LEGAL DISCLAIMER

 

 

No representations or warranties are made with respect to the accuracy or completeness of the contents of the articles on this website. This material is purely educational in nature and it is not my intent to provide professional tax, investment or legal advice. The strategies contained herein may not be suitable for your situation. Seek professional advice as appropriate. The sole purpose of this website is to educate. The author shall have neither liability nor responsibility to any person or entity with respect to any loss or damage caused, or alleged to be caused, directly or indirectly, by information contained herein.

 

Characters, businesses, events and incidents are either the products of the author's imagination or used in a fictitious manner.
Any resemblence to actual persons, living or dead, or actual events is purely coincidental.

 

All of the above statements were recommended to me by my attorney. We live in litigious times.
The purpose of my website is to tell the truth and share my 20+ years of experience with the public on the subjects of taxes, accounting and business management. I don't claim to be infallible. I do claim to do my best.

Business Cases:

Nucor Steel: Into the Storm

10-25-2011 Hits:3613 Company Analysis George Adams

Nucor Steel: Into the Storm

One of the largest steel companies in the U.S.had a forty year track record of unbroken profitability until 2009. How can Nucor succeed in a tougher, harsher climate?

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RITZ-CARLTON (Circa 2008)

12-14-2011 Hits:4018 Company Analysis George Adams

RITZ-CARLTON (Circa 2008)

 The business strategy of luxury with a human face requires both popularity and exclusivity. How can Ritz-Carlton master this apparent contradiction?

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SAS Company Analysis (Circa 1995)

12-13-2011 Hits:3600 Company Analysis George Adams

SAS Company Analysis (Circa 1995)

Does it pay to fly dirty?

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Otis Elevator (Circa 2004)

12-13-2011 Hits:4877 Company Analysis George Adams

Otis Elevator (Circa 2004)

The largest elevator company in the world has to make some tough choices.

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Vertex Company Analysis (Circa 2003)

12-27-2011 Hits:2843 Company Analysis George Adams

Vertex Company Analysis (Circa 2003)

Crucial business decisions can benefit from the insights of combinatoric analysis.

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Walmart Company Analysis (Circa 2003)

12-27-2011 Hits:2931 Company Analysis George Adams

Walmart Company Analysis (Circa 2003)

The largest retailer in the world is getting too big to grow any further without new and better thinking.

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Sara Lee Corporation (Circa 2008)

12-27-2011 Hits:2876 Company Analysis George Adams

Sara Lee Corporation (Circa 2008)

Nobody doesn’t like Sara Lee, until the company started hating itself.

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Southwest Airlines (Circa 2010)

12-27-2011 Hits:3271 Company Analysis George Adams

Southwest Airlines (Circa 2010)

How can the most successful U.S. airline keep it up?

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The Power to Save the World: Fusion, the Unknown Ideal

12-28-2012 Hits:4091 Company Analysis George Adams

The Power to Save the World: Fusion, the Unknown Ideal

Energy is the ultimate question of our time: how do we get it, at what cost and what consequences?

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Business Issues:

SELLER FINANCING: WHAT YOU NEED TO KNOW

08-09-2018 Hits:353 Business Issue Analysis George Adams

SELLER FINANCING: WHAT YOU NEED TO KNOW

Trying to sell or buy a business or commercial real estate? If you are the biggest obstacle you will encounter is financing.

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WHY THINGS GO WRONG

06-23-2018 Hits:241 Business Issue Analysis George Adams

WHY THINGS GO WRONG

 The supreme Enemy of Mankind is an equation.

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WATCH YOUR MAIL

06-15-2018 Hits:265 Business Issue Analysis George Adams

WATCH YOUR MAIL

It is an unfortunate fact that many people and businesses treat administrative tasks like opening up mail as a nuisance. When people get busy with substantive work and the distracting events of life these seeming nuisance tasks get neglected, leading...

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MEASURING EMPLOYEE WORTH

05-30-2018 Hits:312 Business Issue Analysis George Adams

MEASURING EMPLOYEE WORTH

The job market today is tough and highly competitive. The first concern of many employees is to just hold onto their job. Labor force mobility (workers quitting one job to begin another) is at an all-time low. But all workers...

