Blog

• July 2010

  Posted on 07/21/2010 in Newsletter

  Link Newsletter Our monthly newsletter, Link Newsletter, is full of tips, reminders, and timely advice to help you stay well informed when it comes to your business and personal finances. If you have questions about any of the articles, feel free to email Damon Yudichak at Damon@yudichakcpa.com. July 2010 Focused Information for the Small Business Owner Volume 2, Issue 6 Damon Yudichak Portrait by Charles Gupton Quote Insanity: doing the same thing over and over and expecting different results. Albert Einstein US (German-born) physicist (1879 – 1955)     In This Issue What’s Opera Doc? Damon’s Big Lesson Reader’s Corner The Marketer’s Mind Get In Touch With Your Inner Comedian What’s With the Moon? About Me What’s Opera Doc? As a child, my favorite cartoon was a Bugs Bunny cartoon titled “What’s Opera Doc?”. Like the typical Bugs Bunny cartoon, Elmer Fudd hunts Bugs Bunny. In this cartoon with the help of his Spear and Magic Helmet, Elmer starts his journey to “Kill the Wabbit”. The cartoon then becomes a Wagnerian Operatic delight. To this day this is still my favorite cartoon. Little did I know as a child that I would grow up to become a huge fan of…

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• Unintended Benefits

  Posted on 07/03/2010 in Blog

  I just got back from a housewarming party for my of my clients who just bought a new house. Yesterday I finalized his 2009 tax return. He just bought his new house and qualified for the first time home buyer credit.Last fall I met him and reviewed his 2008 tax return. One thing I noticed was that he received a large refund in 2008. I spoke with him and said it probably made sense to change his payroll tax withholding so that he was paying so much in taxes. I asked him if he really wanted to get a big tax refund each year. While it may be nice to get a big check, the problem with getting a big tax refund is you can’t use the money during the year and extra couple hundred dollars of take pay each paycheck could make a big difference.The big benefit of this would be that he would have more take home pay each paycheck. He really liked that and I helped him changed his withholding taxes.It turns out that as a result of this he and his wife were able to qualify to buy a new home which they were very excited…

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• Gratitude

  Posted on 07/02/2010 in Blog

  It’s really easy to get caught up in the day to day of managing a business, maintaining customer relations, balancing life with work and trying to maintain sanity.Today I thought about how full my life is. When I take the time to think about what a wonderful life I have, it is an emotional and gratifying experience.Here are the things I’m grateful for:I live in a safe neighborhood where I can walk anytime of the day.I own my own homeI own my own businessI love my workMy work makes a difference for my customersI have rich friendshipsI’ve been able to receive a great education from a excellent universityI’m constantly challenged in my work which forces me to grow as a professional and personI’ve always been able to pick myself up whenever I had a personal tragedy and grow from it.I have a wife that still loves meI have children who still think I’m a heroThis list is shorter than what it really deserves. I’m happy to have the life I have and the people in my life are what makes me rich.

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• Getting Lost in the Woods

  Posted on 06/11/2010 in Blog

  I’m risking a little bit by writing this post. Sometimes I get lost in the woods. You know the phrase “You can’t see the forest for the trees.” This is the feeling I have over the last couple of weeks. Things have gone well for me this year. I’ve achieved success this year that has been very rewarding. There have been moments, almost on a weekly basis for so happy and joyful about my work and life that I became a bit emotional.Despite all the good things that have been happening to me, I still felt the last couple weeks like something was wrong. Part of this feeling was probably due to the amount of work I did during tax season. I simply got tired and needed a break.Problem was (yeah I know complain about having too much for). I continue to get new clients. . It’s exciting when I get new work.I became a bit overwhelmed and stressed. I remember a friend telling me that sometimes, as a small business owner, she wondered if it might just be better to get a job at Wal-Mart. This last week, I certainly felt that way.The reason I write about this is…

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• May 2010

  Posted on 05/21/2010 in Newsletter

  Link Newsletter Our monthly newsletter, Link Newsletter, is full of tips, reminders, and timely advice to help you stay well informed when it comes to your business and personal finances. If you have questions about any of the articles, feel free to email Damon Yudichak at Damon@yudichakcpa.com. May 2010 Focused Information for the Small Business Owner Volume 2, Issue 5 Damon Yudichak Portrait by Charles Gupton Quote We make a living by what we get, we make a life by what we give. Sir Winston Churchill British politician (1874 – 1965)     In This Issue My Favorite Song Damon’s Big Lesson Reader’s Corner The Marketer’s Mind Paul Miller Profile What’s With the Moon? About Me My Favorite Song At the beginning of the month I had the opportunity to attend the 40 under 40 Awards gala. It was a wonderful event. My wife attended with me and we sat with Tom O’Connor of BB&T who was also awarded the 40 under 40 for Wake Forest. Eyecare Associates sponsored our table and I got to sit next to Brian Hoyle, who was the emcee for the event. Brian Hoyle is also the voice of the Carolina Hurricanes. Now you may…

