Sunday, January 30, 2011

Rating my Movies below are the first final four from list at bottom.

First Bracket four

Of my Movie Challenge. Tell me which you would choose.

I am going to watch the movies and make a final decision.

American Gangster



VS.

American Pie



Barbarians at the Gate




VS

Black Hawk Down




American History X
Brave Heart
American Gangster
American Violet
The Bank Job Statham
American Psycho
Ace Venture Pet Detective
Akeelah and the Bee
The Alamo (Billy Bob)
Beyond Borders
Awake
Austin Powers The Spy who Shagged me
American Pie 2
Absolute Power
About a Boy
Bruce Almighty
American Pie 1
Best in Show
Atonement
Beautiful Mind
Bewitched
Bend it Like Beckham
Air Force one
The Big Lebowski
All the Presidents Men
The Big Buy
Charlie Wilsons War
Austin Powers Goldmember
Annie
Antz
Amelia
A Bugs Life
Barbians at the Gate
Bio Dome
Bourne Identity
Body of Lies
Blood Diamond
Castaway
Casino
The Big Red One
Amazine Grace
Brave One (Jodie Foster)
Cheaper by the Dozen 2
Batman Begins
Boondock Saints
Beauty and the Beast
Anchorman (Will Farrel
The Changeling
Black Hawk Down
Boiler Room
Bourne Supremacy
Bourne Ultimatum
The Butterfly Effect
Catch Me if You Can
Casino Royal
The Blind Side
All the Right Moves
Breach
Chicago
Blades of Glory
The Cat in the Hat
Bringing Down the House
Bambi
Cheaper by the Dozen

Sunday, December 26, 2010

Tax Relief Passed

Summary of the Reid Tax Relief, Unemployment Insurance

Reauthorization and Job Creation Act of 2010

I. Temporary Extension of Tax Relief
Two major bills enacting tax cuts for individuals expire at the end of 2010: the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA); and the Jobs and Growth Tax Relief Reconciliation Act of 2003 (JGTRRA). The following package extends these provisions from EGTRRA and JGTRRA for an additional two years, through 2012, and will provide important tax relief to American taxpayers. The following package also extends a number of provisions enacted as part of EGTRRA that were modified in the American Recovery and Reinvestment Act.

Reductions in Individual Income Tax Rates

Temporarily extend the 10% bracket. Under current law, the 10% individual income tax bracket expires at the end of 2010. Upon expiration, the lowest tax rate will be 15%. This proposal extends the 10% individual income tax bracket for an additional two years, through 2012.

Temporarily extend the 25%, 28%, 33%, and 35% brackets. Under current law, the 25%, 28%, 33%, and 35% individual income tax brackets expire at the end of 2010. Upon expiration, the rates become 28%, 31%, 36%, and 39.6% respectively. This proposal extends the 25%, 28%, 33%, and 35% individual income tax brackets for an additional two years, through 2012.

If you need help go to www.BleifeldCPA.com and contact the firm.

Friday, July 16, 2010

Theory of Employment - Larry Winget meets Selden/Colvin Angel Customers

I have been expanding a theory by the authors Winget, Selden and Colvin related to staffing and managing employees I thought you may be interested in.

In any company you have 20% of the worker who are great, 20% who are bad and 60% in the middle.

The Top 20%

These are workers you don't even have to manage.  Just stay out of their way and try to make them happy.  The top 20% probably do 50% of the work that gets done in a company.  Unless you company is growing at a fast rate you will not be able to keep the top 20% long term as they are on such a fast track to success that they will eventually out grow the company. 

The Middle 60%

These are worker who are average in every way.  These are the workers who need the bulk of a managers time in training, review and mentoring to either motivate them into improve into the top 20% or show that they are actually a bottom 20% performer and should be replaced.  The middle 60% contributes about 60% of the workload.

The Bottom 20%

These are the worker where most managers spend the bulk of their time.  It is a waste for both you and the worker as you need to be focusing on getting the most out of your productive employees and not babysitting these jokers.  The bottom 20% of workers should be put on notice and fired unless they move into one of the higher categories in a short time.  They may be nice people, but they are not doing their fair amount of work.  The bottom 20% probably contributes -10% of the workload as their errors and lack of diligence cause more work for the other two categories.

So that is the basics of the theory.  My contention is that if a company does not fire the bottom 20% of employees and it is true that the top 20% leave then eventually you will end up with 50% or more of the employees in the bottom 20% of performance.  I believe that unproductive workers, much like unproductive customers actually do negative work as they cause problems for the rest of your workers.

Thursday, May 20, 2010

Form 1040X

Bleifeld CPA Tax Form of the Day

http://www.irs.gov/pub/irs-pdf/f1040x.pdf

The 1040X is the way to ammend or correct a tax return. They are undated and can be used for multiple years. A friend of mine who insists doing his own taxes missed a 30k tax deduction for a theft loss. I had to explain to him about the 1040X and how he could refile and get his money back.

Tuesday, May 4, 2010

Tax form of the Day IRS Form 945

  http://www.irs.gov/pub/irs-pdf/f945.pdf

Tax form of the day

This form is used to report withholding on non-wage tax withholding.
Use Form 945 to report withheld federal from nonpayroll payments. Nonpayroll
payments include:
• Pensions
• Military retirement
• Gambling winnings
• Indian gaming profits
• Voluntary withholding on certain government income tax withholding from pensions, annuities, and Indian gaming profits
• Backup withholding

Wednesday, April 21, 2010