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Month: December 2014

The Greatest Man Who Ever Lived

Share The Greatest ManThe Greatest Man Category: Opinion Published: December 2006 by Tom Cronin As we sat before our Christmas tree I watched with delight as our family opened their gifts. There was a sweater for Anthony, a wallet for Uncle Paul, an LV handbag for Lori, a Nintendo WII for Matt and a Hopkido outfit for Dan, but there was an unopened box in the corner for a special guest who was not here. We seem to have forgotten why we were celebrating this day. We speak of courage and its qualities: bravery, selfless sacrificing, amazing grace, noble actions and someone of super human abilities. A hero is a protagonist who is good and noble, who no matter what the odds prevails in the end. We the readers feel the pangs of the hero’s defeats and the joy to relish in their triumphs. We think of heroes of the past: Odysseus, Hercules, George Washington, Abraham Lincoln, Thomas Edison, Susan B. Anthony, FDR, Winston Churchill, JFK, Martin Luther King, Mother Teresa are all heroes to name a few. Each person or character exemplifies what a hero with courage should be. Some tragic heroes died for their cause and are honored because of their fight to the finish. The greatest hero of all time is celebrated this holiday season. He was a great man who fought not with a sword...

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Year End Planning

Year-End Well we let another year slip through our hands. It seems like only yesterday 2014 was just starting, and now it’s close to the end. This is the time of year you hear everyone telling you to accelerate or push out income and/or expenses based on your particular situation. But let’s face it, that’s not always easy and who wants to tell a customer not to pay until next year? So, what to do before the end of the year? This is a great time to finish up 2014 and start the planning process for 2015. If you’re the type to do your own bookkeeping, or farm it out to one of your friends or family, it’s time to dig into the file and clean it up. Why pay your tax accountant or CPA $100 per hour or more when you can take these simple steps on your own. So roll up your sleeves and get cracking. I’m a big proponent of monitoring the Balance Sheet. This seems counter intuitive because the Profit & Loss is what your year is based on, and the basis for paying taxes. So why bother with the Balance Sheet? The short answer is; because this is typically where all of the problems lie, and if you don’t review the Balance Sheet they remain undiscovered and become surprises at tax time. Where to...

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