Business Briefs

September 2012

FEDERAL INCOME TAX RATES FOR CORPORATIONS


For Taxable Corporate Income:

From: To: The Tax Is: Plus: Of the Amount Over:
$0 $50,000 $0 15% $ 0
50,000 75,000 7,500 25% 50,000
75,000 100,000 13,750 34% 75,000
100,000 335,000 22,250 39% 100,000
335,000 10,000,000 113,000 34% 335,000
10,00,000 15,000,000 3,400,000 35% 10,000,000
15,00,000 18,333,333 5,150,000 38% 15,000,000
18,333,333 unlimited 5,150,000 35% 18,333,333

Are you making effective use of corporate dollars to achieve your personal financial security goals?


MESSAGES
from the Masters...

TOP SKILLS OF EXTRAORDINARY LEADERS

by Chris Widener

Those who become Extraordinary Leaders are those who master the skills of leadership. Followers will follow leaders based on two primary aspects: The Leader's character and his or her skills. Here are the top skills an Extraordinary Leader must master. Get on top of these and you will find your influence growing extraordinarily!

1. Good Communicator. Extraordinary Leaders are those who can take the vision they have and communicate it in ways that their followers can easily understand, internal, and own. Then, and only then, can they carry it out! So focus on speaking and writing more clearly, and with the passion that you have for the vision you have. Use different ways of communicating, including different ways verbally and non-verbally. Above all, communicate often!

2. "Sees" the End Result Long Before Others. I think the greatest compliment on my leadership skills I ever received came from a gentleman who told me that "you see things about 6 months before the rest of us." Without tooting my own horn (okay, a little bit maybe...), that is a skill of a leader. They are always looking out ahead of themselves and their situations. Followers are worried about what happens today, while leaders are thinking about and strategizing about what they see for tomorrow. Be constantly looking ahead. Practice making projections. Get good at "seeing" the future. When you can do this better than others, they will look to you for leadership!

3. Ability to Define Goals for Self and Others. Do you know what your goals are? Can you define them? Can you articulate them clearly (see number one)? Can you do this for those who follow? Can you define and set their goals? An Extraordinary Leader works at clarity and definition of goals so that they can be internalized and acted upon by others. Work hard at this skill and others will follow!

4. Ability to Set Strategy and Course of Action. What will you do to reach the goal? Many people can say where we should go, but it is the Extraordinary Leader who can lay out a plan for everyone to get there! Work at laying out a plan for you and your followers. Remember that there are people with different skill and passion levels, and take this into account! Get good at this and when people want to get to their goals in a hurry, they will call on you to lead!

5. Ability to Teach Others. One of the greatest leadership development companies in the world has been General Electric. This is because their CEO, Jack Welch, has always emphasized the need for current leaders to teach others. He himself spends what others would consider an extraordinary amount of time in the classroom teaching. But remember, he is an Extraordinary Leader and he is developing Extraordinary Leaders to follow behind him. Work hard at your teaching techniques, and be sure to use as many situations as possible for the opportunity to teach those who would follow. 

6. Ability to Inspire Others. You may have a great goal, but if you want to be an Extraordinary Leader, then you will have to put a little oomph under your followers! This is the ability to inspire! Work at helping them to see the big picture, the great end results, and how good it is going to be for them and others. Above all, make it exciting. If it is a good goal, it should be exciting. If it isn't exciting, then dump it and get a goal that others can get excited about!

7. Delegates. An Extraordinary Leader is rarely a person who is doing everything him or herself. Extraordinary Leaders get there job done through others. They figure out the way, communicate the way, and inspire the followers to go that way, and then they get OUT OF THE WAY! Delegate to your people. Empower them! Set them free to soar! This is what an Extraordinary Leader does. Leaders who do it any other way are just extraordinarily tired at the end of the day with very little to show for it!

Brought to you by:

Jeffrey N. Schweitzer, EPA, CEP, ATP

Northeast Financial Strategies Inc

667 South Street
Wrentham, MA 02093
800-560-4637
jeff@nfsnet.com
http://www.nfsnet.com

About our firm:

Offering Financial & Estate Planning, Investments, Insurance, Accounting, Payroll, and Income Tax Preparation for Individuals & Small Business. "Financial Strategies That Fit YOUR Needs!"

QUOTES
from the Masters...

On Planning

"I find it fascinating that most people plan their vacations with better care than they plan their lives. Perhaps that is because escape is easier than change."

-- Jim Rohn

"Every evening, write down the six most important things that you must do the next day. Then while you sleep your subconscious will work on the best ways for you to accomplish them. Your next day will go much more smoothly."

-- Tom Hopkins

"Every minute you spend in planning saves 10 minutes in execution; this gives you a 1,000 percent Return on Energy!"

-- Brian Tracy

On Teamwork

"You don't get harmony when everybody sings the same note."

-- Doug Floyd

"Every employee must be essential to the functions of the organization."

-- Brian Tracy

"We can cooperatively make the world work for 100% of us - for the first time in history we have the technologies and awareness to do it."

-- Mark Victor Hansen

The purpose of this newsletter is to provide information of general interest to our clients, potential clients and other professionals. The information provided is general in nature and should not be considered complete information on any product or concept described.

For more complete information, please contact my office at the phone number above.

Published by The Virtual Assistant; � 2012 VSA, LP

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Thanks!


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