Thursday, June 28, 2012

OBAMA HEALTH CARE LAW RULED CONSTITUTIONAL

What does it mean to the small business owner? If your business has less than 25 full time employees and pays at least 1/2 of your employees' health insuranc premiums, you can get a tax credit equal to 35% of contributions. In 2014 it goes up to 50%. If you have 50 or more full time employees and don't provide health insurance coverage for them, you pay a penalty of $2,000 for each full time employee in excess of 30 ful time employees.  (Hey, that's cheaper than health insurance, isn't it?)  So, Creeping Socialism creeps on in this administration.  How about we all do our part to have Obama become unemployed next year?

Friday, June 8, 2012

MEMCON--MEMO OF CONVERSATION

You never know when a business record may be of crucial importance in commercial litigation.  Sooner or later any commercial establishment will find itself in litigation.  So, let us wax eloquent on the MEMCON--or the memo of conversation.  What the hell is this?  You have a phone discussion with someone regarding a deal, or a complaint, or just about anything, after the convo, you write a summary of who said what to whom.  That is your MEMCON, and it can be allowed in a trial as a business record, as long as it is the regular course of your business to make MEMCONs, it was made in the regular course of business, and was created on or about the time of the conversation memorialized.  Dig your well before you are thirsty, and start using MEMCONs as a regular business practice. You'll be glad you did.

Monday, June 4, 2012

INVOICE MORE OFTEN

Billing just once a month and not getting paid and then waiting another month to bill again?  Boo on you!
Bill as soon as the work is performed, bill two weeks later, and then if you don't get paid at the end of the month, give them a call, and if necessary keep billing every two weeks until you are paid, or until you sue the bastards.  Bill more often, get paid more often. Sound good?