Business Mentors

Managing cash flow is very important for any company, including a small business. Here are some strategies you may want to consider.       Income — Take a good look at your income streams. Are your revenues diversified in terms of products and services you offer or in terms of the number/types of customers? […]

Having been in the financial services business for more than 25 years, I have represented clients in numerous federal and state income-tax audits and state sales-tax audits. With the pressure at the federal and state level to raise revenues, we are finding increased audit activity at both the federal and state level. New York State

Many people believe the rich inherit great fortunes and then sit idly by while their stocks make them more money. When you’re working long hours, this belief can provoke jealousy and inspire questions like, “Do investors even deserve to make money?” To respond, we must first define ownership, which is best thought of as a

Those are the words of American patriot, founding father, and third U.S. President Thomas Jefferson. When you read something so simple, yet so profound, you understand why Jefferson was such an historic persona and shaper of history.   As you look at the workforce of the future, a revolution is indeed on the horizon. What’s

The Patient Protection & Affordable Care Act (ACA) requires all group and individual health plans to provide applicants, enrollees, and policyholders (or certificate holders) with documentation outlining their benefits and coverage. The “Summary of Benefits and Coverage”  (SBC) document comes in a standardized format containing information about health-plan coverage that is supposed to allow consumers

Another summer season is rapidly drawing to a close. Once again, the calendar appears to fly by. The changing of the seasons prompts myriad topics for this column. That is to say, the recommendations and suggestions that follow should be addressed by your organization before the fall season turns to winter.   As is my

Some business ideas seem to have a life of their own, particularly since they sound so reasonable. They’re so much a part of the culture and so obvious that they go unchallenged, requiring neither proof nor explanation. Since they’re “self-evident,” they gain truism status. But once unmasked, they’re revealed to be what they really are

Three years ago, after the Patient Protection & Affordable Care Act (ACA) passed, I wrote an article entitled “ObamaCare is the Worst Legislation in 75 Years.” As more of the effects of the law have become apparent, that assessment has only been reconfirmed.   I wrote, “The recently passed health-care legislation marks a crucial turning

Are you ready for disaster? Not to be overly gloomy, but disaster planning should be high on your list of priorities followed closely by review and testing of the plan. Among the categories any disaster plan should address are personnel, records, and assets.   It comes as no surprise that one of the foremost concerns