35 Burst results for "CPA"
"cpa" Discussed on Go Beyond Disruption
"So you know Rubio is another way to kind of. Get, a taste of of what's what the future is going to be for dynamic audit. And I'll just let you know that that review is available today for audit firms that are looking to to virtual allies and right now there's a there's a special no-cost offer in place to provide to provide the Riviera's professional electronic CPA report delivery and management provide that through. September thirtieth at no cost for firms that sign up by June thirtieth. So that's an offer that's out there. If if if people want to try that thanks Koos all that as a twenty twenty date. So if you're listening to this episode from Archive and Twenty, twenty one sometime beyond, of course, those dates only applied that year but the good news new things happen all the time and we're glad that as they happen this podcast. Is certainly one of the places to hear all about them where ever and whenever you happen to be downloading listening to the episode Steve Before we wrap up let's ask you to do some more heavy lifting that's ask you to do some signposting for anyone would like to find out more about this topic about fertilizing practice perhaps more about you and your work. What are some resources you'd recommend that would help them do that right now. So number one is or the website. Called a distributed more virtual CPA firm and a and a practice. Okay. So that's a site that I worked on with the the CPA DOT COM team, and we curated resources specifically to help audit and assurance firms quickly adapt to the current business landscape and entrance in their their firm in their and practice to a remote working environment. We curated and developed resources around some key areas where where we feel we can. We can most help firms help transform firms I should say, and this practice area So this this site. Includes that that excellent Lisa bodell simplifying to innovate keynote presentation that I mentioned, and again, that was from the the the most recent December digital CPA event. And that's really a great resource for any firm Finance Company or any other organization that wants to simplify, innovate and grow. So so that's that's on that site that same site, which will be the first link that's available in the show notes here. Also includes another session from from the digital CPA event called upskilling in. Right. So we talked about about that concept that one. So so her her session from from the event is also available there on on that page at the first link. Okay, the remote working audit firm discussion. We'd played a clip a clip from that with three key points from Kim more. So session is on there as well. It's not really a session. It's actually a recorded twenty minute linked Lincoln live that we just did with her. So that's there and she she shares her wisdom and practical advice for auditing firms that are trying to adjust to to remote working conditions. You know her firm move to a distributed model themselves few years ago. So they're firms pioneering experiment and what they learned along the way. Can really help today's firms that have to do it and and do it quick. I'm other resources are Another P. A. is coming up the digital CPA twenty twenty event. Is is coming up in December so so that's something to consider. We'll put a a Lincoln there for that Steve Before you go I, all school my guests to design the rent virtual takeaway t shirt for the go beyond selection podcast..
"cpa" Discussed on Go Beyond Disruption
"Within CPA firm sit and other organizations. Now you've got new you've got new skill sets often with a with a technical element Them that that weren't necessarily coming in like like that before and then you've got this generation Z. is is now in. Know now entering and I wrote I researched and wrote a piece not too long ago called three staffing insights for CPA, firms, credit unions, banks, and more. And to do that, I found some pretty interesting things out that all share you know I found out that that there is a real generational element for all employers that you really need to embrace. Or you'll get caught you'll be caught unprepared for it. So here, a four things for leaders to ponder. Okay. So Generation Z. which is folks born after Nineteen ninety-six. Generations is here. All right there sixty, one, million of them in the United States alone and the first wave of generation Z. have already graduated from college. Okay so generation Z..
Interview with Kim Jent, director of the Mississippi Housing Institute
"You to Liz and Lisa and thank you to Kim Jin the executive director for the Mississippi Housing Institute for joining us this morning the Mississippi housing. Institute, is an Appre, an approved provider of education for the Mississippi State, Board of contractors and offers both online and classroom courses to keep contractors. Certified. Good. Morning. Good Morning. Harry. You I'm doing fine I. Really appreciate you taking the time to join our show this morning for those who may not be familiar with them Mississippi Housing Institute image. Just. Give us a brief overview of what the organization is in what you guys do. Okay well, basically where the Education for Home Builder's Association but So I provide education for all the builders remodelers. Now, with that being said, we also provide that for any builder or remodeler across state whether they're a member of homebuilders were not We have online like you talked about and We also have classroom. Now with Kobe, you know we've had limited classroom type of courses, but we definitely have. The online that people can go to the two that are having to renew their license if they got their license, after July, two thousand fifteen, they have to have two hours of c credit, and then the other thing we do, we have a designation program where builders and remodelers can become a certified professional builder remodeler and that's just they are licensed. They do four hours of ce every year they have their insurance. Anyway they are. The type of contractor you WANNA hire. It's a, it's a job. It's just add to that We are both CB and remodeler classifications, we might company has both and. It's just a upgraded classification. You know when we talk about, where do you go to hire a qualified contractor? That's that's another way to find out is this company reputable cannot trust them? Are they going to be here tomorrow if that's the type quality that you get when you hire a CPA. Go to you. On was we have we have each of our each of our certified professional builders. remodelers have their own page on the website and you can search by Zip Code. Now, with that being said, like you're in a rural area, you may have to go listen popular bill. You may have to go to Hattiesburg the coast you know put one of those codes or may not be one specific in that area but somebody by which you can go in search or by ZIP code or by specific names and kind of look at their profiles and see. Pick your your builder remodel from there. Oakland the website, the P. B. M. S. dot com C., p. b., M. S. dot com. S. correct because we because we always are you know the diy spirit of want you to get out there and do it yourself if if he can. But like Jeff Pan both know if we don't feel that you should handle it on your own, we want you to get certify people and this is another resource. C. P. B. M. S. dot com along with I. Guess One of your partners, the M. S. B. O. C. Dot U. S. The Mississippi State Board of contractors you are the education arm. For the Mississippi State border countries create. Net Net an forehand builder's Association. Okay. Factors we do work with because they. They are the ones that license and require you know education's for these builders and remodelers knocking this too I Kim this to teacher certifications as you can become a certified teacher. But then as a thing because call board-certified where you'll be kind of you have the distinction with your certification and you have to continue your credits and this is the same thing as you say with contractors with the credits in stand up today with the different policies and guidelines correct. That is correct and I'll just mention to like what you're talking about the storm you. Not Hiring just any. Anybody off the street you know if they're storm damage and you're looking for somebody, these are the type of people you want to hire. You know because don't take money upfront from these builders and you know because they. I'm talking about the ones off the stream not talking about the certify the certified professional builders do know are are legit and they're gonNA take care of you and they're going to be you're probably going on wait lists with these guys so. Anyway just if you're looking for even for the storm there,
"cpa" Discussed on Go Beyond Disruption
"That a virtual CPA firm would need to be able to to enable the remote ANA workforce. that. That's not necessarily given that that they that they're able to have their. Their folks in lockdown fully enabled to work and do their job effectively. So virtual CPA firm would have that taken care of. Another would be that that a virtual CPA firm. Is a firm that that can help clients with their their newly critical needs and act as even more of a trusted adviser than they have in the past right. It's really understanding and anticipating kind of the the new needs that that are there or the needs that have gone from. You know not really you need a kind of a nice to have to. Now it's become a critical need which really kind of understanding what what clients need right now and and being a being that trusted adviser that that CPA firms are really the perfect type of business. To be that trusted adviser and have firms be able to rely on. Or have clients I should say be able to rely on the firm to be a trusted adviser on on not just the normal work that they do for them. But but just to be there to to listen to them and answer their questions and let them Kinda share what what their company is going through, and then I guess the. Another thing would be, what would a virtual CPA firm do? Well, one of the warnings play talked about earlier is it would be a that that can provide the most professional and secure electronic report delivery tracking and management possible today both for for clients. And for that entire ecosystem, like we talked about when you think about important reports, important financial documents. When we go into a pandemic type type situation, you want to have secure professional delivery in exchange of important documents like that security is very important and quality control really having control having that audit trail for where are these important documents going who has received and when did they receive them..
July Mailbag with Jason Moser
"The. Multiple answers I'm out Southwick and I'm joined, is always by broke camp. Personal Finance expert here at the Motley Fool. Hey, BRO, well! Hello Alison. It's the July mailbag where we answer your questions and this month it's with the help of multiple analyst Jason Moser. Should you buy a house now? What is modern portfolio theory and also here Jason's thoughts on a lot of stocks all that and more on this week's episode of Molly fully answers. Jason thanks coming back. you know I mean i. told you you invite me. I'M GONNA. Be here every single time. Thanks for having me back. I mean we appreciate it because we know you're a busy man, and so we do appreciate that you carve out time for us in our little show, don't. Always always make time for those important people in my life rule number one make time for allison and Bro I love. It sounds like a good one to me. Everybody wins. All right well, I guess we should just get into it, so the first question comes from Darren I've subscribed to the full for over a year and I'm really pleased with the service. I would like to know your thoughts about my holdings in Shop Affi- I've bought several times over the last three years, and it's now over thirty five percent of my portfolio and I. Don't know if I should continue holding or trimmed down. What would you advise a good problem to have I was gonna say that exact same thing? That's a good problem have? In a very glad, you have subscribed to our services in your really pleased. That's that's what we aim to to do. We aim to please help you make money and so yeah. This is one of those situations that we will find ourselves in from time to time as investors. A nice problem to have but something you do need to address at some point because it is going to be a little bit different for everybody. In so coming from the perspective of I, also own shop, a Fi stock in it's it's a wonderful investment. It certainly is taking up a bigger. Part of my portfolio a not at thirty five percent where you are. I think for me. It really does boil down to. That sleeping at night test in other words, you need to be able to go to sleep at night without worrying about this kind of stuff, and if you feel like shop, a Fi represents too much. Of your portfolio if you feel like you're overly allocated their, then, you may need to consider pulling it back a little, but now I mean it's. It's I think it's always important. Note you know. It's a big difference between building up a position buying a position to make this size to make this type of allocation in your portfolio. It's another thing entirely to have position grow into beat into becoming that size i. mean that that is that is in a little bit of a different dynamic there, so people all the different ways, some sometimes folks will, they will just sort of looking at it from the house money, concept or you. You just sell enough shares to recoup your initial investment, and then you let the rest of it go. Some people are perfectly fine with thirty five percent. Some people are not. They want a pair back so i. do think you need to kind of figure out what helps you sleep at night I do think that shop by a great business. I think the biggest risk in only shop, if I right now is valuation, just because it's dominating, it's space, but it's not making any money yet, and it's probably going to be a little while until they do so that valuation risk is there, but ultimately yeah I think determine. Where you feel most comfortable with it, and if you feel like you need to put a little bit of that money off the table, and he thirty five percents a lot, certainly very understandable. If they've said something you need to do if you do decide to pair it back a little bit. You've made multiple purchases, so you can identify the shares to sell to manage the tax consequence if this isn't a brokerage account and not an IRA. All right next question comes from Steven. If you are forced into unemployment, you are paying federal income taxes on unemployment payments are not contributing to social security nor to Medicare. How does this affect your future calculation of social security benefits and can one contribute to the social security fund during unemployment to mitigate any adverse effects on benefits, it is a little bit adding insult to injury, but you do owe federal income taxes on your unemployment benefits, and if your state charges has a state income tax, you probably have to pay state tax on that, although there are a handful of states that exempt unemployment benefits, so that's good news. And by the way you, you could have taxes withheld from your unemployment benefits you file. This form called form w four V. if you want, they withhold ten percent, or you can do quarterly estimated payments if you wanNA avoid that big tax bill at the end of the year, but if you're strapped for cash is probably just better to get the money now worried about your taxes later Eh. Stephen notes out. You do not pay payroll taxes. Those are the things that go into social security and Medicare so. So. It could result in a lower social security benefit, however, keep in mind that social security is based on your thirty five highest earning years, so if you enter the workforce at say twenty two and you work until you're mid to late sixties. That's more than forty years where the working so hopefully. If you miss out, if this year is not so good somewhere among those other forty, five or so years, you've had thirty five really good year so that this year won't be that big of a deal. So it probably will be okay. And then to address the last question. Unfortunately, no, you cannot make voluntary contributions to social security. There is at least one academic working paper out there. That suggested that people could buy into social security by like extra credits as opposed to contributing to your 401k, but so far that has not been passed by Congress I had an ex. Question comes from Sam. I heard to stocks discussed on another full podcast. When I read articles about them, it mentions they are thinly traded. I have two questions one I'm sure my position would still be quite small so I think I'd still be able to get in and out, but are there other things I should think about when it's a thinly traded stock and question number two. Is there a certain amount of? Daily volume you like to look for when considering a stock foreign investment. What volume do you want to see to not be? Quote thinly traded stock. Yes very good question in thinly traded stock just refers to the either the amount of shares or the dollar volume of shares that would trade on any given. Market Day and so. The. Thinly traded stock. The the problem is that you may not necessarily able to buy and or sell at the prices. You necessarily think you might be able to in other words when you look at a stock's price and you're looking through the. What what's going on throughout the day on the market, you'll see that did ask spread, which is essentially the bid. Ask spread is it's what someone's willing to pay for the stock versus what someone is asking to be paid for the stock? Because you know you have a buyer and a seller on on in every transaction they're. Normally most cases, these business business bread is very tiny, the couple of pennies maybe for most stocks because they're. They're heavily traded right there. There are plenty of dollar volume. But there are a lot of smaller companies small caps in particular in in you know a micro cap, specifically that don't necessarily meet these kinds of thresholds, and so you definitely have to be aware of that now I'll go back in time just a little bit, too. When we were running the service here at the fool called million dollar portfolios Roman Romani portfolio that we help manage members, and it was never really a problem, but we did have a condition in there. We were always looking for at least ten million dollars in average. Trading volume total daily volume now understand I'm not saying the number of shares saying the amount of money so basically shares times price, but we're always looking for at least ten million dollars. That wasn't set in stone it. It was an idea for us. It wasn't ever really a problem because we had a very diversified portfolio with a number of different types of companies, but when you're looking for smaller companies, you would've just keep that in mind that did ask. Spread is is something that just because it says the stock is twenty dollars. That doesn't necessarily mean you'll pay twenty dollars if there is a a big spread there between the bid, and the ask in so I think whenever you're considering stocks that have any lighter trading volume or thinly traded stock. Just be sure to use limit orders. Limit Orders of let us stipulate the price that you are willing to pay for or that you're willing to. To accept a if you're selling a limit, order is just a really good way to protect yourself from any unwanted surprise thinly traded stocks. You might not always necessarily get them when you want them, so you might have to lead that limited are in there for a little while, but but a limit order is a great way to protect you from any unwanted surprises. Next question comes from Randall. I'm in my late thirties now, but earlier in my life. I was very very bad with my money. Collection Calls Welfare and bankruptcy or not strangers to me. I've been at the bottom then I met the love of my life, and she convinced me to turn things around ten, and a half years later and I have done a complete one eighty, I took control of our finances rebuilt my credit and started investing and listening to all you find folks all. I opened it investing account with the goal of saving and building enough a down payment on a home. I'm happy to say we've now reached that goal. I recently sold at a profit because I didn't want that. Money tied up in the market. If we are close to needing it for a house, but now that we're here, I'm not sure what to do. We currently rent a basement apartment and our neighbors general living situation are less than ideal to put it mildly. So, we're champing at the bit to jump into the housing market that being said the experts have been calling for a drop in the housing market for a while, and that was before the pandemic hit now I'm worried that if we buy right away a year or two or three from now, interest rates will spike, and we could be put in a difficult situation. I live near Toronto. Canada or the housing market is already highly inflated in relation to the rest of the country should I be worried? While Randall first of all congrats on turning your financial life around love hearing success stories like that so good job on that. So I'll start with my standard answer with the rent versus buy decision, and that is just pull up spreadsheet and compare the all in cost of renting, including what you could earn on the money that use for down payment versus the all in cost of buying including the opportunity cost of putting down payment as opposed to having invested as well as insurance and taxes and maintenance, and all that stuff and project, where you might be in five to ten years based on various scenarios on what happens to stocks, if you. Rent an invest the down payment versus what happens to? What you'd look like depending on where home prices go. Generally speaking. If mortgage rates go up, that could way down on real estate prices we did see mortgage rates. Go Up for a bit a few years ago, but the housing market did find, but you could certainly envision a scenario where rates went much much higher, making houses, much less affordable and prices would have to adjust. But I don't expect that to happen anytime soon. I think we're. GonNa have low rates for awhile, but beyond that I don't know I've given up trying to predict where