Richard A. Lindsey, CPA

Lindsey & Waldo, LLC – Certified Public Accountants

  • Jun 29

    Effective August 1, 2012 it will be against the law in Alabama to read, write or send a text message, instant message, or an e-mail while driving a motor vehicle.

    According to the national Highway Traffic Safety Administration, texting while driving creates a crash risk 23 times greater than when a driver is not distracted. And sending or receiving a text message takes a driver’s eyes from the road for an average of 4.6 seconds.  During that short time, a driver going 55 miles per hour will cover the entire length of a football field.

  • Jun 14

    The Alabama Department of Revenue recently announced Alabama’s first annual Severe Weather Preparedness Sales Tax Holiday will be held July 6 through July 8, 2012. Alabamians are encouraged to stock up on a variety of supplies for protecting their homes or businesses during Alabama’s tornado and hurricane season’s.

    Counties and municipalities can choose to join the state by removing their own local sales and use taxes from the same items during the same weekend.

    The following list contains examples of items covered under this year’s Severe Weather Preparedness holiday.

     

    Items that have a sales price of $60 or less per item:

    ~ Batteries:  AAA-cell batteries, AA-cell batteries, C-cell batteries, D-cell batteries, 6-volt batteries, 9-volt batteries;

    ~ Cell phone battery;

    ~ Cell phone charger;

    ~ Portable self-powered or battery powered radio, two-way radio, weather-band radio or NOAA weather radio;

    ~ Portable self-powered light source, including battery powered flashlights, lanterns, or emergency glow sticks;

    ~ Tarps, plastic sheeting, plastic drop cloths, and other flexible, waterproof sheeting;

    ~ Ground anchor system, such as bungee cords or rope, or tie-down kits;

    ~ Duct tape;

    ~ Plywood, window film or other materials specifically designed to protect window coverings;

    ~ Non-electric food storage cooler or water storage container;

    ~ Non-electric can opener;

    ~ Artificial ice, blue ice, ice packs, reusable ice;

    ~ Self-contained first aid kit;

    ~ Fire extinguisher;

    ~ Smoke detector;

    ~ Carbon monoxide detector;

    ~ Gas or diesel fuel tank or container.

     

    Items that have a sales price of $1,000 or less:

     ~ Portable generators and power cords.

     

    Beginning next year, the annual Sales Tax Holiday for Severe Weather Preparedness will be held during the last full weekend of February.

  • Jun 1

    2012 is nearly half gone. How are you progressing with your goals? You do have goals, right?

    It is easy to get distracted by life’s daily activities. Many set goals, few follow through.

    When it comes to the economy, there are those predicting better times ahead and there are those predicting horrible doom and gloom. As always. Now I certainly pay attention to what some of the experts say, but I try not to rely on any one expert too heavily, preferring to listen to the counsel of a mastermind group that I meet with regularly. After all, you should…

    Beware of expert pundits…

     

    “The Americans have need of the telephone, but we do not. We have plenty of messenger boys.” — Sir William Preece, chief engineer at the British Post Office, 1878.

    “Who the hell wants to hear actors talk?” —H. M. Warner, Warner Bros., 1927.

    “I think there is a world market for maybe five computers.” —Tom 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 Zunuck, 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 main-frame-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.

    As computer scientist Alan Kay said, “The best way to predict the future is to invent it.”

     

    And I fully agree — but with this adjustment: the best way to predict the future for YOUR business is to set measurable goals and with quantifiable actions attached to those goals. Don’t be distracted by the rush of technology, the clamor of the marketplace or the drum banging of the naysayers. Focus on what YOU will do during the rest of the year to make 2012 your best year ever.