Bill’s Blogs

If you are in business, then guess what you are either an accountant by default or you need to hire one. Why? People ask that question while letting the year roll by until taxes come due. Oh no! Why do I have penalties?



Simple, you are not an accountant and you should have hired on. So the first rule of business accounting is to hire one if you are not one. Second rule of business accounting is to hire an accountant to review your accounting before filing taxes.



Most individuals starting a business are unaware that the filing deadlines for corporations and small businesses are different from personal filings. While personal income tax returns are due in April. Corporate and business tax returns are due in March. His often leads to many late fees and so forth associated with late filing penalties.

Keeping good records is another concern for most new business owners starting out. Many new business owners do not understand the tax code and do not understand what can be written off as an expense and what cannot be written off as an expense. These small errors will also lead to penalties and additional fees associated with your filings.

Make sure to keep all receipts or online order forms for later reference and keep them organized. There is nothing worse than the end of the year sorting festival. Receipts get lost and records can be incomplete if not taken seriously. Do under estimate the power of organization and the process of organizing your records. Keep them tight!

Giving to charity must also be carefully monitored and accounted for by both parties. The philanthropist and the charity should both get a receipt and have good records. If you give time then keep good logs of your time and have the charity you donate to accept and sign for your log. You need a receipt!



Warning! Take great care not to fabricate or provide false deduction information. If you claim a deduction make sure your records are in order and you are prepared to be questioned if such questions arise. The practice of over filing expenses with the federal government and fabrication of records is a federal offense and can carry legal ramifications beyond penalties and fines.

In fact you can be imprisoned for fabrication of any information regarding your taxes. Going to prison for bad record keeping? Now that is a bad way to end a fiscal year.

Keeping track of money coming in is as much of an issue as keeping track of money going out. Simple bank statement preservation can go a long way to keeping things on track for your new business. Keep them in a “safe” place preferably a fire proof safe if possible. Remember all the responsibility rests squarely on your shoulders no on else’s. The federal government does not care if your building burns to the ground before the tax year is over. You are still responsible for your taxes and the ramifications for not filing can be expensive ones.

Good accounting software should be your first stop if you plan to keep you own accounting records. There are several packages out there some are expensive and some a cheap. Pick one that meets your needs best not the biggest just because it appears to be the most expensive or the one with the most features. Remember, you have to learn how it works in order to keep good records. So keep in mind your own personal limitations when purchasing accounting software.

Finally, if you accept cash then document the transaction with a receipt. Never take cash without a receipt and always claim your cash receipts at the end of the year. After all, the greatest Mafia bosses and organized criminals of our time were not prosecuted for murder or the other hideous crimes they were in charge of. They were imprisoned for not filing taxes on cash receipts.

A good accountant can help you to avoid penalties and over taxation. Hire one they are worth every penny in the long run.

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About the author:

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The Equation: A 5-Step Program for Lifelong Fitness Dan Isaacson has studied the “energy balance” that is constantly at work within the human body and has developed specific guidelines for living a healthier life based on that dynamic.Already featured in Parade and Rolling Stone and implemented by too many celebrities to name, Isaacson’s “Equation” provides both the inspiration and the techniques with which people can improve their appearance, their health, and their lives. It includes: * Finding the right balance of input to output-a personal fi…
Customer Review: Something I Understand
This book was recommended to me by a friend. I was skeptical about the practicality of the “minimal effort = maximum weight loss” plan that is stated on the cover. But this book is not about minimal effort or maximum weight loss. It’s about a practical approach to developing and maintaining a lifestyle that will result in a heathier body. Isaacson and his co-authors provide details and specific guidelines for a simple, logical plan of diet and exercise that even I have been able to follow.
Customer Review: Extremely
This book is different from any diet book I’ve ever read (and I’ve read them all). It emphasizes small changes for slow, long-term weight loss. This isn’t a quick fix. Each week you add one small change to your eating - for example, in the first week, you’re to drink 16oz of water every few hours. The second week you add another small diet or activity change and so on.

