in it. If you have not read [...]
Many may have noticed that income tax refunds from the North Carolina Department of Revenue have not been being issued as quickly as in the past. In prior years, we have seen NC refunds with direct deposit and e-file in about two to three weeks. [...]
While out of town at a recent conference, I started reading the book “Wikinomics” by Don Tapscott and Anthony Williams. The book dives into the topic of current web tools and how they can be used to help the world participate in collaboration efforts. It is amazing [...]
Come join me and several other local panelists at this month’s meeting of the Metrolina Real Estate Investors Association. The monthly meeting will be held Thursday, May 21 at 6:30 p.m at the Hilton Hotel at Tyvola Road and I-77S. Come out and get your questions answered! [...]
After two years of search and waiting, we have now moved into our new offices in Lake Wylie. Our new offices are more spacious and allow us much more visability to serve our community. We are now located in the McSpadden Custom Homes building along with [...]
Charlotte
When: April 15, 2:00pm - 4:00pm
Where: Lawn at City Hall, 600 E. Trade St.
Other Info:charlotteteaparty.webs.com
Charlotte Tax Day Tea Party (from their Facebook page)
Welcome to the Tea Party Revolution!
Host:
Mecklenburg County Young Republicans
Date:
Wednesday, April 15, 2009
Time:
2:00pm - 4:00pm
Location:
City Hall Lawn
Street:
600 E. Trade Street
City/Town:
Charlotte, NC
Email:
charlottetaxdayteaparty@gmail.com
DescriptionHaving [...]
Dear Mr. President:
As a CPA who focuses on helping small business grow to their potential and stay afloat, I am writing to you to express my concerns. It appears that my clients and many other business have somehow been missed on your list. My clients have strong efforts and challenging [...]
I just read an article in the New York Times that the Internal Revenue Service has drafted a plan that will drastically lower the penalty for hiding money in offshore accounts. Currently, taxpayers who have more than $10,000 in these accounts are required to file a Report of Foreign Bank [...]
15 Most Common Business Lies - Business Leader Success Advice
Advertising Is Not Marketing - The E-Myth Blog
How to Run a Meeting Like Google - BusinessweekConvert Your Voicemails to Email - RF Resources Blog
I’m tired of the “wah-wah” sob stories and all of the pity parties by the media and the politicians. It seems that we are digging and digging and the hole really is getting deeper — but somehow we expect that we are filling the hole. It just does not make [...]
It seems like every day now a new figure in the government is getting into “trouble” for tax issues. I use the word “trouble” lightly because most of them are getting no more than a slap on the wrist when if it were you or I, we would certainly be [...]
Welcome to the new and improved version of our blogs.
Beancounter Magic and Periodic Ramblings of a CPA have now merged into one blog, and will appear on our Firm website.
The new name is Beancounter Ramblings! Thanks to all who voted on the new name.
If you would like to update [...]
