Lessons from 10 years of toil

This month marks the ten year anniversary of the start of my accounting practice. A lot has happened over the course of that decade. Here are a few lessons:


0 Comments6 Minutes

Valuing Commercial Real Estate

“I think we’ll just have a market analysis done.” That’s what the CPA said to me and my client as we discussed the value of a commercial building that my…


0 Comments3 Minutes

Captain Herman, Part 4

If you haven’t read the first three installments about Captain Herman, you will find Part 1 here, Part 2 here, and Part 3 here. Excellence. As a business grows and…


0 Comments5 Minutes

Captain Herman, Part 3

If you haven’t read the first two installments about Captain Herman, you will find Part 1 here and Part 2 here. They are the backstory for the following lessons: Seek out…


0 Comments4 Minutes

Captain Herman, Part 2

As a “numbers guy” my mind was reeling with all of the opportunity that Captain Herman was tapping in to. 


0 Comments2 Minutes

Captain Herman, Part 1

Our family recently returned from a much needed respite in the Cayman Islands. It was there that I met a most interesting entrepreneur. 


0 Comments3 Minutes

Are business meals still deductible?

A client texted me last week to ask if business meals are still deductible. It’s a good question given all of the confusion around last December’s tax reform. 


0 Comments1 Minutes

Is alimony still deductible?

A client emailed a question that you may also have: Bob— Good morning.   Have you heard or do you know anything about a 2019 tax law change that makes alimony NOT…


0 Comments1 Minutes

ACA Penalties Gone?!?

Bob, I heard that the tax law passed in December of 2017 eliminated the ACA penalty for not having health insurance. Does this mean I don’t have to pay a penalty on my 2017…


0 Comments2 Minutes

New year, new business!

One of the first emails to hit my inbox in 2018 is from someone looking to start a new business. Below is my correspondence and general advice to this new entrepreneur. Happy New…


0 Comments3 Minutes

Selling a rental

“Bob, I’m selling my condo and should pocket $20k after paying off the mortgage. How much tax will I owe on the $20k? Just to provide specifics, I bought the condo at…


0 Comments2 Minutes

The taxation of cryptocurrency

Bitcoin, Ethereum, Litecoin…and the list goes on. Cryptocurrencies were once only known to those making a living online, but have grown in popularity and usage in recent…


0 Comments7 Minutes

The Power of Pain

“Joshua fell and hurt is arm.” Those are the words I heard letting me know that my evening plans were about to change. As we sped to the hospital to meet up with our…


0 Comments4 Minutes

Facing Fear in Business

Last month I had the opportunity to be the keynote speaker at a wedding industry event. In telling my story, I highlighted three components of growth that benefitted me. Here is…


0 Comments2 Minutes

Roth 401k or regular 401k?

This week a client asked a great question about investing and taxes. Here is her email: “Hi Bob, I was wondering if you could help me out with a question. My company has…


0 Comments2 Minutes

Can I write off my RV?

A new client asked a good question this week: can I write off the interest and excise tax on my camper? In her situation, the answer is "Yes!" Here's a thumbnail sketch of her…


0 Comments1 Minutes

What a ballerina can teach you about business

My younger daughter is a ballerina. If you are picturing a small girl wearing pink with her hair in a bun, you’re only half way there.  Add to that picture 10 banged up…


0 Comments4 Minutes

New tax deadlines this year

This year the IRS has shifted the filing due dates of several returns. If you are a business owner, take note of the new dates below.


0 Comments1 Minutes

Focus on the Fundamentals

My oldest daughter has competed in several sports over the years: gymnastics, diving and cross country. This past year, however, has seen her take up the unusual sport of pole…


0 Comments4 Minutes

Focus like a swimmer

My younger son is a swimmer at the local YMCA. To say it didn’t come naturally to him would be an understatement. Let’s just say that whining, crying and bribery were…


0 Comments4 Minutes

Should we file separately?

A recent email from a client asked this question. Here it is: “Hi Bob - Because of our financial struggles, we believe that we will finally be qualified for some…


0 Comments2 Minutes

Discipline like a wrestler

My son is a wrestler. Not the John Cena type of wrestler, the Jordan Burroughs type. He’s a high school wrestler. I’ve learned more about business and entrepreneurship…


0 Comments5 Minutes

Year end tax tips for your 1040

As 2016 winds down, there are a few things that taxpayers can do to reduce their tax liability for the year and none of them are related to the election or the President-elect!


0 Comments4 Minutes

Are personal distributions a business expense?

I received an email today with a common question about shareholder distributions.


0 Comments2 Minutes

Great news for FAFSA filers!

If you have a student in college, you are familiar with the Free Application for Federal Student Aid or FAFSA. And you know the drill...


0 Comments2 Minutes

We moved!

Our new office is located at 18 Middle Street in Brunswick, around the corner from our old office. 


0 Comments1 Minute

Be like Bach!!


0 Comments1 Minutes

Make the List!!


0 Comments3 Minutes

Who defines affordability?


0 Comments2 Minutes

Are credit cards evil?


0 Comments4 Minutes

A case for networking with just one person

When I started my own tax and consulting practice I set out to network with the local business community so that I could grow my business. Not being a natural networker, I had to…


0 Comments5 Minutes

Service still matters!


0 Comments2 Minutes