What I love about this approach is that there are no forbidden foods, and you choose how much you want to lose as well as the…

When learning accounting for the first time, the terms debit and credit can be a bit confusing. Why? Because when you go to the bank and deposit money, the teller will tell you, I am crediting your account X amount of dollars, but if you are taking money our of your account, the teller will tell you, I am debiting your account X amount of dollars. Also, with debit machines all over the place, and credit cards in everyone s pocket, the two accounting terms take on a whole new meaning.

However, what we ve learned about these two words so important in the accounting world, debit and credit, have to be unlearned quickly. Why? Because in accounting, the term debit is used to describe a bank account and that money owed are actually credit accounts the exact opposite of what we ve been taught elsewhere.

In accounting terms, neither credits nor debits are bad , but they need to equal each other in order to balance themselves out in the end. Every itemized transaction, no matter if it s a deposit or a bill to be paid has both a debit and credit posted in the accounting world. This is what is called double-entry accounting so when you go to the bank, and the teller says, I am crediting your account X amount of dollars, she is also debiting an entry of a similar amount without telling you this. The same goes for when the teller tells you, I am debiting your account X amount of dollars, the accounting will show that a credit of the same amount is being made elsewhere at the same time.

The easiest way to figure out debits and credits in accounting terms is to figure out the following: what did you receive, and where did it come from. The debit is what you received, and the credit is where you received it from, in accounting terms. So for demonstration sake, let s say you bought a CD with your credit card. The CD is what you got, so it will be a debit in the accounting world, and the credit will be applied to the liability you carry on your credit card for the exact same amount.

The bank can easily confuse people learning about credits and debits in the accounting sense of the words, especially when discussing liability. For instance, when you put money in the bank, the bank s liability to you increases, and since liabilities are credits, they are crediting your account (in accounting terms). And when the bank lowers their liability to us (by us taking money out of the bank) the banks are debiting the liability account, from an accounting perspective.

Basically it comes down to being able to figure out what you got and where exactly it came from; if you can figure these out for every transaction, then you ve got the accounting terms of credit and debit down pat.

About the Author

For more more information about accounting please visit http://www.moneytipsdaily.com

BodyMinder Workout and Exercise Journal (A Fitness Diary) The BODYMINDER is the ultimate physical fitness diary. With a focus on workouts, it can also be used to keep track of any and all other exercise.

Each “day” consists of two pages with an organized, easy-to-use layout for recording workout details…from equipment & settings, to reps & sets, to difficulty level, to heart rate, to muscle groups, and more. There is also space for listing the details of other (non-gym) exercise…from walking the dog, to playing a sport, to dancing up a storm! I…
Customer Review: Well Suited for a Journal
The book is perfect if you’d like to track your gains and progress. Highly recommended.
Customer Review: Best training log ever!
This training log is the absolute best I have ever purchased. In the past I have used Weider’s Log, M&F Hers Log, and The Ultimate Workout Log. The Ultimate Workout Log was poorly bound with comb-binding and didn’t hold up well. That is what led me to try Bodyminder’s. It is bound well with nylon spiral binding. Nice thick faux-leather cover, a transparent pocket inside the back to store misc. papers (I tuck my pencil in there). Each day is a two-page spread with a myriad of choices. Ther…

The important processes that have to be clearly delineated for Data Mining, Analysis and Modelling are:

Data model: what data will be available and how will it flow? Data gathering: how will data be gathered both in physical and technological terms? Data gathered: what data will be gathered? Data types: what types of data will be gathered? Data formatting: how will data be held? Data warehousing: where will data be held? Data mining: how will we retrieve data from the warehouse? Information modelling: how will we create models and what of? Information access: how will we access the data models and reports? Presentation & reporting: on what will we report?

Most companies want to know essential information about customers at every point of contact, for example:

Lifetime value X sell and upgrade potential Acquisition cost Channel preferences Loyalty/retention Purchase behaviour patterns

Much of the data that they have will have different frequencies of change, refreshment or occurrence. It will be kept for different periods. In some cases, aggregated data may be kept rather than source data. All of these factors effect the data modelling exercise and the eventual modelling software requirements.

Turning the data into useful information requires:

Identifying the issue(s) Assembling the data set(s) Building models Verify models Interpretation of the results Automation of the delivery

Thereafter, modelling tools and techniques have to be used. These can be divided into two groups: theory driven and data driven.

