New Mint.com iPad app

I love my iPad, and I was thrilled to see that Mint.com has finally released a Universal App suitable for it. I regularly use Mint.com to track my personal finance, and I especially like that it is free, and that it requires very little effort.  Mint.com will automatically classify your income and expense items for […]
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Managing priorities

Running any business requires multi-tasking using a ridiculously wide range of skills.  How do you keep track of it all?  How do you know what’s most important, and how can you focus on what’s most important? In his landmark book 7 Habits of Highly Successful People, Stephen Covey explains that we need to separate the […]
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The IRS can call your money-losing business a hobby – and take away your deductions!

If your business has been losing a lot of money for a long time, the IRS could call it a hobby and stop you from deducting your losses. Key to avoiding the “hobby” status is that your business earns a profit in three out of the last five years, including the most recent year.  Here […]
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Should you incorporate?

If you don’t like getting sued, incorporation can save you a great deal of aggravation. First of all, let me say that I’m not a lawyer, I don’t pretend to be a lawyer, and I have no intention of becoming a lawyer (much to the disappointment of my mother).  And “a fool is his own […]
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Quick, cheap, and easy bookkeeping

This simple spreadsheet in Google Docs allows you to easily and quickly keep the books for a simple business. Simple Instructions1. In the Simple Accounts page, enter your beginning bank balance in the “Cash” column under “Opening Balance.” For each transaction:2. Enter the date under the “Date” column. 3. Enter a description in the “Description” […]
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