Spring Training is underway, bringing baseball players back for another season. It is a time of unbridled confidence when every team imagines it will win the World Series, and every player will have a record-breaking year. As a Ranger fan, I’m particularly excited about the prospects for this year! Of course, few of these predictions come true and only one team wins.
It is also TAX TIME as the clock ticks closer to the April filing deadline. Just like a major-league ballplayer returns to Spring Training to get the basics down, it is important not to overlook deductions and credits to save money on your tax bill.
Like athletes, the most successful business thrive under competitive pressure. Yet, as Warren Buffett says, “it is only when the tide goes out do you discover who’s been swimming naked.”
Two of Dallas’s home grown retail companies are feeling the change occurring in retail. One has filed bankruptcy and the other is looking for a new buyer. The landscape is changing rapidly with the online approach to shopping.
The Dallas Morning News reported that in a conference call on Tuesday, March 14, Neiman Marcus CEO Karen Katz said: “while Neiman Marcus remains at the forefront of luxury shopping, people are shopping less.”
“Customers are making fewer trips to the store and the mall and more trips to the web. They want newness, exclusivity and the best price,” Katz said. “Driven by these expectations, and thanks to the information available to them on the web, more and more we are seeing our customers shop multiple stores or websites, not just ours.”
Tuesday morning at 6:30 am, I am coming in from a walk with Buddy.
Tina says “Did you get my text?”
I reply, “No my phone is here”.
Picking up my phone I see It is not the kind of text you want to get when you are hot and sweaty from a run or when it is coming to you from your significant other.
The text says “Be prepared for a cold shower. No hot water”.
Hello Financial Olympian’s™
With all the technology that you use do any of these scenarios sounds familiar?
Scenario #1: I want to check my allocation on my 401(k), but I need to login into my account to do so.
Crap. What was my password again?
“Even if you’re on the right track, you’ll get run over if you just sit there” – Will Rogers
Can you spare some change?
I am not talking about the coins in your pocket or purse. I am talking about real transformation.
Over the last 18 months, Tannery & Company has changed. We began by
- Working towards becoming a Flat Team giving each team member increased responsibility.
- We relaunched our websites
- Introduced our Blueleaf Client Net Worth Dashboard designed for all family members.
- Provided risk assessment technology to capture a quantitative measurement of a client’s risk tolerance.
- Utilizing Smart Vault portals to increase our digital engagement and security with our clients.
- Adopted the XERO technology;