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Grants from Hurricane Sandy, taxable?

7/31/2013

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If you, personally, received a grant in relation to Hurricane Sandy, chances are that grant isn't taxable to you. However, if you are a business that received a disaster relief grant,  it IS FULLY TAXABLE. Hate to be the bearer of bad news, but we also don't want you getting stuck with an unexpected tax bill.

Please see these links for more details:
http://www.sba.gov/community/blogs/hurricane-sandy-tax-and-financial-implications-your-small-business
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Constructive Criticism

7/29/2013

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Nobody likes to hear the negative.  Yeah, I know, we all say, "Please give me feedback".  But when the feedback comes and it stings, it still hurts.  And yet, we still need it, don't we?  How else are we going to navigate the market?  I guess feedback can always come in the form of being fired.  The marketplace doesn't always speak, but it gives feedback, nonetheless.

I see the highest goal of criticism as to create a match.  I'm telling you what I like and/or hate about your services or products...and if I'm skilled in this, in a way that doesn't hurt your feelings...and in a way that you'll believe that this is something that needs improving, and if you do it and it works...then yey, we get to connect at a higher level and be better at what we do, together.

And then, of course, we each have the challenge to discern where the feedback is coming from.  Is this a positive or negative place?  And is this something I even want to correct?  Sometimes feedback has to hurt.  Other times, a tweak here or there is all that is needed. And sometimes it should be ignored.

We don't always do what  is right or respond well to criticism...or even get a second chance when we blow it but if we get feedback, we at least have something to work with.

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Congrats to our Client, Cloudsmith, Inc., on their merger into Puppet Labs, Inc.

7/18/2013

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Migrate to Xero for Free

7/17/2013

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are you frustrated with the limits of your current accounting system?
The cloud is ready and we can help you make the switch!

Xero accounting software
Xero Certified Advisor
Quickbooks desktop accounting software changed the accounting world when it became the de facto solution for small business. Since then, the tools available for accounting have moved to the cloud and can be connected and accessed online in any browser.

The Tunstall Organization, a Xero Certified Advisor,  has partnered with Xero.com, a $2+ billion accounting software provider, and for the rest of July 2013 we are offering to migrate your current accounting file to Xero for FREE when you sign up with one of our Accounting Solution Plans.  

If you've been considering moving to a cloud based solution or you're just fed up with your current software, give us a call. We'll be happy to discuss the process, the pros & cons and the next steps.

Thank you,
David
President
The Tunstall Organization, Inc. 


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Perspective

7/15/2013

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Why even have an accounting system?  

Insight: The foundation of any business is in the "numbers".  Having accurate and timely figures is how you will get a gauge on what is happening in your business.  

What we measure, we manage; what we manage, we improve.

So, what "numbers" should we be looking at and what about the reality that business is not just numbers...that business is about people?

First of all, the "numbers" of any business are only important if they can give insight into behavior.  At its core level, a good accounting system should monitor both your business' and your customer's behavior and the effects each has on your business.

Secondly, a well set-up accounting system will accurately capture the "numbers" you will need to produce the basic reports you'll need to gauge the financial health of your business: Profit & Loss Statement, Balance Sheet, Receivables Aging Statement, Payables Aging Statement and Cash Position.

The Tunstall Organization, Inc. is in the business of assisting businesses set up and maintain accounting systems so that you can see what is happening in your business and then focus on the part of your business that drives profits.
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Accounting Solution Plans - Service & Price Changes

7/12/2013

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We've updated our solution offerings and some price changes below.
  • Copper Solution price is now only $149/ month.
  • Set-up Fee for Gold Solution is now only $1,500.
  • Set-up Fee for Platinum Solution is now based on a Needs Evaluation.
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Musings on recent news

7/10/2013

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Looks like big business won this one:
Auditors grow roots to their Aeron chairs
i07 released beta 3.
Less veritgo, better screen orientation.  Overall, nice improvement...so far.
Newsstands in NYC can now carry items costing $10 (up from $5)...although, hmm, could have sworn cigarettes are ~$11. 
Barnes & Noble moving on from the Nook
Research in Motion changes its name to Blackberry. Good or Bad idea?
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The Tunstall Organization, Inc. 
615 S. College ST. 9th Fl
Charlotte, NC  28202

200 Broadway - 3rd Fl WeWork
​ New York, NY 10038
​

​info@tunstallorg.com
212-420-1077

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