Theory driven modelling (hypothesis testing) attempts to substantiate or disprove preconceived ideas. Theory driven modelling tools require the user to specify most of the model based on prior knowledge and then tests to see if the model is valid.

Data driven modelling tools automatically create the model based on patterns they find in the data. This also needs to be tested before it can be accepted as valid.

Modelling is an iterative process with the final model usually being a combination of prior knowledge and newly discovered information. The engine(s) tools and techniques include:

Statistical techniques Data driven tools Correlation Cluster analysis t-tests Factor analysis Analysis of Variance CHAID (Chi-square Automatic Interaction Detector) decision trees Linear regression Visualisation tools Logistic regression Neural networks Discriminant analysis

About the author:

Richard Hill is a director of E-CRM Solutions and has spent many years in senior direct and interactive marketing roles. E-CRM http://www.e-crm.co.uk helps you to grow by getting you more customers that stay with you longer. We provide practical solutions that pay for themselves. We help you to make sure that your marketing works.

Aerobic Walking The Weight-Loss Exercise: A Complete Program to Reduce Weight, Stress, and Hypertension Slim down, tune up, and feel better in eight weeks

With proper technique, aerobic walking is one of the safest and most beneficial forms of exercise and a terrific way to lose weight. Now from bestselling health and fitness expert Dr. Mort Malkin offers a complete, step-by-step aerobic walking program that you can customize to reach your personal fitness and weight-loss goals. Drawing on the latest scientific findings on proper walking techniques, weight loss, safety, and nutrition, Dr. …
Customer Review: good place to start
I thought that it was a volume 2 to “walking for pleasure exercise” but it is really a revision of it. So either one is sufficent, no need for both books by this author. Covers the topics needed to get a good start on exercise walking, a little bit more on diet than the earlier book.

Informative, straightforward, no surprises nor bad advice, a worthy start to any walking library.
Customer Review: A good choice for beginners
Malkin’s book is excellent for the beginner. I can say that because I am one.
All Malkin wants is for people to reap the benefits of exercise, all their lives, and enjoy it at the same time. His program is so hassle-free that you think it’s under-acheiving, but it works.
With the facts, and a sense of humor, Dr. Malkin shows that walking is the ultimate win-win exercise, with lasting benefits.
He gives you all the basics you need, plus refined techniques, to integrate walking into your …

Aerobic Dance Exercise (Winning Edge S.) This is one of six new titles that begins a series of value-priced fitness and activity texts designed for anyone interested in getting in shape and learning a new sport. The titles are authored by many well-known educators and sport leaders, and each book covers all areas including history and trends, fundamental skills and drills, equipment and safety concerns, and rules and regulations.

If you ask most small business owners what priority CRM has in their short-term business plans, chances are you’ll get more than one blank stare. The fact is that most small business owners don’t even know what CRM is not to mention how significantly it can benefit their growing company. This prevailing ignorance of small business CRM (customer relationship management) usually stems from just a few basic causes.

Excuses not to invest in small business CRM
The first and most common reason for disinterest in small business CRM is the very nature of small business. With limited financial and personnel resources at their disposal, business owners believe they can’t afford the money or time that a small business CRM system would require to show a significant ROI. Often times the chief concern is just staying afloat long enough to sign that big contract or receive a large product order.

Still other owners of new businesses believe that they can build and maintain quality customer relations simply by the virtue of the their cordial personality or particular market niche. They see small business CRM as an unessential luxury to be enjoyed exclusively by their larger competitors. What these owners often find is that without sufficient small business CRM support their business will never expand beyond the number of customer names they can remember. The problem is compounded when the company expands into internet sales (an essential move by any growing company) and suddenly finds its present customer tracking system overwhelmed by the sheer amount of incoming customer information.

The Bottom Line
The bottom line, as all successful small business owners have learned, is that it takes more than one good idea to build long-term business growth and stability. You may be great at attracting new customers to your business, but if you fail to care for, track, and understand your customer base, not only will you hemorrhage your hard-won clientele, you will also fail to capitalize on future opportunities by not anticipating future market trends.

The Solution
The good news about small business CRM is that there is an increasing number of automated systems available at prices that most smaller companies can afford without too much difficulty, usually around $2000 a year. Some CRM companies, effectively eliminating the need for small business owners to micromanage their CRM system, largely manage newer small business CRM systems. Now small business owners can reap the benefits of a smooth running CRM system with a minimal time/financial investment.

