Pheeze

Thanks to all for the advice. Agree is seems wise to have a professional set of eyes look at our taxes, at least for this first year.

Now to the next question - any advice on how to find help? Should I just google local CPAs and interview a few? I'll also ask a few of my local friends, neighbors for references.

Wondering if this is the kind of service where you can find a quality solution online or whether a local, in person provider is the best option. I've gotten so used to doing so much business through Zoom/Teams that it feels like it can be used for this application as well.

It’s Bieniemy….all makes sense now

My wife is in sales and just gave her two week notice to her current employer that she's leaving to go work for a competitor. They mentioned today that they wanted her to sign something before she left. We don't know for sure what it is but it's likely to be some sort of confidentiality, non-compete letter.

Other than goodwill, is there any reason why she should consider signing something like this before leaving?

My advice to her has been that she's under no obligation to sign anything before leaving a company and she'd just be exposing herself to more risk than necessary by signing it. Am I missing anything?

Does anyone know of an affordable way to scan about 10k standard size pages into digital format? I have a few boxes of old coursepacks (binders with all the course contents/cases) from my MBA courses that I'd like to get rid of but I want to make sure I still have access to the content. After searching online the lowest priced options I found were about $0.10 - $0.15 per page but I was hoping there was a cheaper alternative out there.

I figured there'd be a few others on this board that have had to deal with a similar issue and figured out an affordable solution.

How formal is the dress? Nice jeans and button down or slacks and coat?

Here's the general prioritization I use when figuring out where I should direct my retirement savings:

1) Contribute to 401k up to company match - in your case this would be ~4%
2) Contribute the remainder to a Roth IRA until you hit the limit
3) Contribute the remainder to a traditional IRA - though I think if you've hit the limit in a Roth you won't be able to contribute to a traditional
4) Any remaining allocated retirement funds should then go back to your 401K (add to the 4% above)

My rational in using IRA's instead of 401k (after you've exhausted the company match) is that you have many more investment options. Also the overall tax advantages of a Roth will most likely be better than the 401k assuming you're ok with less take home right now.

One more advantage of a Roth IRA is that you can withdraw your contributions at any time without penalty - you shouldn't ever plan on doing this but there is significant value in having this option compared to the others.

quote:

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Is your DSO being calculated using average AR over the two year contract period?

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Yes - I'm calculating a historical DSO in order project a future cost of DSO. My reasoning is that if a certain client has some historical DSO they are likely to sustain that behavior in the future. If I'm about to sign a 2-year contract with that client then I want to understand what my cost to finance their DSO will be.

I need some help calculating the cost of excessive DSO (days of sales outstanding) for specific clients.

I think I'm clear on calculating the cost of a single unit of DSO on an annual basis: Client's Avg Sales $$ Day X my company's WACC. Am I correct in this calculation?

Assuming that's correct, I'd like to take it a step further and assess the potential cost of DSO for a specific client over a 2 year contract. To do this, do I just multiply the calculation above for that client by 2?

I hope this makes some sense. Any help would be appreciated.

I'm thinking of converting a traditional IRA (old 401k) to a Roth for the 2010 tax year. When do I need to make this decision? Can I wait as long as April 15, 2011 to make the call?

I'd like to wait until I complete my federal taxes to see what impact various conversion amounts will have but not sure if I'll have that luxury.

Lived there for 3 years and have seen this view from the plane many many times.

Also considering a new front-loader set. Is paying for a washer with steam cleaning option worth it?