Real Estate 411 on WJR

For the second year, we are joining with Annette Compo of Real Estate 411 to provide a weekly discussion regarding taxes on WJR, AM 760 from 4-5 pm on Sunday afternoons. I will be.sharing tax tips and answering tax questions for callers.

Such fun! As you all know, I love to talk tax… and to help folks figure out the right way to go.

Come join us! Annette and her husband Paul have great information for the real estate investor… the home owner trying to decide whether to refinance… short sale program information… and on and on.  Everything Real Estate!  I try to provide everything TAX!!!

REMEMBER—Tune in… 4 pm Sunday on WJR..760 AM radio You can also view the broadcast live streaming at their website realestate411now.com.

If an MSU NCAA basketball game happens during that time, Real Estate 411 will be pre-empted and you will have to wait until next week for your update.

$760 Million May Go Unclaimed!!!!!

Refunds totaling almost $760 million may be waiting for an estimated 918,600 taxpayers who did not file a federal income tax return for 2010.

If you are one of those folks who have not filed your 2010 tax return… PLEASE CALL US at your earliest convenience. YOU MUST FILE your 2010 tax return for 2010 with the IRS no later than Tuesday, April 15, 2014 in order to collect the refund.

If your return is not filed by that date, you will have made a voluntary contribution of your refund to the government! You will never be able to obtain the refund.

To Schedule an appointment… please talk with Jen at 248-5440-6160.

What makes an “A Player” in Sales?

We thank Gerry Weinberg of Gerry Weinberg and Associates for the following article. If you need assistance with sales training contact them at their offices at 29201 Telegraph Rd, Suite L11 Southfield, MI 48034 Phone: (248) 353-4030 (eas)
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I am frequently asked: What makes an “A Player” in Sales? The answer is pretty simple…and it all starts with drive. Drive is the most important characteristic in identifying and selecting people who can successfully sell for a living.

Spend some time with high achieving sales people and it quickly becomes obvious that they share some key personality traits.

Drive is the passion that causes great salespeople to get up early, stay up late, and make whatever personal sacrifices are necessary to close business. It is the inner fire that determines not just whether a salesperson can sell; but whether they WILL sell.

Drive consists of three elements:

*****Need for Achievement – Top performers are ambitious and goal oriented. They are not satisfied with simply working towards their goals, but are also highly self-motivated to achieve their goals. Once they realize a goal, they instinctively set new, higher goals and keep progressing. Status Quo is not acceptable.

*****Competitiveness – The highest achieving sales people want to not only do well. They want to be the best. Regardless of the pursuit they want to win; and when it comes to sales, they are driven to outsell and out earn their peers.

*****Optimism- They expect to succeed. It is what drives them to persevere throughout the grind and rejection that every sales person faces. Some studies indicate that optimists outsell pessimists 20% to 40%.

A person’s attitude has the most impact on sales performance.

I believe you will be better off in the long run if you hire a driven person who has no sales experience, and teach that person your business, than if you hire a candidate who has experience, but lacks drive.

Here are a few other predominant traits we find common in A Players:

*****Ambition and Drive
*****Confidence
*****Optimism
*****Competitive
*****Strong sense of urgency
*****High Need to interact with and influence others
*****Resilient/impervious to rejection

How many A Players do you have on your team? What’s your passion for success?

Come Join Us!!!

WJR… one of five radio stations in the country that make up the nationwide Emergency Broadcast System…. And I have been invited for the second year to join that community!

We are part of Real Estate 411… a weekly program on WJR with Annette and Paul Compo.  Our role is to share tax tips and answer tax questions for callers.

Such fun! As you all know, I love to talk tax… and to help folks figure out the right way to go.

Come join us! Annette and her husband Paul have great information for the real estate investor… the home owner trying to decide whether to refinance… short sale program information… and on and on

Tune in… 4 pm Sunday on WJR..760 AM radio.

Real Estate 411 has been pre-empted by Michigan State Basketball for the past two weekends.  MSU plays this afternoon… so Real Estate 411 should happen as scheduled.