interest rates are going or even paying attention to people who try to predict where interest rates are going, so who knows? That said since you live in Canada. I thought I'd check. In where rates are these days and I and I got a brief reminder that things are actually different in Canada so I did a little bit of research. And then realize I had reach out to someone who knows, I reached out to Canadian Motley fool analysts Jim Gillies, and he had some thoughts so first of all just for you non-canadians out there. It is really different so in America. We get this thirty year mortgage than we have the same payment for thirty years. It's fixed. They don't have that in Canada. What's the most common is a twenty five year? But only the first few years or fixed. And then adjusts so in that context you can understand why Randall is worried about interest rates going up because over the next depending on which alone he gets the most popular is a five year fixed, and then you basically have to go get a new loan probably. So that put that in context, a little more, but also Toronto, really is crazy expensive. Vs from the end of last year that put it as the most overvalued real estate market in the world behind Munich. As Jim pointed out in our call here in the US we had our housing peak in two, thousand, six, two, thousand seven, and then we had what he called a reset, which is basically prices came down significantly candidate and have that slight downturn at home prices, but then they just kept on going up, so it really is different there, so when Jim explain all this to me, the difference in mortgages and the difference in home prices. Frankly he was inclined to say to this guy. You Might WanNa rent for while more and see what happens, but he also had the good advice of okay. What if you buy in prices? Come Down Fifteen percent twenty percent. What if they come down to a point where he upside down? You owe more than the home is worth. Are you okay with that? If. You're okay with that. Maybe it's okay to do that. But it certainly sounds like dicey situation than if someone were telling me like I'm thinking of do this in Dubuque Iowa or something like that. couple of other differences. In case you're curious about Canada in the US. Your mortgage is portable in Canada south. You Buy A. Get the five year mortgage, but then move get to take the mortgage with you for the next house and interest is not tax deductible. US Look at you, Robert, broke? Camp Can Canadian real estate experts there you go. Next! Question comes from Chris. I was on twitter the other day and saw that one of your contributors Brian Feroldi tweeted that he doesn't believe in a long list of technical trading terms and then modern portfolio theory. Can you help me understand what not believing an MP? T with mean this? He believed that diversification doesn't reduce risk. Also every financial adviser I've ever talked to his preached empty, so I would love to hear the counterargument. Jason you're not Brian for all the. Question I am not Brian for all the do get the talk of Brian Pretty good bit though. I I must admit I. Don't know what he said here in regard to modern portfolio theory and all of these technical trading arms. But I think I can take a guess. Generally speaking I agree with them, and I think you could sit there and look up the portfolio theory in you know read about it as much as you want. Just go to google modern portfolio theory, and you can dig right in there, but in a nutshell ultimately, what modern portfolio theory is the intention behind it? It's meant to reduce risk while maximizing returns. It assumes that investors don't like risk. They prefer less risky portfolios to riskier ones in order to achieve a certain level of return so right there. I kind of kind of lost me right there because I don't believe that every ever investors risk averse I think some investors have a very. Healthy, appetite for risk, and frankly I would say I got a pretty high tolerance for risk when it comes to investing, made it just because of what I do for a living but I. You know to me I like having that trade off least unhappy. Happy to take some risks there. If I feel like that upside, it's going to be potentially worth. So with modern portfolio theory, it introduces a lot of fancy math in the form of variances and correlations in order to come up with this. Quantifiable, investing strategy that ultimately helps reduce risk while allowing the investor to achieve. Certain returns in. Maybe it works for some not I'm not dismissing it personally I. Don't use it, I don't personally subscribe to it I. Don't need it. I think honestly for us. In a really believe it's extends to to most people in our full universe is that is individual investors I think a more meaningful way to reduce risk. is to just extend your timeline like invest longer. So like Tom Gardner said a number of years back when we were. Working on Motley, fool one basically take your take the time line that you think you want to own any individual stocks you buy shares of starbucks and I plan on owning it for you know five years. Okay, we'll just double it. Cloning it for ten in all of a sudden right there. You've given yourself more time. Time is one of the big advantages we have is individual investors. Money managers don't have that advantage, Wall Street done generally handed abandoned, either, but if you can be patient and just invest in good businesses. That risk really starts to come down over time. There are plenty of studies out there. That show that risk comes down the longer you hold onto those stocks, which into me, just renders modern portfolio, theory, more or less not useful mean on things, not useful for everybody, but it's not useful for me and based on Chris. Question It sounds like a agree with what Brian was saying there. We think I'll add to. That is I agree that risk is really not that much of a consideration if you are saving for retirement. But once you are in retirement man, and just say like you know what the market's not I'm going to extend my time highs in ten years. Because you need to spend money in that situation, I think diversification is important. It's important to have assets that don't always move the same direction at the same time. For some fools. That's just as simple as keeping any money need the next five years in cash, so you're right out any ups and downs, and that can be fine. But I. do think it makes sense to have. A mix of investment so that right now, technology stocks are doing very well, and we hope that continues to do well, but we remember was that happened in two thousand from two thousand to two, and there were down for quite a while anyone who retired in one, thousand, nine, hundred nine, or so it was very happy to have some small caps value maybe a. A little international, some reits to ride out the storm Yeah I think we talk about that often like recognizing where you are as an investor in life, are you in the grow your wealth stage, or are you in the protector stage, because they are two very different strategies, and we're all hopefully going to be in both of them at one point or another right? I personally and still on the grow your wealth stage I. Think we all probably are, but you will at some point get to where you need to focus on protecting the wealth that you've made so that you can then have that money to spend, and that definitely will dictate your investment strategy things that you're invested in and whatnot. Generally speaking I do like the idea for people who are just risk averse and have this notion that investing is just too risky. I mean the fact of the matter is not investing as far away greater risk like not investing. You will never grow your money if you don't the best, so if if if risk is a problem, I think generally speaking. Along the lines of diversification idea that that bros. talking about him, he just invest in invest in SNP index fund is something that just follows the progress and p. you know you're going to be participating in and if you look at that over the over the stretch of time, their five ten twenty thirty years, I mean that trend does go one way. It, but clearly the older you get, the more you need to start focusing on protecting your wealth, and that will change the way you view things. Right next question comes from Alex from Alexandria if I buy Muny bonds from another state in my IRA. Is it still taxable and Alexander with who we have a bond on and we do have a bunch. I know Alex up super excited about having a bunch on in Alexandria to I can't believe I haven't been there. It's like two miles from my house, but we still haven't been oh i. know because there's a global pandemic going on and we. saw. Alyx if we buy me bonds from another state in my IRA is still taxable. Bro, help him out or her or so Muny Barnes. People Invest Immunity bonds because they're free of federal taxes and in many cases. If you're buying bonds issued by the place you live, they might be free of state and local taxes, so that can be doubly triply tax free. That's why people buy 'em. There are some times, however that if you own immune, abound outside of an IRA. Pay Taxes and this surprises some people. There's something called the minimum tax. If you buy immunity bond at a discount, and then it matures at par. If you buy a distress, Muny bond for like you put an eight thousand dollars, and you sell it later for ten thousand dollars as a capital gain. You'll be taxed on that. So, there are some times when you would pay taxes on media. Now, Alex is asking what if it's an IRA? Do I have to worry about paying tax interest. If it comes from another state and the answer is no, you won't have to worry about that. The only thing I would say is. Generally speaking immune bond already has built in tax advantages, so you wouldn't keep it in an IRA, unless there's the example of the stuff I was saying previously like for. It's one of those exceptions when him UNIBOND would result in taxes than you might WanNa keep it an IRA, but generally speaking. If you're going to buy Muny Bond, keep it out of an IRA. Next question comes from Boone. I just did my first. Roth conversion and looked at that old account for the first time in. There was the expected dividend producing fund I remembered, but there was a stock chesapeake energy that I had completely forgotten about since I purchased the stock in two thousand, six fifteen. It's down way down like eight point five percent off the purchase price. What should I do with it now? It's in a tax deferred accounts so I. Don't think the loss is realized until I. Start to pull money out of the account and that might not. Not Be for fifteen years current value of all my shares will be about one percent of the value of the account after the conversion. Do I sell in the very little value? I had left and depend on E. Trade to keep up with lost for me or should I hold on based on the slim chance. The stock will be worth more in the next ten years. Oil Stocks do act unusually on occasion, only oil stocks. Stock everything else makes that usually. Chesapeake has been really. Interesting Story to follow and frankly. I don't I. Don't know that I would look at it today. As a business that I'd WANNA own so typically if I. You know I think it was yet idea. Didn't sound like a position are actively building united investment didn't work out. I mean that that happens to all of us. We don't get them all right. We have a philosophy here at the full. A lot of do we like to? Water flowers and pull the weeds, and that's just a nice way of saying. Add to our winners in to get rid of losers in. This I think is more than likely slated to continue being a loser I mean. Chesapeake has lost a lot of value. In it does sound like based on when you purchased this, these is absolutely busted I mean. There there are all sorts of reasons to sell one of them is if you thesis busted and the reason why you invest in the company is is no longer the case, and I would he probably is the case with Chesapeake so to me like you know, you could sit there and let it go, but but what's the goal trying to get back to even, or are you trying to get back a couple of bucks for me a lot of times? I'll I'll take a little opportunity here and there to just go ahead and pull those weeds sell it. Be Done with it. In even though it's just unique out a little bit value there, you can still take that money and do something more productive with it. So. Yeah T to me. I can't tell you to buy or sell obviously, but I can certainly understand. Selling in this case, but I you know. As as oil and natural gas energy can can turn around. This is going to be one that has a lot of headwinds in in. You might be waiting a very long time to to get any of this money back. I point out here that I it seems that maybe boone has a slight misunderstanding of how taxes in aries work because he talked about realizing the loss when he takes the money out and trade keeping track of the loss for him, it sounds to me that he thinks that he can write the loss off whence he takes the money out. That may not be the case, but just to be clear. One of the great benefits of an IRA is you don't pay taxes on the gains, interest and dividends from year to year. But. One of the drawbacks is. You can't take a capital loss on that as well so there's really no no way to benefit on your tax return from this loss. Next question comes from Benjamin. You recommend seeing a fee. Only financial adviser for check in every so often I know there is the Garrett planning network and others to help find an advisor. But what questions do you ask? And what answers do you listen for when trying to find one that is worth his or her one hundred fifty to two hundred fifty per hour. So I would say start first with asking yourself some questions. What are you looking for? You could go for the whole launch. Lada where someone is managing your money analyzing retirement plan helping new save and a five twenty nine. Maybe even doing your taxes with some financial planners do help with the state planning, or are you looking for something more targeted? You just want advice about am I saving enough for retirement, or are you close to retirement? You're like I just WanNa make sure that I'm doing right when terms like choosing my Medicare plan and claiming social security at the right time, so first of all just be very clear of what you're looking for. Then if it involves investments in any way, you WanNa, make sure that you find someone who is at least in the general same area philosophically and I say this, because many financial planners are hardcore index. And if you come to them as a motley fool, listener member with a lot of individual stocks. They may say okay. I'll give you some general asset allocation guidance, or they'll say I don't care if you like to pick. Stocks are not my advises, sell the stocks and go to index funds, so you want to make sure that if you're gonNA, ask for any sort of investment. Advice that you wanna find someone who's someone somewhat at least aligned for what you're looking for. Once, you've got that then. Just asked some of the typical stuff. You might expect so credentials certified financial planner. Are they a CPA either their personal financial specialist. How long they've been in the business. There are lots of people who. have not been in the business very long. Even though they're not young people, a lot of people choose financial planning as a second career, which I think is great, but just because someone may be look like they're in their forties or fifties. Sixties doesn't mean they've been in the business that long, and you WANNA. See if they've worked with someone like you right so if you have. Maybe. You have a large amount of wealth large income huge portfolio. You WanNa make sure that they have experienced with dealing with those issues, but on the flip side to if if you have, are you know middle income, decent size portfolio, but nothing too complicated. You don't WanNa. Go to someone who's used to dealing with someone who's wealthier partially because those people charge a lot more. You want to find someone who's kind of a little more lined up with what you're doing. Then make appointments with three folks. All of them will do get do free. Get acquainted means, and you're just looking for someone who you feel comfortable with. Since, you mentioned Garrett Big Fan of the Gary Planning Network and other is is not for the National Association of Personal Financial Advisers. But Garrett on their website has a how to choose an adviser section. Just Google attitude visor Garrett Planet Network has a great chapter from a dummies book that they wrote about how to choose adviser, and they have a good questionnaire that you can print out in US asking lots of good questions of financial planner. It's tough. Choosing a financial planner like my mom just went through that Bro! Is You know and she didn't really have a lot of options in Boise Idaho. Maybe two and one of them, she I never called her back, and never got back her, and the other one was just so busy just so busy, and just she just never. It's it can be rough. Finding a financial planner can be I. Think what we'll see is one of the consequences of this. Of the coronavirus pandemic. Just, like we are all used to working from home, many financial advisors and financial planners an now working from home. So in what they're doing is they're becoming licensed in more states. So, if you are more comfortable, working with someone over zoom remotely I think you don't have to stick with someone in your area. You can go beyond your locations, but you know some people don't feel comfortable that if if they're going to have someone managing their life savings, they want to be able to meet them in person. That's just a personal choice. All right next question comes from twitter. Is that right from sully what I hear? Okay? I just listened to the episode mentioning Your Weakness Two. Shopping carts and Tj, Maxx that me or you Jason. Accused me. Thoughts on the stock. If I had a war on Amazon, basket would be Costco TJ maxx Home Depot tractor supply. What would be your basket against online retail? That's funny. Well okay, listen I wouldn't have basket against online retail, because online retails where it's at. The whole idea. The whole idea behind the basket approaches to find a long term trend that you feel like the world is headed toward and so the war on cash basket, for example that was always one about people using cash war, traffic payments now with that said I get the spirit of the question some going to answer it because I do like some of these ideas. And I I would definitely include Costco in their in Home Depot's well. Home Depot gets a lot of my money. Doesn't, but they have a very loyal fan base of customers that just are happy to renew year in year out. So I love those membership models there, so costco and a Home Depot for sure you know I'm going to give a little shout at my wife Robin I. Know that she would approve of my adding target to the mixer. She hasn't been raving about targets APP and ordering on the APP the able to go to the store. Just pick it up right there I've talked with Ron Gross on more than one occasion about target and how this really has. Become a twenty first century resale right they're doing. They're doing everything online and in physical stores. What they call Alma Channel and then my fourth and I'm GONNA. Take this. You probably aren't expecting this when Alison. I'm GonNa Shock and all you. I'm ready. I'm ready Alta. We're going. Make up my I know my daughter's love. It ugly ugly Mug like this. What do I know about makeup? Tell you what. Get! A House with two daughters and a wife. That's what I know about make. There's a lot of it in an Ulta is a really really good business. They actually have a very nice diversified revenue stream. They've got the salon a`dynamic of the business which encourages people to go there they do have an online business. They have an augmented reality function there at where you can actually like. Try things on makeup to see how it looks. Mary Dillon just a phenomenal other adults of that's my fourth, their Ulta but they I appreciate the spirit of the question I like the idea I'm not saying this is the basket. I'm not tracking this basket in a not a not backing this basket, but in the spirit of the question if I had to develop. A basket, such as this one I think it'd go with those four. Yeah, I mean I guess you just have to think about what retail out there is something that you would still physically go to. Because the actual retail experience is being in the space is the experience and what you're there for? And I know I mean before Corona virus we I would go to target and just just couldn't believe how much money I had spent from walking through a few of the aisles. TJ Max is just a phenomenal business I mean what they've done through the years. Is really capitalized on the nature of the business, the advantage they have in that treasure hunt kind of nature like you go to TJ Max, maybe not necessarily looking for something, and then you end up finding a lot of things, and it can be a little bit lumping at times, but but generally speaking like management's a very good job of running that business, and they know how to exploit the advantage of experience. I think they're online game. Though I think they could probably get something going with online, and they just have not have not yet and so I. Haven't since Corona Virus for example. I haven't spent a single dollar there, but I continue to still shop at. Home Depot I. Think Yeah! We still shopping at home depot because we're doing. You know you gotta buy lumber somewhere. And I know my grandparents out in my my inlaws out in rural Virginia. They love tractor supply store, but that's not. That's not in where we live, but. Still New deck at the house there allison. I mean you, can you see? A big exposed beam behind me and some drywall work that needs to happen. Have lots of drywall work that needs to happen now though. Yeah Anyway get to that. All right next question comes from Matthew. I got married to my amazing wife nine days ago in a small Kobe nineteen wedding in our front yard after we postponed it from its original date in April all. It was definitely different, but still very special. My question is in relation to this wonderful event. My salary has been at a level that has allowed me to fund a roth. Ira I love the optionality of it, but after marrying my bad ass, wife are combined. Salaries are now over the limit that would allow me to fund the Roth. IRA does