Tax & Accounting Insights for Irvine, CA. Expert Guidance from Bharmal CPAs
Changing Course? Follow These Guidelines
Changing an organization’s direction is difficult, but sometimes it’s necessary. Whether your company has two employees or 20, pay attention to these change management fundamentals: Start at the top. You can’t expect people to change their habits if you’re not willing to make some adjustments yourself. Set a positive example to show your commitment to the new approach. Persuade other [...]
IRA Retirement Plan Limitations For 2018
The Internal Revenue Service announced cost of living adjustments affecting dollar limitations for IRA and recently retirement-related items for tax year 2018. Here are the highlights: The income ranges for determining eligibility to make deductible contributions to traditional Individual Retirement Arrangements (IRAs), to contribute to Roth IRAs and to claim the saver’s credit all increased for 2018. Taxpayers can deduct [...]
Writer’s Block?
Vanquish it with these tips! Writers of all kinds sometimes fall prey to blocks. Whether you’re writing a book, a blog, or a business article, these tips can help you get past those blocks and get back on track: Start early. You have more willpower and energy in the morning, so use it to your advantage. You’ll also have fewer [...]
Unexpected Salvation
The sole survivor of a shipwreck washed up on a small, uninhabited island in the middle of the ocean. Every day he scanned the horizon for help, but he never saw any ships. Over the months he built a small crude hut to protect himself from the rain and to store his few tools and possessions. He slowly gave up [...]
Play These Roles When Developing Ideas
Thinking creatively requires different mindsets at different stages of your project. If you can shift gears yourself, do that; if not, bring in a colleague to help you sort through the issues. Focus on these key roles as spelled out by Walt Disney: ✔ Dreamer. Don’t limit your vision at the outset. Let your mind roam widely as you explore [...]
Wisdom from the Oracle of Omaha
Warren Buffett is one of the richest people in the world, so his advice on money should be worth heeding. Here, in his own words, are some of his tips and aphorisms on saving, investing, and spending: PLANNING. “Someone’s sitting in the shade today because someone planted a tree long ago.” SPENDING. “Price is what you pay; value is what [...]