A couple of weekends ago I had the pleasure of heading down to the Farmer’s Market on Market Square in downtown Knoxville. It’s been awhile since I’ve been and it really seemed much larger than I remembered. There are definitely more stands of all kinds to visit and now there are FOOD TRUCKS!
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When I had my first child, I had been in my position with Lawhorn CPA Group, Inc. for about two years. I was inclined to stay at home with my daughter, but didn’t really want to quit work all together. After all, I love what I do.
I was given permission to work from home three days a week. I loved it! I could throw a load of laundry in or sometimes finish my day early, leaving time to spend with my husband and daughter. I had those three days a week with minimal interruptions. When I say minimal, I mean minimal. The only time my precious baby cried out was when it was feeding time. I loved spending those first months at home with her, and feeling complete in my career at the same time. I saved time and money because I didn’t have any kind of commute. I had an office set up in our home, complete with a desktop computer and my cell phone. That is all it took. Since we work in a virtual environment, I was able to log in just as I would if I was here at the office.
Time. It’s the one universal thing we all share, no one person gets anymore or any less. Every night at midnight we are given 24 hours, how we treat them is what makes us diverse.
You know the saying “Time is on my side” well for me time is never on my side. I never have enough of it and I usually try to steal it, let me explain. I always set my clocks 10 minutes ahead, same with my alarms. I say alarms because I set one for just about everything. Picking up kids…alarm is set 10 minutes before it should be so I can be extra ready, waking up…same thing, alarm is set with a 10 minute “cushion”. Heck the ring tone for my alarm is the theme song for the 80’s classic Back to the Future, “Back in Time”, by Huey Lewis and the News.
A few years ago, I attended the Winning is Everything conference put on by the Advisory Board in Las Vegas, NV. A fitting place for a conference about winning! There are so many topics to consider when choosing a conference, and I end up attending several a year to stay up with professional trends, pronouncements and the latest in technology for my profession: Accounting, of course. Though truth be told, I don’t consider myself much of an accountant in the traditional sense. Not to worry, I’m not having a crisis of identity. I just believe that there is a better description out there for what I do and what we do as a firm.
We’re going back in time with this one, I’m looking at Super Bowl XLVIII in 2013 between the Denver Broncos and the Seattle Seahawks. The Seahawks came out on top with a whooping 43-8 score. I’m not generally a big sports fan. I don’t keep stats or play on fantasy leagues. But I DO come from a college town–Knoxville, home of the Tennessee Volunteers, and most of Knoxville loves to follow Peyton Manning. I am no exception. When he is on his game, whether you love or hate him, he is unstoppable. There is no denying it. The night of Super Bowl XLVIII he and most of his team were not on their game, or they were thrown off their game, or, even worse, they threw themselves off of their own game.
I’m going to take the middle-of-the-road approach here and say it was a combination of all three. What was interesting to watch, as long as I could bear to watch, was just how quickly the morale and energy left the Broncos. They were so low even Life Alert couldn’t pick them up.
Being from the valley we don’t get much snow each year. The East TN Valley that is… So when we do get some snow, you know like a 1/4 of an inch, just enough to cover the roads everything shuts down. School is out and getting out of the house in inconceivable (think Princess Bride here). We went to the store along with all the rest of Knoxville to get bread, eggs, milk, dog food, and maybe some vanilla flavoring should the snow be big enough and the consistency to make snow cream. Oh, and marshmallow fluff. So there is absolutely no reason to venture out in any kind of motorized vehicle unless it is fun to ride in the snow… For me that’s a sled.
On May 18, 2016, President Obama and Secretary Perez announced the publication of the Department of Labor’s final rule updating the overtime regulations, which will automatically extend overtime pay protections to over 4 million workers within the first year of implementation.
As employers have been scrambling to review job descriptions and salaries before the December 1, 2016 deadline, a US Court judge puts the Department of Labor’s rules on hold. A group of states filed a lawsuit stating that the Department of labor’s OT rule overstepped the government’s authority.
I’ve heard this phrase many times over the years: “All growth starts with the truth.” It is such a simple concept. Be honest about where you and your business really are, and decisions can be made that truly make a difference. Whether those decisions ease a pain or propel you to the next level, if you aren’t really honest with yourself, or your team, about where you really are right now in reality, then any change instituted may not have the intended impact. And, in fact, could have negative repercussions for you or your business.
Especially where you have a multiple owner scenario or an entrenched management team, the truth is sometimes hard to come by. Why? Well, there are always egos that have to be checked, but beyond that it comes down to perception vs. reality. Each person’s perception is their own reality, and many times those perceptions do not align. So, it takes some real digging to get perceptions aligned to what the real reality is.
When a business pays non–employee compensation aggregating to $600 or more to a single payee in a tax year, the business must file a Form 1099-MISC to report the payments to the IRS. Similarly, employers must report wages paid to employees on Forms W-2. Copies of these forms (called payee statements) must also be supplied to payment recipients.
Before a law passed last year, Forms 1099-MISC and W-2 were required to be filed with the IRS and the Social Security Administration (SSA) by the last day of February or by March 31 if filed electronically. Now, the due dates have been accelerated.
All that we have done, are doing, or will do, is based upon 1 common element. PEOPLE!
Our business, your business, me, you, us, our team, all represent our “Internal people.”
WE ARE our Human Resources. We are HUMAN CAPITAL to one another.
Those we serve – our clients, networking partners, government agencies, our community – they represent our “external people”: Our market, our partners in service, our friends, our family. All of these are also our HUMAN CAPITAL. Of course, external people are also made up of competitors; some people who may challenge our existence, or wish to harm us. So, just as there is risk in monetary investing, there is risk in “raising and utilizing” our Human Capital.