Blog2021-10-19T11:00:14-04:00

When Your Profession Comes Calling

By |February 18th, 2021|

During my career, I have been blessed to serve my profession in many capacities, local committee chair, national financial literacy board member, public relations spoke person and active member. A few months ago, I was asked to serve in a new way. To develop a series of podcasts that revealed h...

The New Approach to Retirement Planning: part 3 {PFP Section}

By |February 16th, 2021|

Being in the people business of personal financial planning often requires shifting from an expert with all the answers to a coach who ask questions and listens. In this episode of the PFP Section podcast, Mackey McNeill, CPA/PFS, gives you the framework she uses for her first meeting with her retirement clients...

The Head Center – The Dynamics of Money – Using the Enneagram for Conscious Transformation

By |February 16th, 2021|

Continuing our journey into The Dynamics of Money, this podcast explores the head center, Types 6,7 and 5. If you are a head type, have a boss, spouse or good friend that is a head type, this pod will help you understand more about the habitual ways of thinking, feeling and behaving with money that are naturally present for types 6,7, and 5.

The Heart Center – The Dynamics of Money – Using the Enneagram for Conscious Transformation

By |February 16th, 2021|

Continuing our journey into The Dynamics of Money, this podcast explores the heart center, Types 3, 2 and 4. If you are a heart type, have a boss, spouse or good friend that is a heart type, this pod will help you understand more about the habitual ways of thinking, feeling and behaving with money that are naturally present for types 3, 2 and 4.

The New Approach to Retirement Planning: part 2 {PFP Section}

By |January 29th, 2021|

Being in the people business of personal financial planning often requires shifting from an expert with all the answers to a coach who ask questions and listens. In this episode of the PFP Section podcast, Mackey McNeill, CPA/PFS, gives you the framework she uses for her first meeting with her retirement clients...

Grow4Ways Leveraging a Simple System for Breakout Growth

By |January 18th, 2021|

Grow4Ways is for any business owner wanting to clarify & refine their growth plan and for leadership teams looking for alignment on strategic growth opportunities. Grow4Ways is a simple tool to help you change your mindset, sort your options for growth, narrow your focus to the most impactful opp...

Is Joy a Choice?

By |December 12th, 2020|

What if everything I consider “negative” is the seed of a gift? What if the universe is wise? What if moments I might initially rebel against are actually moments given to me by a benevolent universe to help me become a better human. One with more patience, persistence, humility, love, or wisdom?

Business By Design in five questions

By |November 9th, 2020|

Every business on some level is a business by default meaning that a system, client base, product, service, or culture was created in the vacuum of an intentional and designed system, client base, product, service, or culture.

Ruth Bader Ginsberg’s Lessons on Legacy

By |October 2nd, 2020|

Changing the world with 4 simple tools: Vision, Honesty, Planning, and Passion My life and my Mother’s life are just one generation apart, yet they were starkly different. When my Mother married, she dropped out of the workforce. It was what women

Economic Update – Fall 2020

By |September 14th, 2020|

businesses should be seeing – or soon will be experiencing – some recovery in their operations. Having said that, we do not anticipate a “full” recovery until mid-2021. There are numerous risks that could derail the recovery. Most notably, of course, a second wave of COVID-19 that causes governors and other governments to shut down their economies again.

Limiting Beliefs

By |September 9th, 2020|

Where are you limited? Your mind. It can be the gas in your engine of success, or it can be the brakes, stopping or slowing your progress. Your limiting beliefs show up in conversation. They show up in your mind chatter.

The Business Owner’s Biggest Tax Trap

By |September 9th, 2020|

It is impossible to build wealth without paying tax. Taxes are on sale, so buy now. Focus your time and energy on making your business as profitable as possible. Then engage a CPA who looks at your tax expense through a wealth creation lens and enjoy watching your wealth grow.

Should I Take Advantage of the Payroll Tax Deferral Executive Order?

By |September 3rd, 2020|

On August 8, 2020 President Trump put into action a payroll tax relief for employees with taxable wages that are less than $4,000 during a bi-weekly pay period through an executive order. Employers are able to defer withholding, deposit and payment of the Social Security taxes on those wages during the period of September 1, 2020 through December 31, 2020. This is not an exemption of the tax, but strictly a deferment.

How Many Clicks Does It Take?

