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Struggling NYC Businesses: Careful With Price Reductions
If you're struggling in your NYC business, tempted to do some price reductions to drum up sales, and not getting the traction you need... I have a quick thought for you today. Struggling NYC Businesses: Careful With Price Reductions “Despite your best efforts, not...
Developing Accountability In Your NYC Business
Before we get to talking about accountability in your NYC business... During the first Super Bowl that Tom Brady won (with the Patriots), these were some of the companies who advertised (hat tip to Jon Erlichman of Bloomberg): AOL Blockbuster Radio Shack Circuit City...
Spear CPA CFP’s Top 5 List of Potentially Fatal Business Mistakes
There is a difference between income and wealth. Tax returns aren't about wealth -- they're about "income", and how that is defined. Business owners and real estate investors have access to powerful tax advantages that wage earners do not ... and wage-earners probably...
Passing Down Your NYC Family Business
If we've learned anything from 2020, it's that our best-laid plans don't always turn out. As the great philosopher, Mike Tyson once said: Everyone has a plan until they get punched in the face. What is your plan for exiting your NYC family business? You need to have a...
A Few Winning Tips for Controlling Costs in NYC Businesses
So ... I'm not sure if you knew this. Apparently, running a business is expensive. And controlling costs can be daunting. But despite whatever you might see from those gurus who are posing by their Lamborghinis in the Facebook ads ... even the leanest NYC businesses...
Spear CPA CFP’s Thoughts on Reimbursement vs Company Cards
If you'll forgive me, I'm going to get pretty geeky today. You probably didn't realize that there are actual pros and cons to expense reimbursement for employees, etc., or using a company cc. Oh, my NYC readers, I'm going to take you down a little rabbit hole today,...
Financial Documentation Strategies for NYC Taxpayers
Ah, the wonders of financial documentation... Today’s topic has the benefit of ensuring your NYC "financial fortress" is as airtight as it can possibly be, which has its own advantages. Financial Documentation Strategies For NYC Taxpayers "You get older and you learn...