A Growth Plan for 2018

December 28, 2017 Scott Sanders
Perhaps that for the last several years your business has drifted along and stayed about the same. You want this year to be different. You are ready to do what it takes to grow your business. In this post I am going to give you a simple framework to develop and implement a growth plan
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How Will the New Tax Law Affect Me?

December 21, 2017 Scott Sanders
Yesterday Congress passed their new income tax law. It will be soon be signed by the President and become law. It is the most major overhaul in the income tax law in over 30 years. There are significant changes that affect every taxpayer. Following are a few highlights of the new law:   The standard
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7 Year End Tips to Grow Your Law Firm

December 7, 2017 Scott Sanders
Take a day for a year-end review. The end of the year is a good time to look back at the past year and make goals for the year ahead. For many law firms, December has a little less work as clients delay seeking legal services around the holidays. Take a day to get away from the
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How Would the New Tax Bill Affect Me?

November 3, 2017 Scott Sanders
Yesterday, the House Republicans released their tax bill, the Tax Cuts and Jobs Act. This tax bill is the centerpiece of their legislative agenda, as well as that of President Trump. This proposal is a starting point. The final bill will likely look different from this initial bill. I will give a summary of the
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How to Build Your Dream Law Firm

August 15, 2017 Scott Sanders
You may have left a larger law firm to start your own law firm or you may have started it straight out of law school. But you have been struggling along the last few years with low pay while working too many hours. You know that you cannot continue like you are and that something
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3 Reasons a Personal Budget Is Vital for Achieving Financial Goals

January 12, 2017 Scott Sanders
If a business owner said to you that they run their business without a budget, what would you think? You’d think they were incompetent. Or perhaps lazy? Or both? But what do most families do? When you think about it, a family is actually a mini business. There is income, there are expenses and there
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Cash Machine: 6 Reasons to Stop Treating Your Business as an ATM

December 13, 2016 Scott Sanders
Think back to the days before you started your business, when you were working for a boss. Chances are you were rewarded for your hard work with a regular salary. It may not have always been the same amount, but it came through like clockwork. And for the next week, month or however often you
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Year-End Tips for You and Your Business

December 7, 2016 Scott Sanders
We are almost to the end of the year. This is a good time for reflection of how the current year has gone and to make plans for the future. Your business may have had unprecedented growth in the last year. Or it may have struggled along like it has the last several years and
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Managing Receipts: 3 Apps to Make Filing Receipts Quick and Easy

November 10, 2016 Scott Sanders
They say only two things are certain in life: death and taxes. For a lot of people, there’s also a third certainty in life: the pain of keeping track of every receipt when it’s time to do the taxes. How many times has your bookkeeper asked you for a receipt (that you swore you stuffed
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Where Did It Go?: Taking the Mystery (and Pain) Out of Managing Your Money

October 11, 2016 Scott Sanders
Most people will quite literally earn millions of dollars in their lifetime. Yet many people struggle financially and live from one pay period to the next. With the aging population and many Baby Boomers now continuing to work—at least on a part-time basis—past the traditional retirement age, people are working more years than ever. Even
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ON versus IN: Why you should work on your business instead of just in it

September 12, 2016 Scott Sanders
“You need to work on your business, not just in your business.” Made popular by The E-Myth Revisited author Michael Gerber, it’s advice I’m sure you’ve heard dozens of times over the years. But despite being told over and over again, many small business owners still don’t seem to truly understand what it means. Let’s
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Why Every Business Needs a CFO (and How Small Businesses Can ‘Rent a Slice’ of one)

August 15, 2016 Scott Sanders
Larger businesses have a Chief Financial Officer (CFO) on staff. But what can small and medium sized businesses do in this regard? Clearly, larger businesses can afford an in-house CFO. But it goes beyond an affordability issue: Large, successful businesses also understand how crucial the CFO role is to their business performance. The CFO in
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The Trap That Can Send Your Highly Profitable Business Broke

July 11, 2016 Scott Sanders
There’s a saying in business, “You can go broke making a profit.” And another, “Cash is king. Profit is theory.”   As you know only too well, you don’t pay rent, meet payroll or pay your bills with profit. You pay them with cash. A business can make a lot of sales, have a book
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Why Modern Business Means Cloud-based Business

