Saturday, October 09, 2010

IRS Planning on Requesting QuickBooks Files in Audits

Well other accountants are beginning to take note of what I've been telling clients for the last 5 or 6 months.

The IRS is in the process of training agents and acquiring QuickBooks software with the intent of requesting your QuickBooks company files as part of any audit they perform. So be aware, this is a good time to get someone to look over those files if you or someone else within your business is doing your books without the aid of a qualified accountant.

Many people just don't realize the risks of having the IRS go over those files. Even if all of your income and expenses are reported and the amounts are totally correct you can still be in trouble just because things aren't reported in the right categories or following the necessary accounting procedures.

The worst areas of compliance I see are in most often are in asset listing (and any accompanying depreciation records) and the proper accounting of the Owner Equity account.

Owner Equity is difficult to understand and tracking adjustments to it for any type of shared owner based tax entity (Partnership, LLC, Sub Chapter S Corp.) are especially difficult. So I see these accounts with incorrect entries quite often. And issues of not having this information correctly accounted for can affect your ability to claim loses especially against other income.

So as Shannon Tucker says in his article contained below this is going to change the whole nature of audits and not for the benefit of Small Business. Believe me the IRS isn’t buying from 1,500 to 2,000 copies of QuickBooks and training their agents in its use just for fun. They now have, or will have by next year, the tools and the training to do audits directly on QuickBooks files and not even have to leave their office to do so.

That leaves the ball in the court of the small business owner. I can only hope that they take heed and address any problems they may have in their accounting.

And feel free to write, call, or contact me if you have any questions or would like me to look things over for you. Best of all we will do a basic review of your books free of charge for those requesting it between now and the end of January 2011 just to help with this problem. And if it reveals any problems we’ll can help you decide what course of action is best for you resolve your problems.

ProServices of Kansas

a Full Service Accountancy & Business Consultant Practice

www.proservicesks.com

1-316-250-4474 (cell)

1-801-981-6929 (fax)

kstaxman@proservicesks.com

http://timepasseson.blogspot. com/

@kstaxman (Twitter & Amplify)

Amplify’d from blog.quickbooksusers.com

Getting Audited? They Might Want Your QuickBooks File

If you are contacted by the IRS about an audit, they may ask you to hand over your QuickBooks company data file. This comes from Revenue Procedure 98-25:

“All machine-sensible records retained by a taxpayer, whether retained under the provisions of a record retention limitation agreement or for other reasons, may be used for computer assisted auditing techniques…

There has been a lot of talk about this on some LinkedIn discussions and accounting blogs I follow. Reportedly, the IRS has purchased 1,500 – 2,000 QuickBooks licenses and is training auditors in its use.

There are a couple areas of concern for small businesses about this:

  • If your QuickBooks records are a mess, or don’t add up to what was reported on a tax return, that could spell trouble during the audit.
  • Most taxpayers don’t want auditors fishing around in years other than the targeted year. But with QuickBooks, there is no way to confine the file to one particular year.
  • A few ways you can help protect yourself in this scenario:

    1. Have clean books to begin with. Get a CPA or professional bookkeeper to review your books and help you make any course corrections. Your QuickBooks data should conform to good accounting principles. Do this before you file your next tax return.

    2. Run the QuickBooks Cleanup command on your data before you give it to the auditors, and specify an appropriate cleanup date. For example, if you are being audited for 2008, run the Cleanup through Dec. 31, 2007. That should at least close the door to the auditors having access to your transaction records before the 2008 audit period.

    3. Consult with a tax accountant if you get audited.

    Read more at blog.quickbooksusers.com
     

    FaceBook and New Groups Features Already Under Fire


    In his this article by Ben Patterson a technology writer for Yahoo! News he discusses the good and the bad of FaceBooks new groups features. And I have to agree with him his findings. For once again FaceBook thumbs it's nose at security and our ability to control the content of our FaceBook profiles.

    Why do I say that?

    Simple, with all the good that they offer with these new groups they allow one glaring opening to what will for many of us soon become a problem.

    ANY FRIEND, again ANY FRIEND you have can add you to any group they want to. What is FaceBook thinking. Do they really think that I'm interested in some friend or family member being able to sign me up for some group that may flood my inbox with email for a group and event's I'm not interested in. And while I can go and remove myself from that group it begs the point of why every time Facebook adds some NEW feature it's always an opt out feature not an opt in.

    The reason is obvious and simple FaceBook just doesn't believe that anyone should keep anything private. We should all be in one big group sharing everything. Well to the Guys and Gals at FaceBook I would tell you that's just now how it is with me and I'm sure that's not how it is with may others.

    So Wake up and try to pay attention.... we want features to be OPT IN not OPT OUT. And I can tell you when I get signed up for some crazy group, and it will happen, I intend to complain and loudly. Not that it will do more than make me feel good but it's my only option for what is a total disregard for me keeping control over my FaceBook account.

    Anyway this is a great article and really highlights all the good ( and there is much that is good) and the bad of FaceBooks new groups feature.

    Five questions — and answers — about Facebook Groups



    Fri Oct 8, 7:28 pm ET


    Another week, another Facebook controversy — this time, over the site’sjust-relaunched "Groups" feature, which lets you create instant private or public spaces for your friends, co-workers, fellow hobbyists, you name it.

    Personally, I think the idea behind the new Groups feature is an excellent one. By designating smaller circles of friends within your overall list of Facebook pals (which, for some online social butterflies, can easily run into the thousands), you can post updates, photos, videos, and URLs to your individual subsets without bothering everyone on Facebook with the minutiae of, say, your breakfast menu, or how quickly you crossed the finish line in your latest half-marathon.

    Indeed, I might start actually posting to Facebook again now that I’ve created a tiny group of friends (three, to be exact) who (a) I trust, and (b) won’t be annoyed by any pointless musings that I'll be tacking onto our wall. (Uh, guys — you don’t mind, right?)

    But it didn’t take long for a controversy to flare up: namely, the fact that your Facebook friends can add you to any group they so choose — as long as they’re already members of said group — without your permission.

    Why did Facebook make Groups go the "opt-out" rather than "opt-in" way? "To make the product simple" is the official line. Another likely reason for the policy, I’m guesssing, is that it encourages the rapid growth of ... well, new groups. Without the necessity of waiting for invitees to accept an invite, Facebook’s groups are free to grow quickly and exponentially. The more — and bigger — groups there are, the more Facebook members will use them — and that’ll make groups more attractive to app developers and advertisers. Hey, that’s business, like it or not.

    Of course, the downside is that you might find yourself suddenly signed up into a Facebook group (or groups) you hadn’t bargained for, such as the "Underwater Basket-weavers of America," with your inbox suddenly flooded with email notifications for each and every snapshot, comment, and update posted to the collective group wall.

    That’s a side-effect I’d count as more of an annoyance than anything else, although there’s always the more worrisome possibility that one of your frenemies will add you to a group of a more, ah, unsavory nature.

    So, here are five questions — and answers — for how to weather the current Facebook Groups storm (or tempest in a teapot, depending on how you look at it).