this affect occur immediately? Do I need to now open up a traditional. IRA and begin funding it or do I have until the end of the year. Matthew wants a Roth Bachelor party one last. Well Matthew I have bad news. When it comes to most things in taxes, your status and your age and things like that depends on where you are on the last day of the year, said if you're married on the last day of the year, you were considered married for the whole year. So that means if you contributed started contributing to a Roth IRA for twenty twenty. You need to call up your brokerage. Firm and re characterize that as a traditional. Now don't have any other traditional IRA, as it's very easy to do the back door, Ross which we've talked about before you can just google it or even when you call the brokerage, just say I want to do the backdoor. Roth and they'll tell you what to do. If, you have other traditional IRA as you can still do. It just becomes more complicated and you'll probably pay more taxes. So you, but you may not be totally out of luck and I should say that's only if you have a traditional IRA doesn't matter if your wife has traditional areas. One exception by the way of of what I just said. In terms of tax status and last day of the year is distributions from retirement accounts before it's age fifty nine and a half, you actually have to be age fifty nine and a half to avoid that ten percent early distribution penalty, unless some of the many exceptions that are out there exist. Right next question comes from Warren Warren Buffett. Maybe I don't know that's why I was thinking. He's asking about coq, so maybe maybe. Once James Opinion on coke. By? Or hold? Wants to now. I'd give buffet night give. Kiesel Warren of the same advice and I would say. For some I'm not buying it. Not Buying it I'm not holding it if I own it. I guess that means sell it. Even Atlanta Georgia person like you i. feel like it's almost sacrilege. I am pretty close to probably not being ever even invited back. But the facts are the facts. Okay, I mean you do have to look at the stock itself has been ain't bad stockton for the last five years. I mean I do understand why when you look at it what they do, I mean they have. Four hundred master brands, and less than fifty percent of them are the big global brands that are actually responsible for almost all of their revenue when I say almost only ninety eight percent, so it's a business. It's very reliant on on. You know a small portfolio of really successful grants. The problem is now. We've always talked about cocoa beans such a great distribution story and that's true. They've got a distribution network. It's just phenomenal, but the problem is now. They're what they're distributing is is being seen as not so good for you in so you're seeing them. Have it into to essentially pivot away from what you know brought them all of the success for all these years. Years in soda and that that's not going to change I. Mean you're always GonNa have people to drink soda? People are not to drinking as much soda going forward in the numbers of just kind of the kind of shown that through that through the quarters in the years of Coca, Cola and Pepsi Pepsi. Has the salty snacks division, which I've always been very. Impressed by I, mean I love a good Cheeto, and so I mean anytime you can throw a bag of those cheetos in my Patriot Amok GonNa, turn it their coq. Interrupting, but I think this is also very important point. You tried the Jalapeno White Cheddar crunchy cheetos. The White Shit or so. I've tried to Jalapeno ones but I've not seen the white Cheddar White Cheddar Jalapeno crunchy cheetos. Don't get the puffy. The poofy ones are not as good, but the crunchy white Cheddar Jalapeno Cheetahs. them by them. They're amazing. I have to back. Pain you. I'll get those next time. I promise I, mean Eh. One. crunchy wants the puffy ones, so that people won't you're not? You're not seeing poopie. Who using poofy Joe Copy? We'll be Coca doesn't have that dynamic of their business. They don't have that dynamic to their business, and they've suffered from that Pepsi's Pepsi's outperform coca-cola over the last several years. It's not safe. Pepsi or coke get it back. I'm sure they probably can. But what I am saying is I think there are a lot of better ideas out there, and so I wouldn't be putting new money into Coca Cola and frankly if I did own it. I probably would look at selling it and you know if you've got a beverage company, maybe own starbucks. It seems like the science coming out in support of coffee, right? It's coming and telling you that these sodas. They're gonNA. Make you fat. Coffee, it could extend your life. It could help you live longer. SMART Mexican looking this a starbucks as well is. That sounds like study from the copy roasters of America. Do! Something that Chris Hill sent me the other day. that. We sleep at night. I'm glad I've been drinking coffee as long as I have God knows what I would look like otherwise. You're a good looking man. Rick. good-looking next question comes from. A. I'm trying to save money for my kid's College. Fund while the five nine is a great option. I'm limited to investing in mutual funds, which means at best I'm going to get what the market gets assuming I do some sort of low cost index fund and I be a capital F. Fool investor have been doing much better than the market in the last three years of being a member of. Of Stock Advisor Enroll breakers, even during this pandemic mess by listening to every full podcast and following David and Tom's and yours and every one else's in the full universe. My portfolio of about one hundred stocks is up here today. Thirty percent to the market's down five percent as of day as of today weighed down by three sluggish five to nine plants that are also down five percent each. I feel like throwing away money by using the five to nine, and not being allowed to select my own great companies in which to invest. What's more, my understanding is that the five to nine does not count as an asset for the kid when applying for student aid, but the coverdale does. So I come to you with a simple question. Can I have my cake and eat it, too? What if I wanted to use the coverdell to buy individual stocks? Until the child is nearing college? At which point I then converted to a five to nine. This allows me to get better returns and avoid it being an asset for financial aid and get the favorable tax benefit. So, chose this question, because first of all Dune does a good job explaining the benefits of the coverdell over the five twenty nine, you can buy individual stocks. You can buy and sell them all day long. We recommend that, but you can. Whereas with the five twenty nine, you can only make two changes to the investments a year, and it's all mutual funds. So. That's you did a good job of explaining that. I will point out with the coverdell. It's gotta low contribution limit of only two thousand dollars a year, so for some people save more for college, but they can max out to cover it out, but then put the rest in a five twenty nine. One thing that doomed does not have quite right. Is The financial aid treatment the financial aid treatment? Coverdale's and five twenty nine is identical. They're treated as assets of the parent, not the kid that is favourable from a financial aid perspective. It's not negligible doesn't mean it doesn't have any effect on financial aid, but it's better than an asset that is owned. By the kid. He can. Transfer money from the Coverdell to the five twenty nine. If for some reason, he decides to do that, but you can't transfer it. The other way around so were convinced to try out the covered. You have money in a five twenty nine. You can't move it from the five twenty nine. To the coverdale. What other interesting thing that he pointed out is that he is doing very well with his investments, and he owns about one hundred stocks. We get this question a lot. Either on the show, or on the full live that we run every day for members of full services, and that is how many stocks should I own, and if I owned too many are not just owning index fund watering down my returns, but here's an example if someone owns a one hundred stocks is still crushing the market. Idol last question comes from Cameron thoughts on the valuation of Stone Co in light of the corona virus for a fragile country like Brazil. This could be the tipping point after so many other headwinds. But how does that affect stone? coz Business Jason I. Don't even know what Stone Co is. What is still business? Yes, don't Coz a payments company that's focused on Latin American markets in Brazil and particular in so I guess it could be. Draw you can draw a parallel to to a with square through pay pal at, but generally speaking I mean it's payments. Company focused on Latin America. Primarily Brazil. Is the big money making market kind of like Marco Libra, they're. In I, I, it's a it's. A NEAT opportunity, gained a lot of headline recently, when and it was, it was seen that Berkshire hathaway. Warren Buffett's company Berkshire hathaway taken a five percent position in the company, which is pretty considerable i. Think in the near term. You have to acknowledge the fact that. They're gonNA, be some real headwinds in in Brazil particularly because of the pandemic I mean. The flip side of that is role in same boat kind of in that regard. The entire world is dealing with it, so it's not specifically you know it's. It's not particular to one economy or one country some. To get hit harder than others I, do feel like Brazil. Be at a place where they can recover from this given You know some of the other businesses in the area. I mean that that that I think is. Who knows ultimately how? That's GONNA shake, but generally speaking. I think the move away from cash towards cashless. Transactions in and financial software that's not stopping if anything, this hastens that which which is what I think, Cameron's talking about there and for a company like stone. Co, neither are other companies in the space pags bureau in roquetas libra to but you know moving money around is a big big market opportunity, and there's nothing that says they won't be able to expand well beyond the Latin American markets, too, so I I'd say cautiously optimistic I mean I
The Unravelling 4: War Party
"This is the Jaakko on Raveling podcast episode four. With Daryl, Cooper and me, Jaakko willink. And, we're about to pick up the thread. Of JAAKKO GOING TO WAR I WanNa read something from. Tom ricks book fiasco early part from the earliest part of the invasion because I want to give people an idea of. The fire. You were jumping into in September, October. Two thousand three, so the war started in March. and. The conventional forces the Iraqis the resistance in the cities. Is precisely the match for the US military that you think it is, and we burn through them and. The Third Infantry Division gets up into Baghdad quick. They take the airport they make their thunder runs through the city, and the regime collapses very rapidly. That's in March early April. And this passage is. Referring, to appear now April into May. Quote. Baghdad was falling apart in front of the eyes of the US military with buildings, being looted and parents afraid to let their children outside, but no one had orders to do anything about it. Looking back several years later, Colonel Colonel Allan King the head of Civil Affairs for three ID spoke of April, two thousand, three with slow chilled tone of horror and his voice. I got to Baghdad was told. You've got twenty four hours to come up with a phase four plan. On the night of April eight Colonel John Sterling Chief of staff of three ID came to me, and said I just got off the phone with the court chief of staff, and I asked him for the reconstruction plan, and he said there isn't one so you've got twenty four hours to come up with one. King was stunned. He had been asking for months for just such a plan and had been told that when the time came, he would be given it. Lacking clear orders about what to do once. In Baghdad, the Third Infantry Division more or less stayed in place in the capital. You didn't find many dismounted patrols with three ID recalled J. Garner a retired army general, not one to lightly criticize his old peers. Kind of stayed with their platforms. That is their. And Bradley Fighting Vehicles. On April. Sixth Lieutenant Douglas Hoyt a platoon leader with three. Id saw looters for the first time. I remembered looking through the sights on my tank at people and trying to determine if they were hostile or not, he recalled later. He didn't stop them. It was not our mission at the time. The divisions official actor Action Review. States that. It had no orders to do anything else. Quote. Third Infantry Division transitioned into phase four SASSO. That's a security and stability ops with no plan from higher H. Q. IT reported. There was no guidance for restoring order in Baghdad creating an interim government, hiring government and essential services, employees, and ensuring that the judicial system was operational. The result was. A power and authority vacuum created by our failure to immediately replace key government institutions. The president announced that our national goal was regime change. This is still reading from the thirty report. That our national goal was regime change yet. There was no timely plan prepared for the obvious consequences of regime change. As a matter of law and fact, the United States is an occupying power in Iraq even if we characterize ourselves as liberators. Because of the refusal to acknowledge our occupier, status commanders did not initially take measures available to occupying powers such as imposing curfews, directing civilians to return to work and controlling the local government in populous. The failure to act after we displaced the regime creating a power vacuum, which others immediately tried to fill. Now. I. Know that War is very confusing. Thing and nobody has a plan after the first punch thrown the fight. There were. Some decisions made in the earliest days of this war that I find pretty inexplicable specifically because they went against the advice of the military and the intelligence establishment, and they were made seemingly for ideological and political. L. Paul Bremmer he was the civilian who was. Sent over to head the Coalition Provisional Authority the CPA the civilian authority structure in Iraq.
"cpa" Discussed on Dentistry Uncensored with Howard Farran
"D. Dental CPA dot org I. Think they have about two thousand and I'm not going to recommend either one of them, because it depends on the guy up the street, the guy up the street in your small town of be village Texas. you might really have. Chemistry is one of those two, and then you got a lot of smaller ones like cain waters. King Water says yeah, but the bottom line gentleman. Ladies, you have no idea what you're over. It is you have no idea what your numbers are, and you believe all these things that are disconnected for math and only full-time dental CPA. So so I want you I. Tell them what you're doing. I mean lit. Tell Him I'll shut up and you tell them what you're doing, so they understand your value proposition. Sure, so I'll jump in and take that one, but Jonathan will continue to talk our I promise. He's A. We. When we at the dental market and we interacted with Donald Preneurs, we'd realize the value in that industry specialized CPA, and we also realized that those industry specialized CPA's don't have the automation technology at their fingertips, and they don't have the dental specific benchmark reporting at their fingertips, so to provide the benchmark reporting. You're talking about. They're doing a whole lot of spreadsheet work. Every single mach, which is error prone and. And it takes a whole lot of human effort and that effort we want. They're really well trained knowledgeable. CPA's to spend that time talking and consulting with the dentist, not putting spreadsheet together aggregating all kinds of data from various quickbooks files. So what would our platform does in the case of dental? We worked purely behind the dental CPA firm that has a specialization. We provide two things. It's automation of the inputs. Inputs, so we take the bookkeeping time off that CPA firms plate by automating it using dental specific rules so as standardized chart of accounts for dental. Is You talk about that on pass podcast Howard? It's mind blowing. How many industries don't have that? That's something that our firms all have They specialize in this. They know that's right. We help them. Make sure it's always in place and always code activity consistently. Consistently across every single dental practice, they work with the same way, so we automate the inflows of data into quick books online, so we are working around quickbooks online, so they can still use the accounting system at the firm, and the.
"cpa" Discussed on Dentistry Uncensored with Howard Farran
"In one area businesses provided tool that has the same level of quality sophistication in ultimately investment to give that small single to unit to practice through practice owner, the exact same tools that the large DSO's in the big corporates you know players have at their disposal. Yeah! So that's our goal is to empower that small business dental poor. And the other rant I've been on. For thirty years, I've been on a lot of random certain to turn into like Oscar the grouch. You know I met never forget. I'm watching the story of Sesame Street and Oscar. The grouch was one of the most popular characters they asked the guy why why is a man? Living in a trash can so popular and they go. That's your GRANDPA. Barking at the TV, and he's all off of the world, and and and a lot, and ever since I heard that sometimes I'll be talked, doesn't. Come on your three year. Old Granddaughter said other. She's looking to you. Like is Grandpa Mad I'll never forget one time as a church in one of the Eric was like two, and it was completely silent at the end of the sermon and Eric, said everybody in the Church get here. He said God's Mad. And every like okay, so the other thing I've been lecturing on forever is not only do they not know the numbers they they're CPA was a referral from the church. Like out here. You know they'll say Williams at temple, and and they you know this guy is part of our church and he's a great guy. Okay. Well, does he know the difference between an implant and a crown I mean he's a good guy, but I've been saying you got to get with a CPA. Special someone that only does dentistry because the having all the numbers. Nice, that's science, but there's an art to it. Because a lot of this is above or comprehension, if knowing all the data could tell you all the answers than everybody on match dot, com would be married tonight, okay? There's a little more to the equation than just the number, so we have the science and the art the art designs. I always say my say. You can't a CPA because a lot of time that only disaster and they'll say you know I. Don't really know exactly why but I. Know Every Dennis in this state. Who did this? Here's what happened and that that just is what is and all my dental CPA. Friends are telling me that they're extremely interested. In this and everybody I talked to said I'm either checking out either it I'm either using it or I'm planning to. I didn't hear anyone, not one dental CBA, and and on my dental. CPA listen you know it's one hundred of them, and they're all like. Yeah, get them on, you know I don't want to hear this podcast so Jonathan. You haven't said a word. Are you shying humble or you just? I'll own being humble. So. How do you see this? Jonathan, I, think the way you disliked laid out of the industry. Is exactly right rebuilt the entire business around focusing on a niche in an industry focus which we found that with dental everything you said is absolutely correct when when a CPA firm focused on dental practices where they have thirty or three, hundred or a thousand dentists. The dental, which is word by the way is is going to benefit tremendously from having that concentration within that far into that we make a a very big plush to support the CPA firms that have focus because when they have an industry focused. They know what they're talking about. They can tell you that overhead expenses should be fifty five percent, not seventy, and that's really important as opposed to the guy that you mentioned. The friend of the church. You just does bookkeeping for anything everybody. So that's that's correct and we've. We've found that to be true and have been running with that for a few years. And there are. When you look at dental CBS oceans, what's even need about is there's to here. Let me Let me pull this up I'll tell you why so important I'm by by the way I know Dennis. And he was telling me one time. Sister graduated a CPA, and this is back ten years ago and he said Yeah. She doesn't know what kind of CPA she wants united, and we'll have a specialized, and we're going to dentistry and she did, and it was a really smart decision. I mean specialist the average dental specialists makes three twenty, the average General Dennis, one ninety seven. You see how specialization Adam Smith even talked about this and the wealth of nations seventeen, seventy six. Six, but the reason why you just said about overhead here's four Dennis may twenty five thousand a month well, if you have eighty percent overhead, which twenty percent of practice do you have to do? One hundred, twenty, five thousand dentistry may twenty five. If you have sixty five percent overhead, which is what the American Dental Association and great statistics has shown year after. After year, the average Jones has sixty five percent over i. just think a thirds to make that twenty five. You gotTA. Do One thousand industry. If you had fifty percent overhead. Obviously, you don't need fifty thousand dollars. Dentistry may twenty five I'd rather do just think of the procedure. You hate doing the most for me. It's a quadrant of 'em od composites it's. It's an hour of just mowing the lawn loading the dishwasher cleaning out the garage I. Don't WanNa. Do fifty thousand dollars where the MO D composites to make twenty five I mean I don't want to do one hundred twenty, five thousand at eighty percent overhead in it twenty-five, I'd rather do fifty thousand at fifty percent overhead to make twenty-five but the firms. They finally took off and we have now. The Academy of Dental CPA's at www dot edu CPA dot org I. They have eight thousand of the Institute of Dental CPA's WWe I N, D. CPA I N..
