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How to Move From Call Reluctance to Call Willingness
I have a friend in the insurance industry who accomplished in one year what some of the real stars in his business accomplish in four years. Not long ago I had a discussion with him about sales call reluctance. Now here is a guy who obviously knows how to pick up the phone and make call after call to the same prospect. I asked him, "So Mike, do you ever experience call reluctan

turn for March 1 through December 31.

Maybe that's no big deal. Maybe you enjoy filing one business income tax return so much, filing a second one doesn't bother you. And it may be that the inconvenience of filing two tax returns in 2006 is far outweighed by the legal and tax advantages of incorporating.

Keep in mind, too, that 2006 will be the only year you have to do this "double duty". I

How to Avoid Falling Asleep Behind the Conversational Wheel
Think about the last time you feel asleep behind the wheel. Dangerous, isn’t it? Even if it’s just for a split second, nodding off while driving puts you and the other drivers at risk.But even when you’re not driving, it’s still possible to fall asleep behind the wheel. The conversational wheel, that is…To avoid falling asleep behind the conversational whee

As a sole proprietor, have you considered incorporating your small business or self-employment activity?

If so, maybe you've been wondering, "Does it matter what time of year I form a corporation?"

From a legal standpoint, any time is the best time. The sooner you incorporate, the sooner you make the move from the world of unlimited liability to the world of limited liability.

From a tax savings standpoint, any time is the best time. The sooner you incorporate, the sooner you will start putting more money in your own pocket and less in Uncle Sam's.

But from a **tax reporting** standpoint, there is one time of year that stands out as best: January 1st.

Why is that?

Assuming you have a sole proprietorship (or other entity, such as a partnership) that is up and running as of January 1, and assuming you then incorporate that existing entity on any date other than January 1, you face the possibility of filing not one but two business income tax returns for that year.

Here's an example to clarify this important point . . .

Let's say you've been operating your sole proprietorship for a few years, and in early 2006 you decide to incorporate. In January you get around to starting the paperwork, but life gets in the way and you finally get it done in late February. By the time your state processes the Articles of Incorporation, the start date of your new corporation is March 1.

For 2006, you must file a Schedule C for the period of January 1 through February 28, when your business was still a Sole Proprietorship. And you must also file a corporate income tax return for March 1 through December 31.

Keep in mind, too, that 2006 will be the only year you have to do this "double duty". In

How to Have a Successful Fundraiser
To achieve a successful fundraiser you need to create awareness and excitement.Some things to consider:* When planning a fundraiser the most important question you need to answer is: How much money do you need to raise?* How many people do you have that can help carry out the fundraiser?* When will the fundraiser start and when will it end? It is generally a g

savings standpoint, any time is the best time. The sooner you incorporate, the sooner you will start putting more money in your own pocket and less in Uncle Sam's.

But from a **tax reporting** standpoint, there is one time of year that stands out as best: January 1st.

Why is that?

Here's an example to clarify this important point . . .

Keep in mind, too, that 2006 will be the only year you have to do this "double duty". I

For Business SUCCESS... Listen To The Voices of Experience
Discover the pitfalls of owning your own business BEFORE... [you make a BAD choice!]It's really BIG dollars rather than dimes... at least that's my experience over many years. Thousands can be GONE quickly if you fail to plan and work your plan toward success. That said, the first step - baby size - should be at the 'feet' of one who has been there... done it!!Invincibl

January 1, and assuming you then incorporate that existing entity on any date other than January 1, you face the possibility of filing not one but two business income tax returns for that year.

Here's an example to clarify this important point . . .

Keep in mind, too, that 2006 will be the only year you have to do this "double duty". I

Marketing - A Handy Formula That Will Make You A Hero
Here is one marketing formula that will stand by you and make you a hero. It consists of only three parts:1) Say what you are going to tell them 2) Tell them 3) Go back over what you told themIf this seems simple, it is. It will save you hours of slaving over a speech. It can make it a joy to write a sales letter. Use it to help you write your books and repor

to starting the paperwork, but life gets in the way and you finally get it done in late February. By the time your state processes the Articles of Incorporation, the start date of your new corporation is March 1.

Keep in mind, too, that 2006 will be the only year you have to do this "double duty". I

Baditude!
As a group of sales trainees took a break from our workshop on selling, the distress they were feeling, was clearly manifest in their intense discussions. It was obvious from their unrestrained conversations that the software being installed to track their sales performance was the reason for their anxiety. It was also evident from their negative comments, that many of these trainees had

turn for March 1 through December 31.

Keep in mind, too, that 2006 will be the only year you have to do this "double duty". In 2007 you will only have to file the corporate income tax return.

But if you are thinking about incorporating, the best time to do it, from a tax paperwork standpoint, is as of January 1. Only then do you have a "clean break" from the old sole proprietorship to the new corporation.

This timing issue can also be relevant if you decide to make the switch late in the year. If the effective date of the incorporation is November 15, you will have to file a Schedule C for January 1 through November 14, and a corporate return for November 15 through December 31. In that scenario, you should ask yourself, "Do the benefits of incorporating outweigh the convenience of waiting until January 1?"

So before you decide when to incorporate, take a moment to reflect on the tax reporting consequences of incorporating on January 1 vs. any other date.

Sometimes it may make sense to wait a few weeks (as in the second example), and sometimes it makes sense to "do it now", especially when January 1 is nearby.

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Last year residents have a lot on their minds; passing their final exams, where to start practice, and more importantly what kind of group or institiution will be the best choice for them to start a successful career. But don't forget some other important issues you must deal with; Licensing, DEA, UPIN and Board Certification.

Saying the wrong thing at the wrong time can tarnish your image and close doors. Learn how to recover from life's embarrassing moments.

We’ve all become accustomed to politicians pointing to people in the crowd and telling their stories, but why do they do it? What working politicians understand is that abstract concepts have to be brought to life through real people. By offering anecdotes to journalists while being interviewed, you can help turn your Page 16 blurb into a front page feature article. Here's how to do it.

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