GO STATE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Branding Basics for Small Business Owners

If you are struggling with identifying your “brand”, check this opportunity offered by the Small Business Development Center. (eas)
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For any small business to stand out from the competition, it’s essential to develop a strong, identifiable brand. This workshop will teach you what branding is and why it is so important for the success of your business and your marketing programs. We’ll give some guidelines and tools to define your company’s brand personality, visual identity, key message, taglines and more.

This webinar is ideal if you are looking to develop a new brand or reinvent an existing brand. The content is best suited for small business owners and employees of established or newly launched businesses.

Location: Online
Date: Thursday, April 17
Time: 11:30am – 12:30pm
Cost: $49
Presenter: Laurie Lonsdorf
Register: Branding Basics

The Michigan Small Business Development Center (MI-SBDC) enhances Michigan’s economic well-being by providing counseling, training, research and advocacy for new ventures, existing small businesses and innovative technology companies. With offices statewide, the MI-SBDC positively impacts the economy by strengthening existing companies, creating new jobs, retaining existing jobs, and assisting companies in defining their path to success. www.misbtdc.org

Agonize or Organize?

Thanks to the Sandler organization in Southfield (Gerry Weinberg and Associates) for allowing us to send this on to you all. GOOD INFORMATION!!! eas
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The most frequent excuse for not reaching a goal or completing a task is, “There isn’t enough time.”

The business owner grumbles about being bogged down with budget meetings, conference calls, vendor disputes and not having the time to launch the strategic planning sessions he’s been talking about for several months.

The sales manager complains about wasting time putting out fires, approving special orders, chasing down reports, crunching sales numbers and not having the time to complete an accurate market analysis with which to create a targeted growth strategy.

The salesperson complains that there just isn’t enough time to prospect for new business and still provide the appropriate level of service to existing customers.

They all agonize about time when it is just as easy, and far more productive, to organize it.

The basis for all time organization is a plan; a personal plan that only you can devise and execute. Every minute you invest in planning saves you twice that amount of time in execution.

1. Define your goal.

What exactly do you want to accomplish? What level of productivity do you want to reach? What project do you want to get off the ground?

When you’ve identified what you want to accomplish, write it down. Be specific. Don’t generalize or use vague terms. “Growing your client base” is admirable. “Growing it by 10% in 90 days” is specific. If you want to earn more money, specify how much.

Being specific allows you to develop measurable steps. Growing your client base by 10% in 90 days, for instance, might translate into six new clients. That means two new clients in each of the next three months . . . or one new client approximately every two weeks. Now, you can begin to focus on the activities necessary to identify and qualify prospects. And, you can estimate the amount of time needed for each activity. Let your history of accomplishments be your guide.

2. Create a timetable for accomplishing short-term steps.

Once you’ve determined your primary goal and identified the activities necessary to accomplish it, you can allocate and schedule an appropriate amount of time for each activity.

Don’t try to do it all at once. Create a timetable or series of deadlines for yourself. Any project is easier to manage when broken down into smaller steps. Allocate segments of time on a regular schedule for each required activity. Allow a realistic time limit for each, then live up to it. For instance, rather than chain yourself to the desk and attempt to make all of your prospecting calls in one day, schedule shorter time periods — perhaps an hour and a half — on four days during the week. Also, if a particular activity requires preparation time, allow for and schedule time for it as well.

3. Do one thing at a time.

A law of physics states that two objects cannot occupy the same space at the same time. The same holds true for thoughts. You cannot hold two thoughts in your mind at the same time. You can think about one thing, then another, then back to the first, but not both at the same time. If you’re working on one task while you’re thinking or worrying about another, the task at hand will suffer . . . and you’ll end up behind schedule.

Record your timetable and schedule for every day’s business activities — hour by hour — in your personal planner and/or calendar. If there are personal activities you must perform during the day, record them as well. Write everything down and then forget about it until it pops up on your planner.

4. “Spend” your time wisely.