No more delays: What to know about the July 15 tax deadline
"Business Desk. Sam Stevie Reports were not less than 48 hours before the tax deadline Now, the due date is Wednesday. And Peter Neumann CPA says Make sure you file you atleast While you're returned, you avoid the big penalty, Newman says. If you owe money and failed to file the penalty is 5% interest a month. But if you file and can't pay its only 3% If you haven't filed yet, do it online. Never, ever found manually always follow electronically, Newman says. The I R s is short staffed right now, so there are a lot of already filed manual returns still waiting to be processed. He says. If you can't file right now, make sure you at least file an extension that will buy you three more months to get the
Supreme Court Prohibits Mobile Phone Robocalls To Collect Federal Debt
"The US Supreme Court struck down a twenty fifteen amendment to the telephone. Consumer Protection Act which allowed robocalls to me, made to cell phones by debt collectors on a debt owed or guaranteed by the United States robocalls to cell phones violate the First Amendment favoring debt collection speech over other types, and the court found that the government couldn't differentiate government debt collection speech from other categories. The court found that the CPA can be enforced while severing off the debt collector exception.
Actinium Pharma's Transformative Radiation Treatment
"So today. We're GONNA talk about a couple of things. COUPLE UPDATES we've seen in the last couple of weeks related to Jin Amarin, as well as Kerio farm that we heard today and I'm recording this on the twenty second of June. And, then the main story today we're GONNA, talk about actinium pharmaceuticals, and I think if everything goes well with them. They could be a big play now. This weird stuff around the stocks or we're GONNA touch a little bit on that, but I think that if the data continues to look as good as it has so far, they could really make a big change in the targeted radiation space, so we'll touch a little bit on that as well. But. Yeah, for me on a personal note. It's it's been busy. Things are kind of getting back to normal here. In San Diego, a lot of businesses have been opening up. So I've noticed that actually have a bit more of a social life now, so that's definitely been entertaining. Take me away from the market's a little bit, but you know I'm here today to talk about some awesome biotech company so with that. Let's get into it. And the first piece of news I wanted to touch on is biogenic and what we heard. Is that biogen's Tech Videira pen? Five one four was ruled invalid us. District, judge, and they closed Friday at two seventy one, and they did see a little bit more of a dip this week. As we've dealt with this already with Amarin we're hearing that Bison does plan on filing an appeal, but that appeal process can. Can take up to a year, but what's different here is that we're actually expecting at risk launch, so mylan has made it clear. Myelin the company sued by John. Over this patent made it clear that they're aiming for a November sixteenth approval day for Generic Tech. FIDORA, and they have already filed an da with the FDA which is the normal process by which a generic company has to get their medicine approved. By, June did kind of expect this to some capacity because they did launch a competing drug to tech Videira, called vulgarity and a little bit of a better safety profile, and they launched this just in case, the tech texture patent battle did go south because I believe there's other lawsuits coming up against this patent, but biogen launched Romerike parity in the hopes that they'll be able to shift the revenue. They've been getting from. Tech Fidora onto American and then maintain this juggernaut status since tech for their is their biggest selling medication, and it's about four billion dollars. Dollars per year they generate in this medicine, so they're going to hope to replace that with something and the loss of this patent protection means the generics are gonNA. Come on the market pretty soon and when I did mine. Alice's using a model that I had created. If I have the tech revenue, their stock price would go down to run to thirty, so I think what's going on here is investors are pricing in the potential of America to take a lot of that revenue from Tech Videira, which would help Jin, either that or the odds of winning? Winning an appeal are there so the stock is pricing in some upside? Despite the loss they suffered, and the other thing that's going on with biogen is they are planning to file the advocating B-. Be La in two three, twenty twenty and advocate the indication being Alzheimer's disease, which is a very very big patient population, so I think there is also some support for the stock given that biding could potentially get an Alzheimer's drug approved. If not late issue than early next year and I know there's a lot of controversy over the added Keenum data I think. Think personally. It's a coin flip whether or not the FDA is going to approve it. I think the the date is very shady and it shouldn't be approved, but strange things happened with the FDA before, so it is possible that they could lobby the FDA enough to get it approved the next company, and wanted to touch on is Amarin and just a little piece of news that we heard. Is that Amarin settled with the generic company called appetites, Apex Appetites, and this settlement would keep them from launching a CPA generic until August ninth of twenty twenty nine. And I saw a lot of excitement around this just because the logic being that if apex fought that ammon was going to lose the appeal, they wouldn't bother going through the motion to do the Selman agreement keeping Aptex from going to the mark until twenty, twenty nine. But, if I were to think about it logically, I assume that the lawyers between Amarin and APP attacks have been in discussions for months by now and that the failure of Amer to defend its patents just happened to go against Amarin APTEX was not expecting that, so they ended up filing the settlement agreement anyway, but I think that if Amazon is not successful in their appeal process I imagine appetites, April tax is going to be able to file a generic before this twenty twenty nine days, so to me this neither a positive thing, negative thing, but you know I'm still holding all my shares and will look forward to that appeal decision coming up later this year.
Private equity investments may be coming to your 401(k)
"High the Dow down nearly seven percent today Jamie Meredith from half until it's in our guest here on the KDKA radio evening magazine Jamie let me pivot here I was reading an article about the the potential of private equity being available or in it for a one case a lot of folks are running the other way they they say that that would be terrible can you maybe fill folks in on what is actually being floated out there I is it pertains to potential investment options for four oh one K.'s in the future yeah absolutely so private equity is a way to invest in companies that really buy passes the stock market so a company would issue stock and sell it directly to investors but typically you have to be what's called a qualified institutional buyer to to participate in in private equity that means you have to either have a significant amount of money or a great deal of of investment experience so a lot of those opportunities are shut off to your typical fire so there have been folks clamoring to add private equity to four oh one K. programs because for most of us your four one K. is your largest investment balance in relatively speaking private equity has done fairly well relative to your average stock in the market now I'm not sure I'm a huge fan of that because private equity comes with its own risks number one there's no liquid market so you really can't sell it and if the company starts to go down the wrong path and is it you the it's it's doing poorly you may not be able to sell those shares because there's no market the seller to so could be a great deal of risk one of the benefits of the market is you look at a company like coca Cola trades a hundred million times a day literally a hundred billion times a day you don't have that with private equity so you really don't know what the value is typically there's a room of CPA's that go in and study the books and come up with an estimated value but you don't really know what the value is now the proposal that was floated earlier in the week was to not include private equity as necessarily a line item so you wouldn't see that on your menu where you would be able to participate in something called a fund of funds most people know it as a target date fund so that would allow some of these kind of it's a pre managed funds to include private equity as part of their underlying investment profile that's probably a good way to Wade into the shallow end you have to have some professional managers on there making decisions but I think private equity may be a little risky for four oh one
"cpa" Discussed on Go Beyond Disruption
"Or terminated that rainmaker. But if they don't then they have employment risks to worry about so we see that. Come up on mentioned the pay equity issues. I mean what are the things that that we see in claims? Which is understandable. Is that when when you have a claim whether there's a performance issue involved or some type of employment dispute as you can imagine most firms don't want to get their clients involved You know they WANNA keep it in house which makes a Lotta Sense. But that would would that leads to is. You really have to have strong documentation. And I'm sure it's symbol tied that goes for all companies where you don't WanNa have your clients testifying about you. Know an issue with with a particular employee. It makes it even more important to make sure that you're documenting these types of issues that you're able to back up provide backup documentation for the reasons for terminating or disciplining employees. How about you tim. Anything specific you're seeing just with regard to to CPA firms in this area. Absolutely I think part of the issues that you small to midsize firms wind up dealing with when they have these types of problems is something more mention which is documentation law firms. They spent a lot of their time on helping their customers helping our clients addressing problems but perhaps losing sight of the back of the office type of HR component. So it's a problem. It's typically lack of experience on how to address it and how to deal with it. So maybe if you and to have an issue you feel like you're addressing it by just talking to them that's great and that's all well and good but where's the documentation. The reason why the best he is. Because in certain instances if you have adequate documentation and you have unfortunately wind up in litigation. There's a chance that you can get get. The claim dismissed without get into that Jerry without having people making emotional decisions just based on their own life experiences absolutely documentation state. That's good to know that there are things that that firms can do to prevent getting to to a litigation to litigation resolution there. I'd imagine that that these type of things are especially relevant for for CPA firms. That are growing quickly both organically and through mergers or acquiring other firms Some examples Like that I see in my work with. Cpa DOT COM. Is You know firms. Adding a new practice.
"cpa" Discussed on Go Beyond Disruption
"My current role. I am the assistant. Vice President overseeing the accountants malpractice claim team which consists of fourteen claim professionals who are dedicated solely to handling account in professional liability matters. Okay so you're a lawyer and have a master's in negotiation and conflict resolution so your understanding of Liabilities Cla- Liability Claims Spans. All the different ways that claims against CPA firms or ultimately resolved correct. That is correct when I started handling professional liability claims that CNA. It became apparent to me that most matters were resolved through mediation and negotiation instead of through trial but claims did resolve through alternative dispute resolution or eighty are usually resolved earlier and with better results. I wanted to learn more and hone my skill. Set towards eighty are to better serve our in shirts so I went back to school at night and I got a master's degree in negotiation and conflict resolution to round out my legal experience. Well that's great So what size of firms are you seeing reporting claims I guess I should first clarify what we consider. An actual claim we define acclaim as a demand for money or services and while I think everyone anticipates claims against large firms the bulk of actual claims that we see that were reported to us and two thousand and eighteen or from mid size and small firms. One third of all the actual claims were actually from firms with three or less practitioners. We're interesting numbers especially You Know How. Many claims or what percentage of claims are coming against smaller firms What other types of matters does your team assist with? I think one thing that tends to surprise. Cpa's especially at smaller firms. Is that the bulk of what is reported to? Cna on a yearly basis at least in recent years is not actual claims but potential claims and Subpoena Assistance Matters. Only about twenty percent of what was reported to us in twenty teen were actual claims at the time. The matter was reported. Okay so I'm guessing it's very helpful for the firm For a firm to let their insurance company know about a potential claim so as to get ahead of it then definitely the benefit to reporting potential claim is that we may be able to prevent the claim or mitigate any damage is similarly if a CPA third with a subpoena for records or testimony..
Europes data-privacy law turns 2. Has it actually made our information safer?
"This week marks two years since the general data protection regulation went into effect you know. Gdp are for a while. They're in the before times. It's all anybody talked about. It's a massive set of data privacy regulations created by the European Union and affecting any companies. That operate there. It is also the template for California's new privacy law the CPA company spent millions of dollars on GDP. Our compliance people expected finds so big. They'd put big out of business and none of that exactly came to pass but what has the GDP are meant for consumer privacy and more importantly our awareness of how're data gets used by companies. Jessica Lee is a partner with the law firm. Loeb and Loeb who specializes in privacy and she says so far. It's a mixed legacy we've heard complaints. Gdp are is kind of you know the dog that didn't bite. It was supposed to come with all of these big fines and enforcement. And that's really what got companies scared into compliance and two years later. We'VE HAD SOME FINES. But we certainly haven't had two or four percent of you know annual turnover. No one's going out of business You know even at the very high and defined it's still you know there's nothing in the billion dollar range and I you know. The enforcement has sort of trickled out as opposed to been this mass explosion of enforcement and so I think that's caused some frustration on the enforcement side but that threat of enforcement caused a lot of companies really to comply and I think compliance was the point. And so that's why I would give it you know in the B. B. Plus Range So companies did make changes. Do you think those changes will be lasting? I do I think that after the are you know obviously in the US we have the CPA. There's a law in Brazil. Multiple countries are standing up their own privacy regulations while they're not you know kind of exact matches to the GDP are they do reflect a lot of the fundamental principles and. I don't think it really makes sense to stand up a program like Something that comply with the GDP are and then tear it down because there wasn't enforcement because there could be enforcement and I think that while we haven't seen it at the levels at some were hoping for the threat of enforcement I think will still cause companies to keep their compliance programs in place up to date not perfect. I won't say that everyone's perfect. Maybe that's part of the complaint but I think that will keep it on the radar as a priority. Do you think there's anything that has trickled down to consumers like I feel like the most visible change. Is the annoying cookie disclaimers like if anything the Internet. Got a little more annoying for us. I wonder are there any other benefits that you can point to? I think this as a general matter consumers generally or more cognizant of privacy online and I think we still have a long way to go a lot of my complaint with some of the privacy regulation is that it doesn't contemplate consumer education enough internally. I think that companies do implement the Judy Pr's principles that your data might be held and be processed in a more compliant fashion meaning. You're not collecting more than you need. Or maybe there's additional security controls in place or maybe it's not being shared as widely or without you know contractual protections. Maybe it was before so there are things that are benefiting consumers that they probably can't say do you think that GDP are actually really did change the way that companies think about data and privacy or that this sort of like ongoing awareness campaign will lead to sort of a philosophical shift companies? I do I think so. I probably has a bigger impact for US COMPANIES. And we're going to see this domino effect of privacy regulation that you know if you weren't thinking about it for GDP are you'll think about it for if you're not thinking about it. I see CPA. You'll be thinking about it for the law that ends up in your state or the federal law that we have like you'll they'll be get to a place you can't avoid kind of following these principles although we are now seeing those principles collide with the covid nineteen outbreak and we've talked to futurist and legal scholars who are saying privacy. Might end up being a bit of a casualty of the pandemic so I wonder how those laws are going to interact with what public health officials may see as a need for greater surveillance or more data. Oh definitely I mean. I think we were always headed toward surveillance and so these laws weren't going to stop us from getting surveillance. The goal would be to get us there in a more responsible fashion. Which is I think the benefit of the GDP are is that because it's principles based even if you do do a lot of data collection even if you do do enhanced surveillance I think there are still some fundamental principles that will be in place The US laws are kind of more spotty and more prescriptive and so we don't have that kind of principles based approach to privacy. And I think that's GONNA leave us in a tough spot because I do think that we always have to make a trade off right so online. Sometimes a trade off with data is do I want access to content for free or you know or do I am I am. I willing not to search on the site because I don't want to give them my information. I think the stakes are obviously much higher. Where we're talking about cove nineteen. I think people are going to be willing to accept. More surveillance will be willing to give over more data to get freedom right to be able to go back outside again with some level of comfort. We're going to be pushing in the direction of surveillance and the question is. Will we be doing it in a way where we have responsible rules in place? Are we going to do it in a way where we might be in a little bit of a free for All Jessica? Lee is a partner with the law firm. Loeb and Loeb. Who Specializes in privacy
Tech businesses wary of moves to bar brainy immigrants
"An executive order last month temporarily suspending the approval of some green cards many in the tech industry pushed back hard. The sixty days suspension does not apply to h. One B. B.'s. `As the visas for high skilled workers that tech companies often used to bring in engineers and other employees but this ETA the big lobbying and Trade Association for the Tech Industry says immigrants have founded some of the country's biggest tech companies. They've contributed to the startup innovation economy in the US and said that if these restrictions go on or get expanded it will hurt the country's ability to compete. Michael Patrick own is the senior vice president of government relations for the CPA. It's huge issue for us. Immigrants and their children have founded forty five percent of the US fortune five hundred companies and that includes tech companies like Intel Amazon. Google and Apple Steve Jobs as father came from Syria. Andy Grove of Intel came from Hungary and Sergey Brin came from Russia. Jeff Bezos is father came from Cuba. Imagine how different our country would be. We'd closed our doors to those immigrants the order it doesn't affect workers who enter the US on H. One B. Visa which is used by many tech companies to bring in workers. But you're still worried just across the board. We have heard rumors that the administration is going to be addressing and putting limitations on h. One B. Visas next. That may something they're considering the near future and we think that would be a mistake. Got It and so the concern not is not just about this existing order which is for sixty days but the idea that down the road the tech sector could be actively hurt by ongoing restrictions will. Yeah I mean it is and also bear in mind. This is a competitive marketplace the the marketplace for the world's smartest people as competitive so of. Immigrants. Don't come here. You're going to go someplace else. They're going to go someplace like Canada. I mean for a long time there was a billboard highway one and it said something like immigration problems. Come TO CANADA. We have a new STARTUP VISA. You've got these. Other countries that are embracing skilled emigrants like programmers and engineers entrepreneurs at the same time the US tightening its borders and these countries these workers create businesses and generate jobs for locals. These immigrants that ends up another country is a win for that country at a loss for us. Is there any argument for the restriction? I mean I know that you know there probably will be people who agree with the president and say America should be first in line for jobs if we have thirty percent unemployment. Well the point is that immigrants. Come here and they create jobs right. It's not like there's a fixed number of jobs to be. Had they come here. They create companies. They create jobs and they hire Americans so immigrants are there a crucial part of our nation's economy and the tech industry. And that's especially true today. Right look around. Immigrants are helping respond to the pan-demic in research. It in AI. In Food Supply. And then as as we come out of the pandemic we're going to need to innovate as never before. We need immigrants and the world's best minds to be part of the process.
