Archive | May, 2022

What Does Success Mean To You?

30 May

Everyone in life seems to be chasing the same thing, something by the name of success. While this may seem like everyone is pursuing the same goal, this couldn’t be further from the truth. For this reason, you must discuss what success means to you before you start the journey towards it. Otherwise, you may end up lost along the way.

Why Does Success Look Different for Everyone?

Name one person on this earth that likes all the same things you do and does them in the exact same way you do. Can’t think of anyone? Exactly. This is because everyone on this earth is different, so you can’t expect success to look the same for everyone either.

You have different desires, beliefs, and abilities. Chances are something that someone else may see as success may not even seem like fun to you. Therefore, you wouldn’t consider it a success based on how you see the world. 

Why is Defining What Success Means to You Important?

If you are chasing someone else’s idea of success, the reality is, you probably won’t get there. Especially because we have already established that you are unique in your abilities and desires. Therefore, to achieve success, you must define what that means for you.

For example, someone like Elon Musk may qualify success as selling 12,000 of his new car model. While that is great for Elon Musk, you are just a dealer at a car lot. You’re just looking to make enough money to survive and go on that vacation you’ve always wanted. Therefore success for you should be defined as selling five cars every month, or whatever amount to meet your monetary goal.

If you don’t set an appropriate goal and instead define success only as selling 12,000 units, you will likely never achieve it and end up disappointed and discouraged.

Defining Success is Critical to Achieving It

As you can see, you don’t have to make your own definition of success, but if you stick to the one the world provides you, you won’t be honoring your situation or desires. 

It’s time to throw away the world’s ideas of success and create your own. While it may look different, and others may not understand, you’ll be able to achieve it—and that’s all that really matters.

Overall, success is only great if you achieve it. Therefore it is absolutely critical that you define your own version of success. This is the only way it will be within your reach. 

Contact Me Directly

Let me know if articles of this type are helpful to you. If you would like to see more on this topic, would like coaching in this area, or have a topic to suggest, please leave me a comment, or contact me personally.

Please subscribe to this blog , or contact me with any questions.

Call me directly at 770-224-8504 or 888-780-1333
Schedule a phone call with me by clicking here
Visit my website by clicking here
Visit my YouTube channel by clicking here
Email me at David.wiener@cashflowstrategies.us

If you have a business that was impacted by the COVID19 pandemic and associated lockdowns and supply chain disruptions, please see my article about the Employee Retention Credit, even if you were told that you do not qualify.

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Dealing With Self-Doubt

26 May

Dealing with Self-Doubt is common. Everyone experiences self-doubt from time to time. It’s part of life. The important thing is that when you do experience self-doubt, you handle it in the right way. This will ensure that you can overcome it and get back on the road to success in no time at all. Keep reading to find a few ways to deal with self-doubt when negative thoughts arise.

Resolve Not to Compare Yourself With Others

Often, thoughts of self-doubt come when you compare yourself to someone else. Resolve in advance not to let this happen.

When it does (which it probably will at some point), remind yourself that you aren’t the other person. They have a journey completely different from your own. Look at how far you’ve come on your journey. Your journey is yours and yours alone.

Remember the Past is the Past

Many people experience self-doubt when thinking about the past. Whenever the past comes up in your mind, remind yourself that it is over and done with. If you dwell on the past, it will make self-doubt worse.

Look towards the future and all of the plans you have instead. It can also help to list all the things you are grateful for in the present.

Remind Yourself that Failures are Lessons

Everyone will have failures at some point in their life. This is inevitable. When you experience a failure, you will likely have some thoughts of self-doubt.

Don’t let these get you down. Instead of focusing on the negative, resolve to focus on the positive. Run through the lessons you have learned to feel confident you won’t make the same mistake again.

Have a Support System

There is nothing worse than experiencing self-doubts and feeling alone simultaneously. You should do everything in your power to have a support system in place when these doubts start to creep in.

