Jamie R Jacoby, CPA

01/08/2024

Lots of 2024 predictions floating around out there right now. But before you get too caught up in what the "experts" think, remember what those same experts said not so very long ago...

"I think there is a world market for maybe five computers."
-Thomas Watson, chairman of IBM, 1943

"Television won't be able to hold on to any market it captures after the first six months. People will soon get tired of staring at a plywood box every night."
-Darryl Zanuck, 20th Century Fox, 1946

"The world potential market for copying machines is 5,000 at most."
-IBM executives to the eventual founders of Xerox, 1959

"There is no reason anyone would want a computer in their home."
-Ken Olsen, founder of mainframe-producer Digital Equipment Corp., 1977

"No one will need more than 637 kb of memory for a personal computer -- 640K ought to be enough for anybody."
-Bill Gates, Microsoft, 1981

"Next Christmas the iPod will be dead, finished, gone, kaput."
-Sir Alan Sugar, British entrepreneur, 2005

01/05/2024

It might be a new year, but don't forget...

The final estimated tax payment for 2023 is due on Jan 16th.

01/04/2024

Because we want you to stay ahead of the personal information thieves, today we're offering up an identity protection best practice that we're pretty sure you've heard before but should REALLY take seriously:

PROTECT YOUR PASSWORDS.
The longer the password, the tougher it is to crack.

Some password tips:
- Use at least 10 characters; 12 is ideal for most home users.
- Mix letters, numbers, and special characters.
- Try to be unpredictable – don’t use your name, birthdate, or common words.
- Don’t use the same password for many accounts.
- Don’t share passwords on the phone, in texts, or by email.
- Keep your passwords in a secure place out of plain sight.

And if this seems like a lot to do and keep track of on your own, there are literally dozens of password security providers out there now (LastPass, Dashlane, LogMeOnce, Bitwarden, 1Password, etc.). Pick one and start using it today.

01/04/2024

A Business Valuation for Your Texas Business

A proper business valuation takes multiple factors into consideration. Here are some reports to prepare you and tax factors to know about.

01/03/2024

Your phone system is a mainline way for customers to get that one-on-one interaction.

Are you.....regulating hold times?..picking up within three rings?..answering in a friendly tone?..asking questions?..taking notes?..training your staff for how to answer?

This matters.

01/02/2024

Yesterday marks the beginning of the BOI filing requirement (Beneficial Ownership Information). Reporting companies have 1 year to report information to the U.S. government about who ultimately owns and controls them.

Reporting companies include corporations and LLCs as well as any company formed in the US, or any non-US company that registers to do business in the US, by filing a document with a secretary of state or similar office, unless it comes within the scope of an exemption.

To either file your report or determine if you're exempt, go to https://www.fincen.gov/boi.

While this is in front of you, take the time to file your BOI report so you're not in a flurry at the end of the year trying to get that done.

01/01/2024

"My interest is in the future because I am going to spend the rest of my life there."
- Charles Kettering

Time to look to 365 days of future possibility and opportunity.

Happy New Year!

12/29/2023

Jamie R Jacoby, CPA's 18 Questions to Drive Business Growth in 2024

Business growth isn’t just financial. There are other factors that can also drive financial success. Here are 18 questions to assess for your business.

12/29/2023

When the holidays have come and gone, you need a beat to get back into the swing of everyday life.

But, don't take too long to deglaze yourself from the festivities.

There are a few simple things you can check off your end-of-year list to save you money come tax time:

- Prepay your property taxes for next year
- Give a few more charitable donations
- Defer income to 2024 if you're able
- Pay January's mortgage payment early
- Pay your 4th quarter income tax before the 31st

12/29/2023

Before You Sell Your Texas Business: Making a Plan (P1)

Think you’re ready to sell your business? Here are four important questions for you to start with.