    1. Who can add me to a Facebook group?

    Not just anyone can add you to a group — in fact, only someone who’s already one of your Facebook friends can do so. Still, it’s a bit disturbing that any of your Facebook friends can add you to, say, the "Bald Eagle Hunters Club" without getting your permission.

    Then again, your friend would already have to be a "BEHC" member before he or she could invite you to the group ... and besides, who is this so-called friend, anyway? Indeed, the story that sparked this whole debate about the Groups feature involves someone with more than 4,000 Facebook friends. I don’t think I’ve even met 4,000 people in my 41 years on Planet Earth, much less know 4,000 people whom I’d be willing to "friend" on Facebook.

    Suggestion: If you’re seriously worried about people adding you to groups that you’d rather not be a member of, maybe it’s time to pare down your Facebook friends list, starting with anyone who added you to a group you didn’t want to be a member of. The "Remove from Friends" button can be, in fact, your friend.

    2. How do I leave a group — and prevent someone from adding me again?

    Wait — so, you didn’t want to be a member of the "Underwater Basket-weavers of America"? Just visit the group page, click on the "Leave Group" link under the list of members, and you’re outta there — simple. After that, no one will be able to re-add you to the group in question without your explicit permission.

    3. But even if I remove myself from a group, won’t the fact that I got added in the first place pop up in my Facebook news feed, for all to see?

    Yep, you’re right. You can always delete the notification from your wall, but that won’t stop your Facebook friends or other users (depending on your privacy settings) from seeing the update before you were able to delete it.

    One proactive (if extreme) measure, is to deny the Groups app permission to publish stories to your wall; just click on Account on the top-right of the Facebook interface, then select Application Settings. Find the Groups app, click Edit Settings, then click the "Additional Permissions" tab (almost there), and, finally, uncheck the box that reads "publish content to my wall."

    4. How do I cut down on all these email notifications from my groups?

    Getting inundated with a flood of email messages every time someone posts a "Cute photo!" comment onto a group snapshot can quickly grow tiresome. If you’d like to keep your inbox as uncluttered as possible, just tweak your Groups notification settings: Visit the specific group page, click the "Edit Settings button" in the upper-left-hand corner of the page, and select the radio button next to the option you prefer (for example, you can get a notification each and every time a member posts or comments, only when a friend posts, or only when someone comments on one of your posts). You can also visit the email notification page in your privacy settings and turn off all notifications if you wish.

    5. Can the other members in my new group see all my Facebook info?

    So, the worst has happened: Your now ex-friend just added you to the "Bald Eagle Hunters Club," and all of a sudden you’re unwillingly mingling with a bunch of ... well, people you wouldn’t normally invite over for tea. Since you’re in a group with these guys, do they now have access to all your Facebook info?

    Here’s the good news: not if you’ve limited access to your profile in Facebook’s privacy settings. If you’ve restricted your updates, photos, and personal data to "friends only," your fellow "Bald Eagle" members won’t be able to see anything about you except your publicly accessible profile info (which, again, you can customize in your privacy settings).

    On the other hand, if your privacy settings allow anyone and everyone to see your Facebook info, other, non-friend members in your new Group will be able see your data too — then again, they already could, even before you (unwittingly or not) joined the group.

    Bonus: What can I do to ensure my privacy is completely secure in a group — or on Facebook in general?

    You probably already know all this, but it bears repeating in light of the new Groups controversy: Facebook isn’t about keeping your personal info safe. It’s a (for-profit) business that does everything it can to get people to share their personal information. That’s not an excuse, it’s just a fact.

    If you’re really worried about your privacy on Facebook, please — don’t post your personal details, photos, videos, street addresses, or phone numbers on Facebook. Seriously! It might even be time to delete your account, or just don’t join at all. Trust me, you’ll still be able to make friends in the real world.

    But if you still want to be on Facebook, you’ll have to accept the fact that you’re putting your personal information in Facebook’s hands. Don’t trust Facebook — or your friends on Facebook, for that matter? Then maybe Facebook isn’t for you.

    — Ben Patterson is a technology writer for Yahoo! News.

    Friday, October 08, 2010

    Does Anybody Even Know You've Here?

    In her article titled "Nobody's A Mind Reader" Lori Randall makes the point that people aren’t mind readers and states, “You really have to define yourself so that you can better communicate this to others.  Nobody’s a mind reader and if you’re unclear about yourself then you might as well kiss business goodbye as it goes to somebody else who actually knows who they are and what they have to offer.” (For complete article see link below)


    To that I would reply” Lori you’ve hit the nail on the head to most people’s failure to succeed on the web”.


    I have people all the time who wonder why no one visits their site or blog. And the first things I always ask them are, "Does anybody know you're there? Does anybody even know what you do or the services you provide? And if you quit doing everything you do on line tomorrow would more than a handful of people even notice?"


    And while the web is a great place for a business just being there isn’t enough. And as any Realtor will tell you in real estate it's about location, location, location. Well the web is all about location, too.


    But just because all sites on the web are the same from a technical point of view they aren't the same from a “location” point of view. And while unlike a physical brick and mortar building on a street somewhere sites are 24/7 and available to anyone, anywhere in the world, that fact isn’t going to get you either traffic or business.


    So if “location” on the web isn’t a fancy site with a cool URL and lots of, scripts, pictures, landing pages, and clever well written content then what pray tell what is it?


    Well web “location” is a virtual place that’s in the minds of those seeking whatever it is that you do. And it requires that intangible thing called presence if you are to create it and move from just being another undiscovered online URL to a successful site.


    Remember, if you're not found somewhere in the mind of that person or business looking for you or your services at that exact moment they are ready to act, you don't exist. People can’t be expected to be mind readers and to know who you are and what you do without your sharing it with them. And they won’t explore much outside of what’s found already in that virtual world contained in their mind just too find you when they are ready to do something.


    So by developing presence you create a “location” in that virtual world in the mind of those you need to succeed on the web. To go from just being a site occupying space on the web to being successful requires being known by your audience and that requires contact and communication (presence) leading to discovery (location) and finally action.


    And it’s by Tweeting, ReTweeting, Amplifying, Blogging, Commenting, and in every way possible building presence that your message on the web becomes communication that leads to discovery and finally becomes action. So being crystal clear about who you are, what you do, and what you stand for will build presence and soon that presence will become fixed (located) in the minds of your potential customers and they will become the traffic and customers that carry your business to success.


    http://lorirs.com/blog/2010/10/nobodys-mindreader/




    Thursday, October 07, 2010

    Google's New Page Previews for Search

    A wide awake blogger caught sight of something that Google is working on behind the scenes as he stumbled onto what is obviously the testing of a new page preview feature for Google search. The effect could profound for SEO and site views. No more would you click through onto some page that you didn't really want to see. And for searches that are being diverted to a site that might pose a security risk it could make it much harder as the page would have to look interesting enough to get you to open it. So those with landing pages and using redirects to pages that most wouldn't go to if they knew what they were may now have a problem getting people to be lured into actually visiting a page. So while we don't know much the implications are interesting to speculate on. But one thing is certainly clear as always Google as is constantly working on innovative changes to online search.

