February 14, 2017
Dear Dan, Come on, man, be honest with us! You’ve said price shoppers are not a big segment of the market, yet every day or so I get a call asking, “How much is a cremation?” How is it that I am getting these calls and you keep saying, “It’s no big deal”? Signed, Be Honest Dear Be Honest, You are sitting in the front row of the Shamu splash zone and I’m in the arena telling you that only 10 percent of the attendees are getting wet. Which of us is right? Allow me to address this analytically, historically and with an eye to the present and future. In order to do your question justice, let us establish that there are three levels of price consumers: Price sensitive. Price sensitive means someone is aware of price and uses it […]
January 27, 2017
As Director of Accounting Services at The Foresight Companies, I’m reminding you that your 1099’s are due on Tuesday, January 31st. It’s January and many business owners are using this month to try and forget that taxes will need to be done soon. But as you immerse yourself in denial, have you forgotten that 1099’s have to be issued? 1099’s are like the neglected middle child of taxes. People have some vague idea that they exist but they aren’t sure what needs to be done for them. Let’s go through the Who, What, When, Where and Why of 1099’s. 1. Who has to file 1099’s? All businesses that pay for services to unincorporated service providers must provide a 1099 to vendors that were paid more than $600 during the year. 2. What are the requirements for 1099’s? There is […]