The Rule of 72 – A Tool You Can Use

Posted on 26. Aug, 2015 by in Bookkeeping Articles, Misc. Articles, Small Business Tips

The “Rule of 72″ is an approximation technique for how long it will take an investment value to double using compound interest. Example: If you have $50,000 saved for your daughter’s college education and you place the money in an investment that yields 7%. How long will it take for the investment to become $100,000? […]

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ACA Strikes Again

Posted on 20. Aug, 2015 by in Bookkeeping Articles, Misc. Articles, Tax Updates

Are you prepared? The Affordable Care Act (ACA) continues to evolve as the IRS begins to address challenges faced during the past tax season. A recent IRS announcement warns taxpayers who use the Premium Tax Credit to file their 2014 tax return immediately. Failing to do so may cause the IRS to deny using the […]

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What to Do About Spam

Posted on 14. Aug, 2015 by in CEO Tips, MAC Tip, Misc. Articles, Small Business Tips, VirtualConnections Newsletter

Unfortunately, spam is an inevitable part of today’s digital world. The bad news is if you have your spam settings set too tightly, you will lose good emails. If you receive new prospects via email, you may miss out on good clients and revenue. If you have your settings too loose, you have to take […]

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Cool Tech Tools: When There’s No Internet, Use Your Personal Hotspot

Posted on 12. Aug, 2015 by in CEO Tips, MAC Tip, Misc. Articles, Small Business Tips, VirtualConnections Newsletter

Have you ever been in a situation where there’s no internet and you needed it? Or perhaps you’re at a hotel and don’t want to pay the extra $15 per day for wireless internet. If so, you’re not alone, and luckily, there’s a gadget for just about everything. This time, it’s a gadget you probably […]

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Mid-Year Milestones

Posted on 11. Aug, 2015 by in Bookkeeping Articles, CEO Tips, Small Business Tips, VirtualConnections Newsletter

Wow, can you believe that it is already mid-August? Now that we’ve beyond the halfway mark, it’s time to see if we’re on track for our 2015 goals. To do that, we need to see if we’ve met our mid-year milestones. Managing By Milestones A milestone, in project management terms, is simply a point along […]

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New Level of Shared Responsibility Penalty

Posted on 21. Jul, 2015 by in Bookkeeping Articles

Don’t let this one get out of hand A part of the Affordable Care Act is the enactment of a tax penalty if you or your family does not have qualified health insurance coverage for the entire year. The new tax penalty, called the “shared responsibility payment” impacts taxpayers beginning in 2014. While the payment […]

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Summer Child-Care Tax Opportunity

Posted on 08. Jul, 2015 by in Bookkeeping Articles

For millions of working parents the summer comes with the added challenge of finding care for their summer vacation bound kids. School hours need to be replaced with child-care hours. With summer underway, you probably now have the child-care summer gap covered. There is a good chance this care could be tax deductible using the Child […]

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Ten Excuses to Have a Sale

Posted on 29. Jun, 2015 by in Bookkeeping Articles, Misc. Articles, Small Business Tips

If you need cash fast, there’s nothing like having a sale to increase your bank account quickly. Here are ten excuses you can use to tell your customers you’re having a sale. It’s Your Birthday (or Your Business’s Birthday): We all feel generous on our birthday, so why not have a sale on your special day. […]

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Influencing Your Word-Of-Mouth Results

Posted on 17. Jun, 2015 by in CEO Tips, Marketing Tips, Misc. Articles, Small Business Tips

Just about every business relies on “word-of-mouth” marketing to get the vast majority of its clients. If this is true for your business, then it just makes sense to figure out how to boost your referrals from all sources. Referrals are almost always easier to sell and they keep your marketing costs low. But how […]

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The Chances of Being Audited

Posted on 11. Jun, 2015 by in Bookkeeping Articles, Misc. Articles, Tax Updates

2014 audit statistics show changes Every year the IRS publishes the statistics of the number of tax returns they are examining. Provided here are the last three years of published information and a look back to 2008 to see any trends:                   Observations: Overall, you have less […]

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