By |August 28th, 2020|

I'm an entrepreneur; I love building things. My favorite part of growing a new company is sharing ideas about great products and services with potential buyers/customers. My favorite part is marketing, particularly when it works [...]

Harnessing the Power of Education and Training: Leadership Through Learning

By |July 30th, 2020|

I believe the first thing business owners need to understand is the difference between training and education. Training is utilized when you are trying to increase the uniformity, efficiency and repeatable quality of your product or service. Education is utilized to increase the autonomy of your employees to reduce the need for heavy handed management, nimble response, and increased customer/client satisfaction.

Is Hyperfocus Ruining Your Creativity?

By |July 23rd, 2020|

When you think of your business life, do you feel like you are on a steel bridge or a swinging one? Or somewhere in between? If you don’t feel completely confident in your business structure you are doing yourself and your business a disservice. When you have to hyperfocus on where your metaphorical hands & feet are or which way the wind might blow you are using all of your big beautiful brain power to not die (again, metaphorically). And that’s no way for a business owner to operate.

Are You in the Womb or the Tomb?

By |July 21st, 2020|

It’s a scary time. The novel coronavirus.  The government ordered shut down of schools and businesses. Massive unemployment. Social unrest. Remote everything. Change is in the air. It’s not the kind of change that is happening to someone else, it is personal, shifting your daily life in numerous ways. Change creates uncertainty. It can feel like the ground beneath your feet is moving. Where to you go to find certainty? Stability? Peace? Inside.

An Entrepreneur’s Largeness

By |July 14th, 2020|

Bestselling author, Sue Monk Kidd said in a recent interview with Brene Brown on her podcast, Unlocking Us, “Every person has their own particular genius, that is their largeness, that is unique to them. Bringing it forth is a life’s work… It’s frightening to think of having this part of ourselves, this magnitude, this passion in ourselves... Bringing forth your largeness is a gift to the world.”

Currant Leaves & Other Joyful Things

By |June 17th, 2020|

It is tempting to bow to the mind chatter that fills my head as soon as I awake. To make my first task, my to do list.  But I did not go into business to be a slave to it. I started my business to serve my passion for helping business owners, while at the same time giving myself the gift of creating the life of my dreams.  Dreams of joy and morning strolls.

The Mackey Money Minute – 3 Rs to Recovery – Revenue Resilience

By |June 11th, 2020|

“The best time to plant a tree is 20 years ago. The next best time is right now.” Resilience is the ability of a substance or object to return to its original shape after being bent, stretched, or pressed. Revenue resilience is the ability of your revenue stream to recover after an unexpected economic event. Resilience gives you the capacity to survive unexpected events, so you can thrive when the recovery comes.

The Mackey Money Minute – 3 Rs to Recovery – Revenue Friction

By |June 9th, 2020|

Friction is anything that makes it harder for someone to buy from you. As you recover revenue, how can you reduce friction in your sales, marketing and production processes? Think Amazon one click. Find what you want, one click and it arrives at your door. How can you embrace technology to make it easier than ever for clients and customers to buy what they need, from you? Examples of simple new technology tools that reduce friction are proposal software that gives instant and consistent feedback, calendar software making appointments easier to set up, auto billing software, content sharing and management tools, sales engagement, and of course, communication and conferencing software. Begin looking for places to reduce friction by mapping your process from marketing to sales, to production. Determine the current cost and time in each bucket. What is your 80/20 here? What 20% of your marketing, sales and production process is dragging 80% of your cost and increasing time and friction? Begin here as these are your most significant drags on profits. Gather a cross functional team and begin to deploy new ideas and technology. Keep asking, what makes it easier and faster for clients and customers to work with us? Right now, change is easier. With social distancing and business closures, everyone’s life has been impacted in some way. Change is no longer slow, it is fast, and constant. Your clients and customers are expecting change. And they are more willing to forgive you if things don’t go well the first time out of the box with a new change. For retailers, most bars, restaurants and entertainment venues, the journey from a customer’s home to your location is friction. If this is you, health and safety may be your biggest challenge in reducing friction. Over communicate and make your safety process front and center to the client experience. Spend a few minutes right now to capture your first thoughts on areas of friction in your process. Who are the best team members to gather for your cross functional team? Make notes now while things are on your mind. Set a time line for getting started. Join us next for a look at Resilient Revenue. Mackey

Create Efficiency to Create More Time

By |June 5th, 2020|

There are things that we must do in life to get ahead personally and professionally.  Not all things are fun and easy.  We just need to put on our big girl/boy pants and get them done.  Maybe we should not do them with a lazy attitude, but we can make sure that we are doing them in the most efficient manner.  Here are 5 simple changes to make that will help you get things completed more efficiently.

