Archive | July, 2011

Waters Uncharted

I don’t know.  You don’t know.  He doesn’t know. We don’t know. You all don’t know, and all of y’all don’t know either. They don’t know. Conjugation complete. No one knows. I am in the odd position of being relatively bullish regarding the debt ceiling in DC, which is near me, and affects my local […]

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CPA Firm Value

During these times of enhanced M&A activity in the CPA profession, firm leaders ask a lot of questions about the value of their firm. There is certainly not one answer to this question and not the point to this blog post. What I want to stress today is the fact that IF you want your […]

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Death and Taxes

I debated even covering this topic because of the complexity of death and taxes. But I field questions all the time about how much is a client going to owe in taxes on an inheritance. I see property transfers that were never reported as a gift. I hear a general confusion about what a taxpayer […]

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Free is the new Quandry

Freemium is a business model buzzword that has become quite popular in the last decade. The concept is simple–it is even has its own Wikipedia listing under Freemium–give away a subscription or a “lite” version of your product or service, and convert as many of them as possible to a premium version. The premium version has […]

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Lighten-up, It’s The Week-end – Green Eggs and Ham

As I was flying to and from Las Vegas last week I read, in Southwest Airlines Spirit magazine, about why/how Dr. Seuss (Theodor Seuss Geisel) wrote Green Eggs and Ham. Maybe, this summer Sunday as you were relaxing in your favorite lawn chair on your favorite deck a question suddenly popped into your mind…. why […]

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US vs Moody’s, S&P and Fitch

The rating agencies are the whipping boys of the market.  Like princes who had a whipping boy to take the hit for their transgressions, so the rating agencies take the hit that should go to the regulators, which delegated their  credit-risk responsibility to the rating agencies.  That works out well for all, in one sense: […]

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Invest in Record-Keeping, Reap the Rewards

Even for the most lean, bootstrapped business, it can be expensive to keep your doors open. Expenses rack up pretty fast, and it becomes difficult to spend on anything that is directly related to getting and keeping paying customers. That’s why many entrepreneurs and business owners don’t allocate adequate resources to the accounting and finance […]

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Enduring Ponzi

Why did Madoff’s Ponzi scheme last so long? He didn’t take that much from it.  If the gross exposure was $60 billion, he took only 1/2% of it — $300 million. The growth rate was high enough to attract investors but slow enough to not exhaust cash rapidly. The SEC was clueless, with little expertise […]

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