How much is your time worth? Divide your present income by the amount of time you invest in your job and you can determine exactly how much each hour and minute is worth. Next, review the various activities you perform during the average work week. Is each and every activity worth the rate of pay you calculated? Are you wasting valuable time (and money) performing a job yourself that could be done just as well by someone else?

Are you a $75-per-hour salesperson doing $15-per-hour work? That is, are you performing routine tasks every day, perhaps through habit, that don’t merit your time? Can those tasks be delegated to someone else? The failure to delegate work can become a big stumbling block in the way of your progress.

5. Do what is really essential.

In every task there are those elements that are absolutely essential . . and there are those that are helpful. Don’t commit to performing the same task the same way day after day just because that’s the way you’ve always done it. Is every part of every step really essential to completing the task? Are the “helpful” elements really necessary? To determine essentials of tasks, ask yourself the following questions: Can this process be rearranged and still achieve the same result? Can the process be altered and improve the result? Don’t be afraid to shake things up. Commit to the outcome, not the process.

The best time to begin to organize your time is NOW. Define your goals. Create a timetable and schedule. Do one thing at a time. Don’t spend dollar time on penny tasks. Concentrate on essentials.

Sandler Systems, Inc. All rights reserved.

Boost Your Retirement Savings with a Tax Credit!

If you contribute to a retirement plan, like a 401(k) or an IRA, you may be eligible for the Saver’s Credit. The Saver’s Credit can help you save for retirement and reduce the tax you owe. Here are five facts from the IRS that you should know about this credit:

1. The Saver’s Credit is the short name for the Retirement Savings Contribution Credit. It can be worth up to $2,000 for married couples filing a joint return. The credit is worth up to $1,000 for single taxpayers.

2. Eligibility depends on your filing status and the amount of your yearly income. You may be eligible for the credit on your 2013 tax return if you’re:
…..Married filing separately or a single taxpayer with income up to $29,500
…..Head of household with income up to $44,250
…..Married filing jointly with income up to $59,000

3. Other special rules that apply to the credit include:
…..You must be at least 18 years of age.
…..You can’t have been a full-time student in 2013.
…..You can’t be claimed as a dependent on another person’s tax return.

4. You must have contributed to a 401(k) plan or similar workplace plan by the end of the year to claim this credit. However, you can contribute to an IRA by the due date of your tax return and still have it count for 2013. The due date for most people is April 15, 2014.

5. File Form 8880, Credit for Qualified Retirement Savings Contributions, to claim the credit. Tax software will do this for you if you e-file.

The Saver’s Credit is in addition to other tax savings you can get if you set aside money for retirement. For example, you may also be able to deduct your contributions to a traditional IRA.

Visit IRS.gov for more information about this important tax credit.

What do you know about Twitter?

Jody Higgins of My Virtual Assistant has allowed me to share her article on the basics of twitter. Hopefully you will find it helpful! eas
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What do you know about Twitter? Most people think of Twitter as a fancy schmancy instant messaging service but it is much more powerful than that. Twitter is a great way to share content, meet like-minded people and have a lot of fun!

Here is some basic information to help you get started on your Twitter journey:

What is a tweet?

A tweet is just a short little communication. It must be 140 characters but try to keep your tweets around 120 characters. That gives other tweeters some room to retweet you and comment on your tweet.

What is a retweet?

A retweet is how you share a tweet with the people who follow you. You should do this when you see a tweet that you like or want to respond to.

What is a direct message?

A direct message is a private message that you send to someone else or that someone can send to you. They are private and no one else can see them.

What is a mention?

A mention is when you talk to someone or about someone in a tweet. It’s exactly like mentioning somebody in a conversation. Your Twitter handle/name has the @ sign in front of it and when someone talks to you or mentions you in a tweet it is called a mention. My Twitter handle is @myvaservice. Here is an example of a mention (also called an @mention) using my Twitter name:

“Hi @myvaservice. Please tell me about your business.”

