Bankruptcy: Detroit, Radio Shack and You
Bankruptcy For anyone considering filing bankruptcy, hearing the word itself can cause sheer panic. Rest assured that if the new “b” word sends you into shock, you are not alone. According to the US Courts website 1,072,807 individuals and 34,892 businesses filed for bankruptcy (BK) protection in 2013. If you think that the total of 1,107,699 filed in 2013 is a lot, just take a look at 2012, 2011 and 2010. Total filed by Year 2013- 1,107,699 2012- 1,261,140 2011- 1,467,221 2010- 1, 596,355 With media buzz that Radio Shack, once everyone’s go-to shop for all things...
Read More5 Podcasts for Entrepreneurs
Podcasts for Entrepreneurs Podcasts are one of the most underutilized, often free resources available to entrepreneurs and small business owners. What’s a podcast? podcast (pod-kast, -kahst) noun 1. a digital audio or video file or recording, usually part of a themed series, that can be downloaded from a website to a media player or computer The Apple iTunes store has a ton of podcasts available on a variety of topics. Gary even has a podcast of his radio show GQ On The Law Radio. Check out his podcast for FREE info on everything from Obamacare, to Estate Planning, and Tax Advise to...
Read MoreWhat Happens If I Die Without a Will? Anna Nicole Smith
What happens if I die without a will? Look to these celebrities for what NOT to do. A lot of what happens you die without a Will, and really, without a proper and complete Estate Plan, depends on your assets. In any case, your estate will be left in Probate, a long legal process that sorts out where assets go, how much is owed in taxes, etc. If you have minor children, the will not likely end up where you had hoped they would and will get much less of your assets than they could with a proper Estate Plan. Call our office to set up an appointment with Estate Planning attorney Gary Quackenbush...
Read MoreThe Measuring Stick: Determining the Strength of Your Workplace
Image source: tothministries.org via Google search Revenue, profit, sales volume – that’s easy enough for us to measure. But what about employee morale? Company culture? A manager’s effectiveness? Overall strength of a workplace? Now that’s tough. But, the Gallup Organization believes it’s possible, and so do I. Over the course of 25 years Gallup studied these and other questions by interviewing over a million employees and gathering their answers to hundreds of similar questions. In the end, Gallup ran an in depth and extremely complex statistical analysis that...
Read MoreIRS- Fresh Start Initiative
IRS Fresh Start Initiative Gives Taxpayers Hope The IRS Fresh Start initiative is a program designed to help more tax payers successfully pay off their tax liability. The initiative allows more flexible terms to Offer In Compromise (OIC) and enables some of the most financially distressed taxpayers to clear their tax liability and to do it more quickly. In many cases this allows people to resolve their tax liability in as little as 2 years instead of the 4-5 years that its taken in the past. This Fresh Start initiative in different in that it uses a different standard of analysis to...
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