TSD Memphis


Financial planning for launching a small business

CharlesSimsJr-160Are you considering making the transition from the role of employee to small business owner in this evolving economy? Start by strategizing and prioritizing your financial planning responsibilities.

With the collective guidance of a qualified tax adviser and Certified Financial PlannerTM professional from the Financial Planning Association, you can assemble a well-organized system of tracking what you spend to produce income. In addition, you can sensibly save money by learning more about eligible tax deductions you should take for your self-employed business.

Apply the following pointers and perspectives to efficiently develop and manage your new business:

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How to close the business

CarleeMcCullough-160There is a right way and a wrong way to close, dissolve or wind down the business. Simply walking away will leave a lot of open doors that need to be closed permanently.

Although it is never pleasant to shut down, sometimes you close a door so that another may open. If the business is not working and it cannot be saved, dissolve it and regroup. Bob Johnson of BET started and closed several businesses before hitting it big and becoming a billionaire. Not bad for regrouping, huh?

The goal of closing a business systematically is to close it quickly in a cost effective manner. So, the big question is: How do we properly close a business?

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This week’s DVD releases

downtown 600Top Ten DVD List for Dec. 17, 2013.

"Downton Abbey: Seasons 1, 2, & 3 with Season 4 Sneak Peek"


"Masterpiece Mystery: Inspector Lewis: Pilot through Series Six"

"One Direction: This Is Us"


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Weekly Previews That Make Choosing a Film Fun


"American Hustle" (R for sexuality, pervasive profanity and brief violence) David O. Russell wrote and directed this crime drama about a couple of con artists (Christian Bale and Amy Adams) forced by an overzealous FBI agent (Bradley Cooper) to infiltrate a New Jersey underworld inhabited by mobsters protected by a crooked, big city mayor (Jeremy Renner). Support cast includes Jennifer Lawrence, Louis C.K. and Michael Pena.

"The Hobbit: The Desolation of Smaug" (PG-13 for intense violence and frightening images) Second installment of the fantasy trilogy based on the J.R.R. Tolkien classic finds Bilbo (Martin Freeman), Gandalf (Ian McKellen) and company continuing their epic journey to Lonely Mountain for a showdown with a fearsome dragon (Benedict Cumberbatch). Cast includes Orlando Bloom, Cate Blanchett and Stephen Fry.

"A Madea Christmas" (PG-13 for profanity, crude humor and sexual references) Tyler Perry's back in drag in this adaptation of his holiday-themed play, set in a small Southern town, as a moralizing, motor-mouthed granny straightening out sinners while spreading Christmas cheer. Ensemble includes Tika Sumpter, Larry the Cable Guy, Anna Maria Horsford, Kathy Najimy and Chad Michael Murray.

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We need a return to simple acts of kindness

LucyShaw-160Dear Lucy: It's Christmas time and everybody is trying at the last minute to get donations for all kinds of things. It starts at Thanksgiving when we get sent on a guilt trip to help feed people. Is it me or is this the only time that people are expected to give? It all seems so fake.
– no more to give

Dear No More To Give: Recently, out of curiosity, I looked up the origin of "Black Friday." Among other things I learned that it has something to do with that particular Friday being the last big chance for retail businesses to turn a profit for the year. And then there is the tax incentive to get some giving done to go on your year-end tax return. And finally there is guilt or the idea that we should have some feelings around giving to the less fortunate.

I mention all of these because giving is not an easy or automatic thing for many people. In a society where "me" is number one, it takes more and more to squeeze out kindness.

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