    Amplify’d from www.blogstorm.co.uk

    Google is today testing a major new layout to their search results – full page previews of the target site and blue backgrounds behind the search results when you hover over them. Click the image below for a full size version.

    One of the fascinating things about this is that they are highlighting certain sections of the page in orange and expanding the text to provide a snippet of information. This shows that they have the technology to know exactly where a piece of text is on every single web page. The snippets highlighted are not always the same as the snippet in the search results.

    The size of the preview seems to be pretty much the full page although some longer pages are cropped at the bottom. You can click anywhere on the preview to take you directly to the site.

    In addition to this they are now showing multiple results from the same site without indenting the results – see how myvouchercodes.co.uk has 1st and 2nd for the query above. This change follows a similar one they did in August Google to start showing more results from one particular site when users entered a brand related query.

    Look how freelanceuk.com has 2nd & 3rd for the query above.

    This new change is for non-brand queries as well. We have seen sites occupying 2nd, 3rd, 4th and 5th for some queries!

    To be 100% clear – this is not a plugin. I’m using Google Chrome incognito mode with no plugins installed.

    See more at www.blogstorm.co.uk
     

    Well it looks like my gmail accounts are down right now. I'm not completely sure but I don't get either one of the two I have to come up. The site I usually use to confirm if gmail is up right now shows the ? mark rating. That usually means that some of gmail is down and some still up. Anyway this site is sure handy and seldom is wrong although they do have a disclaimer. So next time you're not able to get gmail to work check out gmails status here:http://gmailstatus.com/ http://amplify.com/u/c1an

    Mammoth Microsoft Patch Tuesday Planned for October

    On October 11th Microsoft plans to release a record breaking number of patches addressing security issues in all versions of Windows from XP through Win 7. That is something to be aware of and be ready for at anytime but I think that this time may be something unusual in far more than just how may patches are included.

    For in looking over the patches and the areas they affect I find that at least two of these patches will be to areas that have caused me problems in the past. Will these patches cause problems? That I can't tell you. But between the large number (which is sure to increase chances of problems) and the two that are to program areas that I've had trouble with before I would advise caution.

    I intend to download but not install these patches until Wednesday or Thursday just to see if problems are reported.

    So while I'm not advising you to do the same it's something to consider.

    Your risk from waiting an extra day or two before you install these patches is little but the time to correct a failed or troubled install sure isn't fun.

    Amplify’d from www.zdnet.com

    MS planning Patch Tuesday whopper: 16 bulletins, 49 vulnerabilities

    This month’s batch of security patches from Microsoft will be a record-breaking one:  16 bulletins addressing a whopping 49 security vulnerabilities.

    According to the company’s advance notice, four of the 16 bulletins will be rated “critical,” Microsoft’s highest severity rating.   Microsoft rates a critical vulnerability as one that could be exploited to propagate an Internet worm without user action.

    The 49 vulnerabilities will mark the largest ever batch of patches issued by Microsoft.  The previous record was 34 vulnerabilities patched in August this year.

    The October patch batch will include fixes for security flaws in the Windows operating system, the Internet Explorer browser, Microsoft Office and the .NET Framework.

    It is very likely that Microsoft will include patches for a pair of elevation of privilege vulnerabilities that were exploited during the mysterious Stuxnet worm attack.

    The flaws in this month’s release affect all version of Windows, including the newest Windows 7 and Windows Server 2008.

    Read more at www.zdnet.com
     

    Mammoth Microsoft Patch Tuesday Planned for October

    On October 11th Microsoft plans to release a record breaking number of patches addressing security issues in all versions of Windows from XP through Win 7. That is something to be aware of and be ready for at anytime but I think that this time may be something unusual in far more than just how may patches are included.

    For in looking over the patches and the areas they affect I find that at least two of these patches will be to areas that have caused me problems in the past. Will these patches cause problems? That I can't tell you. But between the large number (which is sure to increase chances of problems) and the two that are to program areas that I've had trouble with before I would advise caution.

    I intend to download but not install these patches until Wednesday or Thursday just to see if problems are reported.

    So while I'm not advising you to do the same it's something to consider.

    Your risk from waiting an extra day or two before you install these patches is little but the time to correct a failed or troubled install sure isn't fun.

    Amplify’d from www.zdnet.com

    MS planning Patch Tuesday whopper: 16 bulletins, 49 vulnerabilities

    This month’s batch of security patches from Microsoft will be a record-breaking one:  16 bulletins addressing a whopping 49 security vulnerabilities.

    According to the company’s advance notice, four of the 16 bulletins will be rated “critical,” Microsoft’s highest severity rating.   Microsoft rates a critical vulnerability as one that could be exploited to propagate an Internet worm without user action.

    The 49 vulnerabilities will mark the largest ever batch of patches issued by Microsoft.  The previous record was 34 vulnerabilities patched in August this year.

    The October patch batch will include fixes for security flaws in the Windows operating system, the Internet Explorer browser, Microsoft Office and the .NET Framework.

    It is very likely that Microsoft will include patches for a pair of elevation of privilege vulnerabilities that were exploited during the mysterious Stuxnet worm attack.

    The flaws in this month’s release affect all version of Windows, including the newest Windows 7 and Windows Server 2008.

    Read more at www.zdnet.com
     

    Mammoth Microsoft Patch Tuesday Planned for October

    On October 11th Microsoft plans to release a record breaking number of patches addressing security issues in all versions of Windows from XP through Win 7. That is something to be aware of and be ready for at anytime but I think that this time may be something unusual in far more than just how may patches are included.

    For in looking over the patches and the areas they affect I find that at least two of these patches will be to areas that have caused me problems in the past. Will these patches cause problems? That I can't tell you. But between the large number (which is sure to increase chances of problems) and the two that are to program areas that I've had trouble with before I would advise caution.

    I intend to download but not install these patches until Wednesday or Thursday just to see if problems are reported.

    So while I'm not advising you to do the same it's something to consider.

    Your risk from waiting an extra day or two before you install these patches is little but the time to correct a failed or troubled install sure isn't fun.

    Amplify’d from www.zdnet.com

    MS planning Patch Tuesday whopper: 16 bulletins, 49 vulnerabilities

    This month’s batch of security patches from Microsoft will be a record-breaking one:  16 bulletins addressing a whopping 49 security vulnerabilities.

    According to the company’s advance notice, four of the 16 bulletins will be rated “critical,” Microsoft’s highest severity rating.   Microsoft rates a critical vulnerability as one that could be exploited to propagate an Internet worm without user action.

    The 49 vulnerabilities will mark the largest ever batch of patches issued by Microsoft.  The previous record was 34 vulnerabilities patched in August this year.

    The October patch batch will include fixes for security flaws in the Windows operating system, the Internet Explorer browser, Microsoft Office and the .NET Framework.

    It is very likely that Microsoft will include patches for a pair of elevation of privilege vulnerabilities that were exploited during the mysterious Stuxnet worm attack.

    The flaws in this month’s release affect all version of Windows, including the newest Windows 7 and Windows Server 2008.