The Mackey Money Minute – The 3 Rs to Recovery – Revenue Passion

By |June 4th, 2020|

Recovering revenue runs the spectrum from regaining your customers trust in terms of health and safety so they feel safe continuing to do business with you, to completely reinventing revenue as you now know it today. The old idea, “this is the way we do it here,” must go. Along the way, attempt to rediscover your passion

The Mackey Money Minute – The 3 R’s to Recovery Introduction

By |June 2nd, 2020|

The 2020’s were already shaping up to be the most disruptive decade in our history. Accelerating technology, increasing impacts from climate change, generational wealth transfer on a massive scale, as well as a global leadership vacuum, were setting the stage for an accelerating pace of change… before the novel coronavirus came into our lives.  With COVID, it’s like we all boarded the Starship Enterprise, just as it was moving into warp speed.

Why Your Top Line isn’t Your Most Important Number

By |May 29th, 2020|

If you have ever played or watched golf, then you are probably familiar with the phrase “drive for show and putt for dough.” The idea here is, your drive can be a great and an impressive shot, but you don’t win tournaments and make money (dough) if you’re not putting well. I think this same concept applies to the way business owners think of their top line revenue.

Are you the Fuel, Engine or Engineer?

By |May 22nd, 2020|

Simply put, an engine is a machine for converting energy (fuel) into motion. And an engineer is a person who designs, operates and oversees an engine. Most business owners start out expect to be all three: fuel, engine & engineer for their startup. We bootstrap, use sweat equity, and “build the plane as we fly it” all in the hopes that little by little we find other sources of fuel to create motion within our business and build a sturdy engine to generate the profit & lifestyle we envision. We start generating cash, hiring a team, sourcing vendors, creating structure, investing in capital, etc.

Having Your Cake And Eating It Too

By |May 12th, 2020|

Having your cake and eating it too – Plan your transition and choose to keep working You love running your company.  Some of your friends have retired. You saw how excited they were when their [...]

Covid-19 Cash Flow FAQ

By |May 11th, 2020|

Covid-19 Cash Flow FAQ     Q: What is your number one tip to improve cash flow?   A: There are many things that you can analyze on your balance sheet from accounts receivable and inventory [...]

PPP & EIDL Loan Update 5/1

By |May 1st, 2020|

COVID-19 Daily Communications Information accurate as of 05/1/20 PPP & EIDL Updates:   It was confirmed Thursday by the Treasury and Small Business Administration that on Wednesday agencies temporarily shut out big banks from the [...]

Covid-19 Daily Communications 04/24/2020

By |April 24th, 2020|

COVID-19 Daily Communications 04/24/20 Highlights: The Senate and the House have passed the $320 billion second round of Paycheck Protection Program (PPP) stimulus relief dollars as of Thursday. A Presidential signature is expected as early [...]

Congress Reaches Deal on $450 Billion Package

By |April 21st, 2020|

COVID-19 Daily Communications Information accurate as of 04/21/20 Highlights: PPP & EIDL Loan Update Congress appears to of passed a new $450 billion stimulus deal--with another $370 billion earmarked for popular small business funding programs.  The [...]

By |April 21st, 2020|

The Prosperity Playbook is available now on Amazon! Build a plan for the future of your business! Turning a family-owned business over to the next generation is the biggest financial transaction a business owner will ever make [...]

COVID-19 Daily Communications 04/14/20

By |April 14th, 2020|

COVID-19 Daily Communications Information accurate as of 04/14/20 Highlights: SBA Economic Injury and Paycheck Protection Loan Program Updates High demand for Economic Injury Disaster Loans (EIDL) has led to important changes limiting the size of [...]

Need Loan Application Help?

By |April 7th, 2020|

The Paycheck Payment Protection program application window is now open! While many applicants are having success with the process there have been challenges to some, for instance, Wells Fargo has stopped taking applications. If you’re [...]

