mendlowitz: why my firm merged with ws+b
can your firm deliver everything you want to?
by ed mendlowitz
call me before you do anything: the art of accounting
client service opportunities
client checklist: top 10 issues for real estate investors
explaining the strategies, benefits, and pitfalls.
by ed mendlowitz
real estate is a popular investment, and there are many potential tax benefits to owning it. want to help your clients get all the tax benefits they could be entitled to? of course, you do!
so make sure your clients know some of the more popular benefits and pitfalls. the top ten issues to conder are in my real estate tax-benefit checklist below.
blown loan covenants and how to recover from them
sometimes a detailed memo can buy you time.
by ed mendlowitz
call me before you do anything: the art of accounting
one time, one of my clients had a very large equipment term loan from a bank and was in danger of being put out of business because the company had blown an essential loan covenant.
more: a long time ago, at a cpa firm far, far away … | working hard? or hardly working? | it’s not always about the money | the value in value consulting | a cpa looks back across the generations
exclusively for pro members. log in here or 2022世界杯足球排名 today.
a covenant is a condition the lender must meet or the bank has the right to call the loan. most businesses that borrow cannot pay loans back on demand. instead, they are paid out of future profits that have hopefully been generated from the added business the loan helped to achieve.
read more →
a long time ago, at a cpa firm far, far away …
many concerns haven’t changed.
by ed mendlowitz
call me before you do anything: the art of accounting
many of my stories occurred many years ago – some are from a half century ago – so the question is, are they still relevant and why am i telling them now?
more: working hard? or hardly working? | beyond the numbers: be a friend | perception becomes reality | the making of a consultant
well, maybe the exact circumstances are archaic, but the lessons and principles are as applicable today as they were when i lived through them.
read more →
client insight: small businesses sell for highest prices on record
tariffs and elections take center stage as market aims to continue record pace.
a new report obtained by 卡塔尔世界杯常规比赛时间 reveals record highs in small business financials, allowing sellers to ask and receive more money than ever recorded.
sale prices of businesses sold in the third quarter of 2018 reached new highs, according to the bizbuysell third quarter 2018 insight report. the record sale prices are directly related to stronger business financials which also hit new levels in q3.
with buyers able to offset increasing prices by acquiring healthier businesses, the result is a well-balanced market.
full results are included below, with statistics from business-for-sale transactions reported by participating business brokers nationwide.
working hard? or hardly working?
how to communicate your value to clients.
by ed mendlowitz
call me before you do anything: the art of accounting
one summer i worked for my father at one of his large clients. it was a hot july day and i was wearing a suit and tie and there was no air conditioning in the office, just a fan that wasn’t one of the most expensive you could buy.
more: beyond the numbers: be a friend | when discounts don’t work | call me before you do anything | learning to delegate: slow is faster
across from my desk sat the owner’s father. he just sat there; he did no work. i was working hard and barely looked up, but when i did our eyes met occasionally and he nodded, but that was it.
read more →
bitcoin: what clients need to know
to the irs, bitcoin is real. and so’s the tax bite.
by barry j. friedman cpa
industrynewsletters
beyond the numbers: be a friend
the client could have it all, but the accountant had to show him how.
by ed mendlowitz
call me before you do anything: the art of accounting
many years ago my boss, bernard d. kleinman, had a client who was a creative genius in the advertising industry, and was being courted by many other firms.
more: when discounts don’t work | it’s not always about the money | the value in value consulting | a cpa looks back across the generations
he liked his job, position, and respect, and he had no desire or thoughts of leaving. but, as a gentleman, he listened to whoever approached him.
read more →
passwords: how to beat the hackers
nine new rules for hack-proof security.
by barry j. friedman, cpa
industrynewsletters
consider all the passwords you use, in your personal and business lives. passwords secure all the resources on your computer and phone — your email and important online accounts.
more hot-button topics for clients: supreme court’s wayfair ruling on sales tax sows more confusion
exclusively for pro members. log in here or 2022世界杯足球排名 today.
why work on making your passwords stronger?
hackers will attack the low-hanging fruit first.
what attackers will do is steal the storage of passwords on a vulnerable screen. these passwords are encrypted, but with tools like pwdump, airodump-ng and the meterpreter, hackers can take as much time as they need to crack your password.
the best way to make your password less appetizing is to choose a random set of characters in the maximum length your account or system will accept: read more →
when discounts don’t work
don’t just report numbers; help clients see the big picture.
by ed mendlowitz
call me before you do anything: the art of accounting
my father’s largest client was a luggage manufacturer with a national brand sold in specialty luggage stores, but not in department stores.
more: it’s not always about the money | perception becomes reality | call me before you do anything | the value in value consulting | the making of a consultant | learning to delegate: slow is faster | a cpa looks back across the generations
he did this because he wanted to maintain the selling price, did not want discounting and felt his customer base would be more loyal if they did not compete against the larger stores’ discounting policy. he was very successful and very profitable, but probably not as large as he could have been had he had the volume that department stores would have provided.
read more →
what the value-pricers get wrong
and 5 ways to fix it.
by frank stitely
beeeeeep. briiinnnnggg. boooooop. you reach over to turn off the alarm.
but it’s not your alarm, and it’s not 6 a.m. yet. it’s the coffee maker. or is it the dishwasher? or the washing machine? it turns out to be a text message. you glance down at your smartphone, and you see 14 app notifications, 27 e-mails, and three texts. your smartwatch yells at you for not meeting your “fitness” goal yesterday.
by 6 a.m., half of humanity competes for your attention. every computer programmer on the planet believes his notifications rock your world. when everything beeps, do any of the beeps really matter? the rock group, chicago, wrote, “does anybody really know what time it is?” yes, it’s time for another notification.
we don’t suffer alone. our clients share our pain.
the value pricing people tell us that we aren’t selling time. but we are. we aren’t selling our time. we are selling our clients’ time – back to them. 21st-century clients want perfect compliance, fast service, and a competitive price – as a start. most importantly, they want us to save them time.
new tax advice: what clients need now
16 hot topics for tax planning – all billable.
by ed mendlowitz
the practice doctor
it seems all anyone is talking about these days is the new tax act. for over a year i have been posting a tax blog every four weeks on www.bottomlineinc.com. so now there are more than a dozen.
use the titles below to select what you are interested in, and i am sure you will get some valuable information you could use with clients.
the w-4 time-bomb and what to do about it
you don’t want clients to blame you for any unhappy surprises.
by barry j. friedman, cpa
industrynewsletters
with so many recent tax changes, two-income families and people who work multiple jobs should check their withholding amount.
more hot-button topics for clients: supreme court’s wayfair ruling on sales tax sows more confusion | making passwords hack-proof |
the irs is urging two-income families and folks who work multiple jobs to complete a paycheck checkup to verify that they’re withholding the right amount of tax from their paychecks.