Tag Archives

7 Articles

Planning for 2021 Now as the IRS Has Released Inflation Adjustments for 2021

Posted by presspass on
Planning for 2021 Now as the IRS Has Released Inflation Adjustments for 2021

As we look forward for the coming 2021 tax season, we can start planning for 2021 with these adjustments from the IRS:

  • 2021 Standard deductions:
    • Single and Married Filing Separately $12,550
    • Head of Household $18,800
    • Married Filing Jointly $25,100
  • Maximum capital gains rates of zero:
    • Single and Married Filing Separately $40,400
    • Head of Household $54,100
    • Married Filing Jointly $80,800
  • Kiddie tax threshold is unchanged and remains at $1,100
  • Adoption Credit Expenses $14,440
  • Section 179 begins phaseout at $1,050,000 and fully phases out at $2,630,000
  • Retirement Plan Amount for 2021 (All are unchanged from 2020)
    • 401k contributions – $19,500, 50+ catchup at $6,500
    • Simple-IRA contributions – $13,500, 50+ catchup at $3,000
    • Individual IRA’s and Roth IRA’s – $6,000, 50+ catchup at $1,000

There are other adjustments for 2021, I would be happy to discuss during the 2021 planning and discovery process.  With these number now, we can set goals and make plans for success in 2021 and beyond.

Leadership Trends to Watch for 2019 and Beyond

Posted by presspass on
Leadership Trends to Watch for 2019 and Beyond


With 2018 coming to a close, many of us are looking to 2019 and beyond. This article was originally published on Forbes.com in August 2018 summarizing the trends that emerged from the last 100 interviews conducted on Voice America Radio, Innovative Leaders Driving Thriving Organizations interview series.  It is the companion to an interview between Christopher Washington, PhD and Maureen Metcalf Top Leadership Trends in 2018 and beyond.

I host a weekly radio show that helps leaders update how they lead. The interviews are with key business leaders, global leaders, thought leaders, authors and academics. Each year, I publish the main themes we discuss on the show as well as in my consulting work with senior executives around the world.

I have now completed more than 150 interviews, and volatility was a recurring theme. This article is a synthesis of what we can take away as key factors for leaders and executives to focus on for the next four years.

1. Leaders must pay attention to trends and predictions.

As the rate of change accelerates, if you take a “wait and see” stance, you will be caught unprepared. The intersection of volatility, changes in technology and global interconnection means there are threats and opportunities on all fronts and a large pool of organizations poised to leverage both. Speed continues to matter.

2. Leaders and their organizations are becoming agiler.

A McKinsey survey of more than 2,500 organizations of different sizes, specialties and regions reported that “37 percent of respondents said their organizations are carrying out company-wide agile transformations, and another 4 percent said their companies have fully implemented such transformations. The shift is driven by proof that small, multidisciplinary teams of agile organizations can respond swiftly and promptly to rapidly changing market opportunities and customer demands.”

As leaders, it’s important to adopt a nimble mindset and culture. Being nimble means paying attention to trends and identifying small “experiments” you can run to keep up with or even ahead of the changes happening around you. Once you are clear about what will work for you and how it will work, pilot that change. Truly agile companies are always experimenting.

3. Organizations and their people must accelerate their pace of learning.

With an increase in agility, people and organizations will need to accelerate learning. In 1978, Harvard Business School Professor Emeritus Chris Argyris wrote Organizational Learning: A Theory of Action Perspective. This work continues to evolve and increase in importance, as learning provides a competitive advantage.

Take, for example, how organizations are automating more work. Employees who continue to learn and update their skills will be able to find new roles, while others who are not continually learning will be left unemployed or underemployed as their roles diminish.

4. Age range in the workforce will continue to expand.

As life expectancy continues to increase, many people will want to and need to work longer. Organizations will need to find ways to attract and engage older workers. They will also need to address the dynamics created when multiple generations of employees are working together on the same team.

With the decrease of age-based seniority, leadership will be taken by the best person for the role and will likely shift frequently in an agile environment. Organizations need to be creative in promoting engagement and teamwork across multiple generations.

5. Leaders need to identify and build talent at an increasing rate.

As technology evolves and organizations change more quickly, employees need to learn faster, and organizations need to identify workers to fill changing talent needs. Some of these needs will fall in the technology space, but not all.

We referenced older employees remaining in the workforce and returning. We also need to find ways to engage talent who have been previously overlooked. This could mean people leaving incarceration, people with disabilities who would, in fact, be great fits for certain roles, or adults who work from home because they are caregivers to their children or parents, to name a few.

6. Employee engagement will continue to be important in volatile times.

The importance of human interaction will continue to increase even as more of the workforce is working remotely – many rarely, if ever, meeting their colleagues. Leaders and organizations need to focus on soft skills such as emotional intelligence that have a strong impact on engagement and the effort employees put into communicating.