    Read more at www.zdnet.com
     

    Wednesday, October 06, 2010

    What Lessons Can We Learn From "Social Network"

    With all the debate about the movie "The Social Network" largely resolving around the principal character, a fictional Mark Zuckerberg, I think many forget it's also about a company called FaceBook. And it's from this story of how FaceBook came into existence and rose to the top in social media that we can lean what it takes to build a business and make it succeed.

    For while FaceBook is a new business in a field of business that didn't exist only a few short year ago it still was built and operates by same the basic principles that have always been there.

    It is these underlying principals we can learn and apply to ourselves and our businesses. For as this movie shows a business to succeed must, in the end, find ways to solve problems as old as mankind its self.

    So to take that "amazing idea" from just an idea to a successful business requires certain steps and as we saw those who fail to follow those steps may end up on the sidelines. For while Mark saw his dream come true many of those who also saw the same dream fell by the wayside.

    And as this article from smartblogs.com so artfully details we need to remember business requires both a dream and a plan. Things just don't go from dream to plan to successes without a lot of work. And if we expect to be there in the end we need to remember to do business as a business. For all the success Mark achieves many failed to share in that success just because they forgot that.

    So what I took from this movie as the main points to keep and mind were:

    1. If it’s not in writing it doesn’t exist. All of Marks friends and early colleges failed to remember that. They didn’t keep records and thus they didn’t protect themselves. I tell clients all the time, “Write everything down and find a way to validate it.”

    2. Don’t trust that agreements are understood nor respected by everyone involved. It takes constant vigilance and attention to what’s going on to be sure that things don’t change or that someone involved doesn’t stage a mutiny and leave you behind.

    3. Not everyone is someone you can work with for the long term. Many of the people involved with Mark should have seen that they and Mark just weren’t going to be able to stay on the same project. They would have been better to have worked out an agreement and left rather than stay until they were forced out with little or nothing.

    4. Don’t take business decisions personally. When you start to take business decisions and differences of opinion personally you lost the ability to deal effectively with them. Once things become a personal battle then there have to be winners and losers. That’s not business that’s war.

    5. Understand your real role and position in a project. Early on everyone involved with the startup that became FaceBook felt they were the leader. That just can’t be. There can only be one leader and if that leader isn’t clearly defined then everyone will fight until a leader is established. That kind of fight leaves bodies all along the way.

    So I hope you both enjoyed the movie and keep in mind the lessons that can be learned from it.

    Amplify’d from smartblogs.com

    While you might not want to “friend” Mark Zuckerberg’s character after seeing the “The Social Network,” there is no denying that the film gives you a window into the zeal of the entrepreneur and teaches lessons about business practices and entrepreneurship, particularly “what not to do.”

    Much of the film centers on the controversy over the ownership of the idea of “The Facebook,” Zuckerberg’s supposed treatment of friends and colleagues, and his general demeanor on his path to becoming a billionaire. Yet, there is something to be said for the fact that Facebook is a tremendous success story. Facebook’s high valuation is the result of a brilliant idea that was driven to succeed by a hardworking crew of passionate believers willing to invest the time, energy, and money to make a concept a reality.

    After seeing a sneak preview of the movie, I came away with these takeaways for entrepreneurs:

    • A brilliant idea is just that … until you put it into action. The movie features an intellectual property lawsuit in which fellow Harvard students claim Zuckerberg stole their idea. Lesson learned? The world waits for no man. If you are smart enough to come up with a winning concept or idea, keep it to yourself or enlist partners you trust with confidentiality agreements in writing — or better yet, get a patent.
    • Go for the 3,000-lb. marlin. Your picture won’t be in the paper if you net 14 trout in one fishing trip — but it will be if you catch a 3,000-lb. marlin. Push your entrepreneurial vision to its limit and go after it. Don’t settle for what is easily accomplished and miss out on realizing the idea of a lifetime.
    • Be forthright with your business partners. A second lawsuit that shaped the movie’s plot featured Facebook co-founder Eduardo Saverin suing Zuckerberg for essentially pushing him out of the company. Zuckerberg’s character never plainly tells Saverin that his business-development ideas don’t fit with his grand vision for Facebook (fed by Naptster’s Sean Parker), and he then proceeds to dilute Saverin’s shares in the company. The lesson — communicate with your partners, listen to their advice, work to gain their buy-in and know when to cut business ties.
    • Your business is only as good as its latest review. At one point in the film, Zuckerberg’s character goes into meltdown mode when he fears that Facebook’s site may crash. His point? It only takes the site crashing on one person to create frustration and negative word of mouth. Consistency builds customer trust, and once lost, it is difficult to regain.
    • Businesses should be like fashion, ever changing with the times. Zuckerberg’s character makes the key point early in the film that “Facebook” is never “done.” The site is constantly evolving to be a better and more comprehensive product.
    Read more at smartblogs.com
     

    Tuesday, October 05, 2010

    Twitter Ready to Unvail New Look Tomorrow

    Tomorrow at their big event Twitter will be showing off their new look and it's sure to cause some buzz. From what TechCrunch.com wrote it sounds like most of the changes will be well received. Everything from moving the chat box to the left margin area to dropping the tabs at the top of the page to give the page more space make it sound like the "lockdown" team has been busy. This is the first "lockdown" that FB has had since the last big revamp a few years back. I can only imagine what it's like to have been "locked down" working 24/7 with somebody like Zuckerberg if he's anything like they say but that's how these types of things get done. Anyway here some of the detail from TechCrunch.com

    Amplify’d from techcrunch.com

    As you’re probably aware by now, Facebook is holding an event at their headquarters in Palo Alto, CA. The invite we received didn’t seem to give any real clues about what would be announced, but that didn’t stop everyone from guessing anyway. But now we know a part of what they’re rolling out — because they’ve actually already sort of started rolling it out. At least a part of what will be unveiled tomorrow is a redesign, we hear.

    Yes, just like Twitter did a few weeks ago, Facebook will be giving their service a new coat of paint tomorrow. Some users are already reporting that they’re seeing a new version of chat appear on the site — that’s because it’s a part of this redesign, we’ve confirmed with a source. More specifically, chat will be moved to the left side of the screen and big profile pictures are being added into the chat itself. But the real key of the redesign is that all Profile pages and much of the rest of the site will be revamped to look more like Places pages, we’re told. If you look at the image below of our TechCrunch Disrupt Places page, you’ll get a taste of what’s to come.

    Aside from the movement of chat, apps will be moved below profile pictures as icons. The profile navigation will also now reside in that area, we believe. That means the top tabs you see now on Profile pages will likely be no more. There will also likely be a lot of subtle tweaks to the UI in order to unify the entire service. All the major Facebook areas should be getting this new coat of paint, we hear. That means Profiles, Pages, Events, Groups, Photos, and Videos.

    From what we’re told, Facebook has been in a state of lockdown for the past two months or so working on this new design. This lockdown is actually called “Lockdown” — there’s even a Facebook Group for it. Apparently, it’s something that CEO Mark Zuckerberg uses to get the troops worked up and ready to work basically 24/7. “Whatever it takes,” we’re told. If you believe the Wall postings there, the last Lockdown was four years ago before this current one.