Multicloud MySQL with Jiten Vaidya and Anthony Yeh
"More about the networking challenges for implementing a multi cloud database. So we used eight engy. Cpa's support VPN Address and BJP outing so appealing. Aws engineer was fairly straightforward but Uzun and support the BJP protocol. So we couldn't use the being raised so as we had to manually set up. The routes cleared firewall rules and forward the traffic from Manu Be Glaspie in so it was basically Im- by an metrics of like we had three brothers and four regions in each cloud provider. All with each other. Can you explain what? Vp appearing as BBC painting is basically it just? It's done that allows lousy route traffic from one in one cloud provider another club. Reuter BBC meaning virtual private cloud so the communication between two clouds between getting to to VPS's to talk to one another. Explain a little more detail why that was difficult. It's easier to route packets within the network boundary of a cloud provider. But now you're sending packets across loud providers and that's why you need. Vpn Gateways and be bit outing. I see and did you have to write your own. Vpn Gateway to route the traffic from one cloud provider to another Juicy support the Ajay. Bbn Get race but Azoulay doesn't so we needed to setup the routes manually grier Rules and forward the traffic from Amanullah Parisian. Ib to the classic VPN. How else do the different cloud? Providers differ from one another significantly. Their Communities Implementations Defer the maturity of the Coordinated Implementations Bicarbonate Implementations. I mean they're hosted community services have different maturity. Some of them work as advertised and some of them. We have to put in scaffolding to make sure that we are working on there. Flaking seizure like the Kuban eighties is a service platforms on the different cloud providers. Yeah by blood is the best I think is pretty good too it. We had problems with. How does the failure domain of Vitesse Change when it goes multi cloud so one of the previous episodes? We talked about how the tasks running on Cooper netties in a single data center can recover from failures handle failures. But I'm sure. The failure domain becomes much more complex when you have multi cloud scenarios. Talk me through. Some of the failure cases that you've solved for right with us. Conceptually affiliated domain is a cell and we mapped the cell to coordinate is cluster in a region in glower in we have sixteen different cells and each cell corresponds to urbanize cluster in a region in the cloud. So we have cloudy different cells. Four regions Antigua Bells outs so conceptually. Cell is the federal domain invictus. And the same is true in this declawed. Derision world even the cloud providers tend to think of vision as failure domain. It's a set of computing resources. I mean Ability zones which is yet another failure domain. Which is slightly more granular. That's how we deploy when we are deployed Vidana single region but when you have deployed across legions been deployed across cloud riders. We tend to think of a region in a given cloud as a unit of domain Anthony. You want to add anything. I would add that. Even in the cross cloud or multi region case we do still define each availability zone within a region as its own failure domain. So for example if you tell us to launch end replicas in region cloud one. We're going to do our best to spread out across the availability zones within that region. Maybe talk through the resolution of a failure that could occur. Let's say like I'm doing a right to the database instance on the cloud that's accepting rights and so I do a right and somewhere in this right. The entire cloud provider fails. What's the process of recovering from that failure? That cloud provider has received the right. How do the other clients or how did the other databases on the clouds identified? That failure has occurred. There are different types of failure scenarios that we recognize one is kind failure and one is bland failure. What plan failure is that? You know that this region is going to go away at one point in time for maintenance for whatever reasons that's harrys hundred British in a straightforward fashion where failure your bastard out of that region in either another region in the same cloud provider. Auden do originally different. The second which is more problematic is if it's a catastrophic failure with very little warning a whole region goes away. Your master wasn't a governor discussed which was in that region. So let's see what will happen rate. I is not the right itself will fail. The second thing that will happen is that we have a global at city cluster with members in different regions and if there was a member region when I say city parking lot at apologies so the member in that region will go away the second thing that might happen but because are multiple members which cleared that Corum. Today will still continue to respond and our operator detects that the master has gone. Antony will be able to explain it better than I do. I guess picking up. Richardson left off. You know he made sure to talk about the fact that we still have the ability to read and write to this at CD topology server and that's important for ensuring that vitesse can do this automatic fail over in a safe way while taking account for the fact that one region might be unresponsive. So there's a couple of different train offs you can make as a user you can choose different trade offs so one for example is you could say. I WANNA do. I let me think across clouds across regions. And if you do that then you can know that before you were told. Any transaction was committed it has been replicated to a different region. So if you sign up for that setting it means that you won't lose any transactions that reported to clients has committed the downside of that the reason it's a trade off because that means every right you have to wait for the year round trip to Go to a different region and comeback in report that it was acknowledged so the other option that I used have is to say. I'm going to roll the dice and say you know. If an entire region goes down I will abandon any transactions that got orphaned in that region and repairing somewhere else while saying you know if that region comes back up all kind of take a look at what transactions were orphaned in replay them as necessary and this rule choices actually the way that we chose to run at Youtube so we only did within a region or given cell and we said if it ever happens that we have to continue somewhere else where you will figure out how to replay transactions. During the time I was in this never happened and I think Subaru also has said it didn't happen while he was there because what we saw much more frequently was if not that an entire region suddenly disappears. It was more that you have degradation in our region wrapping up getting worse and worse. And so what we did is we just had policies in place to say as soon as the degradation gets passed. Some facial we will preemptively shift our masters over to a different region and that might be slow. Because maybe there's a network packet loss or things like that but we were kind of babysit that wait for it and then once out of that region we say okay we're safe. We have avoided the POSSIBILITY OF TRANSACTIONS BEING ORPHANED. So those are two different offs. You can make in a condition where databases get out of SYNC. You might need to have a voting procedure to determine a quorum. Can you give an example of when that might occur and how databases would communicate in that scenario to resolve an inconsistency so the way we run our system we don't use voting and according to figure that out my sequel has this concept of GD idea global transaction ninety as Antony described you have a master in multiple replicas and different might have replicated who are different extent? Also if you have semis? Implication turned on what that means. Is that before? The master says that something was successfully committed that the data who it read that particular transaction is guaranteed to be applica- somewhere else in logs. So all that needs to happen is that it needs to get over the network and it needs to get into the really log. It doesn't need to be materialized into the target database the latency required for that is Lloyd than actually getting into and into the database. Long Story Short. What we need to do is to talk to all the mccaslin figure out which -LICA- has progressed to the highest judy. Id which has jetties which is as close to the master as possible and the Jews that as the new master so this is something that is done post-facto after the master has gone down at mark for the transaction. So that's how we allied a split brain with semi sink turned on. We don't pay the cost of figuring this out for a transaction. We just do this at the title fellow or semi Turned on that make sense. It does and I'd like to change the conversation to actual production deployments. So have you put the multi cloud database into production for any particular users? Who are the people that would want to switch to this more aggressively from just a single data center? We have trials. Nobody is actually using it in production yet but I was telling you about this company in Japan who is interested in it. We are talking to them. They have created an account. I don't exactly at what point the trial is. Somebody like them would be very interested in it. We also have some conversations going on with government agencies early conversations who are interested in this and we destroyed this out about two weeks ago so but leaders yet totally zooming out talking about the business more. Broadly you've had some large customer deployments that you've worked with worked slack and square and hubs spot and Bolat of other companies and the overall business of planet scale is around this control plane that you can sell and license. How does the control plane that you sell? Compared to what the Open Source Vitesse model contains so let me just clarify that. Slacks squid Who HAVE DONE. The guest is for open source with us. We do provide support to slack and squad sport. We don't have a relationship with and what you said is exactly right. I mean we do want to provide vitas support for any company that wants with support because we want As Open source project we as successful as possible and we adhere to help the community. But that's not how we are going to scale the company so what we have built is basically the technology that we have built is this operator which allows us to create an API on top of coordinates that allows us to databases safely in single or multiple Clusters right that is like that. We have built. We have actually taken our operator and we have made a subset of that open source we will be doing an announcement about that etc pretty soon. And it's a pretty full fledged open-source Planet scale operator that will allow you to run with us well and safely in the cluster. It just doesn't have some features related to teams and Cross Cluster Federation and so on that Anthony talked about that our planet's guilty be operator has so the operator version that we use to run our own clusters we call that panicle debut so what we are going to scale the company on is this database of service that we are running as planet scale. Db What is coming is a multiple ways to apply planets. Guilty one of them recalled. Byu Okay which is your own Kubler. Cabanas where you'll be able to create custom regions by giving us access to your one of this cluster. You could use our control Blaine. But many said the pride actual parts get stopped at CLUSTER. So that the data never leaves your GonNa Cluster. We will also cream of Finance Kennedy. Beware weekly at a separate account for you. We can associated with your billing account and rerun awarding of Db In separate For you so that. You're not in Bite Environment
These 5 Tips Will Increase Your CTR
"To another episode of Marketing School. I'm Eric Su and I'm Neil Patel and today we're GonNa talk about five tips that will increase your C. T. R. That is your click through rate. In this case we are talking about. Click the rate from I think we're talking about overall right organically and paid correct. Yes mainly organic funny enough yet. You have a lot of data on this because Click flow. But yeah we're mainly talking about organic click throughs. I've done a lot of tests on this funding using your software. You have a lot of data because you just have so many users. So why don't you go first Let's crank through five tips. That will help. People get results litter down less than thirty days. I'll make mine stupidly simple. So when you're looking at a Google search result page a lot of people whenever they're writing content. Let's say the New Year hits this year in Twenty Twenty Years Twenty Twenty. One people often forget to change the date. Now when you change a date under title from Two Thousand Nineteen Twenty twenty or just changes to the right year. Your click the rate. Actually chumps fifty to one hundred fifty percent. That's across the board based on data that we've seen with click flow so changed. It's another thing that works. Really well as vocal curiosity or allow matchy backup one more step so one thing. We didn't cover at the beginning of this podcast. Episode is the reason you want higher. Click the races. Let's say you go to Google. Do a search and a thousand other people do the same. Search that you did. If everyone clicks on the secondly instead of the first listing it tells Google the second one's more relevant and it pushes them up in the rankings over time so in theory you want more people to Click on your titan other words. You WANNA appeal them. You know him by appealing to them. And getting more clicks. It will help you rank higher than your competition over time. The air gave the first tip of adding the year at the end of your title tag. The second from me is evoked curiosity. Good example of this is like the seven benefits of green tea. Number six will shock. You put number six shock you in parentheses so doing little things like that. What we found is people like wait. What's number six? The click through Lonzo skimmed the six one and if they like it though backup read the rest of the post and then you know finish it all off but the point. I'm trying to make is voting curiosity. It is a great way to get people to click through. Yeah I think I'll give bonus tip to that one. I think it's really important for people to understand copywriting. I think Neil night we can agree. Some of the smartest people we know. The best entrepreneurs are exceptional copywriters and copywriting a part of it is persuasion and understanding what drives people understanding what people are interested in the more. You can improve at that the better so I recommend reading two books. One is called breakthrough advertising. And you can actually buy a real copy of that now. I think you pay like one hundred twenty five bucks. You combine the letters an look if you're crafty. I'm sure you can find. Pdf's for both of them. It's not that hard to find the. Pdf's leave it at that and then number three for me would be thinking about how you can do on surp- Seo's mean exactly so surp- is search engine result page and what's going on right now is. Google is occupying more and more of the clicks. Meaning that if you live on a search result page over. Fifty percent of people will not click through to your website. So what you can do is whether you're let's say you rank zero so you had the rich snippet with. Let's say you have like how to tie tie. You have like you know. Fourteen tips right there and people can see it right on the search result page. What you should be doing there is you'd be thinking about okay. How can that brand my website in there or in one of those fourteen tips? How can I entice them to click through site? Because if they don't click there. I'm losing that traffic. I can't retarget those people I can't collect the email I do a lot of different things right. So you've got to do everything in your power to not only add value but somehow brand yourself a little bit. So you're doing as much as you can to defend against Google. Taking more. And more of those clicks off number four. One thing that you can end up doing that. We're not seeing a lot of people do is using Faq Schema markup you start using Faq scheme markup on your site right and efficacy Skua Markup funny enough draws more attention to your surp- result if you're number one a lot of times you see less. Click throughs but if you're lower on the page you'll start seeing a boost in placements. You wouldn't get as many from what we've seen if you didn't have it but by having it you draw more attention in a muzy rankings up so if you're number one you do at UC less clicks but if you're lower on the page at it you'll go higher up and you'll start getting mark Lex Yup and then the final thing. I'll say this is a little more related to. Let's say you're doing facebook or Google ads. You WanNa be thinking about okay. How often are you gonna change things up so what I mean by that? So facebook for example. If you keep showing the same ad over and over and over ad fatigue is gonNA kick in very quickly. So you got to think about how you can when you're making new ads. Maybe make a whole batch of like five ten or fifteen of them and just constantly rotate them on. Maybe every two weeks every three weeks or making new batches because that's going to constantly keep your click the rate up if you're not keeping things fresh similar to how you would with. Seo and you're not aligning with the times changing the messaging and understanding what people what then ultimately you click. The rate's GonNa drop and then what's going to happen especially during paid. Your costs are going to increase because click the rate goes hired in Walden. Cpa's also higher as well right
"cpa" Discussed on Thrivetime Show | Business School without the BS
"Entering into the DOJ O of Mo Jo from top. Cpa all of the great country of Canada. Josh S- Pearl Welcome back onto the thrive time. Show how are you doing great? Thanks for having me man. We're fired up to have you on the show and just for the listeners. Who Don't know about you yet. How did you and I I meet each other just for the listeners can have a little bit of context. I found you on Google. Klay and I. We flew out and we saw conference and Tulsa there so you found us on Google and then after finding on Google you came to the conference on a scale of one to ten ten being the wet. The best one being the worst. How would you rate the conference? You intend to because you've attended quite a few conferences during your business career. Yeah I I. I like attending conference. I think it's a good way to get information but Austin problem with conferences. There's one good idea day. And you know I thought you had at least one good idea our out there in Tulsa and you could see from the kinder- eight and delivered when I got there and then after that we started working together. And how long have we work together? We work together for almost two years now. The best two years of my life. I tell you what I love it. How much have you grown over the past two years? About fifty percent girls fifty percent fifty percent growth okay. So fifty percent growth over the past two years. It's been a win win relationship and you are an expert in accounting. And now you're a Canadian CPA was the difference between being a Canadian. Cpa AND US-BASED CPI Most of the differences are tax Asian related so when it comes to the actual accounting. It's very very similar. No matter what country on the planet you're on the accounting is very similar. Taxation differs from country to country. Now you are Canada's highest rated and most reviewed CPA up there. How long have you been an accountant? I'm coming up on. Had My firm for nine years. I've been in public practice for well. Over a decade are the taxes higher up there They are now yes. Our corporate rate like our big corporations is twenty seven percent which is higher than what you guys are dealing with right now we actually have the distinction in Alberta being one of the cheapest places in North America up until about three years ago we call it the Alberta advantage so we were thirty nine percent which along top marginal rate which put us in line with you know kind of flora type of thing But you know The the liberals like take that sort of advantage away. They've taken the that away. The economy gotten better or worse up there used to have ya has gotten worse. Predictably it's amazing that the social experiment has been run over and over again in history various countries and it always ends up famers all You know people people tax the rich. They think they will will charge more more taxes on the rich but they forget that You know when you tax rich people. They didn't get rich by by accident. They GAIJIN tax planning. They become UNIM- motivated and they stop You know creating wealth and they. They moved from jurisdictions. And that's what happens in it erodes the tax base for everybody eventually is the unemployment rate higher in Canada than it is in the United States. Yes yeah I think there is Pretty good tweet. Exchange Awhile back from Team trump to Team true and he was Kinda Trolling Trudeau on the job. Back in November listeners. Get This. You've been an account for how many years? How many years have you been doing this? I been an accountant since two thousand eight to twelve years so twelve years. You've been accountant. You've been inclined for two years. You really know your craft and you are doing well in a in a socialist country would you? Would you classify as well as far as saying that? You're now in a socialist economy. It's hard to admit being in Alberta because it is very conservative based on people. Forget that that western Canada is very conservative But you know we do have a very socialistic machine at this point in time okay. So you're you're doing well and he's socialist economy because you're a diligent doer. Your candidates highest rated and most reviewed. Cpa and I'm excited for you to break down the I ten steps to buying a business and Jason Beasley with us here today and so Jason. If you have any questions for Pearl as it begins breaking down these these first ten steps to buying a business that you think our clients your clients to know. Oh feel free to interject my friend. Oh I definitely will okay here. We go josh. What is what is step number one of buying a business? We'll step number one. You WanNa get the seller to tell you you a price. I mean Chris boss the you know the former. Fbi hostage negotiator. He's he's got some great material in his book about how you can't negotiate with yourself And it's my experience that people who are looking to sell business if they can't even formulate a clear price. They're not really serious about doing deal. And at this point the person selling they have all they hold all the cards in terms of knowing anything about the business on so any offer you may not really valid offered just gets you further away from the deal And at this point if you can't get a price I would suggest as parking negotiation following up on a later date rather than you know going down that time Bortex of hypothetical discussions so again. You're saying you want to start off. You WanNa get the seller to tell you a price. Yeah I if they don't have a price of mine they're not even close to selling. What kind of words would you say? Because I think a lot of times you can get somebody to sell a company to you who wasn't thinking about selling a company to you. What kind of words? Dsm What kind of. What kind of four play do we need us? It's Kinda like you know what what would it take for? You know for me. I have gone audio of you attempting to buy business and I- Jason Are you. Have you heard this audio yet? No but I'm excited anything. This borough produces them the second. I can't wait for the next installment sale. This is this is Ron. This is our this. Is Josh Perl? Attempting to buy a business and I think I think well this is. This is this is coaching. This is an example of Josh attempting to to buy a business. And then Josh. After you hear that clip you can tell us because they might have the wrong clip. Okay let me cue it up real quick and.
