Tag Archives: Consumer Fraud

CPA Tip: Be Careful of Phoney IRS E-mails and Sites

I find it amusing and a challenge to get bogus IRS e-mails.   First of all, the IRS will never send you an e-mail stating you owe taxes, or a refund.  They are paper-people.  So, knowing that the e-mail is a fraud, … Continue reading

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CPA Fraud Alert: The Day the Giorgio Armani “Rep” Tried to Rip Me Off

I slipped the money from the ATM into my wallet as I hurried to my car.  “Hey, excuse’!” I stopped.  A young man yelled out his car window in the parking lot. “Can you a tell me to aeroporto?” I … Continue reading

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The IRS Does Not Send Tax E-Mails. Don’t Get Fooled.

It happened again this week.  A nervous client, who owns an entertainment partnership, received an E-mail from the IRS (with the IRS logo and such) claiming that his tax payment was rejected.  My gut reaction was “scam,” he didn’t make any tax … Continue reading

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Strategic Thinking: Don’t Confuse Tactics for Strategy

“There’s nothing worse than a sharp picture of a fuzzy concept.”  —Ansel Adams “There is nothing more wasteful than becoming highly efficient at doing the wrong thing.” –Peter Drucker Mike Michalowicz’s article The 90-Day Method: A Strategy For Business Growth … Continue reading

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Are Business Strategies Obsolete? Does it Matter?

My wife and I have started a new hobby of collecting and reselling small antiques. We really enjoy “the hunt,” but one of the most rewarding aspects is our increased knowledge of 100 year old household tools.  One such item … Continue reading

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Business Acumen: Beware of Useless Advice

There are brilliant people that study for years to provide brilliant advice based on solid, empirical evidence.  Then, there are others that just talk well. Financing, Outsourcing And 7 Other Tips from an Expertby Shira Levine, touts the advice of … Continue reading

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A CPA/Planner Tip on How to Survive in the New Business Economy

I worked with a plumber, Dan, when I was 15 years old.  I learned some plumbing, but mostly I ran to his truck for tools and dug ditches…lots of ditches.  Dan told me that I was good, but I wasn’t as … Continue reading

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Financial Independence: Does That Define Your Small Business?

I grew up in a family of small business people.  It started with my grandparents who opened an Italian restaurant in 1949 with their four high school children.  At that point, my grandfather would arrive at the restaurant at 4 am … Continue reading

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Pareto’s 80/20 Principle: Business Playing the Odds

Amazing, just amazing. No more than amazing, it was magic.  That was my first reaction to the 80/20 rule when I reached into my pocket and saw that 20 % of the coins equalled 80% or more of the value.  So, … Continue reading

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CPA Economic Depression Thinking: Buy Your House and Pay it off…Good Idea? Maybe.

As a CPA, I have categorized home-owner’s financial strategy into two categories over the last 32 years:  One, the Depression Victim, and Two, the Leverage Junkie.  The Depression Victim’s financial strategy is a person who has lived or heard about people … Continue reading

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