To see if people are mentioning you in their tweets you can either search for your Twitter handle in the search bar or you can look at the “@ connect” tab on Twitter.

What the heck is a hashtag?

A hashtag is a fun way of tying conversations together. It is a word with a hash mark in front of it and it pulls together topics and categories that are being discussed. A good example of a hashtag is #superbowl. If you log into Twitter and search on #superbowl you will find plenty of tweets that discuss anything from what kind of snacks to prepare to location of festivities. You can also use multiple hashtags. For example when I search on #superbowl and #Detroit I find lots of tweets talking about Detroit and the superbowl.

What is a follower?

A follower is someone who is following you. This means that they like your content (in this case your tweets) and they want to see what you are tweeting about. Follow people who tweet content that you are interested in. Follow people you want to follow you (they will probably follow you back). Follow people that you want to do business with. Bottom line, one of the best ways to get people to follow you is to follow them.

What should I tweet about?

Twitter is a little like attending a cocktail party so use the same etiquette that you would use there. Talk more about others than yourself by asking them questions and engaging with them, share good content (like a link to your blog or newsletter), and avoid strong topics like politics or religion (although a little controversy can be good).

How should negativity be handled?

In this case you have 3 options: you can ignore them, you can block them or you can report them. In most cases I would just ignore anyone who is being negative or unkind. Only report or block someone if they become really nasty and you think that you need to take stronger measures.

So now that you know the basics…START TWEETING!

Once you start tweeting be consistent and share good content that others can benefit from. Don’t start tweeting and disappear. Make your tweets more about others than yourself and you won’t appear to be spammy and people will want to talk to you more. You should go onto Twitter and engage daily. Remember to thank people for mentioning you and retweeting your content (this tells their followers who you are and can increase your following so be sure to be grateful as this is a powerful way of getting known online). Share some original quality content (like your blogs or links to your newsletters…and don’t post fluff. Make it valuable) and make sure that you share, retweet and comment on other tweeter’s content that you like. Be interactive, be yourself, and be consistent. Most importantly, have fun.

Twitter is a great way to market your business and can be quite a powerful tool. I have had clients who found me through a Twitter search. Other marketing activities that you can perform daily include participating in your other chosen social media platforms as well as writing blogs, newsletters and articles. Before you know it, you will be well on your way to an active, solid Twitter presence and a stronger overall presence online.

By the way…don’t forget to follow me on Twitter. My handle is @MyVAService. I will be looking forward to your tweets.

11 Often Overlooked Tax Breaks

1. ADDITIONAL CHARITABLE GIFTS…Everyone remembers their cash contributions. You should also value your in-kind contributions. However remember that your donated time is worth -0-… However remember that buying supplies… a uniform… cleaning of that uniform.. mileage you use your vehicle from the time you leave home until you return are also considered charitable gifts. KEEP RECORDS!

2. MOVING EXPENSES…Only if you are moving to obtain work… and if you move far enough. Limited to actual moving expenses… one trip to look for housing… but helpful.

3. JOB HUNTING EXPENSES…Looking for first job? No help… but if you are looking for a new job in your current career travel, resume costs, outplacement and job search agency costs are all potentially deductible if you itemize and can exceed 2% of your agi

4. MILITARY RESERVISTS TRAVEL EXPENSES… Military reservists and national guard who travel more than 100 miles and stay overnight for training expenses can deduct related expenses… lodging, half cost of meals, mileage at 55.5 cents per mile

5. CHILD CARE EXPENSES…Every parent paying child care remembers after school and daycare provider bills. However remember also that child care can include summer camps… even day camps… IF THE CARE IS PROVIDED FOR THE PARENTS TO BE ABLE TO WORK.

6. MORTGAGE REFINANCE POINTS…This is not seen often at this point with rates so low. But this type of point is fully deductible on purchase of a home. On a refinance it must be deducted over life of mortgage. Plus on a refinance, if you have been writing off a prior mortgage’s point, all that remain are fully deductible with that new refinance.