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SMART MID-YEAR TAX MOVES

05-30-2018 Hits:482 Business Issue Analysis Administrator

SMART MID-YEAR TAX MOVES

Mid-year and mid-summer arrive on schedule every June 30th or so. Here are some smart tax moves you should consider in order to avoid a nasty 'April surprise' next year:

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PLANNING FOR THE UNEXPECTED

05-30-2018 Hits:287 Business Issue Analysis George Adams

PLANNING FOR THE UNEXPECTED

Anyone who owns anything of value needs three things to document their intentions and protect their interests. These three critical documents are a will, a durable power of attorney and a living trust.

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MAINE OPPORTUNITY CREDIT

05-30-2018 Hits:1067 Business Issue Analysis George Adams

MAINE OPPORTUNITY CREDIT

One of the most generous and most overlooked Maine income tax credits is the so-called Credit for Educational Opportunity. In my experience few accountants and even fewer clients are aware of its existence. The credit is intended to reward college-educated...

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UNUSUAL TAX RULES

05-30-2018 Hits:302 Business Issue Analysis George Adams

UNUSUAL TAX RULES

The tax law is a strange hybrid containing many obscure rules, exceptions to the exceptions, and deeply counter-intuitive definitions. Buried in the clutter of what Congress created is opportunity. Finding useful opportunities in the tax law is like digging through...

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THE NEW TAX LAW

12-31-2017 Hits:4776 Business Issue Analysis George Adams

The 2017 Tax Cuts and Jobs Act was signed into law on December 22, 2017 and represents the most significant change in tax law since 1987.

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IT'S TAX TIME AGAIN

02-02-2017 Hits:1747 Business Issue Analysis George Adams

IT'S TAX TIME AGAIN

The 2018 tax filing season opened on Monday, January 29th when the IRS began processing returns.

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HOW TRUMP DID IT

11-09-2016 Hits:2015 Business Issue Analysis George Adams

HOW TRUMP DID IT

This article is strictly non-political and explains how the billionaire Donald Trump legally avoided income taxes for many years.

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WHAT RECORDS SHOULD YOU GIVE YOUR ACCOUNTANT?

01-12-2017 Hits:1830 Business Issue Analysis George Adams

WHAT RECORDS SHOULD YOU GIVE YOUR ACCOUNTANT?

For many people it's not obvious what records and information their accountant needs. This article will discuss the most important information your accountant must know when it's time to do your taxes.

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BEWARE OF DARK CARS

01-12-2017 Hits:1633 Business Issue Analysis George Adams

BEWARE OF DARK CARS

One phenomenon that began in the last few years in Central Maine is dark cars

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YEAR END TAX PLANNING

11-29-2015 Hits:2652 Business Issue Analysis George Adams

YEAR END TAX PLANNING

Once more it’s time to play another deep game of chess with the IRS. Are you ready? The clock is ticking....

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Why Are You Using An LLC?

05-20-2012 Hits:6573 Business Issue Analysis Administrator

Why Are You Using An LLC?

It can cost you a fortune if you choose the wrong entity for your business.

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Pi and Pi Squared

10-31-2011 Hits:6783 Business Issue Analysis George Adams

Pi and Pi Squared

How can companies motivate innovation and manage internal conflict effectively?

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Secret Unions: Employee Collusion and Conspiracy

10-25-2011 Hits:6778 Business Issue Analysis George Adams

Secret Unions: Employee Collusion and Conspiracy

Anyone can use Game Theory to try to get ahead. But sometimes there is a better, simpler strategy.

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Jump! Employee Performance On Trial

10-31-2011 Hits:6304 Business Issue Analysis George Adams

Jump! Employee Performance On Trial

The true and the obvious frequently differ, especially when it comes to assessing employee performance.

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You Have to Break Eggs to Make an Omelet

11-30-2011 Hits:5786 Business Issue Analysis George Adams

You Have to Break Eggs to Make an Omelet

Some employees take their work seriously while others don’t.

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The Fallacy of Teamwork Part I: Train of Thought

11-30-2011 Hits:7035 Business Issue Analysis George Adams

The Fallacy of Teamwork Part I: Train of Thought

Is teamwork the answer to every business problem?

