Tag: 90 Day Action Plan

Tax season has a funny way of sharpening our focus, yes it’s tax season and tax planning season all year round, but from January through April we also need to be mindful of those government imposed deadlines. When deadlines are stacked, returns are moving through review, and clients are looking for answers, there’s very little room for distraction. Every step matters. Every process needs to work properly. Every decision needs…  Read more

Welcome to tax season 2026, or should I say welcome to tax minimization season 2026.  It seems like the learning and hence the tweaking never stops.  A favorite expression in our firm is “any day I learn something new is a good day” and we we have had many. Our the past few months my blog posts have focused on the One Big Beautiful Bill Act (OBBBA), the changes for…  Read more

I tell clients this often, usually while we talk over coffee ☕💬 or zoom 💻 “strong businesses don’t grow by accident, they grow because you design and maintain them that way”. I believe that’s true for our small business owners, medical practitioners, law firm owners and our visionary start-up entrepreneurs as well. And design matters even more when markets, laws, and conditions keep moving.  If you’ve been in business long…  Read more

As 2025 draws to a close, we have been working through 2025 tax minimization plans, growth plans, exit strategies, and looking towards 2026 and future years as well.  We get so much satisfaction from helping our clients achieve their goals; current, future, imagined as we work with “strategic partners”.  When they follow this model we see success with small business owners, medical practitioners, law firm owners and our visionary start-up…  Read more

Great question: and we always say “it depends” and “it’s not quick or easy”  when you do things right you may find opportunities within your business, maybe smoother operations, better cash flow, identify tax benefits, tweak product lines for better profits, these things can make a big difference. If the phrase “financial reporting” makes your eyes glaze over, you’re not alone. I get it, it sounds like paperwork. Something your accountant nags…  Read more

As a small business owner, like myself, you may be concerned about your own unexpected downtime. Let me share my recent experience and how our contingency plan ensured smooth sailing despite an unplanned absence.  This week, I was unexpectedly out of the office due to a bad cold. I left the office mid-Monday and only checked in briefly for emails, attended a pre-scheduled multi-party meeting, and participated in our weekly Huddle.…  Read more

Growing a business is like navigating a road trip: you need a clear destination, a solid map, and the determination to keep moving forward—even when detours appear. At our office, we have a favorite saying, “Start with the end in mind.” This principle applies to setting your business up for long-term success. Here’s how you can shift from being overwhelmed to making progress that truly matters: #1 Set Clear Goals…  Read more

It’s still the beginning of the year and I feel this is still the best time to set your medical practice, law firm or business on the right track to have a successful AND less stressful 2025.  Over the past few weeks I have discussed: creating or updating your business plan, listed out several important general best practices or business tips, averting a cash flow crisis, and utilizing input from…  Read more

Our weekly take-away for the new year 🥂🍾:  Stop putting off the little things to boost firm productivity by following processes to ensure client satisfaction… I know that I like many other busy people tend to create to-do list’s with small and large projects; many times the small items get pushed to the bottom or onto the next page and then don’t get addressed until they become a big problem…  Read more

This was a cool week for me, starting with Saturday evening catching up with some high school friends and my cousin at our Far Rockaway HS reunion, followed by an afternoon of harvesting a bumper crop of purple figs, beefsteak and San Marzano tomatoes at my friend’s house on Sunday (after picking greens in my garden that morning).  During the week I hosted/attended 2 really great accounting webinars, then checked…  Read more

I am just back from a much-needed vacation and elbow deep in work once more.  In our office we hold weekly huddles where we discuss ongoing tax planning projects, tax resolution work, and those ever-present upcoming deadlines. Just yesterday we worked up our 90 Day action plan which focused on completing all in-house business, trust and personal tax returns so we can file for refunds for our clients AND clear…  Read more

December 1st, how did this happen, I feel like it was just summer a week or two ago and I was working in my garden.  I guess the holiday decorations 🕎🎄that have sprung up this past week are a sure sign that it’s holiday time, even if we here in NYC are experiencing “warm” 37–48-degree weather. It’s winter somewhere, certainly in Michigan where we spent last week.  It is certainly…  Read more

You know it’s a good sign when your childrens’ best friends come to visit even when your kids are grown and living in other states.  I was so happy to be able to spend time with my “Brooklyn Daughter” Michelle and she humored me by getting up early Monday morning for a cold windy walk on the beach at sunrise… Me -n- Mish I am so glad sunrise is still…  Read more

It’s December 9th, not a scary date to most of us, nor does it sound like time is running out, but it is.  There is still time for tax planning, and please don’t groan but this excites me. Yes I’m a bit nerdy, but I do love this time of year. This is a great time for our year-end client meetings which may culminate with a plan enabling our client…  Read more

How fortunate I feel to have been able to spend an extended Thanksgiving holiday with my family and friends.  It was great to get away and clear my head.  The morning sunrises over Gourdneck Lake, MI were spectacular Sunrise on the lake As great as our vacation was, I celebrated when our plane flew over Rockaway beach, “there’s no place like home” View from our widow seat as we approached…  Read more

Managing cash flow is a vital part of running a successful business. Some business owners think managing cash flow simply means keeping track of how much money enters and leaves their business, but there’s actually more that goes into it. As I take my morning run I try to clear my head and think about what I can do to help alleviate the pressures we are all facing.  Our firm…  Read more

Weekly Digest – 10 June 2020 Resources to Help You Survive – and Thrive – During the COVID-19 Pandemic As painful as the shutdown has been, a recent study indicates that it may have prevented as many as 60 million COVID-19 infections in the U.S. and 285 million in China. Banning large gatherings had the most impact in France and South Korea, while evidence is mixed on the impact of school closures.…  Read more

If you’re like many small business owners you’re probably astounded by how the world has changed in a very short time. While we can all hope that the pandemic is a once-in-a-lifetime scenario, the truth is there is a lot in life and in business that is uncertain, and there is a great deal we can learn from the response to COVID-19 to help plan for the future. Yes, your…  Read more

Resources to Help You Survive – and Thrive – During the COVID-19 Pandemic Now that some states are lifting lockdown restrictions, retailers whose offerings differ by the season are having an especially challenging time with reopening. Many were not able to fully restock their stores with spring items before they had to shut down, and have warehouses and stores full of items that no one wants now. Restaurants are also…  Read more

I clicked on the email from disastercustomerservice@sba.gov and was a bit surprised that they were inviting me to set up my portal so I could continue my SBA Economic Injury Disaster Loan Application. I said to myself “I got an Offer for a SBA Loan Now What Should I Do?” then I said to myself this is an opportunity and I should approach this as I would any other opportunity…  Read more