How well do you know your customers? Which ones are the most profitable? Which ones take most of your time? It's worth taking the time to find out. If your business is like most, the 80-20 rule applies. That is, 80% of your profits come from 20% of your customers.
If you can identify that top 20%, you can work hard to make sure this group remains satisfied customers.
Pay more to fly. Beginning July 1, airline passengers will face higher fees. The Congressional budget agreement raises the aviation passenger security fee on travelers from $2.50 for each flight leg to a flat charge of $5.60 per one-way trip. This amounts to as much as an extra $6.20 for a round-trip nonstop flight, but just $1.20 more if a passenger changes planes on the inbound and outbound legs
It's been coming for three years, but now the day of tax reckoning for higher-income investors has finally arrived.
Caution: For the first time, you may have to pay the 3.8% Medicare surtax on "net investment income" (Nii) on your 2013 tax return. The tax is computed on Form 8960, Net Investment Income Tax—Individuals, Estates, and Trusts.