7. MANY MEDICAL COSTS… This deduction is difficult to reach the now 10% threshold to get a benefit. So be sure to remember travel expenses to and from treatments, parking, long term care insurance.

8. RETIREMENT TAX SAVINGS…There is a credit here for moderate and low income taxpayers an incentive to save. The credit is 50% of your contributions up to a $2,000 contribution ($1,000 dollar-for-dollar reduction in your tax liability). This is income limited so be sure to do the calculation of how much credit you are allowed.

9. EDUCATIONAL EXPENSES…If you cannot take the education credit, remember that you can take up to a $4,000 deduction of your expenses as an adjustment to income.

10. ENERGY EFFICIENT HOME IMPROVEMENTS… The current credit for windows, doors, insulation is greatly reduced… but still available. Because this is a credit, it saves you dollar for dollar so be sure to use what you are able.

11. VEHICLE LICENSE PLATES… In Michigan plates (or tabs) are priced based upon the current value of the vehicle. Thus they are considered a personal property tax and are fully deductible if you are itemized.

Small Business Workshops Detroit SCORE Chapter

SCORE is a group of experienced business people who are retired and offer their services to entrepreneurs in the Detroit Metropolitan area through the SBA.  If you are looking for a free resource, look at the following workshops to see if anything fits your needs. eas
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Workshops In March

BP 101 – Business Start-up The EssentialsThis is our initial workshop for setting up your new business including lots of essential “How To” information and a description of Legal Entities
Wednesday March 12 – 8:45am to noon
…..Michigan Business & Professional Association (Sponsor)
…..27700 Hoover Road
…..Warren, MI 48093
Cost is $25 – Veterans may attend at no charge
To Register Online: BP 101 March 12

BP 102 – Business Start-up Marketing

We cover all facets for setting up your business Marketing program. Marketing is more than advertising and business cards. Learn from our experienced team.
…..Wednesday March 19 – 8:45am to noon
…..Michigan Business & Professional Association (Sponsor)
…..27700 Hoover Road
…..Warren, MI 48093 Cost is $25
To Register Online: BP 102 March 19

BP 301 Create Your Business Website
Learn to create and maintain your business website. This is an instructional session with how-to’s and examples.
…..Thursday March 6 – 5:00pm to 8:30pm
…..Michigan First Credit Union (Sponsor)
…..27000 Evergreen Road
…..Lathrup Village, MI 48076
Cost is $45 – includes all materials
To Register Online: BP 301 Website Design March 6

BP 302 Improve Your Odds When Seeking A Small Business Loan
Learn how to prepare for approaching lenders for a small business loan. SBA and banking representatives will make presentations and answer questions.
…..Tuesday March 18 – 8:45am to Noon
…..Oakland County Conference Center (Sponsor)
…..2100 Pontiac Lake Road
…..Waterford, MI 48328
Cost $20
To Register Online: BP 302 Loan Workshop March 18

BP 303 Social Media for Small Business
Social Media is an important part of an overall Marketing program. Learn from industry leader Eric Vogel how to set up your effective Social Media program
…..Wednesday March 12 – 8:45am to Noon
…..Northwest Activities Center (Fifth Third Bank – Sponsor)
…..18100 Meyers (at Curtis)
…..Detroit, MI 48235
Cost $25
To Register Online: BP 303 Social Media March 12

April Business Plan Series

April 2 BP 201 – Research and Sales Planning

April 9 BP 202 – Start-up Costs and Financial Statements

April 16 BP 203 – Writing Your Business Plan for Funding

Presented at:
…..Michigan Business & Professional Association (Sponsor)
…..27700 Hoover Road
…..Warren, MI 48093
To Register Online: April Business Plan Series

Register and pay at our website: Or call 313-226-7947
For more information about the Detroit SCORE Chapter: www.detroit.score.org

SCORE is a funded resource partner of the SBA providing no cost mentoring, and low cost training programs for new and existing small businesses. There are 9 chapters serving the state of MIchigan. http://score-michigan.com/ All programs are offered on a non-discriminatory basis.