    Read more at techcrunch.com
     

    Does Zuckerberg plan on Email for FaceBook Too

    This article adds an extra thought to some discussion already here on Amplify. For it's already been announced that FaceBook will be adding Skype to their arsenal. But is FaceBook also planning on adding a true email as well. There are some compelling arguments for them doing that.

    For one thing it would be the last thing that Google has that they don't. With Skype now on board doing voice/phone/SMS in answer to Google's Google Voice that leaves only gmail as a tool Google has that FaceBook doesn't. I would bet that Zuckerberg sees email as the last piece of the puzzle to provide all of Googles services in FaceBook. He's not one to let someone else offer something he doesn't!

    So I think it will happen.

    What do any of you think of the idea of FaceBook email and if it will happen?

    Amplify’d from www.marketingvox.com

    What If Facebook Is Rolling Out an Email System?

    Facebook is making an announcement on Wednesday that is widely assumed to be about its mobile strategy: either it will roll out a mobile phone or announce a deep integration with a service provider such as Skype. So says conventional wisdom. There are also a number of other theories about what it may unveil, ranging from more donations to charity to a Places platform to - yes - a Facebook email system.

    Earlier this year, news broke about an email system, codenamed Project Titan, that Facebook was developing. According to various accounts, it was described as an actual mail system compliant with POP3/IMAP and SMTP. Users would receive a @facebook.com address.

    Given Facebook's size - at 500 million and counting - an @facebook.com has the potential to devastate email marketing campaigns, Blue Sky Factory wrote when details about Project Titan first came to light.  "Deliverability will go out the window. Open rates will drop to near zero. Your email won't even get to users, much less get read." In short, it will be the first mass-user email platform that is whitelist-based, Blue Sky Factory said.

    Read more at www.marketingvox.com
     

    Monday, October 04, 2010

    Interesting to note that this month has 5 Fridays, 5 Saturdays, and 5 Sundays so looks like we get some extra time off this month http://amplify.com/u/bq7q

    The little things in life and what Googles new compression program really means

    In an interesting development Google announced a new image compression standard. That on first blush seems to be well outside of what they do in web development, search, and advertising. And almost immediately several tekkies, writers, and general computer 'experts' were heard to question what if anything this development means.

    A good example is the attached article from Zdnet by Garett Rogers in which he basically says "Hey what's the big deal". Well what Garett and the other others fail to take into account is just how much a lot of "little" things add up too.

    For while it doesn't seem that reducing the size of images would make more than a small impact on the performance of the web that is far from the truth. With only a moment spent looking at the larger picture we can see just how important even little things can be.

    For by compressing an image size by only 3% more than the other standards used today you will see that a file now in the range of 100k will suddenly be in the range of 97k. No big deal by it's self. But multiply that savings in file size by the millions of images beings downloaded and it starts to add up. If 1 thousand people download that same file you now save 30k, a million 300k, and so on.

    Then you have all the work that a Google, Yahoo, FaceBook, Twitter, Flicker, and of course Amplify have to go through to SAVE these pictures. That work and the resulting space it takes up doesn't come cheap. You're looking at computers and computing cycles to process it, data base programs to manage it, and finally hard drives to store it.

    A change like this while small for each transaction makes for savings all along the spectrum of online computing. From how fast your little website loads to how many trillion terabytes of pictures may be stored in the millions of data warehouses out there on line are all effected.

    So as in many things it's important to look at the broader picture. For today many of the most important changes and developments we are going to need to take to heart and practice will be like this one. Often we have micro analyzed things in this country thus seeing only a part of the much larger picture.

    What effect could one light left on, one aluminum can or plastic bottle recycled, or one slightly smaller image file have on the whole of the world?

    Well as this example shows the law of geometric progressions does make little things like this add up. Whole empires have been brought down for, as the poem said, "the want of a nail" and the horse it cost the battle.

    So while image compression is a geeky problem that on the surface doesn't seem to have much meaning for anyone but the nerdiest of the nerds it goes to show the importance of little things in life. For not only in computers but in most things in life it's those over looked "little things" that can mean all the difference.

    So one bottle or can recycled, one kind word or smile exchanged with a stranger, or a loving word with a kiss and a flower for someone special, are all part of the "little things" in life that taken together make a tremendous difference.

    Amplify’d from www.zdnet.com


    In their latest attempt to make the web even faster, Google has devised their own image format to rival JPEG. Since forever, JPEG has been doing a great job of compressing photographic images — it doesn’t support transparency, like other formats, but it does what it was meant to do very well.


    Google has determined that JPEG isn’t the best format for that anymore. WebP is a new compression that achieves an impressive average 30% reduction in file size for images. Google will be proposing an update for WebKit that will make viewing those images in a browser actually possible.


    Now, I’m not complaining here — anything to make the web faster is good in my books — but I have a question. Why are we worried about fractionally speeding up the web when we live in a broadband world that’s just getting faster and faster anyway? The web is speeding up far more quickly from just network speeds improving than tweaking compression on files that are usually only used to show photographs online.


    Sure, Sites like Flickr might see notable speedups — with each page showing several jpeg images typically — but most webpages largely use png or gif images (when you can’t do something in CSS).


    I’ll stop whining now. WebP is still cool, and like I said before, anything to make the web faster is good in my books.

    WebP: Google's new attempt at speeding up the web

    Read more at www.zdnet.com
     

    This Year IRS Audits Will be on the Rise

    With all the tax changes and a federal budget deficit estimated at $1.6 trillion the Internal Revenue Service is pushing and gearing up to audit more returns. The focus will be especially strong on Schedule C fillers but will also affect Corporations and Partnerships.

    Taken with the fact that the IRS is also training agents to work with QuickBooks and expects to begin to request QuickBook files as part of the audit process this could be a very tough year for the self employed or small business owner.

    So a word to the wise! Be sure that your QuickBooks files and your receipts are in order. This has always been something that should be happening but for now and the foreseeable future it's of even greater importance than in the past.

    Taking all of this into account this just may be the year that you want to get someone experienced in accounting and using QuickBooks to look over your books. The last thing you need is to have problems with the IRS and with their increased scrutiny that is a definite possibility. And sadly I find that most of the clients I have that use QuickBooks and are not having them reviewed are making mistakes that would put them in violation of several general accounting rules.

    Remember having good books isn't just about ending up with the right total expenses and income for the year. It's also about records that meet the required rules and structured such that they are a business planning tool. Any good accountant, skilled tax preparer, or CPA trained in QuickBooks will save you far more than such a review would cost and just the peace of mind is worth a lot.

    And with the advent of the internet, conference calls, and all the rest of the tools out there it's easier than ever to have your files checked, your questions answered, and your general procedures improved to increase your productivity. I know that I now manage books and file returns in over 11 states so it’s not even required that you’re located near your accountant or tax adviser. What’s important is that you find someone you feel you can truly communicate with and who will communicate with you.

    So give some thought to making this the year that you’re sure what you are doing with your books is correct and that you would feel ready for an audit if one were to occur.

    Saturday, September 25, 2010

    Congress Needs to Address Tax Issues Now not Later

    At a time when we face unprecedented problems with the economy and it's management in this country Congress must, if they are to face up to their obligations, address the issue of taxes and tax reductions. It's time now, not after the elections, for legislators to decide if tax reductions will be extended and to finish up the numerous bills that are lying in limbo due to the gridlock that has prevailed during this legislative session.

