Entrepreneurship Series: Men With Hats

From time to time I write articles about the tenets of good entrepreneurship qualities and guidelines, and this article definitely fits within that category. In teaching entrepreneurship classes, one thing that often is discussed is the need for professionals to wear many hats. This is especially true with start-ups and very early-stage companies. Typically these firms just do not have the resources to attract and compensate a full compliment of…

Financial planning complicated by expiration of Bush tax cuts – Published in Noozhawk on Monday, September 10, 2012

The phrase “Bush tax cuts” refers to changes to the United States tax code passed originally during the presidency of George W. Bush through the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA), and the Jobs and Growth Tax Relief Reconciliation Act of 2003 (JGTRRA).  Frequently the key aspects and implications of these two acts are spoken of collectively as the Bush tax cuts. The Bush tax cuts…

Removing mark-to-market accounting rules is the exact opposite of what we should do (published in the Santa Barbara News Press in February of 2009)

Mark-to-market accounting is essential to our financial system, and to the health of our economy.  Recently, many have called for relaxing or the complete abandonment of mark-to-market accounting rules.  They feel that the only way to get us out of the financial calamity we find ourselves in today is to remove the requirement that firms place the correct value of assets like mortgage-backed securities held by banks, on their financial…