Showing posts with label Tax & Finance. Show all posts
Showing posts with label Tax & Finance. Show all posts

Thursday, March 9, 2023

Consumer Advocates are GOOD for everyone - Elliott Confidential

Consumer Advocates are GOOD for everyone.

I love reading Elliott's stories, of how his agency corrected the oversight, delays, malfeasances, from Corporations, who for whatever reason(s), are NOT living up to their standards, their Terms, THE LAW, in the selected cases he shares.

Advocacy is important, and saves EVERYONE money. It's true. While bad employees may play narcissistic games with certain customers, or the corporation itself just dropped the ball in some way; while statistically their run-around, saves them money in their current cycle P&L, just wait long enough, and the Class Actions or Independent Civil Suit, costs them more than solving the problem in the first place, generally. The consumer's time can never be gotten back, but it's a small win for each customer who was wronged.

And it keeps corporations in check. All Corporate Problems are People Problems. So that means they have an employee, who is either failing or breaking the law, somewhere in the chain and sequence. Or a manager or leader, who is ignoring the bad egg on their team, or willfully committing fraud.

Having a problem, always costs more than prevention.
VC funded companies that I've worked at, have teams, and build prevention into their model, from day zero. These, are the best places to work for, and be a part of from my experience. Not a blanket statement about VC, as it also takes discretion. The companies I picked, the leadership team was honest.

Smaller companies can avoid fixing the problem, and this is often like the Movie Pyramid, Time v Money v Quality. The error ended up being BUILT-IN to their model, often due to:
(i) Their leader(s), being strong in one or more areas, but no one can know everything. That error, shows where they need to strengthen or shore up.
(ii) Not enough time; they're caught in a cycle with not enough employees, and too much work, and/or a previous "unexpected problem" that they're still trying to overcome. This problem, is fixed by carving out time for leadership training and reprioritizing. When the leader works with experts and re-evaluates their priorities, they start making different decisions daily, and their company begins to transform.
(iii) Not enough money. Often due to initial sticker shock. When they see the price tag of fixing the problem, it's an expense they feel they cannot afford. They have to change the timeline, to see the cost clearly, and how correcting it, is actually protecting them, saving them time and expense.

Elliott Confidential helps. If you believe in truth, freedom, oversight, and companies doing the right thing by consumers, please help them out by:

- Subscribing.
- Consider a donation, which is tax write-off on your 1040 & Schedule A.
- Or providing a payment to Elliott, which can reduce your tax liability on a Schedule C or 1120.

How do you feel, when you support something that is bigger than you, that helps others? And how does that feeling, keep on giving back to you?

"If it's free, we're the product." ChatGPT

"If it's free, we're the product."

https://www.darkreading.com/risk/employees-feeding-sensitive-business-data-chatgpt-raising-security-fears

Tuesday, February 21, 2023

2023 PTIN

My 2023 PTIN

Thank you H&R Block, for your training, enthusiasm, and the people you attract. A company of accountants and tax professionals that want to be there, and exude warmth.

Feel free to check out this referral link, for help with your taxes.

Wednesday, February 15, 2023

2023 Financial License for Tax Reporting

October - December I earned a Financial License in California to report to the IRS. It was more work than I thought it'd be. The testing was easier than I estimated, which is in part why I chose it; I wanted it to be an accumulation of my career work, where the classes & testing would be easy, for me. It's all State & Federal Tax Law. I must admit, I love making complex things easy; knowing the minute details & variances of law. It feels satisfying.

I picked Accounting & Tax as a career, because it's necessary therefore stable. It also helps people. I noticed early on that when I worked for Corporations, I lost interest unless they were doing something technologically advanced, which is a hook for me. I also enjoy real-estate companies. But mostly, I gravitated toward Small Business, as those effects, felt the biggest, more profound, and relatable. When you save a small company funds, earn them larger returns, structure them correctly for protection & profits. When they share with you after, that the extra income helped their children go to a better college. That, made the long days, number crunching, tax law books, worth it.

In 2018, I started doing forensics on counterfeit technology using to commit financial fraud, related to the Anthem Data Breach. Judge L gave me a restraining order against a Threat Actor Involved, who works for Clare Bronfman of Wisdom Systems, indicted for NXIVM. The perpetrator, sought me out, for an accounting contract, which I exited as he failed my due diligence. He told me he had worked with The Dalai Lama, and his company was looking for experts with press portfolios to work with.