Know The Law
"Today snow the law. You need you realize that you're building a bit. I mean straight out. Here she is. You're building a business. And because you can relate a lot of laws apply to that yet. It might be self proprietorships. You don't have to worry about all the limited liability corporation issue hand so on and so forth but you still keep in mind that you're going to be dealing with copyright usually going to be dealing with trademark. He was woken licensing sometimes. Sometimes you don't sometimes you need it all depends on your luxury and how exactly you're defining business. Yes you're still going to have to be dealing with libel slander issue straight up. You're going to be a lot of weirdness that you as a comic book are going to be dealing and on top of that. You're also GONNA be dealing with merchandisers. Well which means you increase Kerley different realms of areas. You probably weren't thinking of the else you're going to have to figure out tax law at least good enough to be exactly what you're doing and what deductibles apply and yeah as he's small businesses there is going to be a lot of deductibles are going to apply necessarily thinking bout for example depreciation value of your laptop or for that matter getting a new software or spending time doing weird stuff or how much you're spending on your website all of that all the sudden becomes a business deduction investment. A cool is going to help your taxes later on. The key here is unique to realize that as a small business owner. Which is what you are you. Do you have a loss? You have to learn how to follow. You're going to actually have to seek legal advice at some point in having a lawyer on retainer isn't necessarily incredibly bad idea especially you're planning on Scaling Up at some point definitely having accountant at least access to we're not just talking about going into H. R. N. saw your taxes. We're talking. You actually have access to natural talent. Somebody was an actual. Cpa issue straight up. There's a lot of weirdness to it and you need to realize that if you're not following a lot you can actually be guild on it in a lot of weird way and we're not just talking about basic season desist to if you're serious about your
Millions of businesses expected to seek Paycheck Protection Program loans
"And right now never more obvious that the federal government is eager the state governments are desperate to support this small businesses that are shuttered voluntarily at the direction of governors and the president of the United States during the virus shattered and with no a special way forward until and F. and that's the part the gene is going to help with because it is their job is also a CPA and his hearing from his customers and he's observing the scene this is real time reporting of what is happening now with the so called carers act the week past cares act has in it moving parts but one of the parts that is most profound for small businesses is the payroll protection program that's one part gin has other parts there in an ability to give money immediately to small businesses to sustain their payrolls to keep the lights on to pay the rent to get through this period of the this month and the next months to the end of June until Congress reconsiders it's a three hundred and fifty billion dollar part of the cares act and the question was always away wondering into it's a wonderful life you know Jimmy Stewart the day the right there was a run on the bank and everybody was clamoring for their money from the savings and loan is that where we are getting a very good evening to you all right we've had our moment we are now inside of the it's a wonderful life how we doing Jane good evening to yeah we are the headline news are we this week John Deere and the fact that we talk about small business and so let's just let's let's just back up a little bit and and talk about the terror attack in the payroll protection a paycheck protection program just as a reminder to you and you know if you're listening right now this is part of the day cares act and what it what it allows is it allows businesses to receive loans from banks up to ten million dollars although there's a formula that just got it that based on your table that that dictates how much you can get and what is special about these loans is that at the end of an eight week period ending June thirtieth or somewhere in that range between February fifteenth and June thirtieth for an eight week period when
"cpa" Discussed on News 96.5 WDBO
"Federal government money but there's a new development with it today you now don't even have to file your return till July fifteenth in a tortured decision earlier this week that was not going to work the fed said Hey you don't have to pay your tax bill that you till July fifteenth there will be no interest and no penalties but you have to file your return by April fifteenth tax preparers were so upset they couldn't stand it if you know how tax preparation works they work in very close quarters and this was creating great health risk to people who do tax work and for reasons I'm not quite sure about a lot of tax preparers who are enrolled agents for CPA's to do taxes tend to be older workers and so they are more health vulnerable and so the feds came to their senses and now April fifteenth this year is July fifteenth both for allowing tax and for submitting your tax return however if you are owed a refund don't wait if you prepare your own taxes doing tax prep software or whatever go ahead and file your return roughly seventy million people have done so already and you want to join them and get a refund is quickly as you can and if you.
Johann Sebastian Bach 2: The Sons of Johann Sebastian Bach
"Johann. Sebastian Bach was the greatest member of a musical dynasty beginning in sixteenth century Germany. Three Hundred Years. Worth of box held jobs as town. Musicians organist and choir directors Johann Sebastian's. Father was a musician. His grandfather was a musician and his great grandfather was a musician. All the male members of the family were trained by their fathers uncles and older brothers to carry on the tradition. That's by no handsome. Asean box Uncle Johann Michio or John. Michael Bah his daughter. Maria Barbara Married Johann Sebastian. Who was her second cousin? I guess that made her Maria. Barbara Bach. Pa IN GERMAN WORD MEANS STREAM BUT JOHANN. Sebastian produced a whole ocean of box. He and Maria Barbara had seven kids when Maria Barbara Died Balk married. A singer named Anna Magdalena and had thirteen more children twenty in all J S. That's short for Johann. Sebastian Bach expected his sons to follow in his footsteps and several of them became well known composers. Box oldest son bill him. Freedom on or W. F. Baugh worked mostly as an organist. He never quite lived up to everybody's great expectations even though he wrote some Nice music the fifth child the third son of J S Baugh was Carl Philipp Emanuel Norse EP. Aw He was very successful. Cpi box spent years working for the flute. Playing King of Prussia. Frederick Great Frederick. The great never went anywhere without his flute. Not even into battle so. Cpa Bach wrote a lot of music both CPI and W. F. were sons of J s Bach's first wife Maria Barbara Anna Magdalena Baw. Second wife was the mother of his youngest son. Johann Christian J C Bach was the most radical member of the clan for starters. He left Germany and went to study and work in Italy in order to get a job at the cathedral in Milan Italy. This Bach did something. Nobody had done before he changed. Religion converting from Lutheran Catholic and J C Bach. Did something else. His father had never done. He wrote operas after Italy. He moved to one of the hottest cities in Europe for Italian opera and became known as the London Bach. That's right people in London. England were crazy about Italian opera even or especially if it was written by Germans. There's a man named Peter Shakily who claims to know about yet another box son P Q. According to Peter Shakily until he discovered P Q. No one wanted to admit that he existed. Peterson says that's because PD Q. Box Stole Music from other composers and came up with things so outrageous that they make people laugh because it makes people laugh. Peter Shakily keeps right on composing. I mean discovering music Cuba that's from PD Q. Bach piece called Kanaya in Brooklyn. That's written for Double Reeds. When a COMPOSER SAYS MUSIC IS FOR DOUBLE REEDS? He means oboe. Zampa Soons instruments that have double reeds sticking out of the top of them. Blowing into the reads is what makes the instruments sound but PD. Cuba wrote for double reeds without Hobos and bassoon. Attached the words pretty funny to watch it to us to be home you know moves run grounding knows
Lorenzo RiccardiMarrying Economics And Travel
"Lorenzo. I am excited to be sitting down with you in person in Bangkok in. I'm hoping you can introduce yourself. Thank y'all Rica Or so Epa to to Meteo Let's say we've been touched for for quite long diamond. A as we know people who travel frequently They have difficulties in meeting in a specific place. We let's stay in touch online Nathan media but Yeah good that we coordinate today. A brief introduction about myself I'm Tanya so Batna close to a million beautiful town that is Bergamo medieval down UNESCO site I decide that the two moved to China actually for eighteen years ago Let's say to get it in Italy. I started economics. Business Administration. I let's say qualified as a CPA. That means chartered accountant ODA Tax and Finance Professional. I decided to move to Shanghai. I actually Beijing studying Again economics at the University of International Business Economics Shanghai for a long period because I already spent fourteen years Actually doing what I was doing also in Italy so working as a CPA as tax and accounting professional. I the photo quite large low in tax firm and an recently actually during the last nine years so with my own firm with my own team with the. Let's say lawyer. Subsidies accountants financial advisers and maniacs sees the foreign groups investing in the forest specifically In in China and Let's say Shanghai area even more than other regions provinces or areas of of China. Of course. I'm a patient traveler. I travel at the. Let's say too many countries before moving to China and I decided Wena was based in Shanghai to to travel to every country. Not a decision of one day but Let's say traveling traveling and Let's see increasing your experience and expertise in traveling. I decided yet traveler more and more under in order already today I can say that. I traveled to every sovereign nation. One hundred ninety eight said. He contrasts having visited the. Let's say three hundred interbay gone on the third of January twenty twenty excellent Orange L. Let's go back in time. Take me to your UNESCO World Heritage City outside of Milano. And what was your family lake in other words from a perspective of travel. Were you guys homebound where you traipsing through Europe where you venturing outside of your? What was your travel? Dna? I can say I can say that With my with my father we traveled to Europe. And my father always encouraged made to to travel. And that yeah. I always remember Let's say he always recommended a certain level of education that means university glass probably so fully traveling university where exactly the same level off. Let's say education importance for the. Let's say personal life and career and is I think is a is a valued at Dieppe understood from my father probably also based on his business traveling because it was a manager in Indian shadow of a company Italian group in engineering and Manufacturing Electric In in different countries is a he always been basically neatly but he had chance to say short business trips in in many countries and every time he came back from a business trip Let's say transfer to to me is passion is interested. Let's say the venue that he understood from this experience in in addition to that your father this great opportunity to of travelling throughout Europe. Were you at times accompanying him on. Some of these strips are what were your travels like with your family going up. Let's say Miami Miami's the Travis with my family where typically some of occasions saw the let's say and Few countries of course France and few countries close to Italy so I cannot describe Let's say so many trips to remote or exotic location definitely Let's say what I remember is these? Let's say generally Comment on the importance of traveling that I received from my father and I think this was something important ores in his business career. Okay so we have to think your father partly for your passion of travel with him sharing those stories as he traveled throughout Europe. And then you also shared with us. Before he moved to China. You started to do a lot of travel on your own. So what was kind of that first independent trip? You took on your own while living in Italy when you started to spread your wings. What was that like? Let's say the first Solo travel that I did I think was to Turkey was to Eastham born and I really remember crossing Bosphorus Bridge. It is I think an important moment because I remember just these Let's say symbolic crossing between two continents Asia and Europe and for me was relevant. I felt the first time. Let's say far from my hometown and I think from that moment. I always searching other experience where I could feel the same kind of expedience and today. I think like most of people travelling so much I can say that the I never feel far from home because I feel at home everywhere. But that was Let's say unexperienced that that I remember and I can. I can manage Let's say probably the first trip out of Europe was to the United States was again. Ah Summer School. My father is encouraged me to study English in UK or the US. The time was in California in the first three of let's say Western countries sent was to Was to China was to Thailand in China. Okay so going back to the US coming from Italy and you're studying English Kelly. I'm not sure how old you were at that. Point Young Western Europe. Us pretty similar overall but as a younger guy were you kind of noticing any cultural differences or nuances. Anything funny or interesting. Stick out to you when you were standing in California. Let's say what I can say that. What ty note is. Is that Americans they have limited the understanding or knowledge about Europe and about my country and about the place I come from but this is not a comment specifically on Americans. This is something related to let's say or Muslim countries and definitely all Western countries because people from Italy they have limited understanding of the Far East of China of severed countries and not understanding of the fifty four African countries. So Yeah my first the. Let's say tree out of FUTA PA. Let's say teaching needed even in the Western world even in the top economy in the in the most developed country. We don't have a clear understanding or a complete knowledge of geography and about. Let's say the word
Joe Biden endorsed by South Carolina Rep. Jim Clyburn
"Knows us the congressman. Jim Clyburn endorsing vice president. Joe Biden for the Democratic presidential nomination in Charleston South Carolina on Wednesday. Well if Biden does win in South Carolina and if he does win big what happens next it will mean that Pete but a judge has a victory under his belt Bernie Sanders to and the Biden has one now it will then all turn to Super Tuesday thirteen states and two territories for the Democrats. Vote on that. Today and Super Tuesday hasn't come as quickly hot off the heels of you like off the South Carolina primary in recent memory. So if Joe Biden does win big does that give him time to really secure a long lasting bounce in the minds of the voters who will be heading to the polls on CPA cheesed I? If she cheese day does become a rather split pattern for example so a few states going to Bernie Sanders a few to Joe Biden. A few almost certainly you'd expect to Michael Bloomberg the former New York City man who essentially staked his campaign on television advertising in those states. He has plied vast sums of money into those states since he announced his candidacy back in November. If it is split then we have a miniature Super Tuesday the following week and Pete Buttigieg campaign believes that if he can survive see day and go onto the next to the following cheese day that there are many states there who were far more favorable to him and that might give him a chance of prolonging his campaign. If Joe Biden spines doesn't last into CPA cheese day and Bernie Sanders for example. Repeat successes in New Hampshire and in Nevada. Then perhaps this rates might start winding down a little more quickly than the other candidates still in the race would like it's worth noting that Elizabeth Warren the senator from Massachusetts. Who was asked whether she will take her fight all the way to the convention. This coming summer that is when a Democratic presidential nominee will be formally inaugurated and anointed. If you like then she said yes. Now that is not what the Democratic Party establishment wants to hear. They want to get this race done dusted. I think it's fair to say so that they can focus their energies on creating a compelling narrative a compelling alternative to President Donald Trump by the time. Election Day rolls around in November. So I would expect that the results from South Carolina tomorrow far for making the picture a simpler for the Democrats make it anymore. Complicated as their campaign swing into action for the huge number of states that vote next Tuesday on Super
NFL 2020 Free Agency Predictions