The support system doesn’t have to be physical. It could also be a forum or an online support group. Either way, it should be someone you trust to talk to when the going gets rough. They can help remind you of what an amazing person you are and the journey you’ve embarked on to get where you are. 

Start Today

Overall, battling self-doubt when it pops up is never easy. If you follow the four suggestions on this list, you will find yourself well equipped to deal with self-doubt when it does arise. Before you know it, you’ll be back on your way to achieving your dreams as your confident and amazing self!

Contact Me Directly

Let me know if articles of this type are helpful to you. If you would like to see more on this topic, would like coaching in this area, or have a topic to suggest, please leave me a comment, or contact me personally.

Please subscribe to this blog , or contact me with any questions.

Call me directly at 770-224-8504 or 888-780-1333
Schedule a phone call with me by clicking here
Visit my website by clicking here
Visit my YouTube channel by clicking here
Email me at David.wiener@cashflowstrategies.us

If you have a business that was impacted by the COVID19 pandemic and associated lockdowns and supply chain disruptions, please see my article about the Employee Retention Credit, even if you were told that you do not qualify.

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5 Behaviors of Successful People

23 May

Successful people are not typically born with the habits and behaviors that help them get to where they want to be.

Through hard work and perseverance, people do well in life, traits that other successful people adopt. Keep reading to learn about the five behaviors you should adopt if you desire the same.

Spend Time With Other Successful People

When you spend time with other successful people, you tend to adopt the behaviors and habits that they display. This is true of many friendships, which begin with a common trait and then expand to friends developing similar behaviors. 

If you genuinely want to be successful, keep company with those who demonstrate the behaviors and habits you wish to emulate. As the saying goes, “if you are the smartest person in the room, you are in the wrong room.”

This means that you want to continually build your network of friends that will help you grow and succeed.

Be a Lifelong Learner

Successful people make it a habit of learning something new at all times. This is because knowledge creates opportunities that you may not have reached before. Whether you wish to move up in the company you work for or create something new, learning is the key to success.

Change Your Mindset

Successful people understand the value of having a positive mindset in everything they wish to accomplish. You have the power inside of you to either sit in complacency or to step up and find the success you want for yourself.

It is a matter of how you view yourself and your environment. When you choose to have a growth mindset, you can move mountains and accomplish anything you set your mind to.

Manage Your Time Effectively

While managing your time can be a challenge, learning how to do it effectively can make a huge difference in your life. Successful people know the importance of honoring their schedules to promptly complete daily tasks. Because of this, they purposely cut out things that are not a priority and learn to delegate tasks that others can do.

Set Goals For Growth

One of the most important behaviors to adopt if you want to be successful is setting goals focused on personal growth.

To be successful takes motivation, which comes from taking the small wins as they come. While having long-term goals is essential, having short-term goals that get you to the longer ones are equally important.

So What Are You Doing to be Successful?

Overall, if you want to be successful, you need to change some behaviors and habits that may hold you back. Taking the time to incorporate these five behaviors into your daily life can help you achieve the success you desire.

Contact Me Directly

Let me know if articles of this type are helpful to you. If you would like to see more on this topic, would like coaching in this area, or have a topic to suggest, please leave me a comment, or contact me personally.

Please subscribe to this blog , or contact me with any questions.

Call me directly at 770-224-8504 or 888-780-1333
Schedule a phone call with me by clicking here
Visit my website by clicking here
Visit my YouTube channel by clicking here
Email me at David.wiener@cashflowstrategies.us

If you have a business that was impacted by the COVID19 pandemic and associated lockdowns and supply chain disruptions, please see my article about the Employee Retention Credit, even if you were told that you do not qualify.

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The Employee Retention Credit, Should You Apply?

6 May

As businesses and practices of all sizes became directly or indirectly affected by regulations and shutdowns caused by the COVID-19 pandemic and the resulting economic downturn, it became clear that U.S. companies needed significant financial assistance to remain open.

What is the Employee Retention Tax Credit?

