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Wilson Lake
Getting you back to what matters
Getting you back to what matters
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Being self employed, is hard. We have said it before, and you know it as much as anyone else, you wear all the hats in your business, are expected to be the master of each, and know everything. The benefit is you reap all the rewards, the downside is you…
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There is a lot of misconceptions about how tax deductions work, and we want to help demystify this a little bit. We at Wilson Lake don’t recommend purchases solely for the purpose of obtaining a tax benefit. There are times where it can be beneficial to…
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Learn Michael E. Gerber's 10 principles to a successful small business.

If you are an entrepreneur, and you aren’t reading regularly. Not prolifically, you don’t have time for that, but regularly. You are limiting the size of your toolbox and not growing as a professional. You owe it to your customers and yourself to continue…
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Independent Contractors, and other 1099 type individuals such as Real Estate agents are in a unique position compared with more traditional employees. They are not subject to normal tax withholdings, and are responsible for managing their own tax payment…
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Here are the Shark Tips from the People's Shark, Daymond John.

I recently attended a Chase for Business event. I’ll start off by saying that it was an exceptionally well put together event, and the information provided was invaluable. If you have the opportunity to go, I recommend it. The high point of the event was…
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Cloth vs Disposable Diapers - The Accountant's Way.

One of the reasons I chose to be an accountant was because it is a career with a set of skills. Which I can use to benefit me both professionally but also in the home. One of those is the ability to perform a cost benefit analysis. And with some changes…
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5 Steps to turn data you already have into actionable business intelligence

Understanding what happens in a business is important. For a small business going with their gut is often the only option for a business owner. Data takes time to collect, and time to convert into meaningful information. The goal is to maximize the value…
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How a little shoebox created a big obstacle for one small business.

Every business has its obstacles, and part of what helps some business owners to succeed and even thrive is their ability to overcome those obstacles. We recently had the opportunity to help one small retail outlet overcome one of their biggest obstacles.…
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The why and how of a bank reconciliation

No one likes Bank Reconciliations, well, maybe. Either way, we recognize that they aren’t fun. But they are important. First we will identify why they are important, then we will talk about how to do them. Because if they aren’t done frequently, they only…
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  I’m going to be up front and honest. I play Pokemon Go. I have my reasons, of which I will discuss, but I do enjoy the game. But as the game is deceptively complex, and if a “Trainer” wants to catch them all, they need to play smart. And because . . . …
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