Cash Flow Tools

By |April 6th, 2020|

If you are like many of the business owners that we work with, you are scrounging together how to maintain as much business as possible during these tough economic times and trying to keep up [...]

Which Road To Take?

By |April 6th, 2020|

With so many possibilities, it is hard to determine which Covid-19 Stimulus option is right for you. Answer the questions above to start thinking through which next step to take. To access the links and [...]

Cares Act & Paycheck Protection Program

By |March 30th, 2020|

(Information accurate as of 03/30/20) Highlights: The Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”), signed into law on Friday March 27, 2020, introduces the Paycheck Protection Program (the “PPP”) with $349 billion in funding and [...]

Senate Passes $2 Trillion “CARES” Act

By |March 25th, 2020|

COVID-19 Daily Communications (Accurate information as of 03/25/20) Highlights: Senate passes $2 trillion Coronavirus Aid, Relief and Economic Security (“CARES”) Act. In the early morning hours.  Wednesday the Senate passes the most sweeping stimulus package [...]

COVID-19 Daily Communications 3/23

By |March 23rd, 2020|

(Information Accurate as of March 23rd 2020) Highlights: Senate fails to pass $2 trillion Coronavirus Aid, Relief and Economic Security (“CARES”) Act, stalling the enormous measure for the second day. The bill failed 49-46 just [...]

Families First Coronavirus Response Act

By |March 18th, 2020|

Families First Coronavirus Response Act Comm 2020.03.18 (Information accurate as of March 18th, 2020) It is our hope at MACKEY to continue bringing value-added conversations to our clients and prospects as it relates to an [...]

Business Owner 911 Response

By |March 18th, 2020|

Business owner 911 response to COVID-19 Below is a list of response business owners can take to weather the current economic system. Cash. Cash. Cash. Know where you are and if you don’t forecast cash, [...]

We are all in this together

By |March 13th, 2020|

(This information is accurate as of March 13th 2020.) Just when we think the world can’t move any faster, it does. Like many of you, my thoughts and actions around the coronavirus (COVID-19) have changed [...]

We Are Now on 100% Renewable Energy!

By |March 11th, 2020|

In an effort to truly model the need for a more sustainable operation, we will begin the transition this week to 100% renewable energy with the installation of a solar panel system on the roof of our Bellevue Kentucky office. We are now on 100% renewable energy!

What’s Your Make or Break?

By |February 25th, 2020|

What could make you? What could break you? Neither should be a straw on the camels back. A company’s Make-or-Break is the one thing your company must do exceptionally well in order to achieve its [...]

Open Book Management in 3 Easy Steps

By |February 12th, 2020|

A 2016 Robert Half report found that 25% of privately held companies share all their financial information with their employees, an increase in 18% from just four years prior.[1] This trend demonstrates that financial transparency [...]

Plan Your Work Then Work Your Plan

By |February 6th, 2020|

  After meeting with thousands of small-business owners in my career, my experience is that less than 2% of them have an annual plan. Yet when I ask clients what stands out about our work [...]

Choosing the Greater of Two Goods

By |January 29th, 2020|

Last year, I was helping Colleen, a new client, explore her company’s expansion into the craft brewery business. She had two location options, both of which were very lucrative. One was a dock from an [...]

2019 Economic Review

By |January 16th, 2020|

Even with slowing economic growth, 2019 proved to be a banner year for both stocks and bonds.  Favorable policy developments occurred that helped buffer the global manufacturing recession sparked by the trade war.  Key takeaways [...]

Tax Checklist

By |January 8th, 2020|

It’s everyone’s favorite time of year again. No, I know the holiday season is over. I am talking about tax season. Alright, I know it’s not really your favorite time of year.  However, hopefully we can […]

Is Your Business Ready for 2020?

By |January 8th, 2020|

Whenever I tell people what I do for a living, they just assume I only work for four months of the years during tax season. Well that couldn’t be farther from the truth. In fact, we […]

Spiced Bean and Sausage Soup

By |January 7th, 2020|

A prosperous winter supper Nothing fits more perfectly into a cold winter evening than a bowl of hearty soup. This one will warm your insides and put a smile on your face. Because it is simple […]

Want 2020 to Really Be Different?