The US government authorized billions of dollars in aid specifically for businesses through the Employee Retention Credit (ERC) within the CARES Act. A refundable employment tax credit for eligible employers based on qualified wages and health plan expenses, the ERC allowed employers to use the funds to continue to pay existing employees and keep business running and staff working during the economic fallout caused by the Coronavirus.

Employers have been working hard to stay open and running during the pandemic. They simply don’t have the time, energy or ability to manage constantly changing business operations environments, keep up with local, state and federal regulations and understand enough of the ERC to see if they are eligible. There are millions of unclaimed dollars available and nearly any company or healthcare practice impacted by the pandemic is eligible to claim their credit.

Businesses need to take advantage of this opportunity before funds run out, or the three-year claims window closes.

5 Reasons to Apply For the Employee Tax Credit

Most Businesses Qualify 

The COVID-19 related criteria a business must meet to qualify for the ERC are:

  • The business was fully or partially shutdown or had to reduce hours due to a government order.
  • The business saw a significant decrease in gross receipts in 2020 or 2021 when compared to 2019 gross receipts
  • The business is a recovery startup, operational in the third and fourth quarters of 2021.

Receive Up To $26,000 Per Employee

When first introduced as part of the CARES Act in 2020, the maximum credit allowable under the ERC was $5,000 per employee. With its renewal and expansion in 2021, the maximum credit increased to $21,000. When the ERC and the Paycheck Protection Program (PPP) were rolled out under the CARES Act, businesses had to choose which to use. Many selected PPP because it was easier to sign up for a Small Business Administration-backed loan than to learn the details of eligibility for ERC. Subsequent legislation expanded the eligibility requirements for employers so that they could now receive both, making this a can’t-miss opportunity for businesses.

It’s Retroactive

Even though the Infrastructure Investment and Jobs Act (IIJA) of 2021 moved up the ERC’s expiration date, effectively repealing the program for the fourth quarter of 2021, companies are still allowed to submit their payroll tax filings for the covered periods. Employers who filed their payroll taxes in 2020 were able to deduct the money directly from their quarterly payroll taxes at that time. Those who didn’t file in 2020 or who are claiming the ERC for the first time on their payroll taxes in 2021 will be refunded for quarterly filed periods.

It’s A Cash Refund

Though the Infrastructure Investment and Jobs Act (IIJA) of 2021 moved up the ERC’s expiration date, effectively repealing the program for the fourth quarter of 2021, companies are still allowed to submit their payroll tax filings for the covered periods. Employers who filed their payroll taxes in 2020 were able to deduct the money directly from their quarterly payroll taxes at that time. Those who didn’t file in 2020 or who are claiming the ERC for the first time on their payroll taxes in 2021 will be refunded for quarterly filed periods.

It’s Easier Than You Think

If you would like to find out if your company qualifies for the ERC, it is as easy as filling out a questionnaire that will determine your eligibility.  You can go directly to the questionnaire by clicking here.  There is no cost or obligation to determine your eligibility.  If you indeed to qualify, ERC Specialists will help you to determine what your credit will be and will do the work in filing for the credit for you, if you desire.

Why This is Important For Your Business

I have had many of my clients who found out, in this way, that they do indeed qualify for the ERC.  Some had been told previously by their CPA that they did not qualify.

If your business, or medical or dental practice, was impacted by COVID-19, even if you received the PPP or EIDL loan.  I would highly recommend taking the time to determine, for certain, whether or not you qualify for this tax credit.

If I can be of any help in the process, or can answer questions on the ERC or any other cash flow related items, please schedule a time to talk with me using the link below.

Contact Me Directly

Let me know if articles of this type are helpful to you. If you would like to see more on this topic, would like coaching in this area, or have a topic to suggest, please leave me a comment, or contact me personally.

Please subscribe to this blog , or contact me with any questions.

Call me directly at 770-224-8504 or 888-780-1333
Schedule a phone call with me by clicking here
Visit my website by clicking here
Visit my YouTube channel by clicking here
Email me at David.wiener@cashflowstrategies.us

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