Richard A. Lindsey, CPA

Lindsey & Waldo, LLC – Certified Public Accountants


    Filed under Marketing
    Sep 30

    Richard Lindsey and Zevac & Lindsey, LLC are now offering new services to our business clients. Richard is available to help you grow and market your business through Marketing, Consulting and Coaching. So, whether you’re an established business looking for fresh ideas or a budding company looking to kick start your business, we’re here to help.

    Make your appointment today to get started with Richard!

    **Consulting Fees Apply**

  • Sep 16

    That quote is from the great author and self-made millionaire Jim Rohn. When I first read it, I remember thinking about the people who I spend the most time with, particularly in my business life. I also started making mental notes about who I felt was a positive influence and who tended to be a negative influence. Have you ever had a friend rain all over your idea or tell you that you couldn’t do something? Or, have you ever been at a networking event and felt that, for once, you were the smartest one there? In both cases, I want to encourage you to take a fresh look at who you are spending the most time with and consider whether or not you feel challenged, supported, encouraged, and refreshed as a result. 

    I am not suggesting that you immediately go out and get some new friends, nor am I telling you that there is nothing to be gained by always being the sharpest knife in the drawer. Giving of yourself and helping others do well are both worthwhile and rewarding. What made a huge difference in my life was when I made a conscious effort to seek out and spend more time with people whom I felt had the same mindset as mine and hoped were smarter than I was!

    One of the most powerful images for me to ponder is what it must have been like to witness one of the first mastermind meetings with none other than Henry Ford, Thomas Edison, President Warren G. Harding, and Harvey C. Firestone. Can you i

    magine what it must have been like to be a fly on the wall when these four men got together? Can you imagine how one must have pushed or encouraged the other? Or how they all must have shared a particular strategy that was working for them? It must have been awesome to have such a support group. Believe it or not, you have the same opportunity today that these great men had decades ago.

    When I attended my first Glazer-Kennedy event, I remember having both a feeling of empowerment and a sense of relief that I finally found some other folks who were on fire about their business! While I still wanted to hang with my old friends and colleagues, I found myself seeking out every opportunity to be with some new people who were not only a source of encouragement, but chock-full of good ideas and suggestions!

    I write this month’s column with two missions. First, I want to share with you why I am so passionate about growing this local chapter. Hooking up with other Kennedy-style marketers and learning about the successes and failures of others has greatly added to my success, and I know it will add to yours as well. Second, I want to encourage you to take a look at the people you are spending time with and honestly assess whether they are contributing to your growth and success.

    A few years ago I heard the following expression: “If you want to run with the big dogs, you have to get off the porch!” This local chapter is one example of the opportunities you have to build your success team, and I sincerely hope that you are working hard to make 2011 the year that you, too, get off the porch and start running with the big dogs! The fourth quarter is almost on us. The time to take action is now! Make the move so that you’re on your way to success.

    REMINDER – The next Mobile Business Builders Chapter of Glazer-Kennedy Insider Circle will be held Tuesday, September 27th in Destin, Florida.

  • Sep 2

    Deficit pressures leave little room for further extension of tax cuts


    In the not so distant future… The year: 2012. The forecast: $2.5 trillion in U.S. debt. Higher taxes for…


    The Congressional Budget Office’s forecast of a $2.5 trillion deficit in 2012 has already prompted calls for limiting the tax breaks for mortgage interest, charitable contributions, municipal bonds and retirement contributions. 

    The deficit is an issue and you should probably make up your mind that something is going to happen and that you’re likely to pay higher taxes. 

    Unless Congress acts, tax rates on income, capital gains and dividends will rise in 2013. Top earners will also face additional taxes on investment income and wages as a part of the health care reform. 

    President Obama has proposed letting income tax rates return to a high of 39.6 percent from the current 35 percent for couples making more than $250,000 per year. Capital gains and dividends would be taxed at a top rate of 20 percent, up from the current 15 percent. An additional 3.8 percent tax is already scheduled to be imposed in 2013 on the net investment income of a couple with over $250,000 in income. Married couples with earnings of more than $250,000 will also see an additional 0.9 percent tax on the excess over that amount. 

    The biggest tax breaks for individuals include those for mortgage interest, charitable contributions, state and local taxes, incentives for retirement savings and the exclusion for employer-provided health care. Eliminating any of these could be politically toxic but I wouldn’t be surprised by efforts to reduce their benefits targeted primarily at the “wealthy.” [WARNING: Washington’s definition of wealthy and yours may not be the same.] 

    Phasing out the mortgage interest deduction would increase federal revenue by $214.6 billion over the next decade, according to estimates from the Joint Committee on Taxation in a March report by the CBO. Curbing deductions for charitable giving would raise an estimated $219 billion over the next 10 years, the CBO study said. 

    Other revenue-raising options being tossed about include taxing interest earned on municipal bonds and reducing the cap on all contributions to 401(k) retirements to $14,850 annually and to $4,500 for IRAs, according to the CBO report. That compares with current maximums of $22,000 and $6,000, respectively.

     “Over the last decade this country has failed to live within our budget.”  — Senator Max Baucus

     “The government cannot close its enormous fiscal gap simply by taxing the rich.”  — Representative Paul Ryan

     Debt started the problem; more debt is not going to fix it. Our future prosperity isn’t going to come out of Washington. It will come out of the hopes, dreams, and individual freedoms of the American people. If left alone, we have a tendency to prosper. Your hopes will be crushed if you’re waiting for Obama or anyone else to fix your life and give you money.