"This is my favorite time of year I like to refer to it as camper time in the NFL as free agencies get ready to start here in a little less than a month and that this kind of stuff happens at the combine doesn't it a little bit yeah and and first of all one nice thing about the profession that I have is you know I can't say Hey I'm busy and then like you can turn on the TV and I got a phone line or not this is nice you got to tune in to get out he actually it's but anyway you know this year just because of the way the schedule is two weeks between when free agency begins in and won the combine is you may actually see less tampering than than ever before just because there's there's a camper window and there's a lot of time to to get things done I mean there's there's definitely a possibility that teams leave here without really having a great sense with the free agent market is and without really having a great sense of where guys are going and then it should be two weeks of scrounging around and ensure trying to get the info and you know some of the other stuff that we live in our jobs in I've been intrigued by this NFL collective bargaining agreement that's been going on between the players and the owners one of the things that I'm really intrigued in is the movement from Tuesday to Thursday for a franchise in transitional tags yeah I did that happen mainly they're just not gonna be enough time I mean there is a possibility tomorrow that there's a new CBA there's also a possibility that there's no new CBA and teams are going to have the ability to franchise and transition players and that landscape changes dramatically I mean you have teams like you know the Tennessee Titans which could lose one of their top players in you know either Ryan Tannehill R. Derrick Henry you have the cowboys who could franchise or transition you know teams can use both if there's no new CDA if there is an issue BA they can only use one that's dramatic so I think they they just wanted to give teams time to really find out their options figure out what they're going to do if we get any CPA which is no guarantee we get sold sold your timing on this is within the next twenty four hours or so because it's possible yeah so so that's it that's it that's interesting because when you look at all the deals that are out there you would think that the owners will go ahead and secure the gods they want right now rather than wait to find out what's going to happen the collective bargaining agreement yeah but the problem is you have agents who know that the salary cap might go up I mean it's not going to be a lot but it also goes up five million dollars if you're dak Prescott don't you go or you know whoever Amari Cooper whoever that is a little more that like if you're planning on making a guy salary act and the salary cap goes up to five and five you know five million dollars a year then the player should be given more right so I think what you're seeing now is everyone's in a little bit of a standstill because no one knows what the actual landscape it is and it's not a place where in a lot because in the NFL everyone planned so meticulously but because of the CBA landscape that's exactly what's happening right now I even if you were a fly on the wall during our show on Friday we had a ton of discussions about this this new collective bargaining agreement that is going to be voted on by the the full arsenal of players and and big al was the the team representative for the NFL PA for eight of his nine years in the league it is very much bothered by the fact that the the team representatives were nods able to vote first before they went to the full legal why did they skip that part of the process we which part of the process because well what what we put out their own nothing Friday is that they're going to the plaza sociais Asian is going to bypass the the player reps and go right to the players and now we found out that it's going to be a simple majority from the player's association player reps and then they'll decide whether or not they take it over to the players it's just it feels like that it's been shut down to players the approach right now yeah I need it don't delay it's going to be now is there's so we we've seen the executive committee which actually negotiated the deal that both against it right and I'm kind of way in which crazy balancing them kind of way and and then the only change now is they're going to do a vote of the NFL P. A. player wraps but they don't need a two thirds vote now they only need a simple majority to pass it on to the entire group of players that's been a small ship but it might actually you know actually get a deal done yeah the two thirds of the player reps no recommended then they make their official recommendation to the players to ratify it that's really the only difference so it is actually going to the rap's first before the entire body of players take in do you think that there was a chance that what the executive committee voted on and discussed during their meeting with the NFL owners and that's a that's a board of eleven players so there's no ties is always a tie breaker okay voted against it do you think that that seventeen game was added at the last moment in the twelfth hour all now that's what's interesting in every single negotiation not the executive committee has had with the NFL owners has included a seventeen game every single one every single every single offer back and forth has been based around the seventeenth game that's what's that's what's just crazy about the executive committee coming out against it is they've known that every day getting a C. B. A. don was predicated under adding a game and of course getting a lot more money for the players what they want there was some information out there that was released I think over the weekend that the seventeenth game is gonna be played for two hundred fifty thousand dollars cap yeah is there any truth to that it's kind of true so it you know I. as in everything else trying it really depends on how you look at so you know for most of the players you know eighty percent of the players they're gonna get properly compensated for adding a seventeen they'll get a a raise in their game check basically the get an additional game check for the players who make now for the players who make a significant amount more you know J. J. watt of the world for instance they will not get any more than twenty fifty thousand dollars for that seventeen game alone but obviously there's signing bonuses roster bonuses and all sorts of different ways to change salaries so it only applies to the game check so yes it's true but it affects an unbelievably few amount of players yeah it where there's a will there's a way to get these guys paid but you know we talked about it would you just kind of popped over that kind of speed bump over that because if you take away twenty percent of the top twenty percent of the NFL are we talking about the XFL now we're talking about the base of Reuters minimum guys rookies except you know kind of players
1099 vs. W2 Employee: How Are They Different?
"News do you receive a W. two or ten ninety nine which means independent contractor employers need to know the difference it's very important to make sure that you are classifying your workers correctly since miss classification can result in costly financial penalties CPA Dan Gail Trude managing partner at cal truth in company if you are found to have misclassified employees as independent contractors you will likely have to repay all of those taxes and benefits that you weren't paying for before independent
"cpa" Discussed on The Thriving Dentist Show with Gary Takacs
"Pretty large accounting component of the law but one of the things I remember that learned early on was that sometimes we actually make the mistake of playing the wrong game for example a dentist might be driven to pay nothing in taxes. You know their goal might be paid as little as possible in tax. Bob seem like a noble goal. I would suggest that for most people that's probably the wrong game. Would you agree with that and I totally agree and that's it's ass. Sometimes I have to sometimes my role is just to remind him of that. sometimes. I'll have a dot com in who's been let's say at one hundred thousand dollars a year for three or four years ears and their complaints just change or their their struggles change instead of. I'm having trouble paying the student loan every month or house not really a Bayer. You know I'm really having trouble with this now the issues those are no longer a concern because they're making more money. It's not a problem now. It's the taxes and I'll remind remember what we were talking talking about a couple of years ago. We were struggling to pay the bills now. you know this is this is a champagne problem so it's still a problem and you know we need to that need to make sure that everybody's prepared but it sure beats grinding struggling and and really. I might suggest that the better game to play is legitimate tax planning that enhances your net worth my my using the right terms there yes especially since at sunset exists that's. That's something that you can do that out. There and you can play the game the right way and accomplish both you know Robbie. I had the chance to work with many clients over the years who have successfully retired and it's pretty cool to see what their pension plan. It can be worth you know by just regular contributions and discipline it can be a very very very significant part of their net worth and you mentioned that earlier in in tax planning and I sort of want to amplify that a little bit I'd encourage as well especially if they can start early so so teaching teaching students fourth year students. That's one of the areas that we emphasizes You can't get back time in the investment. Ah Formula as the one thing that you can't change you. Can you can put more money in you can hopefully are at a higher rate if you take some more risk but you can't ever get that time so starting early getting used to that habit even if it's not. I'm not maxing out my 401k right when I start but I'm used to five hundred dollars coming out of every paycheck check and then when it's time to bump it up two thousand when it's time to bump it up even higher. I'm used to that money not not getting into my account and Lord knows Gary. If if it gets into your account a lot of times can disappear right that Arab. I know that first of all you did an amazing job of marching through a whole lot of details in about forty five five minutes I didn't. I wasn't sure we could do this. You did an amazing job. I I suspect our listeners may want to reach out to you. Would you be kind enough to provide your your website address if you would absolutely our website is. AG DENTAL CPA's DOT COM and my email L. addresses are apple at Apple Garin G. U. E. R. I N. DOT COM so I had to put both of those in the show notes and you primarily work with clients in your part of the country although you have your your clients are fairly spread out I would certainly inviting her listeners to reach out to you or a reach out to a member another member of the eighty. CPA firm if you would like to work with with an eighty PCP firm that's in your locality I I just really appreciate the work that you guys do and the expertise that you have and the work that the academy does to really excel in the world of accounting council and services for for dental professionals.
"cpa" Discussed on The Thriving Dentist Show with Gary Takacs
"I love Dentistry facebook group of from thriving Dennis. Show and we'll let you in that group is a good way to stay connected with US between episodes and now here is that interview with Robbie Apple. I mentioned in the intro that my guest is my friend Robbie Apple. Hey Robby how're you gary do great and we're GonNa talk about a topic that should be of keen interest to all of our listeners which is some year end tax planning and specifically some legitimate ways the dentist can reduce their tax bill and I couldn't think of anyone more qualified to have you on the podcast then you Robbie well. Thank you very honored to be here and you know for those of you that are new to the thriving Dennis. Show and you're thinking oh no a whole podcast on a tax planning I've got a treat for you. Robbie is is one of those rare in individuals can actually make this topic extremely interesting so robby pressures on but I think that you would accept that compliment is that correct challenge accepted. Let's say we can do now. You have a very cool way of explaining these things in a way that is not only informational but extremely interesting so hey let me credential you first so if if we have new listeners to the show and they're they're hearing your name for the first time I wanNA make sure they know who you are first of all Robbie's firm in Baton Rouge Louisiana Ag Dental CPA's and advisors here's is one of the members of the American the Academy of Dental CPA's the academy of Dental CPA's V8's ADCP. is a group of. I believe it's thirty firms. Do I have that number twenty four. We had a couple of consolidations so so it's a it's a it's an association of twenty four firms around the country that are extremely experienced in working with dentists as clients and I really respect your specialization Ravi because that specialization allows you to give extremely eh accurate information because you know the industry so well you know our profession so well the CPA is a group that I am extremely fond of and it's cool that your firm is the only firm Louisiana. I believe that's an ADCP VP members at correct. That's correct. I'm the as a group we represent over nine thousand Danish nationally so pretty large sample size to clue Louis on trends and see what's Kinda hip in new and the industry you know as I can further credential you you have ten. CPA's on staff as well as fourteen staff you work with dentists throughout the southeast and understand you also do some teaching at Lsu dental school in New Orleans so you're helping dentists in the early stages of their career. understand the importance of accounting tax planning. That's correct one of my partners Garin partnered with a local dentist who teaches a four part class to you. The De Force in New Orleans called professional development and we try to give give him kind of a light intra. We're going to go a little deeper today than I do with the students but a little light intro to business just so they don't get hit in the face with it when they get out they at least had heard some of these as Tom. Jerry knows some people come to right after graduation very cool well obviously a doctor says you put together your team of of Advisors it's extremely important to have an accounting firm as part of that team and I highly recommend that you seek out a firm that's a member of the AD CPA Robbie. I'M GONNA go ahead put in the show notes a link to the ADCP a website and I want to invite all of our listeners to jump on that website nine become familiar with some of the firms and you'll find one. That's near you somewhere in the country. and I just think you could not get better council than from from an accounting firm this a member of the I have the the highest regard on the highest respect for your for your member so I'll put Lincoln the shows thank you for that great people all over the country very geographically diverse and just the best in in their specific area. I want to start by sort of kind of a question. That'll kinda help. Our listeners understand where they stand. before we kinda get into a lot of the the details. I want to start with kind adver brought overview question and that is Robbie. How do Dennis compare to others nationally as far as taxes paid well we we don't have any specific gentle stats the IRS is very slow to get out these numbers and sometimes people question them but the most recent numbers we have avalon two thousand sixteen filing season. We're still filing extensions for twenty eighteen as we record and the top three percent of earners was anyone who earned more within two hundred fifty three thousand dollars twenty sixteen and that group paid more than half of all individual income tax in the United States to to get even worse the top one percent which was anyone over four hundred eighty thousand dollars is in a group that paid thirty nine percent of all individual income attacks in the United States for me when I read those numbers. I'm Kinda startled by how low they are doesn't mean that these people aren't earning a healthy living but those numbers are not Warren Buffett making twenty million dollars a year paying having more money than they know what to do with so I think it's important Gordon to notice that as successful Dennis you're gonNA hopefully be in these income. Ranges and taxes are are just GonNa Kinda part of your life and you'll be paying significant money honey and taxes our goal. Is We want to reduce that as much as possible. while still kind of improving your personal balance sheet whether that be retirement accounts real estate state invest in a number of different things tax efficient way but you will be paying significant money to accidentally for me on that information is that successful dentists are going to be paying a significant amount of money in taxes and the goal should be to a legitimately reduce that as much his possible whiling improving your net worth and your balance sheet you bet for most for most. Everyone is the biggest expense in their life. So of course it would be wise is to try to try to reduce that so as we start to kind of frame this for for our listeners what is tax planning Robbie if we look at the broad topic of tax planning that's a great question Gary so I actually did some googling on my own. I know how I got a defined it but I want to grab a couple of definitions off the web and see which ones ones I like. The one that I grabbed was to arrange your financial affairs so you ultimately end up owing as little tax as possible. I thought that was pretty good pretty pretty good pretty good expanding on that a little bit this was another portion from another website considerations include timing of income size and timing of purchases. Mrs and planning for other expenditures so how I would define it is on that that first bullet to arrange your financial pharisee ultimately ended up owing his little tax as possible but I would also add over a multi year period It's relatively easy to look at one year and say how can I reduce taxes. Is this year. It's a little harder and more beneficial with all good difficult things. There's a better food at the end of it to look at it over a two three. Maybe even five year span and say how can I reduce my act with this entire period of time not just looking at the current year you one of the things I notice especially among younger dentists is the common situation is that they they literally go from being a a poor dental student to instantly you know making a six digit income from dental school and that's sort of like going from zero to one hundred pretty quick right so coaches pitch to the major league right that's right and we kind of business part of what we talk about in our class is we talked about the top three percent of earners and if you have a working spouse or Lord knows dental students Mary each other. If you both graduate and start working then you're immediately in the top three percent within a year it's crazy so you wanna make sure you kind of got some training wheels heels on for those first couple of years with some good guidance yeah yeah. I like that that a lot and and so with the definition of what is tax plan this kind of approach it from the reverse aspect what is not tax planning. That might be an even better question. tax prep is much different than tax planning so a lot of people will kind of bring us the This is not the ideal situation. We try not to have this happen with our clients but inevitably. We still have some that we do. This is for that kind of the classic bring a Shoebox or receipts. We put everything together at the end of the year to see how they're you're actually shaped up and we're doing this in February march march April for the previous year and at this point there's very few options as to what we can do to help historian at that point a great way to put it great way to play the best analogy I could come up with for a dentist is if you if you're a patient that has a week tooth and you go see a dentist before that tooth cracks. You've got a lot more options right. once the tooth has cracked we can still get you out of pain than give you a functional tooth but the options are more limited and probably probably cost you more money. You've shared with me a phrase that has sort of stuck in my mind and that is tax preparation is very different than tax planning very different and both are important good tax planning leads to effective tax preparation as really gotta be good follow through all the way another tax not tax planning thing is that you'll hear a lot you know at the barbershop or the Mall Solar Stew you know parent parties is Anita spend this money so I'll save taxes within a business sometimes that's true but I wouldn't consider that tax planning running on one of my favorite things. Tell especially these young dentists. I'll tell them to consider any tax. Deductible item like thirty to forty percents off sale so so if you still will go into a store and buy that item thirty to forty percent off then you buy it and if thirty to forty percents off doesn't mean that you would buy then you keep you keep that sixty seventy percent and give uncle sam his piece so reckless spending is not attacks brand. Let's talk about some of the the factors involved in tax planning because there's many but I'd like to have our listeners kind of get their arms around some of the factors that are involved in tax planning sure so so a lot of them are really what qualitative factors and these are kind of individual dependent. So what is your filing status for example. If I was single in twenty s actually this applies to me if I was single in two thousand eighteen and I'm married in twenty nineteen. That's GonNa Change my tax planning. If I have a working spouse. That's going to change that. If I have children independence that could change things what what my age is the government gives them increase increases in deductions when when people are senior citizens there's other thresholds at met based on age so your age can be up a qualitative factor that makes makes a difference and I call it known future changes if I know that in another year perhaps my spouse is still in school and I know in another year he or she is going to be working. I know that I have a big raise around the corner anything of qualitative like that that will change your situation as something that your CPA should know about and it will affect your plan I met with a with a client last week and he said my wife is pregnant and I said well how pregnant issue any such as Jesus about six six months I said well. Do you think she'll have the baby before the end of the year. He said I'm very confident outside why that she's scheduled scheduled for a C..