By |January 1st, 2020|

  I don’t make New Year’s resolutions, but I do take this quiet time at the end of the year to reflect and acknowledge all the learning, growth and stumbles of the past year. 2019 has been […]

End of 2019 Projection

By |December 10th, 2019|

What might 2020 hold for global financial markets?  Broadly, more of the same … Volatility.   The past year has experienced significant instability for the financial markets.  December 2018 saw stocks sell off significantly only to rebound […]

Ginger Pumpkin Scones

By |December 10th, 2019|

Ginger Pumpkin Scones A prosperous holiday breakfast For me, food, really good food, is an essential part of my prosperity.  I love to cook and this blog post contains one of my favorite winter recipes, Pumpkin […]

Do You Listen or Just Hear?

By |April 25th, 2019|

Have you ever had a conversation with someone and thought, “are they really listening to me or are they just nodding their head in agreement?”  It is also frustrating to have someone lend a response [...]

Why Every Business Owner Needs a Doula

By |April 3rd, 2019|

Merriam-Webster Online defines a doula as a person trained to provide advice, information, emotional support & physical comfort to a mother before, during and just after childbirth. When I was pregnant with my daughter in 2015, [...]

The Power of Asking a Stupid Question

By |January 15th, 2019|

When you were young, your teacher said, “there are no stupid questions.”  You believed her once. Raised your hand and asked a question. Then at recess your classmates teased you unmercifully.  You made up your [...]

Market Moving News

By |January 8th, 2019|

As of this week, the government shutdown is now the longest in U.S. history.  Granted, it is only a partial shutdown. Previous wholesale shutdowns occurred in January 2018 over immigration (specifically saving DACA-Deferred Action for [...]

You’ve Got a Budget…Now What?!

By |December 26th, 2018|

As we enter the home stretch of 2018, most small businesses have already begun and finalized the process of putting together their budget for 2019. Time for reflection is over and most organizations are looking [...]

3rd Quarter 2018 | John’s Market Commentary

By |December 10th, 2018|

Well, 2018’s third quarter earnings season is history.  It was pretty much a repeat of both the first and second quarters.  The U.S. economy will stay strong in 2019 and inflation will tick-up above 2% [...]

To Niche or Not Niche

By |November 26th, 2018|

You’ve heard it a million times. You hear the word niche and think “Oh that sounds great, but I can’t simply choose only one because I love working with all of my clients.” Then you [...]

3rd Quarter Economic Update | November 2018

By |November 15th, 2018|

It can’t get a whole lot better in the U.S. job market (or can it?).  The employment situation continues blast through expectations.  The number of Americans losing their jobs and applying for unemployment benefits each [...]

Document Retention Guidelines

By |October 24th, 2018|

It is hard to believe that we will soon be saying “goodbye” to the Year 2018!  With the closing of the year usually comes the time to think about purging items in order to make [...]

Ask Mackey Episode 10 | 2018

By |October 9th, 2018|

Here at Mackey Advisors we have a “4 ways to grow your business” tool.  In a recent client coaching session, while using this tool, we arrived at 52 different strategies to grow the business.  After considering the [...]

The 4 Ways To Grow Your Business

By |October 4th, 2018|

Here at Mackey Advisors we have a “4 ways to grow your business” tool.  In a recent client coaching session, while using this tool, we arrived at 52 different strategies to grow the business.  After [...]

Revenue Rate of Growth

By |September 25th, 2018|

One of the questions we often hear from our business clients is, what did my revenue do this month? While this is a standard question, it is not always the best question to ask and [...]

Ask Mackey Episode 9 | 2018

By |September 12th, 2018|

Most business owners are lousy at finance.  The brutal fact is finance isn’t your first love.  You just want it to work and not scare the heck out of you.  The good news is, you [...]

Stop the Distractions!

By |August 28th, 2018|

Distractions are everywhere. Plain and simple. Everyone has them. Whether it be issues in our personal lives, constantly reading through the barrage of emails, hiring and on-boarding that new hire or finding the perfect office [...]

Ask Mackey Episode 8 | 2018

By |August 15th, 2018|

Team outings are a great way to create connection inside your team, let them learn about each other as everyday people and reduce workplace stress. Do you find it a stretch to invest in fun [...]