I was determined to get down to the bottom of the technology he was using for fraud. I believed I could, based on my work at Joby Energy & my father's work before that at Seagate & Quantum Corporation. I've grown up around advanced technology. There is a picture of me coding around 1989, which was after my dad had a Round Table with a man named Ritchie, who worked for IBM. We had Macintosh, PC, & handheld computers from Singapore in our home. I naturally preferred sports, reading & writing, but my adopted parents were protective; and never wanting to be bored, I'd explore the devices when at home. I thought they were cool, as other kids didn't have them. I started to code a little bit, focusing on what was inside & what results could be produced. This knowledge was useful in my career as Financial Controller for companies that employed Engineers, as I knew much of what they were talking about. This knowledge has produced a marriage of my experience, while preforming forensics since 2018. 

I'm not a computer scientist. I'm an Accountant & Reporter. Audits & Truth are important to me, as well as, How Things Work.

No matter the ins and outs of my work, I believe, that Truth Always Prevails, In The End at least.

I believe, that Once Expanded, People & Society, shift, becoming better.

#NXIVM #Taxes #Audits #forensicaccounting

Wednesday, February 8, 2023

What's Your Bank Code?

Thank you, #DwayneRichards, for the meetup about Communication in the CPA Industry. Small reminders, that make big differences. =)

Dwight offers a simple personality assessment, that helps professionals cater their styles, and questions that work. It took 20 seconds.

Give youself a few seconds or few minutes, and feel free to share your results! I'm curious!

Thank you, #DwayneRichards, for the meetup about Communication in the CPA Industry. Small reminders, that make big differences. =)

Dwight offers a simple personality assessment, that helps professionals cater their styles, and questions that work. It took 20 seconds.

Give youself a few seconds or few minutes, and feel free to share your results! I'm curious!

https://my.bankcode.com/dwayne.richards#

Tuesday, February 7, 2023

Is your company compensating you for your training & time? Are they paying into your Social Security & Benefits?

Hmm... this article is interesting, to me. I hope if anyone has been considering an MLM, that they think twice.

https://www.entrepreneur.com/business-news/onlyfans-star-opens-up-about-being-part-of-an-mlm-cult/444436

I appreciate the culture + enthusiasm of SOME companies where people think for themselves, act for themselves, are entrepreneurial, and view themselves as marching to the beat of a different drum. I like people like that. I have recognized these people in some MLM's, and while I like a person as a person, MLM's have been on my No List since 1999, immediately after I first learned about them.

My perspective, is that they are a form of MODERN DAY SLAVERY, where the company may be committing tax evasion or exploiting tax loopholes, and manipulating the individuals who are working for them. This is my general opinion, which is chunking up, and is NOT specific.


Normal healthy people, we help others when we can, when it's sensible. However, we are assuming we're helping someone who is like us, another Frog. 

Similiar to The Emperor's New Clothes, if you're living something, you're on the inside, and Human's are myopic. We have to get outside of ourselves and our lense, to see it how other's do. 

A lie may not be able to be seen, unless we change our vantage, create healthy emotional distance, take a look at our blind spots, and also remove all variables "binding" us. A man I met who meditates on neutrality, and the profound ability to create when you drop attachments, taught me some aspects of this, which I value.  What I found to be the most relatable, is as Jocko Willink teaches. No one is perfect. We all have some bias. But we CAN see clearly, if we change where we are standing.

If you're living in it, within a group or company, the damage that is being done, may not be able to be seen, until the invidual becomes the casualty, or the Attorney General has indicted.

https://en.wikipedia.org/wiki/The_Scorpion_and_the_Frog

Besides questionable corporate structure, in MLM's, I also see over-priced products, which pains me because of how they're sold. It's not about the margins nor the product, it's about corruption in the sale. 

Margins in retail, well they depend.  But very very loosely, something is marked up to a price where the profit is 50-200% (8x+ with things like soda), and then profits lower from there (i.e. on Clearance, "everybody" is losing money [well, wholesale brokers can profit with clearance]).

With one MLM in Reno, the product sold to the consumers, The Pitch (THE LIE) was that the buyer was saving money since the sale was "Direct".  But the product mark-up was 400% with profits going to the (a) Rep, (b) their Manager, and (c) their Director, in a pyramid scheme of commissions. The company was overcharging consumers by at least 300%.