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• 40 Under 40

  Posted on 05/07/2010 in Blog

  Today, I attended the 40 Under 40 banquet sponsored by the Triangle Business Journal.It was a wonderful event. This year I was one of the 40 under 40 award recipients. It was a great honor and very thrilling. I remember growing up that I was always at the end of the line because my last name starts with Y. As a youngster it always bothered me a bit. Now I actually enjoy being last in a line because by being last I get to be remembered more.Char Grunwaldt the publisher of the Triangle Business Journal was one of the speakers. In that speech she started reading a quote from one of the winner’s blog posts. As I was listening, I realized that she was reading from my post Seeing My Own Potential last week.I didn’t realize when I started to blog last year that people would actually read my writing. It was quite a compliment to me that my words from my blog would be read in front of the whole audience at the 40 Under 40 banquet.One thing that I really enjoyed about the event was the presentation ceremony. As each winner went to the stage their favorite song…

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• Seeing My Own Potential

  Posted on 04/30/2010 in Blog

  A couple of weeks ago I got a call from an editor at the Triangle Business Journal. He told me that I had been named as one of the 40 under 40 for 2010. I was nominated for the award in February this year. This was very important award to me because it represents what I strive to be “A Business Leader in the Community”.What does it mean to me to be a business leader in the community? It means that I am dedicated to making a difference in my community.Winning the award has been wonderful. It’s been very emotional to me. I know a number of people who have won the award in previous years that I truly respect. They represent the best of humanity. They live their lives in a way that makes a difference. They are the types of people that I admire and want to fashion my life after.I’ve thought about what it means that a selection committee from the Triangle Business Journal this year chose me.It means that I am a peer to the people that I respect and admire.I can’t begin to describe the feelings I have on an almost daily basis. I’ve never…

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• April 2010

  Posted on 04/21/2010 in Newsletter

  Link Newsletter Our monthly newsletter, Link Newsletter, is full of tips, reminders, and timely advice to help you stay well informed when it comes to your business and personal finances. If you have questions about any of the articles, feel free to email Damon Yudichak at Damon@yudichakcpa.com. April 2010 Focused Information for the Small Business Owner Volume 2, Issue 4 Damon Yudichak Portrait by Charles Gupton Quote Some national parks have long waiting lists for camping reservations. When you have to wait a year to sleep next to a tree, something is wrong. George Carlin US Comedian and Actor (1937 – 2008)     In This Issue 40 Under 40 Damon’s Big Lesson Reader’s Corner The Marketer’s Mind 100 Days to Abundance in Wake Forest What’s With the Moon? About Me 40 Under 40 I am pleased to announce that this year the Triangle Business Journal named me as one of the 40 under 40. This is a very competitive award and I’m thrilled to have been chosen. At this point in my career, it is the most significant award I could receive. To be eligible, the individual must have: attained significant leadership roles in their organizations achieved a significant…

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• March 2010

  Posted on 03/21/2010 in Newsletter

  Link Newsletter Our monthly newsletter, Link Newsletter, is full of tips, reminders, and timely advice to help you stay well informed when it comes to your business and personal finances. If you have questions about any of the articles, feel free to email Damon Yudichak at Damon@yudichakcpa.com. March 2010 Focused Information for the Small Business Owner Volume 2, Issue 3 Damon Yudichak Portrait by Charles Gupton Quote To give anything less than your best is to sacrifice the gift. Steve Prefontaine American Track Athlete (1951 – 1975)     In This Issue 10 Years Together Damon’s Big Lesson Reader’s Corner The Marketer’s Mind Charles Gupton What’s With the Moon? About Me 10 Years Together Tomorrow, March 31, my wife Angel and I celebrate our tenth wedding anniversary. A lot has happened since we started our lives together ten years ago. In August 1999, I finished my enlistment in the Army and moved to Raleigh to begin my accounting degree at North Carolina State University. I met Angel shortly after I moved to Raleigh and after a short courtship we were married March 31, 2000. Angel comes from a large family. She had three older brothers and when she was born,…

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• February 2010

  Posted on 02/21/2010 in Newsletter

  Link Newsletter Our monthly newsletter, Link Newsletter, is full of tips, reminders, and timely advice to help you stay well informed when it comes to your business and personal finances. If you have questions about any of the articles, feel free to email Damon Yudichak at Damon@yudichakcpa.com. February 2010 Focused Information for the Small Business Owner Volume 2, Issue 2 Damon Yudichak Portrait by Charles Gupton Quote To give anything less than your best is to sacrifice the gift. Steve Prefontaine American Track Athlete (1951 – 1975)     In This Issue Not Sleeping Yet Damon’s Big Lesson Reader’s Corner The Marketer’s Mind The Humor of Life 100 Days to Abundance in March About Me Daddy, I’m Not Sleeping Yet Last night I was sleeping and at about 1:00 am, I heard my oldest daughter Norah crying. I went into her bedroom and asked her what was wrong. It took a while for her to get out the words because the crying had overtaken her. Finally she said, “I need my bunny slipper.” I touched both of her feet and noticed that one had a bunny slipper and one did not. At that hour of the night the last thing…

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