7. Communities must come together to solve quality-of-life and economic issues.

With the level of change, segments of the economy can easily be excluded from the workforce. The gap between economic haves (those with education, access and resources) and have-nots can increase, and the cost can be significant for the individuals, families and businesses impacted by a worker shortage.

Successful regions create organizations to tackle these challenges. This means organizations that traditionally compete for resources and clients also need to work together to solve challenges that impact them.

8. Effective leaders are conscious of their impact across a broad range of factors and stakeholders.

As we talk about conscious capitalism, the main idea is that “conscious” organizations tend to the health of a broad range of stakeholders. It becomes increasingly important to pay attention to the needs of competing stakeholders and balance these demands. Conscious capitalism is one mechanism that helps leaders explore the broader range of stakeholders and understand their drivers.

Business is getting more complicated and requires leaders to continually update their skills as well as their mindset and focus. This article summarizes some of my key learnings.

As a leader, are you seeing similar trends? What’s missing? What are you doing to prepare yourself and your organization to succeed during the next four years?

As a reader of this blog and listener to the interviews, please consider enrolling in one of the innovative leadership online leader development program. For additional tools, we recommend taking leadership assessments, using the Innovative Leadership Fieldbook and Innovative Leaders Guide to Transforming Organizations, and adding coaching through our online innovative leadership program. We also offer several workshops to help you build these skills.

Maureen Metcalf, CEO of Metcalf & Associates is a renowned executive advisor, author, speaker, coach and consultant.

Merry Military Month

Posted by Editor on
Merry Military Month

DrRed Says:

Please join us in C0126B33-5451-4726-8B2B-BF494CC4C3C0.jpegthe planning of Merry Military Month this November. It’s also the month designated by former President Obama as Warrior Care Month. Let’s plan the following activities:

Week 1 — Military History Week. Do you know how many uniformed services we have? When did the US Air Force become its own branch of service? Let’s get educated in Military History.

Week 2 — Military Awareness Week. Where are our military now and how  that makes the world a safer place? You’ll be amazed who’s on the job and where they are deployed.

Week 3 — Military Future Week. Do you know how great a career in the military is? The educational and cultural enrichment offered by our military is the best in the world. Check it out.

Week 4 — Military Appreciation Week. Sure, Veterans’ Day is 11/11, but why not take a clue from Thanksgiving and give some love and thanks to our forces worldwide? It’s a great lead in to Christmas, Hanukkah, Kwanza, and Festivus for the rest of us.

If you’re ready to join an international planning team, email DrRed at drsarahy@gmail.com.



New Year’s Resolutions for Your Business

Posted by Editor on
New Year’s Resolutions for Your Business

As a business owner, the beginning of the year is an exciting time. It brings an opportunity to reflect on what’s worked and what hasn’t, and resolve to make improvements to set your business on a path to success. We’ve compiled some resolutions to help you increase your business success this year.

Let Go of What Isn’t Working

Do you have a product or service that isn’t selling? Have you been sinking a lot of resources into marketing and sales efforts that aren’t yielding any results? If there’s something in your business that’s not working, commit to letting it go. Even if it means dropping a product or service, or changing your marketing or sales techniques. Your time is too valuable to get sucked into fixing something that is ultimately unworkable.

Work on the Business, Not Just in It

It’s easy to get drawn into the day-to-day tasks of running your business. But, it’s important to make time to work on your business, not just in it. Commit time each week to reviewing your business’ performance, identifying adjustments that need to be made, and planning for the future. Making time each week to plan your business will help you stay on track and feel more confident about the direction of your business.

Put Your Business Out There

Get more proactive about putting your business out there. Improve your online presence by launching your website or giving your website a fresh look. Identify ways to successfully promote your business online, and start executing on them. And, don’t forget that it’s still important to get out and promote your business in-person. Commit to participating in relevant networking events, trade shows, and other in-person activities that can help you meet potential new customers and partners.

Stop Doing Everything All the Time

There are so many things to do in the business every day. And, we might think we need to do everything ourselves, leaving us tired and stressed out. Find ways to automate some of your business processes, such as scheduling your social media through Hootsuite or Buffer or automating email campaigns with MailChimp or Constant Contact. Also, start bringing on independent contractors or employees to share some of the work so you can focus on growing the business.

Make Time for Yourself

You work hard to make your business successful. At the same time, it’s important to take time to recharge. Make time for life outside of work – spending time with family and friends, taking up a hobby or passion project, rejuvenating through self-care, or anything else that supports you to feel well-rounded. When you feel like a whole person, you bring your best self to your business.

Rani Langer-Croager is co-host of Envision radio show on the VoiceAmerica Variety channel and co-founder of Uptima Business Bootcamp, a network of member-owned business accelerators dedicated to providing entrepreneurs with greater access to hands-on education, mentorship, resources, and community to create thriving businesses.

This article is republished from the Uptima Business Bootcamp Blog. Please subscribe to our blog and newsletter to get these posts delivered to your inbox.

Enjoy this blog? Please spread the word :)

Follow by Email