    As a tax professional it always disturbs me every year to watch the circus that tax legislation has become in the Senate and Congress. The far reaching effects and the cost of uncertainty that takes place each year are a hidden drag on our economy and they rise to the level of a national threat to our economic survival in these perilous times.

    And while this problem has been ongoing for several years this year provides the "perfect storm" those of us in the accounting industry have feared for some time.

    We face the convergence of what is still, in real terms, a depression in most sectors of the economy and a growth in regulation of unimagined proportions. With reams of new regulations and hundreds if not thousands of new regulators added to a system already out of control it will be impossible to escape the damage done to businesses both big and small.

    When you take away the ability for businesses and individuals to plan in an orderly way for investments and equipment purchases as well as confuse the important issues of business succession and estate planning you produce a business climate that is hamstrung by indecision and over run with a mountain of costly paperwork.

    Just addressing the new requirements for businesses to issue 1099's to their local Wal-Mart, Office Depot, BestBuy, and most of the other businesses they deal with, will increase costs and produce a definite drag on productivity while providing no real benefits to anyone.

    Now throw in the big issues, like health care reform, and a banking industry that is failing to provide business funding and you quickly see a system that will be pushed to the limit to handle everything and survive.

    So it's time we tell our legislators that we want something done and done now not later.

    In a land founded by brave men and women who placed their honor, their fortunes, and even their lives at risk it is a national disgrace to be run by the cowards now taking up space in Washington.

    Wednesday, August 18, 2010

    A Sign by the Side of the Road

    In 1925 Allan Odell convinced his father Clinton Odell that by using small signs along the roadways of America they could promote their shaving cream company, Burma-Shave.

    Thus from that simple beginning was born, what could conceivably be called, the first social media advertising campaign. And while there was no internet, no TV, nor even cell phones used to promote this campaign it will forever be remembered as one of the most unique, original, advertising campaigns ever seen.

    For amazingly as the world watched this simple idea, started for $200 dollars, turned Burma-Shave into one of the largest shaving cream companies in the United States at that time.

    And with over 7,000 Burma-Shave signs at its height no American could travel for any distance without seeing the fruits of Allan and his brother Leonard’s work. Thus throughout the depression and into the early 1960’s Burma-Shave continued to bring joy and anticipation to a whole generation of travelers on the byways and highway of this country. And, of course, along the way they made Burma-Shave a house hold word.

    What does this teach us today about advertising? Are there lessons can we gather from this simple yet powerful idea that still apply?

    I think so!

    The first of which is that advertising is at its best when it’s simple. For just as Burma-Shave could with 5 little signs (containing nowhere near twitters 140 character limit) catch the imagination and attention of Americas traveling public we can do the same today.

    And second, an advertising campaign to grow and achieve success, must bring some measure of worth to those involved. It can be anything from the simple entertainment of a Burma-Shave sign to the joy we experienced with the old Kodak picture ads. But somehow it must touch the people watching in a way that moves them and holds their attention long enough to deliver its message.

    We just have to choose our words wisely, keep our message simple, and bring value to the people who we present our message too. If we remember to do that the wonder of the Burma-Shave signs, and what they taught us, will live on.

    You can see many of the old Burma-Shave sign ads here at: Burma-Shave Slogans

    Thursday, August 12, 2010

    Dear IRS

    I received this letter and just had to share it with you all. I'm not sure but I may have a few of these things laying around lose to use to pay my taxes.

    Frank

    Dear IRS,
    Enclosed is my 2009 tax return showing that I owe $3,407.00 in taxes.Please note the attached article from USA Today, wherein you will see that the Pentagon is paying $171.50 for hammers and NASA has paid $600.00 for a toilet seat.

    I am enclosing four toilet seats (value $2400) and six hammers (value $1029),bringing my total remitted to $3429.00. Please apply the overpayment of $22.00 to the "Presidential Election Fund," as noted on my return. You can do this inexpensively by sending them one 1.5" Phillips Head screw (article from USA Today detailing how HUD pays $22.00 each for 1.5" Phillips Head Screws is enclosed for your convenience.)

    It has been a pleasure to pay my tax bill this year, and I look forward to paying it again next year.

    Sincerely,
    A Satisfied Taxpayer

    Tuesday, August 10, 2010

    A Little Humor for the Day

    Humor always makes the day seem to go a little better and a laugh will bring sunshine to an other wise dreary day. So enjoy!

    During a recent visit to my doctor, I asked him, "How do you determine whether or not an older person should be put in an old age home?"

    "Well," he said, "we fill up a bathtub, then we offer a teaspoon, a teacup and a bucket to the person and ask them to empty the bathtub."

    "Oh, I understand," I said. "A normal person would use the bucket because it is bigger than the spoon or the teacup."

    "No" he said. "A normal person would pull the plug. Do you want a bed near the window?"

    SO DO YOU WANT THE BED NEXT TO MINE OR THE ONE DOWN THE HALL BY THE WINDOW?

    Thursday, August 05, 2010

    My Thoughts on America Today

    At a time when we face so many decisive issues in this country I feel I must say that I think it's time for those of us traditional, patriotic, God fearing Christians to step forward and take a stand.

    For soon it seems we Christian patriots will be in short supply if some have their way. As we now live in a time when the president doesn't solute or ware the flag. A time when we are asked to cease our prayers to the God of our forefathers. And we are being told we should apologize for who we are and what we've done.

    Well I as a Christian and a patriot feel I must step forward and say, "Enough!".

    I love my country, respect it's flag, pray to a Christian God, and make no apologies for it. To those who respect my right to do so I respect them and I'm willing to be tolerant of their beliefs.

    However to those who don't, stand aside, as I do not intend to be anything but a patriotic Christian American. And when your beliefs, thoughts, and actions attempt to prevent me from this freedom of expression that is my right as an American you will find that I will fight you for that right with all the might my God will grant me.

    So for those of you who understand please join me,

    I PLEDGE ALLEGIANCE TO THE FLAG OF THE UNITED STATES OF AMERICA AND TO THE REPUBLIC FOR WHICH IT STANDS, ONE NATION UNDER GOD, INDIVISIBLE, WITH LIBERTY AND JUSTICE FOR ALL. (I grew up saying this every morning in school - it's a shame we no longer do that for fear of offending someone).

    So God bless us all as we need his strength and understanding to make America once again a country that honers it's Christian heritage and practices the patriotism that built America.

    And take a moment to listen to these classic Americans tell you why they love America and what it means to them and let their words bring a tear to your eyes and a longing in your heart for the Christian America so many fought and died to provide us.

    Red Skelton's The Pledge of Allegiance

    John Wayne The Pledge of Allegiance

    John Wayne America Why I Love Her

    Johnny Cash Ragged Old Flag

    Tuesday, August 03, 2010

    Bankrate.com A Great Online Resource

    One of the handiest sites on the web is found here at Bankrate.com.

    This site provides a world of consumer information as well as allowing you to search for bank, mortgage, loan, & investment products and services.