"cpa" Discussed on Newsradio 970 WFLA
"We do so many different things to help you your complete planning is our mission to reduce your taxes is what we focus on we take a tax approach in everything we do if you currently visor you CPA's not talking about taxes and I want to think about looking at other options I'll tell you why because our biggest expense is taxes in the future it's going to be even worse so make sure you have a tax plan pick up the phone schedule time to meet with us eight one three nine zero nine zero zero two two or toll free eight three three Maggie tax okay so check it out how many people out there make mistakes everyday Chris a lot of people do we all make mistakes mistakes of course yeah my son is perfect what can I I'm just kidding I'm just kidding no there is what we talk about it let's talk about the seven deadly sins of retirement probably affects every single one of you because they've popped up in religion in music and movies but I'll bet that you never thought of them in terms of retirement planning and that's exactly what readers digested they had an article the seven deadly sins of retirement planning so we're gonna talk through each one of the first edition of retirement planning is envy and it's easy to understand and we wanna neighbor buys a new car a takes a lavish vacation yeah we all look at that you know so envy can also factor in when talking about investments there's a story of millions of dollars made by some crypto currency speculator with the guy who invested in apple before the iPhone so envying someone else's big score in the market contrived dangerous investment decisions and Chris this is the problem when we look at people come in I don't know what half of them even understand what they have well the hears about apple and all the other things Netflix and Facebook but that's not every investor is it no it's not and that's why many people just going to just make wrong decisions based on trying to take a big leap and try to jump so quick to find the features like the gonna hit big you know in these people who made these decisions you know pretty much won the lottery you know you don't see people who win the lottery every day so the fact of the matter is is it's in this be real so envy you know some is it dangerous for time mistake that many people make and that's just one another one of the seven deadly sins is RAF and understandably return planning doesn't seem to be a natural fit with our perceptions of wrath you know one place that rafting come into play is when you leave a job you're resigning is anger you know it's been immortalized in music movies and other popular culture from C. Jerry McGuire asking you know who's coming with me to the colorful lyrics of Johnny paycheck you know leaving a job without planning can have a negative consequence on your retirement goals your savings could be trained over time time you know if a job search lingers we've seen that many many times with people on clients that we've met with insurance costs could be cost prohibited without the employer contributions we've seen this with health insurance you know you might find that you're stuck with long term financial consequences that are more impactful than the emotional lift of resigning in wrath so that's why it's so important to me with the right adviser you know these just to RAF and envy that are so important that many people make this mistake and greed seem more likely to impact retirement planning it's not uncommon for investors to want to change the best returns possible we talked about that and there's always a new technology or hot stock tip but be careful not to upset your portfolio trying to hit that home run we see that many times so many investors it may be safer to build a strategy designed to sustain wealth will grow it moderately we're talking about Maggie plan here safe safe investments sloths may be adorable but laziness is hardly cute sloth S. L. O. T. H. is the deadly sin that represents laziness laziness can impact retirement because it might prevent the plane from existing and that's your fault because you know that's something you have to do so the best time to start planning is today not tomorrow and remember what Benjamin Franklin said if you fail to plan you are planning to fail and that's just say you know talk about laziness you know people listening today you're out there you know you do.
"cpa" Discussed on The Thriving Dentist Show with Gary Takacs
"Management. And I said what is that? This is a dental management company financial management for Dennis. So I took the job because I wanted to go a different route. And I started out in nineteen Eighty-four with I think one and a half employees, we call it, and we built the business, and I started lecturing around the country with Dr Jim the late Dr Jim pride who is one of my inspirations. And Dr Phil whitener. And the both of us. We started going around the country and lecturing and we built our business and fast forward to nineteen eighty nine. I kind of liked the product so much like, Victor, I in the Remington shaver. I bought the company and in nineteen ninety became Wieder, men and associates ran it as a dental CPA firm for many years. In two thousand fourteen my dear dear friend, Pamela Chamberlain became my partner, and it became Wedeman and Chamberlain and last year. I merged my CPA firm with the larger firm here in Tustin, California. Which is a in Orange County about fifteen minutes from Disneyland. And now, I'm a partner in run the dental division at H, W, C CPA's and business advisor. So we work with about two hundred and fifty to three hundred dentists and our group we do taxes, accounting, financial, planning marriage counseling therapy, whatever we have to do. That's what we do. Wonderful. Thanks for that background. I want to add to a little bit. If I could. And that is that you were one of of the individuals that was instrumental in founding the AD CPA. And they're a group that I am very passionate about would you talk a little bit about the ADCP. I glad to Gary I got a phone call from my friend can't Rubin and San Diego who's also a dental CPA right around August of or September of two thousand and one. And he said, you know, art, we're all gonna meet there's a bunch of us are gonna meet in Phoenix. And we're gonna talk about forming a group of CPA's that work only with Dennis. And I said, well, I got nothing better to do that day. So I flew to Phoenix and nine of us in a room nine dentals Pacific CPA's got together. And we basically formed the academy of dental CPA's, and the group has evolved over eighteen years. Our president is Allen shift in Baltimore, Maryland. We're twenty four CPA firms across the United States that represent over nine thousand dentists, and I'll tell you you get you'd think you get twenty four CPA's in Romans. We're gonna fall asleep the paint gonna watch paint dry. These are fun engaging people. They made me the be in charge of their talent show on your that was frightening. But we're at the cutting edge. We're we're we're talking to all people like you and all the the people in dentistry, and these men and women no the numbers of dental practice and know about financial management and tax law for dentists like no other group that I've ever met, and they are just amazing amazing people..
"cpa" Discussed on The Cycling Podcast
"We, they jn association to give us dominion of the for the were there either decided to getting out from the and we never received the meaning of that that awesome. We also have main badgen writer even leader during fourth leader working and when they have problem. So any any case CD prizes of any. Any kind the contractors and be contacted even before when they had a vision cessation. So maybe before we see that. Dutch deduction debate in Massachusetts decided to leave the, we should know a little bit more behind their decision. I mean, finally, Laura, the other thing that David Miller says, I don't know if this is true or not, but he he says that he thinks the CPA writers fund is, is is not in good health. I mean is that is true that the rumor that you know the funds are are not in great health or is incorrect. Shame. I, I wonder how that it can. No, these kind of things. He never clean to other meetings. He never participated. As I said time, we saw him was in January two thousand seventeen. And once again toward that, they was in April two thousand sixteen, so we only got it twice. You will too busy with his personal business and have the time to call but decide that the funded has a problem. Yes, that the funds percents that you're gonna is there shoot. From the prizemoney to phones of these rider. Sunday hasn't been enough to pay all the requested from the riders, Wendy Sheesh, their careers. There have been more either in the last tears asking for this phone and we depend too was put in place. The origin doesn't. I mean it doesn't allow a dismal into to pay effectively older either. I mean, the money in sixty seven key riders us are key for the punk percent that befriend the can count on would not be enough to pay all the requests. But first of all, these was something that came out owning the last year because at the beginning it was in the many writers are keep for the fund. Second, we only speak all the riders. New riders had ever complained because lead in received the money and we use for the for this point Damani of city. So basically we will. We make sure that the riders had what the. Even if depan the money to support or request. One of the reason why also the had to borrow some money to the is because many are denies you're in the next year. The in time gives five percents to fund. We try, we recalled the retry the in many ways to make his organizer spe some of them, China too key. I mean, countries that don't respond, don't take action when you constant to do. So we yes, to be many times to the UCI to help us in connecting all the credits of the fund toward is organizers and the work place. But the UCI tell it was the neighbor to take what we want. Two from your gone either. So. All the story that turned is managed in not transparent way or the fund. We have doing things with the money of the fund is abortion, and there is another point we have worked very hard on the new Persian money management, the price money management. He's been that will take place since two thousand nineteen is important, not only for the money, but most of the payment of the of the fund. Finally, with these digital junk firm and would be system, would your Nuys, the will also the five percent to the tradition fund to medically without Belay and in terms of intoi. I can put gust supported by science books kissed goodbye to stomach problems with the welts fast, truly isotopic gel science boot. Go energy isotopic before you hit the wool hit back flight instance, both feud by science science sport for their support of the cycling podcast. Usually at this point we give the twenty five percent discount cooled off the rest of this month..
"cpa" Discussed on The Cycling Podcast
"Fakes we have those two groups and the psyche lines makes sense being spoken of with men as well. But for us, I see as being realistic option, we need to fix this EPA because the CPA has the joint screen with AGIP. It has the affiliation, the recognition, the and there's a two huge things and those sort of thing you want to just ignore in and step away from and it would take many years to renegotiate those. And and so I think the the realistic pragmatic and be honest with you, the best option is to get the CPA can properly that are nine hundred just under a thousand. So two writers. If we're unified, the world turned pro continental numbers. That's one thousand riders and the moments. Well, over five hundred of those. Don't vote well, they do votes, but they'd have to turn to the world's and that's simply not going to happen. So I think my biggest in these first weeks, if you like of this kind of campaign is to educate people educated peleton Patato months. Even aware of this system is taken weeks for for me to extract it from the CPA what the voting system is because they've never had to apply it is just being internal discussions and agreements between the the presidents of the the affiliated nations, and they come to the deal. And I don't even think they do a proper vote to their writers. They represent, they might speak to a few of them and that's it. So that's not democratic. And that has to change and they simply has to change. I've had quite a lot of good conversations. I did this and after I informed a lot of more Janney Puna. Who than whites to two weeks. Two more actually because Janney went spoke. Some wasn't show she whether he would run when he lends my kind of the seat and then took in two weeks to to decide, and then they informs the committee without informing me first so ready. That was a bit of a grey area how that was handled. But in that time in two weeks, I did reach out to a lot of rights and the the the response has been positive. So that's been reassuring. Obviously, if it hadn't been overwhelming positive had to rethink my kind of the, you know what I think is much of that support comes from the facts. I represent change and and willing to put my neck on the line to to educate the peleton and media of what's going on and to try and force change. So I think you know, I represents as much as anything else. The first one is. Treating the right is as true members of their union. And that is the one writer, one vote and then creating within that official roles in the peleton a rightist congress of sorts where you have a writer within each team who represents their voice to the CPA and also creating. I think we going back to the fundamentals beyond the that sort of longer term. It is crazy types transparency into the Bank accounts. This independent audit, this reset of everything that's happened to date, then renegotiation once we've done that and hopefully one over the writers for sets by Creighton's one right to one votes is to discuss with them. The option of either be able to raise the country should price money to raise the funding CPA receives in order to recruit small professional staff to increase the the is capabilities. But then also it's increase the the solidarity fund on the payouts. It would also be to talk with corporate sponsorship to look at trying to get insurance policies, the cover the whole pellets onto look at getting supports for Rytas any joined the career. But in the transition after that creates to let for the real world because we have nothing in place to help writers when they finished by crossing, should we be looking at crates educational programs, even looking into mental health issues?.
"cpa" Discussed on The Cycling Podcast
"The moments is CPA that's represents the writers and the right is betting on the CPA exists. The amounts of writers I spoken to and especially young writers who have no idea what Jenny, but even looks like in most of the CPA correspondences. Never Jenny voice so ways, the president sexual, our motor or another CPA member who feels I talking up the fundamental problem we have is that these decisions are made and then not the peleton's decisions that the CPA committee decisions and they are not representing the peleton as a whole, the the majority and that is fundamentally wrong and is not how a union should work. And this is the number one issue we have. The CPA has to represents the entire professional peleton not six people's choice. This women's CPA's whether to women's unions in the moment because they splintered. And ninety world. We bring bring them back together. Nine points in having resources split who need to make sure the women's sports is is unified as well. And I think they have paid a price for all this internal if you like battling and to be if she had the kind of foresight to Spencer often start their own union. But the problem is now conflict to unions representing women's professional cycling. We've we need to try to bring them back together, I think, and regards to professional and proconsul to, yes, at the moment that Seoul it is. I think that's a big enough bats. We need to get that working first before we look further because that's already as we can see that's proving to be an incredibly difficult challenge. And I, for me, it's becoming quite daunting how difficult it is to to to change us to Nonni rock the boat changes direction. Allison at a couple to who's the Italian who's the president of the women's CPA equivalent. And so that's you..
"cpa" Discussed on The Cycling Podcast
"They got the celerity fund, which is a fund of money that is pot. Of how the CPA's funded CK's funded by taking a percentage, two percents of the total price fund of the professional, cyclists. And then that's what funds plus a hundred thousand years approximately from the annually and then right is connect- when they still racing to putting of years, they've raised their crew certain points, which then gives them a payouts when they're tired of the maximum is twelve thousand five hundred yards if you've done. I think that quote of ten years and that's that's about where it tends really. And unfortunately, because of the very fact that the right is feel disenfranchised have never voted and went even aware of. This folks wouldn't have been if I hadn't been put my name forward. It means that they don't really invest in it and they're disillusions in the note committed to it and that something needs change say, some it is total price accounts. Well amounts that will to professional cyclist make in these. See are aware of that, and that's quantified and up to now that went through a company Netherlands mostly now that's being changed is going to another company, but out of touch with that price money, the percentage retained and payments of Bank accounts in Switzerland. And that is then the CPA's money like such, that's he's oppressions small percentage, small percentage, and the rest is then accrued on behalf of this sollidarity fund is code. And is it tights live to percents taken for this price million? The numbs are sketchy, and this is something I would like to change as well, because the hasn't been total transparency on the accounting niece, spe- independently audited. We need to know what's going on because the is rumors that this fund is is on the brink of insolvency which is. Not. Good to hear this. I'm not even sure if the CPA reports how it spending the one hundred thousand years receives from ECI each year. Appreciate the rights never received clear counting of how the money is spent either operations all with t. fund. So these are things that needs to be clarified as soon as possible. At the moment consi how I can win this election. I'm Jenny. Bunia has already security or no. He's already security Italian vote. So that's what one hundred and fifteen light already to his name. I believe France committed as well as at hundred and fifty. One say we're talking two hundred forty six Rytas already which means is effectively impossible for me to win, but hopefully what this will do is way Cup. The pellets him as a whole and the media and the CPA intently that is dysfunctional currently and that the future CPA copy it. Remaining states is quote because the status quo is not good enough. We are very strange sport in the sense, it's quite disparity in the sense that the right of the Scots it everywhere that the contracts are short term. The teams, volatile at the best of times and say, the one consistency is duration of professional cyclist career. We're looking at probably. A decent Krier is between six to twelve years. An of often banks different teams, the one consistency as peleton that and I do believe stunned by this, the pellets on can be the most influential and powerful voice in cycling. We unify the peleton then that will be the only ends t- inside that is unified race organizers announced unified. We have us, yes, flying classics. A SO list goes on, says of sleet towers, both the mall that's not to say that they own the sport, the federation's national federations again, Scott it different operation methods. ECI is distance and honest with you shouldn't really be involved in professional sports, television rights scattered all over the place and as news sign and on the horizon of that changing. So that means that this one buddy within federal cycling that can be unified and can transcend all those different. Buddies if you like, and that's the peleton. Pellets on the unifies and become strong. We can be able. We can help unify the other bodies. That tends to be the scattergun walls and week tends to be the clocks damage or they, we them on the longer. We in the pellets home, but I feel like I am hence why I'm doing this. And I d think that the peleton Cam pats be a grounding force in the whole freshman cycling because let's face it. Things are getting better, but they should be getting a lot better and it's just not happening quick enough..