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The Fallacy of Teamwork Part II: Michael Jordan Doesn’t Need a Memo

11-30-2011 Hits:7843 Business Issue Analysis George Adams

The Fallacy of Teamwork Part II: Michael Jordan Doesn’t Need a Memo

What does neuroscience have to say about the applicability of the team sports model to business collaboration?

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On the Relative Importance of Sales People and Technical People to Business

11-30-2011 Hits:6294 Business Issue Analysis George Adams

On the Relative Importance of Sales People and Technical People to Business

Is it really true that technical employees are just a bunch of nerds a company puts up with so its star sales people can make big profits?

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Business Cannot Ignore Its Environment

11-30-2011 Hits:6459 Business Issue Analysis George Adams

Business Cannot Ignore Its Environment

The power of goodwill to destroy the most successful companies.

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Artificial Intelligence

11-30-2011 Hits:8757 Business Issue Analysis George Adams

Artificial Intelligence

There is nothing new under the sun, until computers become smarter than the smartest person.

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The Growing Spectacle of Job Lotteries

11-30-2011 Hits:6259 Business Issue Analysis George Adams

The Growing Spectacle of Job Lotteries

A new take on the growing commodification of labor.

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Understanding Tax Clients

06-05-2012 Hits:4197 Business Issue Analysis George Adams

Understanding Tax Clients

The primary cliché of our profession of taxes and accounting is that every client is different.

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Making Business Succeed, Part One: Winning at Retail

06-26-2013 Hits:4446 Business Issue Analysis George Adams

Making Business Succeed, Part One: Winning at Retail

What you don't know may put you out of business.

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Making Business Succeed, Part Two: Fresh Thinking For Farmers

07-23-2013 Hits:3796 Business Issue Analysis George Adams

Making Business Succeed, Part Two: Fresh Thinking For Farmers

There are many reasons for having faith in a seed.

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Making Business Succeed, Part Three: Succeeding with Services

09-05-2013 Hits:6583 Business Issue Analysis George Adams

Making Business Succeed, Part Three: Succeeding with Services

Your journey to success will have many twists and turns. Here are important insights to guide you to success with your service business.

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Making Business Succeed, Part Four: Victory for Vacationland

09-26-2013 Hits:4188 Business Issue Analysis George Adams

Making Business Succeed, Part Four: Victory for Vacationland

Tourism and related businesses dominate the economy of Vacationland.

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Five Key Facts of Life for Non­‐Profits

08-14-2013 Hits:5015 Business Issue Analysis George Adams

Five Key Facts of Life for Non­‐Profits

You may be the last line of defense for your non-profit organization.

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CLOUDY, WITH A CHANCE OF PAIN

07-30-2014 Hits:4927 Business Issue Analysis George Adams

CLOUDY, WITH A CHANCE OF PAIN

The truth about cloud-based accounting and the dangers of bundling.

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TAX RETURN FRAUD IS RAMPANT

04-26-2015 Hits:2921 Business Issue Analysis George Adams

TAX RETURN FRAUD IS RAMPANT

According to a January 2015 news release from the IRS, for the period 2011 – 2014 the tax agency stopped 19 million suspicious tax returns and prevented the issuance of approximately $63 billion in phony refunds.

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GEORGE'S POWER BREAKFAST

01-17-2016 Hits:5294 Business Issue Analysis George Adams

GEORGE'S POWER BREAKFAST

Business owners are the nucleus of their business, the center upon which everything else depends. It is frequently the case that business owners simply can't afford to get sick. Healthy food is the best preventative medicine of all.

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GHOST ASSETS

10-26-2016 Hits:1812 Business Issue Analysis George Adams

GHOST ASSETS

Are You Being Haunted By Them? If You Are It’s Costing You Money

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Contact Me

Member

Telephone: (207) 989-2700
Fax: 1-866-444-0032
Email - georgeadams@intelligenceforrent.com
Address: 450 South Main Street: The HQ of IQ
               Brewer Maine 04412-2339

Maine Society of Certified Public Accountants
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Bangor Region Chamber of Commerce
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Published Contributing Writer-Maine Eagle Magazine
New England Peer Review

 

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