From:                              Pro-Active Tax & Advisory Solutions, LLC <updates@pro-active-cpa.com>

Sent:                               Wednesday, December 07, 2011 6:30 AM

To:                                   Mark Wyssbrod

Subject:                          December Action Steps & Update: Wishing You Peace

 

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                     Proactive Updates

 

Volume 3 | Issue 12

December 2011

 

Calculator

 

Wishing You Peace

Finishing the Year Strong

 

Year End 2011As 2011 winds down, many of you will be thinking, "Thank goodness this year will be over soon!" For some, 2011 was a stressful year due to trying to manage fantastic growth. For others, 2011 was super frustrating as opportunities appeared on the horizon for the first time in years, but with no cash, working capital or equity, these opportunities now seem very distant. Others are facing a tremendous amount of stress due to solid profits, yet still experience poor cash flow due to repaying past due accounts payable and mandatory repayment of other financial debentures.

  

2011 seems to be the year of complete stress and frustration, whether it is due to good or bad reasons! Therefore, in the spirit of the holiday season, I wish you peace for the remainder of the year: peace of mind, peace of body, peace of spirit, and peace and quiet!

 

Action Steps

 

How can you achieve Peace? Peace can be defined as a lack of conflict. To avoid conflict you need to plan and be prepared. A few easy ways you can place the building blocks to move towards achieving peace include the following: 

 

Quiet Time

  • Make it a habit to have a few minutes of quiet time to help you rejuvenate from your day
  • Try to meditate and\or to pray 

Creative Thinking 

  • Do something which makes your brain think differently
    • We get stuck in our habits and schedules; as we repeat the same routine over and over we, think less about what we are doing
    • Encouraging yourself to learn or try something new; when we do this, our brains think differently and are rejuvenated
    • A new way of thinking can lead to new solutions for your life and business
  • Try reading a book on a topic you would not usually read
  • Participate in a new hobby or even try improve 

Review Tends 

  • Review new industry information
    • What's new and what actually works?
  • Review your clients' industry information:
    • What are they facing and what do they need solutions for?

Be Prepared 

  • Being prepared helps reduce stress
  • Have a written business or life plan
  • Review your business model
  • Plan for the unexpected and have contingency plans available
    • Hire a part-time CFO and\or coach to meet and guide you monthly

Although you do not have to do these in order, I have found my quiet time allows me to think creatively, which in turns allows me to review industry trends more openly and ask questions, consequently allowing me to have a plan.  If you need any help achieving peace in your life or business, find someone to help you reach your goal!


Wishes of Peace during your Holiday Season,

 

Mark L. Wyssbrod, CPA

 

 

Deadline Reminder

Important Dates to Remember

Reminder

  • December 31 - S-corporation owners must report health insurance in W-2 for favorable tax treatment
  • December 31 - Deadline to set up SEP, 401(k) and other retirement plans. You may need to fund the plans by this date as well
  • December 31 - Final day to set up a retirement plan for 2011 for small businesses

 

IRS Circular 230 disclosure:  To ensure compliance with requirements imposed by the IRS, we inform you that any U.S. federal tax advice contained in this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any transaction or matter addressed herein

 

In This Issue

Wishing You Peace

Deadline Reminders

Ratio of the Month - Debt Leverage Ratio

 

 

Financial Ratio Of The Month - 

Debt Leverage Ratio

   

This ratio measures a company's ability to repay debt obligations from annualized operating cash flow (EBITDA).

 

= Total Liabilities / EBITDA

  

Generally, the lower the ratio the better!

 

 

Contact Information

 

11770 Haynes Bridge Road

Suite 205

PMB 362

Alpharetta, Georgia 30009

 

phone:

(770) 664-8583

 

fax:

(678) 762-9413

 

www.pro-active-cpa.com

 

 

 

This email was sent to mark@pro-active-cpa.com by updates@pro-active-cpa.com |  

Pro-Active Tax & Advisory Solutions, LLC | 11770 Haynes Bridge Road | Suite 205 PMB 362 | Alpharetta | GA | 30009

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