2nd Quarter Economic Update | August 2018

By |August 14th, 2018|

Real gross domestic product (GDP) increased 4.1% in the second quarter of 2018, according to the “advance” estimate released by the Bureau of Economic Analysis.  This is up from 2.2% in the first quarter.  The [...]

Benefits of Proper Inventory Management

By |July 25th, 2018|

For some businesses, inventory can be one of their largest assets and/or their largest expense.  Poor inventory management can make or break a bottom line.  Below are some benefits of proper inventory management: Improves cash [...]

The Tariff Tiff and History Repeating Itself

By |July 19th, 2018|

“History doesn’t repeat itself, but it often rhymes.” – Mark Twain Financial crises have hit the global markets on a regular basis throughout history.  And it appears financial crises will continue to pop up at [...]

Ask Mackey Episode 6 | 2018

By |June 14th, 2018|

Optimism is essential for an entrepreneur.  Your ability to see possibility propels you into business. In tough times, it is what keeps you in the game. As an optimist your attention is on tomorrow, on [...]

Optimism & Data

By |June 6th, 2018|

“When you argue with reality, you lose, but only 100% of the time.” - Byron Katie Optimism is essential for an entrepreneur.  Your ability to see possibility propels you into business. In tough times, it [...]

Kentucky Tax Update | 2018

By |May 29th, 2018|

On April 13, 2018, Kentucky legislation passed a new tax bill into law. Instead of reading the thousands of pages of the new tax law, which I know many of you enjoy dearly, I thought [...]

1st Quarter Economic Update | May 2018

By |May 18th, 2018|

Our economic indicators continue to run positive for the first quarter of 2018.  Consumer spending, business investments and residential fixed investments rose at a 4.6% annual rate.  Gross Domestic Product (GDP), a broad measure of [...]

Ask Mackey Episode 5 | 2018

By |May 9th, 2018|

Entrepreneurs are born with a “Fire Now” gene. The Ready and Aim of it all is lost on us. The good news is we are wired for action.  The bad news is we often fail [...]

Planning Is Everything

By |May 3rd, 2018|

Entrepreneurs are born with a “Fire Now” gene. The Ready and Aim of it all is lost on us. The good news is we are wired for action.  The bad news is we often fail [...]

Garbage In, Garbage Out

By |April 25th, 2018|

The concept of garbage in, garbage out is used in computer science when flawed, or nonsense input produces nonsense output or “garbage”.  I use this phrase a lot when I am working with clients on [...]

John’s Market Commentary Q1 | 2018

By |April 18th, 2018|

Well, 2018’s first quarter earnings season is in the process of winding down.  The first quarter of 2018 had considerably more noise with respect to earnings because of the new tax law changes.  However, earnings [...]

Ask Mackey Episode 4 | 2018

By |April 11th, 2018|

It is easy to talk about accountability and responsibility when it relates to others.  When you turn the mirror on yourself, it can be painful. Our cultural norms are to look outside of ourselves.  For [...]

Holding Yourself Accountable

By |April 4th, 2018|

It is easy to talk about accountability and responsibility when it relates to others.  When you turn the mirror on yourself, it can be painful. Our cultural norms are to look outside of ourselves.  For [...]

What’s The Value?

By |March 27th, 2018|

We are a society obsessed with finding a “good deal”, which is why customers today place such a heavy emphasis on pricing. This leaves the business owner with plenty of questions: What should I charge? [...]

Beware – New Scam!

By |March 16th, 2018|

There’s a new scam going around we want you to be aware of. If you receive a call from someone who says they are from the IRS, and you need to pay a tax bill [...]

Ask Mackey Episode 3 | 2018

By |March 15th, 2018|

At Mackey Advisors we have been on a path of learning how to see our services through the eyes of our clients. This 180-degree change in perspective seems like a simple shift to dissect, however, [...]

Is It Your People or Your Process?

By |March 14th, 2018|

When there is a problem with quality, timeliness, or efficiency in a small business environment, it is often thought of as a people problem. I believe this is due to the fact that many small [...]

Analyzing the Good Stuff

By |March 8th, 2018|

When I set a clear intention, the universe always conspires with me to help me create it.  That’s the good news.  The other news is the help often comes where I am least expecting it. [...]

Cash Is King!!