    What rate is highest on money markets?
    Who offers the best mortgage rate?
    Where can I get the best auto loan?

    All of this and more can be researched and found right at your finger tips in only minutes not hours or days. So if you’ve never checked out this site you really should as it can make a huge difference in your financial future to be fully informed before making any important financial decisions.

    A great place to start is here http://www.bankrate.com/funnel/checking-account/ where you can do a search for information on what bank offers the best checking or savings account in your area based on several criteria. You might be surprised at what other banks are offering. And while changing banks is a major decision knowing just what choices you have might just make it worthwhile.

    It is just such information that can make your important financial decisions both easier and better.

    So check out Bankrate.com and you’ll be surprised by what you can find in the way of good free financial information. And as always treat this information as a part of what you need to base your decisions on but never rely on only one site or source for financial information.

    As a point of information I have neither an interest in nor do I receive any commissions, fees, or other remuneration from Bankrate.com. And as always this information is offered only as advice in general and not as an endorsement of Bankrate.com, it’s information as provided, nor the advisability of making any major financial decision without the proper guidance of a professional adviser knowledgeable in your particular needs and situation.

    Sunday, July 25, 2010

    Saving On Air Conditioning During this Heat Wave

    With the record heat covering the country right now it's important for people to think about how to efficiently and effectively use their air conditioning. By simply using your air conditioning properly you reduce what is, for many of us, one of our largest house hold summer expenses.

    Even better is that it's good for the environment and it takes some of the burden off of our overloaded electrical grid. For it is these peak times of electrical usage in the summer, as we all seek some relief from the sweltering heat, that the electric companies and their aging power grids face a crisis in delivery. This it no better shown than in the many areas that have constant black out or brown out problems during these seasonal heat waves every year.

    So keeping that in mind I ask you all to do two things.

    First check with your electric provider and see if they have any programs such as we have here in Kansas to help. In Wichita and many other parts of the state serviced by Westar Energy they will come in and install FREE electronic thermostats that greatly reduce cost since these state of the art units allow them to control the cycling of a home owners unit. Just being able to not have every unit in an area come on at the same time prevents spikes in electrical usage that benefit us all.

    Better still they will promise to reduce your electric bills by 20%. Which from my own personal experience has happened. That's a win-win situation if there ever was one. (Kansas residents you can read about the WattSaver program here on Westar's website.)

    And Second take some time to really study up on just what are good air conditioning practices. So may false ideas and misconceptions are out there that no one article can address them all. But by simply doing some on line research you can find lots of information that will help you to be a better more aware electrical consumer and stay cool in the process.

    A good article to start with is one that is on Yahoo right now about air conditioning myths. You might be surprised at some of the things you believe that simply aren't true.

    So start with this article Five air-conditioning Myths.

    And PLEASE remember to be careful in this heat and be sure to check up on those neighbors, family, and friends you know that might be at risk due to age, health, or economic hardship. No one should die from the summer heat but every year many do.

    In fact this article came about after I learned of a friend who just this last Thursday lost their mother due to the heat. She had apparently been trying to save money and not running her air conditioning during the day. That mistake cost her life. And it will forever haunt her children who by not checking on her feel they allowed it to happen. Go with Gods' grace Edna Brown you will be missed by many!

    Saturday, July 24, 2010

    What Plastic Bottles are Safe from Leaching Chemicals

    With all the rumors and confusing information you hear about plastic bottles today (especially plastic water bottles) what are the facts and are any of them safe.

    Well fortunately a great article on the subject can be found at Trusted MD a site that is respected and contains information that is known to be from reliable sources.

    And while I think you should really read the whole article the basics of what was conveyed were as follows;

    ....Excerpt....

    To be certain that you are choosing a bottle that does not leach, check the recycling symbol on your bottle. If it is a #2 HDPE (high density polyethylene), or a #4 LDPE (low density polyethylene), or a #5 PP (polypropylene), your bottle is fine. The type of plastic bottle in which water is usually sold is usually a #1, and is only recommended for one time use. Do not refill it. Better to use a reusable water bottle, and fill it with your own filtered water from home and keep these single-use bottles out of the landfill.

    ........

    It then goes on to discusses those bright Lexan plastic water bottles with the following information and warnings;

    ....Excerpt....

    Unfortunately, those fabulous colourful hard plastic lexan bottles made with polycarbonate plastics and identified by the #7 recycling symbol, may leach BPA. Bisphenol A is a xenoestrogen, a known endocrine disruptor, meaning it disturbs the hormonal messaging in our bodies. Synthetic xenoestrogens are linked to breast cancer and uterine cancer in women, decreased testosterone levels in men, and are particularly devastating to babies and young children.

    ........

    And then discusses plastic baby bottles with the following information and warnings;

    ....Excerpt....

    Unfortunately, most plastic baby bottles and drinking cups are made with plastics containing Bisphenol A. In 2006 Europe banned all products made for children under age 3 containing BPA, and as of Dec. 2006 the city of San Franscisco followed suit. In March 2007 a billion-dollar class action suit was commenced against Gerber, Playtex, Evenflo, Avent, and Dr. Brown's in Los Angeles superior court for harm done to babies caused by drinking out of baby bottles and sippy cups containing BPA. So, to be certain that your baby is not exposed, use glass bottles.

    ........

    So there you have it on this whole plastic bottle issue. I do think that it's terribly wrong that this danger isn't being resolved nor addressed by our Food and Drug Administration. We should be protected from such plastics and they should not be allowed to be used in food containers nor be allowed to come into contact with foods.

    But the current FDA is more interested in allowing the plastics industries to continue unabated while Europe has taken strong measures outlawing all of the plastics in question.

    The full article can be found here: Which plastic water bottles don't leach chemicals? | Trusted.MD Network

    Tuesday, July 20, 2010

    To Those Living and Suffering On the Gulf Coast

    To those who are now going through the horror of the Oil in the Gulf and all it means to a way of life that may be lost forever I would like to reprint a poem I wrote after Hurricane Katrina as it also applies to the suffering and pain being experienced again in the Gulf.

    So while no words can take away your pain or bring back either your your property or your way of life may God help you to continue to rebuild both.

    One Man's Prayers and Tears

    If one man's prayers could heal your lives,
    You would be healed. As I pray for you now.

    If one man's tears could wash away your pain,
    Your pain would be gone. As I cry for you now.

    If one man's hope could lift you up.
    You would be lifted above the devastation. As I hope for you now.

    But only God and faith can see you through this time of trouble.
    He is with you now through all our prayer and He will heal you.

    His tears he sheds for you will wash away your pain.

    He will lift you up and carry you and all will be made whole again.

    Dedicated originally to victims of Katrina (and now to victims of the Gulf Oil crises)
    By Frank Woodman Jr (9/2/2005)

    Wednesday, July 14, 2010

    941 Pitfalls Await Employers This Year

    Well here it is again time for the 2nd quarter 941 to be completed and filed for 2010. And while 941’s are notorious for being hard to file even for those who have filed them in the past this year’s 941’s are especially tricky.

    This is due to the added new problems and possible errors created by the Hiring Incentives to Restore Employment Act (HIRE) passed as part of the stimulus package earlier this year.