Let's explain it, in a different way. If the product cost the company $250, and it was being sold to consumers claiming a Direct/Wholesale rate, then a consumer is thinking that they'd pay $500 in store, and that they're only paying 10-50% more than wholesale to buy it direct, which is $275-$375. However, their price tag is $1,000 if they pay outright, or higher if they select a payment plan.

If it wasn't a tiered commission scheme, then the consumer is actually paying $250 in commission to the rep, $250 to the rep's Manager, $250 to the rep's Director. They're buying a $250 peice of equipment, for $1,000.

The consumer is being lied to. They think they're buying something at a Wholesale/Direct rate of $1,000, where the value of the equipment, would be $500-$900 - but it's only worth $250. Bottom line, this is consumer fraud, ethics violations, more.


The 2018 MLM man I met, believed his company was good. I felt that he, and it, was deeply wrong. In fact, that criminal, was operating a shell company with his father, and using it to launder profits from their actions related to trafficking with convicted Clare Bronfman.

(I reported the son in 2018, and later on, when I was traveling, Clare herself came out to Arkansas with a Caravan of her followers, to intimidate me. It was telling as to her level of perceived threat assessment; I'm a nobody; and her followers, have nothing to do with me.  My work, is more State and Federal level, and I could care less about her.  I have no time nor energy for people nor operations like what her case files read, which I ended up reading, related to my 2018 case on a Cyber Threat Actor.)

https://www.justice.gov/usao-edny/pr/nxivm-executive-board-member-clare-bronfman-sentenced-81-months-prison-identity-theft

It's strange to me, the parelells that a lifetime in industry provide. 

SIDEBAR: I'm living to be healthy & athletic into my 100's with biohacking plus ancient wisdom of the Ojibwe. I'm only 40% through my life.

In 1999, the brother of Dr. Danielle Roberts, a NXIVM member connected to Clare, wanted me to join a derivative of Amway.

https://www.timesunion.com/news/article/NXIVM-loyalist-Danielle-Roberts-loses-license-for-16501584.php


Back then, I went to one meeting with her brother, after he refused to honor my "NO", pressing me to go (his behavior was wrong). 

SIDEBAR: Within several years of that, I learned how to say NO forcefully & professionally, to all people who violated boundaries like him

(Several times, I also said NO in ways I was not proud of, in the moment. Yet a decade or more later, when I read about company indictments, I was GLAD I said NO in the way I had, as the person or company, ended up being criminal.)

In 1999, I went to an "introduction meeting/seminar", hosted at a Golf Club in Santa Cruz, and I thought the business was wrong, with people working for free.

I'm not a sales person.  I've always reported finance. Half of my career, I've also worked with managing employees or B2B customers. Her brother through marriage, "Jay" (nickname), did NOT care about me, who I was, what I did, what my strengths, weaknesses, preferences, wants, nor desires were.  He only cared about himself, his sister's cult, and Their Machine.

After meeting the Direct Sales MLM members, I called a business man who had been involved in my adoption, and asked him what he thought about that particular Amway derivative. He told me those companies were corrupt in general, that they were bad business, and that while some members could profit, that it would most certainly tarnish my reputation, the reputation of my family, and hurt my ability to gain reputable clients in finance & government reporting, or any other respectable industry. He said to NEVER engage. I took his advice in 1999, and have avoided all MLM's since.

MLM's have been getting a lot of news coverage over the last some years. I believe they are damaging, and commit versions of tax evasion + violate employment laws. I see them utilize language models to manipulate. I think it's very sad. I want all people, to be free, safe, and paid for their time.

If you're part of an MLM or Direct Sales company, I'm not against you. I'm FOR all humans (if your brain is scanned and your empathy lobe lights up, you're human to me). I'm for structures that are good, and that help people completely. I'm against all fraud, all corruption, and things that hurt/damage including lies, theft, manipulation. I've also never walked in your shoes, and I don't know your life, your reasons, nor your results. 

I'm simply against the corporate model. Not you, but the way the company is practicing, recruiting, selling, and reporting their wages paid to consultants & employees. They're avoiding paying state and federal taxes on the misclassified consultant and failing to pay the individual for all of their time. The hire, will often see the benefit of this, if they want freedom in their role. Yet if you crunch the numbers over a the span of employment, say, a year or ten years or twenty, the company is saving millions, and the consultant doesn't get paid back for Social Security, Paid Family Leave, COVID relief, Unemployment, other.  I'm against THAT model.