By |February 22nd, 2018|

“Cash is King” is an expression that is widely used in analyzing businesses.  Why is it something that you, as a business owner, need to manage?  Well, without cash you could not do the things [...]

Ask Mackey Episode 2 | 2018

By |February 19th, 2018|

Do you want to meet or exceed your company goals?  Then you have got to Get Rhythm! Johnny Cash sang about rhythm in his famous song, Get Rhythm.  It starts out, “Get Rhythm when you get [...]

4th Quarter Economic Update | January 2018

By |February 15th, 2018|

Once again, the economic metrics we follow indicate growth is strong around the world.   The ultra-loose monetary policies that were implemented due to the financial crises a decade ago have led to an expanding global [...]

It’s About More Than Taxes

By |January 24th, 2018|

It is officially everyone’s favorite season of the year. No, I am not referring to one of the traditional four seasons; I am, of course, referring to tax season. It seems that every time tax [...]

IRS Announces 2018 Standard Mileage Rates

By |January 9th, 2018|

The IRS has announced the 2018 optional standard mileage rates for computing the deductible costs of operating a passenger automobile for business, charitable, medical, or moving expense purposes. Effective January 1, 2018, the standard mileage [...]

Ask Mackey Episode 1 | 2018

By |January 9th, 2018|

 The New Year is a natural time for reflection and goal setting.  Perhaps 2017 was so exciting you raised the bar on what you now believe is possible.  Or perhaps 2017 was filled with [...]

What is a Statement of Cash Flows?

By |December 28th, 2017|

There are three financial statements that provide a picture of the financial health of your business: The Balance Sheet shows what the business has and what the business owes, along with its net worth The [...]

Tax Cuts and Jobs Act

By |December 27th, 2017|

The Tax Cuts and Jobs Act legislation was signed into law on December 22, 2017. The Act makes extensive changes that affect both individuals and businesses. Some key provisions of the Act are discussed below. [...]

Client Spotlight | Marty Grunder!, Inc.

By |December 26th, 2017|

Marty Grunder discovered his entrepreneurial spirit when he was a teenager with a used lawn mower looking for a way to put himself through college. Through determination and hard work, he grew that initial $25 [...]

Happy Holidays to Everyone!

By |December 20th, 2017|

Sally - “If it seems too complicated, make it easy on yourself – just send money. How about tens and twenties?”  My how the times have changed!  This quote from “A Charlie Brown Christmas” is [...]

Ask Mackey Episode 12 | 2017

By |December 14th, 2017|

Stop making new year’s resolutions.  Start expanding joy. One simple idea to make more of every year. New year’s resolutions are just a way to look back on your year and feel bad.  In our [...]

Stop Making New Year’s Resolutions

By |December 7th, 2017|

Stop making new year’s resolutions.  Start expanding joy. One simple idea to make more of every year. New year’s resolutions are just a way to look back on your year and feel bad.  In our [...]

What Will You Pay for Medicare in 2018?

By |December 1st, 2017|

The Centers for Medicare & Medicaid Services (CMS) has announced that the standard monthly Part B premium in 2018 will remain $134 (or higher, depending on your income). In 2017, most Medicare beneficiaries who received [...]

What’s Holding You Back?

By |November 29th, 2017|

During a recent review of a prospective client’s results, he mentioned how disappointed he was in his outcomes.  Several years ago, he was on track to accomplish his goals, yet as we spoke, he wondered [...]

Proposed Tax Reform Legislation

By |November 21st, 2017|

On November 2, 2017, House Republicans released their comprehensive tax reform plan, the Tax Cuts and Jobs Act. Then, on November 9, 2017, Senate Republicans released their own plan. The two plans have much in [...]

3rd Quarter Economic Update | October 2017

By |November 16th, 2017|

Economic growth is strong around the world.  The number of countries with economies that are in a recession are at near all-time lows.  The ultra-loose monetary policies that were implemented due to the financial crises [...]

Ask Mackey Episode 11 | 2017

By |November 8th, 2017|

Your business is your largest asset. It has the single most impact on: How you live How you retire How much fun you can afford What kind of home you live in How you educate [...]

Let It Go!! Time to Delegate

By |October 25th, 2017|

I work with a lot of small business owners whose ultimate goal is to work less and make more money.  These same business owners are also involved in a lot of the day to day [...]

Client Spotlight | Oregon Tilth, Inc.

