Can’t get hired?

So, I’m watching this movie titled “Second Act” which stars Jennifer Lopez as the character Maya Vargas, a supermarket assistant manager who wants a promotion after 15 years of using her skills which led the company into having increased sales and rising revenue with her amazing marketing strategies.    After losing the promotion to a “college-educated” candidate, Mya becomes upset and frustrated and decided to quit her job leaving the company in a bind.  She went on to further prove that “street smarts” are just as valuable as “book smarts.”

What’s the moral of the story?  Well, what I got from it while having a somewhat similar experience minus the horrible boss and wanting a promotion. It was more at trying to find an employer who would accept my experience and certifications and licenses that most college graduates had not obtained. But because they got their book experience from a reputable college/university, it was much easier for them to get their foot in the door.

“I wish we lived in a world where street smart equals book smart.”

At the end of the movie, Maya Vargas ends up proving that you don’t need someone else to acknowledge your skills if you believe in yourself.  So what did she do?  She started her own company in which she partners with other supermarkets, yes including the one who didn’t believe in her ideas.

As I mentioned previously, there are similarities in Maya’s and my story, and it’s that we both started businesses that cater to our expertise.

So remember this, believe in yourself and have the courage to create your own space.

Meals and Entertainment Changes Under the Tax Cuts and Jobs Act

office holiday party

OH NO! Are the HOLIDAY PARTIES still DEDUCTIBLE?
In general, the new Tax Act provides for stricter limits on the deductibility of business meals and entertainment expenses. Under the Act entertainment expenses incurred or paid after December 31, 2017 are nondeductible unless they fall under the specific exceptions in Code Section 274(e).  One of those exceptions is for “expenses for recreation, social, or similar activities primarily for the benefit of the taxpayer’s employees, other than highly compensated employees”  (i.e. office holiday parties are still deductible).

Business meals provided for the convenience of the employer are now only 50% deductible whereas before the Act they were fully deductible. Barring further action by Congress those meals will be nondeductible after 2025.


Businesses should keep the new rules in mind as they plan their 2018 meals and entertainment budgets. 

2018 Expenses – New Rules

  • Office Holiday Parties – 100% deductible
  • Entertaining Clients – Meals 50% deductible / No deduction for entertainment expenses
  • Employee Travel Meals – 50% deductible
  • Meals Provided for Convenience of Employer – 50% deductible (nondeductible after 2025)

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What Do You Do? I Sell Time…

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the-two-most-powerful-warriors-are-patience-and-time-quote-patience-quotes-for-you-580x580I Had an “Aha!” Moment.

As always I was watching an “Informational” video, and on this particular day it was a Gary Vaynerchuck video where he was at a college speaking on entrepreneurship.  Now if you don’t know who Gary is you may want to Google him he’s very unintentionally motivational.  Anyway, he had stated that you cannot teach someone how to be an entrepreneur, which I agree 100%.  You either are, or you’re not.  I would like to consider myself an entrepreneur because the thought of only working for someone else drives me insane.  As he was speaking he said something very interesting which was…”The #1 Asset to everybody in the world is TIME.” I had an “AHA” moment, because after he said that he went on to saying, “if you can figure out how to sell it and buy it back that’s a big coo.”  Now if you don’t know already I have a business where I do Bookkeeping, Taxes, Payroll, Business Formation, IRS resolutions and some additional “business related” stuff.  The one thing that I’ve always dreaded about going to conferences and networking events are the people who walk over to me and ask  “What do you do?”  Thinking to myself, should I tell them EVERYTHING that I do or just mention some or one thing that I do.  So I end up just telling them, “I do taxes and bookkeeping.” And their response is usually “Oh, ok that’s great.”

Now, with Gary V saying what he said about time, reminded me of a TED talk that I watched a while back featuring Simon Sinek who spoke on somewhat the same lines.  His thing was people don’t buy What you do they buy Why you do it. This was the one thing I have always struggled with because I didn’t want to sound like everybody else…At first, I had always thought my WHY to WHAT I DO was to make people’s lives a little less complicated, but at that “AHA” moment I tapped into the #1 Asset that everybody in the world was wanting according to Millionaire Gary V and that was TIME.  I sell TIME.  For example, if you run a business and the majority of your TIME is consumed by doing the bookkeeping, the payroll and the monthly, quarterly and  year-end reports or even worse dealing with those annoying letters coming  from the state and federal agencies because of some discrepancy that was made.  Just think about it, aren’t  you losing time?  Now, wouldn’t it be nice if you could get back that time so you could focus on growing your business or your artistry which will in turn result in increasing your revenue.  As they say, TIME IS MONEY.   So, with all that said, doesn’t  it make sense how providing my professional services can ultimately give a business back its TIME?

Now when I get the opportunity to go to a conference, or a networking event, and I am asked the question, “What do you do?” Guess what my response will be…you got it…I SELL TIME! And instead of them saying the usual “Oh, okay that’s great,” and then walking away. They will be more curious and interested in what I do. Because who doesn’t want their TIME back, even if you have to pay for it.

So, What Do You Do?