The Five Capitals – A Cheat Sheet
The success or failure of a business lays in understanding the potential and actual consequences of more than financial capital.
Jake Jacobs Named One of the Valley Top 200
RSJ Senior Partner, Jake Jacobs featured as one of the Top 200 Advisors of the year by San Fernando Valley Business Journal.
Important Information About Recent IRS Notices
To Our Valued Clients, Over the last few days we have received IRS notices for clients proposing unpaid taxes, penalties and possible failure to file assessments. Due to the volume of notices we received, we investigated…
California Franchise Tax Board – Website Changes
As of January 1, 2016, the California Franchise Tax Board has updated its website. Learn more about how this might affect you.
On Grieving During the Holidays: The First Thanksgiving Without My Son
My 28-year-old son died in July.
Writing these words stops me. I sit in my seat, staring at them.
How can they be true?
It is hard to move past these words today, in particular. It is one day before Thanksgiving, and I am wondering how I will make it through tomorrow—the first big holiday without my son.
Swatting a Fly with a Sledgehammer
When someone is interested in purchasing another business, it is common practice to hire an accounting firm to investigate the affairs of that prospective purchase. We recently welcomed one such firm to complete some due diligence on one of our clients.
Tapping Into Social Capital for a Great First Impression
Founding Partner Tony Rose has written and spoken about the important role Social Capital plays in the success of your business. So, it is not surprising that at RSJ we place a great deal of importance on your first point of contact with our firm.
Meet Jessica Hull.
Bringing the Real World of Accounting into the Classroom
After 29 years in any career, it is easy to forget what it was like when you were finishing school, wondering what your future held and how you would actually put your degree to use.
Thanks to a professor friend of mine at Cal Lutheran University, I have the opportunity several times a year to meet with CPA students who are in exactly this position. I am able to talk candidly about my three decades at the firm of Rose, Snyder, & Jacobs, about the business and what to expect from it and how to succeed in the accounting world.
One of the topics I like to focus on — especially with this generation — is ethics. It is important that students go into this industry with their ethics intact. We discuss cases of fraud by using examples of our own clients, as well as some cases that have made the national headlines. We talk about the reasons accountants might be willing to go along with these unethical practices, as well as how they ultimately got caught and the consequences their actions delivered.
Say Hello to the Elephants Quadrant Two: Solutions
This article by Tony A. Rose first appeared in the Fall 2014 issue of Business World magazine, a publication by Russell Bedford11057214-rbnewlogobkeyrc International.
We all have elephants – problems, needs or truths that we ignore even though we must face up to them. Often our elephants may be of a professional nature. We may also have personal elephants. In Say Hello to the Elephants I offer a way to confront issues, along with tools to address problems, achieve clarity, and make decisions. I call this Quadrant Thinking. In this, the second of four articles, I present an overview of Quadrant Two: Solutions.
Solutions
In Quadrant One we looked at reaching clarity and how that makes everyday problems manageable. Having achieved clarity and defined your goals you know where you want to go. In Quadrant Two we will look at how you get there: your solutions.
Above all, your solutions must be SMART:
• Specific
• Measurable
• Actionable
• Relevant
• Time-bound
Say Hello to the Elephants Quadrant One: Clarity
This article by Tony A. Rose first appeared in the Spring 2014 issue of Business World magazine, a publication by Russell Bedford11057214-rbnewlogobkeyrc International.
The elephant in the room – English idiom meaning that which all can see but none choose to discuss or confront.
We all have elephants – problems, needs or truths that we ignore even though we must face up to them. Often our elephants may be of a professional nature. We may also have personal elephants. In Say Hello to the Elephants I offer a way to confront issues, along with tools to address problems, achieve clarity, and make decisions. I call this Quadrant Thinking.
Quadrant Thinking
Quadrant Thinking is a four-part process. In a series of four articles I will present an overview of each quadrant.
• Quadrant One: Clarity
The Importance of Nurturing Your Relationship with So-Called “Strangers”
I write in my second book, Five Eyes on the Fence, about the importance of protecting your social capital. My thesis is that financialFive Eyes on the Fence_WEB capital is a byproduct of four other types of capitals. When human, social, intellectual, and structural capital are well-tended, financial capital flourishes.
Social capital can be summarized in two words: Relationships matter.
The strength of your relationship with clients, potential clients, vendors, employees, and colleagues determines the extent to which these relationships can be accessed as a resource. The stronger the social capital, the more likely your financial capital will benefit.
And the stronger your relationship with strangers, the better your social capital.
I know what you are thinking, “Wait a minute: How can a person have a relationship with a stranger? Isn’t not knowing the person the very definition of a stranger?”