A colleague of mine used the phrase, “I don’t know what 7 billion people are going to do tomorrow” to answer the question of “What’s the market going to do?” I thought it a very simple and profound answer to a question many people ask. There has been a lot of up and down in [...]
DOL on the Prowl
If you’ve never had the pleasure of dealing with the Department of Labor, you are lucky. Consider the following true story. When a Relationship Goes from Bad to Worse Disgruntled employees. We’ve all had them; hell, I’ve been one a couple of times myself. It becomes troublesome when they leave and have an ax to grind. There [...]
Is Oklahoma City the Next Dallas?
On a recent trip to Dallas, I asked myself the above question, is Oklahoma City the Next Dallas? Will OKC or Oklahoma in total, ever measure up to the Metroplex? Why in the world would you want to? In The Beginning As a student at the University of Oklahoma, I dreamed of working in Dallas, [...]
Time to look in the old education mirror – it’s Pogo time.
Please welcome our guest blogger, Dr. Johnathan Willner, Professor of Economics, Oklahoma City University Snow White is nice little fairy tale, fit for the current dilemma in US Education. Many Americans look in the mirror and decide that each of us is the fairest of them all. We are wonderful and perfect people who [...]
Inflation-What’s the Big Deal?
There has been a lot of conversations recently in the business press about inflation, so I though it would be a timely topic. Why should business owners even care? Primer Many people were not in business the last time inflation was a serious problem in the United States, so for most this is uncharted territory. [...]
1099 Reporting Requirement Repealed
What does the recent health care act have to do with 1099 reporting requirements? It sounds like the beginning of a bad joke, but that is the question that many people asked after the Affordable Care Act passed last year. The good news is that we now have an answer to that question. And, [...]
A Tax on Toilet Paper? Really?
I know that no one likes taxes, and it would be a major coup to have 100 people agree on what is the best taxation method, but we’ve truly gone through the looking glass folks. Tax Types Generally, you can tax anything or any activity, but most taxes center around the big three, real property, [...]
Loophole You Could Throw a 2X4 Through
The 2010 Tax Relief Act may have a large unintended loophole. The Act allows business to claim a 100% depreciation deduction in the year assets are placed in service for qualified assets. As usual, the devil is in the details. So what are qualified assets? Sure Thing As we’ve previously discussed in our letter on the [...]
Things That Will (Probably) Never Happen
Wanted to share some of the proposed tax law changes in the President’s budget. With the current political climate, it is hard to believe that the House will accept many of these changes, but really, who knows. Anti-Business Elements Raise Federal Unemployment Tax (FUTA) wage base from $7,000 to $14,000 Elimination of the LIFO inventory [...]
Why Outsourcing Payroll Makes Sense
I know that most would think it self promotion, but I truly believe that I would say the same thing if I were in a different industry. Processing your own company’s payroll COSTS you money. I don’t mean in the way some sales people use the phrase, but actually hard dollars you can put in [...]