June 8, 2016 Scott Sanders
“The cloud” is a phrase that means something very different these days, due to the increasing use of cloud computing. But what exactly is cloud computing? And is it a good option for small businesses? First, a quick definition. Without getting lost in ‘geekspeak’, cloud computing simply means both the software apps you use and
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Spring Money Strategies

April 26, 2016 Scott Sanders
Spring is a time of new beginnings. Most of you have completed your tax returns in which you look back to 2015. Now is the time to look ahead to 2016 and beyond as you seek to grow your business or improve your personal financial outlook. If you have drifted along the last several years,
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Tax Tips for Real Estate Agents

March 15, 2016 Scott Sanders
Real estate agents play a vital role in our economy. For most people, their home is their largest purchase. Real estate agents help people navigate the vital process of buying and selling their homes. Real estate agents are in a commission-based business. Unlike a salaried job, if you don’t sell a house, you don’t get
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A Trip to Camp

February 19, 2016 Scott Sanders
Last fall I had to pleasure to go with my older daughter’s class on a school field trip for three days to an overnight camp. I had not planned to go, but a week before camp they still needed male chaperones. I was able to clear my schedule and go and I am glad that
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A Wonderful Night Out

February 12, 2016 Scott Sanders
With Valentine’s Day coming up I wanted to write about an experience that happened a few months ago. It actually occurred on Shannon’s and my anniversary, but it seems appropriate for the occasion. In our businesses it is important to give excellent customer service, since without customers we don’t have a business. A few months
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Completing the FAFSA

February 3, 2016 Scott Sanders
Paying for college has become a huge burden for many families. For most families with children that go to college, paying for college is their largest expenditure next to buying a house. College graduates earn more and have a lower unemployment rate on average than those without a college degree. But college has become very
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Tax Tips For Direct Sellers

January 28, 2016 Scott Sanders
So many people today are promoting products that they are passionate about through direct selling. They are taking products such as Rodan + Fields, Beach Body, and Advocare that have helped them and that they enjoy and they are sharing them with their friends, family, and others. They are supplementing their income and in some
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Lessons From Fantasy Football

January 19, 2016 Scott Sanders
I have always been a huge football fan, but I primarily follow college football. I watch the NFL, but I don’t follow it as closely as college. This year I had the opportunity to be in an NFL fantasy league (just for fun). I wanted to do my best so I put some effort into
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Do You Hate Tracking Your Mileage?

January 5, 2016 Scott Sanders
I am always looking for ways to improve my life and the lives of my clients. One of the common pain points that I run into with clients is tracking their mileage for business. They hate keeping up with their mileage, but it is something that they need to do. But just estimating an amount
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A Plan to Change Your Life

December 31, 2015 Scott Sanders
As we are coming to the beginning of a new year, it is the time where many people look back at the past year and determine that they want to change some aspects of their lives. Some make New Year’s resolutions to start exercising and get into shape. Some decide to pay off their credit
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Last Minute Tax Saving Tips Before Year-End

December 15, 2015 Scott Sanders
The end of the year is the last chance to take several actions that would reduce your taxes. Below are five tax saving strategies to consider:   Maximize retirement plan contributions In 2015, you can contribute up to $18,000 to a 401(k) account ($24,000 if you are 50 or older). Consider making an additional contribution
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A Stay at the American Girl Hotel

December 8, 2015 Scott Sanders
For our daughters’ birthdays a couple of years ago, my wife and I took them on an overnight family trip to Atlanta to go to the American Girl Store. We also got the American Girl package at the nearby Marriott. They had a great time at the store where they got new dolls, had them
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Small Changes Can Make a Big Difference

December 1, 2015 Scott Sanders
Small changes can make a big improvement in your life or in your business. While sometimes major changes may be warranted, even small changes can make a large cumulative effect over time. If, instead of spending $5 on a cup of coffee on your way to work each morning, you save that money and invest
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Lessons Learned from Taylor Swift

November 23, 2015 Scott Sanders
A couple of months ago my wife and I took our daughters to the Taylor Swift concert in Nashville. They love her music and asked if they could go as soon as the tour was announced. It was their big Christmas present for last year. They had to wait patiently for nine months until the
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Welcome to Sanders Accounting

November 13, 2015 Scott Sanders
Today I am pleased to announce the launch of Sanders Accounting. My vision for this accounting firm is to empower individuals and organizations to change lives – first their own and then those they serve. I want to build a company that goes beyond traditional accounting services and that adds value to people’s lives. You
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