    Under the provisions contained in HIRE employers hiring new employees after February 3rd of this year no longer have to pay the employers portion of Social Security due on the wages of these new employees.

    Employers figure the total Social Security and Medicare due on all employees’ wages and then claim “forgiveness” for their portion of the Social Security due on new employees qualifying under HIRE. And while that sounds simple enough the IRS reports that they are seeing a large increase in the number of mistakes being made. These mistakes range from putting the forgiveness amount on the wrong line to claiming the credit for non qualified employees.

    Due to these problems the IRS is increasing audits of 941’s and more closely examining all 941’s received. They will also be doing compliance audits to insure that employers haven’t fired employees just to replace them with new workers to claim the HIRE credit.

    So a word to the wise take great care with your 941’s this year and expect possible fees or fines for mistakes that would have been waived in the past to be enforced.

    Also be very sure that you claim only one credit for each new hire. Often the IRS is finding that employers are also claiming the Work Opportunity Tax Credit (WOTC) as well as the HIRE credit on the same employees. You can only claim one or the other not both.

    Usually the HIRE credit will be the one to take since it has simpler qualifying rules, is much easier to figure, and usually results in the largest credit. But in some cases the WOTC will result in a larger credit and will therefore be the one to use.

    Just be sure you understand the qualifications for the WOTC credit are more restrictive than for the HIRE payroll forgiveness credit. The WOTC rewards keeping a qualified new hire employed for 52 weeks. The max credit is the lesser of $1000 per employee or 6.2% of the wages they earned during those 52 weeks. You can take the HIRE payroll forgiveness or the WOTC but not both for the same employee.

    If you have taken the HIRE payroll forgiveness and then realize that the WOTC would have been a better credit for any employee, you can amend your 941’s with the new 941X to make the adjustment.

    You can get more information and details about these credits and the qualifying rules here on the IRS web sites HIRE information page.

    Wednesday, July 07, 2010

    Todays Food for Thought

    "Evangelism is selling a dream." - Guy Kawasaki

    "No wild enthusiast could rest, till half the world like him was possessed." - William Cowper

    "Opposition always inflames the enthusiast, never converts him." - Friedrich Schiller

    Microsoft Offers BizSpark Program for Start-Ups

    Have a new business and need software development tools. Well consider taking advantage of Microsoft’s BizSpark program for new start-up companies. They will give you full featured Microsoft development tools, licenses for server products, and other useful tools and software to use for three years at no cost. Yes free! All you need is to have is a new and innovative business idea you are bring to market.

    Microsoft describes the qualifications as follows:

    "Most privately held software development start-ups in business for less than three years who generate annual revenue under USD $1 million can join. Enrollment carries no up-front costs. Just pay a USD $100 fee at program exit."

    You can find out the full details and what you need to do to sign up for BizSpark here: BizSpark

    So check it out you don’t have anything to lose and it may be your ticket to making that dream come true.

    Tuesday, July 06, 2010

    Wi-Fi Hot Spots and Security Risks Go Hand in Hand

    Recently I had a client contact me wanting my help in resolving some identity theft problems and the resulting losses his business had incurred. It seems that two of his bank accounts had been accessed and over $30,000 was taken through fraudulent transfers.

    Of course he was surprised when he contacted his bank and found that the bank would make good on none of the losses. It seemed that my constant reminding him that commercial accounts don't receive the same protection that private accounts do had fallen on deaf ears. (That will be the topic of another article.)

    But as expected he was really mad and was just certain that he knew the person responsible for the theft and wanted me to help him prove it.

    It seems that he had recently fired a young man that had been with his company for about two years and this young man had be involved in both handling tech and maintenance on his computers. So this young man would have had the knowledge and the ability to access the bank accounts in question and he felt he must be the one who had done the crime.

    As in most cases of forensic accounting and security investigation a good rule is to never jump to conclusions. Far to often it's not the one we suspect that is the guilty party.

    So the first thing that I did was to look at the records and then begin to study the security and protection in place for the companies computers. Of course what I found was both a surprise and an embarrassment to my client.

    For the truth of the matter was that in the end I discovered that both he and his office manager often met at a local club for breakfast and to go over issues that they wished to discuss out side of the office. They just loved this place because, you guessed it, they had Wi-Fi and free Wi-Fi at that.

    Well after some careful investigation it seems that one of the young people that worked at the restaurant in question had left his job. He had left to go back to college in another state. The police are still investigating but it seems almost certain that this young man was the thief. I'm not certain that he will ever be charged (Computer crimes are very often never solved or if solved no one is charged due to their complex nature.) but with everything we know he's the guilty party.

    So what's to be learned from this?

    1. Wi-Fi isn't secure. Everything that you do, send, or have on your computer is at risk while you are on a Wi-Fi network. And that risk extends to paid Wi-Fi as well. The only part of paid Wi-Fi that is encrypted all the way to the ISP is the sign on screen. So while paid Wi-Fi is more available it's not safer. There are a couple of easy answers to this problem. First is to use a VPN secured gateway to access a Wi-Fi network any time you use one. And Second is to go with a wireless ISP, which is much different, over using Wi-Fi. Providers like AT&T, Version, Sprint, T-Mobil, and the other big wireless providers protect your connection and make sure it's private from your computer to their computer.

    2. That not having important data encrypted on your computer means that this data can be accessed by others even when you aren't using it. It seems that up on checking credit cards and other company assets were compromised as well and all were items of information contained on the owners laptop in clearly visible files. So the owners computer had been accessed not just the data that was transmitted over the Wi-Fi network.

    3. That everyone in a company needs to be aware and trained in security issues. Bosses and others at the top are often the worst offenders since they don't usually answer to anyone. That's part of the $30,000 lesson my client learned in this case. He can be a security risk just like everyone else.

    4. That not paying for and implementing security and the proper training of your personal may well be much more expensive in the end. Security is a constantly changing and increasingly important part of your companies operations. It's not something to be left to chance or circumstance.

    So a word to the wise DON'T USE PUBLIC WI-FI WITHOUT VPN PROTECTION and use encryption on files that contain important data or risk losing that data.

    As a point of information the client involved in this issue knows of this article and approved it's content. He allowed it's publication with the hope that it could prevent others from leaning these lessons the hard way as he did.

    Monday, July 05, 2010

    The 10 Commandents and The Work Place

    After careful though I've come to the conclusion that the real reason that we can't have the Ten Commandments posted in a government building is this --you cannot post 'Thou Shalt Not Steal' 'Thou Shalt Not Commit Adultery' and 'Thou Shall Not Lie' in a building full of politicians .... it creates a hostile work environment.

    Sunday, July 04, 2010

    Mad Cow's and Illegial Aliens

    Think about this:

    Is it just me, or does anyone else find it amazing that during the mad cow epidemic our government could track a single cow, born in Canada almost three years ago, right to the stall where she slept in the state of Washington?

    And, they tracked her calves to their stalls and were able to follow them and their offspring.

    But this same government claims they are unable to locate 11 million illegal aliens wandering around our country.

    Maybe we should give each of them a cow.