Author Archives: IFeldman

Buffing Your Business for a Future Sale

    There are in excess of 10,000 people per day turning age 65. It follows that a large percentage of these people are business owners that are starting to have thoughts of selling their business, or transition them to the next generation. Many would-be sellers have put off selling due to the poor economy, […]

The Best Way to File Your Taxes – Jointly or Separately?

Filing Status Implications For married taxpayers, the implications of filing a joint or separate return extend beyond tax rates and the standard deduction. Like many aspects of income taxation, there is usually more than one approach to finding the optimal solution. We have listed some of the more common implications of filing either a joint […]

Home Sale Gain Exclusion Restrictions for Second Homes

Many taxpayers bought a second home, such as a vacation home, with the intention of later converting the second home into their principal residence. Under pre-2008 Housing Act law, those taxpayers could have excluded up to $250,000 ($500,000 for certain joint filers) upon a later sale of that former vacation home as long as the […]

Managing Your Nonprofit Like a Business – Part II

The Mission Statement The Community Benefit Organization’s sole purpose is to have a societal or individual impact. A well thought out mission statement should be a motivating factor that will encourage: Donors or Grantors to contribute financial resources. Prompt prospective volunteers to give of their time and effort. Engender a sense of organizational identity and […]

Managing Your Nonprofit Like a Business – Part 1

This will be the first in a series of posts on operating a nonprofit organization like a business. We will try to dispel some of the common misconceptions related to nonprofit organizations that have taken root in the public consciousness. Recently, I had the pleasure of attending a lecture by former President Bill Clinton in […]

So You Want to Start a Non-Profit

The conversation usually starts like this with a client saying, “I want to start a nonprofit.” That’s the beginning of a process of asking yourself, “What is the mission that I’m trying to accomplish and who benefits?” In fact, the very term Nonprofit is falling into disfavor because of the misconception that these organizations are […]

How Selling Your Business Isn’t Like Selling Your House: 3 Prep Items that Will Help to Get You the Best Price

The only way that selling your business is like selling your house is the actual decision to do so. Selling your business for the best possible price takes some homework that is worth every minute you put into it. Here are the first three things to do before considering selling your business: Think five years […]

How to Think Like an Entrepreneur…for Non-Profits

  Non Profits have taken an enormous economic hit over the last few years.  It was looming on the horizon for many years but easy to ignore with an economy that was roaring.  The donor pool has shrunk while foundations have increased pressure to make up for the loss. The situation demands thinking that diverges […]

Are You in Sync?

Are you in Sync? Have you noticed? Our world is going mobile. If you’re in business, you may have developed dependency on your smart phone. We thought it might be helpful to list some of the apps that have gotten great reviews and will help streamline and improve your business functions. Here’s our top  list: […]

A Visual Teaching Tool about Credit Card Debt

Credit Card Debt Explained with a Glass of Water   If you’ve wondered how much you are losing by not paying the full amount to your credit card company, wonder no more. This video is a great teaching tool for both thinking about debt differently as well as teaching your children the reality of using […]