Features to look for in a small business CRM system
There are many features available to small business CRM users designed to not only track sales, but also cause sales. Here are some features to look for.
· Power Dialing-This feature allows your outbound sales agents to place 300%-400% as many sales calls, effectively quadrupling your workforce.
· Voice Messaging System-Allows you to automatically record and send sales calls designed to elicit a customer call back.
· Custom Fax and Email-Following up on leads with timely fax and email can mean the difference between closing sales and missing out on potential revenue.

Other ‘must-have’ features include:

· Calendaring
· Marketing management
· Sales management
· Order and quote management
· Service management

With the ability to outsource these business functions, small business owners can concentrate on implementing strategies that they’ve had to hold off on due to lack of customer information and/or time.

About the Author

Cameron Brown is an internet marketer specializing in phone”>www.insidesales.com/phone-sales.html”>phone sales. For more information on small”>www.insidesales.com/small-business-crm.html”>small business CRM, please visit Inside”>www.insidesales.com/lp_inside_sales.html”>Inside Sales.

Thanks to technological advances, experts in dermatology have been able to observe the effect that our diet has on our skin’s texture and appearance.

Many recent studies in dermatology confirm that the most significant factor in skincare does not only depend on the cosmetics that we apply (which, of course, do make a difference) but also largely on our diet.

So…which diet should we implement to look great?

WATER Our body is 70 percent water; therefore, it’s logical that any lack of sufficient water intake will affect our appearance.

That’s why drinking water is undoubtedly the easiest and most efficient way of preventing the signs of aging, maintaining the skin smooth and the body healthy.

HOW DOES WATER AFFECT OUR SKIN? Water eliminates the toxins in our body that are daily stored up through contact with pollutants, tobacco smoke, stress and other sources of free radical formation. Concretely, free radicals are the principal cause of skin diseases and premature aging.

Water not only gives skin a more youthful appearance but also eliminates all of these elements, which cause the appearance of acne. Acne is formed by the accumulation of bacteria, oil, dead skin and dirt on the skin. Even for those with oily skin and problems with acne, water is needed to wash away both internal and external impurities.

Additionally, water helps vitamins and nutrients to easily flow throughout the body. In particular, it collaborates with all of the body’s organs to distribute vitamins E, C and B12, which help maintain the skin smooth and young.

HOW MUCH WATER DO I NEED TO DRINK DAILY? Normally it’s recommended that a person drink at least a liter and a half of water, although many dermatologists recommend increasing the dose to two or three daily liters.

WHEN IS IT ESSENTIAL TO DRINK WATER? It’s very important to drink and recuperate lost fluid after exercising or sunbathing. Don’t forget that water is good not only for your organism but also for your outward appearance.

WATER INSIDE AND WATER OUTSIDE When cleansing facial skin or the body, it’s best that the water be lukewarm. Very hot water can dry out the skin excessively, but at an adequate temperature, its cleansing power is enormous.

BEAUTY TRICK Drink water in the morning; it will help eliminate a puffy or swollen face.

Who would have thought that water would end up being one of the most relevant beauty secrets in the new millennium?

About the author:

Maria Llorente is a qualified Make Up Artist who writes on health and beauty subjects.

Fitness through Aerobics (6th Edition) Written for an aerobics, step aerobics, or aerobic dance course, Fitness through Aerobics teaches steps and methodologies for performing all types of aerobic dance exercises, as well as the strength and flexibility exercises that contribute to proper technique. The book features thorough coverage of new trends in the aerobics and fitness fields, along with information on standard aerobic dance, warm-up/cool-down activities, flexibility, injury prevention, and methods for teaching …
Customer Review: Interesting Photos….
I’m only reviewing the 4th Edition here — and only a very small part, which is all I was able to glance at at the time…some photos of common exercises which the book advised against! Not just stuff like the sit-up which we now know to be bad for the back, but also side stretches, leg lifts, tilting/rolling the head backwards! Duck walks, the bridge…so many things which had been used during the tae kwon do training of my youth are listed as being dangerous here! You really must see the ph…