By |October 24th, 2017|

Oregon Tilth is a nonprofit organization and leading certifier, educator & advocate for organic agriculture since 1974. Our mission to make our food system and agriculture biologically sound and socially equitable requires us to find practical [...]

Simple & Actionable Year-End Tax Tips

By |October 18th, 2017|

At Mackey Advisors we are all about taking simple steps to maximize your financial well-being.  Each year some of the most beneficial steps often go unnoticed.  While filing taxes each Spring is important, planning for [...]

Ask Mackey Episode 10 | 2017

By |October 12th, 2017|

When I speak with fellow business owners this time of year, they often talk to me about how they are either landing or missing their current annual goals. I love those conversations, but for me [...]

How Many Goals Should You Have?

By |September 27th, 2017|

One of the most prideful feelings is achieving a goal. You’ve put in the countless hours, the blood, the sweat and the tears, so now you can jump with joy knowing that you can cross [...]

5 Power Keys of Scorecarding

By |September 15th, 2017|

Everyone likes to keep score.  We all have an innate desire to succeed. Those two facts, coupled with putting the right data into the hands of the right people in a timely way, can transform [...]

The Equifax Data Breach

By |September 14th, 2017|

On September 7, 2017, Equifax, one of the three main credit reporting agencies, announced a massive data security breach that exposed vital personal identification data — including names, addresses, birth dates, and Social Security numbers [...]

5 Power Keys to Scorecarding

By |September 11th, 2017|

Good data begins in your bookkeeping and accounting department.  If it also ends there, you have wasted one of the most valuable tools in your tool box.  The power in your data is with your [...]

2nd Quarter Economic Update | August 2017

By |August 22nd, 2017|

U.S. economic reports improved quarter-over-quarter.  U.S. businesses appear to have emerged from a multi-year earnings slump, with the Q1/Q2 S&P 500 sales and profits showing year-on-year growth for the first time since late 2014.  GDP [...]

8 Paths to a Prosperous Mindset

By |August 17th, 2017|

Accounting and finance is all about the numbers.  Or is it? Getting the right data to the right people at the right time is critical to making informed, impactful decisions in your company.  This is [...]

CEOs Deserve Summer Fun

By |July 12th, 2017|

As a young business owner with a family, oh how I wanted summer freedom!  Even just a little bit!  My desire to go have fun with my daughter was one more thing to fit into [...]

CEO’s Deserve Summer Fun Too!

By |July 6th, 2017|

As a young business owner with a family, oh how I wanted summer freedom!  Even just a little bit!  My desire to go have fun with my daughter was one more thing to fit into my already [...]

Ready, Set, GROW!

By |June 28th, 2017|

Everyone wants to grow their business to its highest potential, but the thought of putting more energy into it might appear to be exhausting.  What if I told you that there are ways to grow [...]

Client Spotlight | Krombholz Jewelers

By |June 27th, 2017|

For over 75 years, Krombholz Jewelers has been the premier jeweler in Cincinnati. Now in it's fourth generation of family ownership, Krombholz specializes in bespoke fine jewelry, vintage jewelry and helping individuals re-purpose or consign [...]

Are You Wired For Profit?

By |June 14th, 2017|

Calling all over-worked, superhero business owners! Take a moment and use these lazy days of summer for going to the pool, fishing, sitting on the porch with a cold beer and taking a dive into [...]

Are You Wired For Profit?

By |June 6th, 2017|

Calling all over-worked, superhero business owners! Take a moment and use these lazy days of summer for going to the pool, fishing, sitting on the porch with a cold beer and taking a dive into [...]

Client Spotlight | Ammon Nursery

By |May 25th, 2017|

Ammon Landscape, Inc. was started in 1950 by Dick and Shirley Ammon.  They would peddle landscape door to door, but as business grew, it was time to find a location to start a nursery.  They [...]

Mission Possible

By |May 24th, 2017|

One of the biggest keys to having a successful business is having an effective team. An effective team is efficient, passionate and engaged. One of the biggest challenges for a business is keeping your team [...]

Mackey Advisors Economic Update | May 2017

By |May 18th, 2017|

The U.S. economy continues to do well.  It is stable and has proven to be resilient to domestic and global news events.  It continues to slowly recover and, according to most economists, should continue to [...]

What Are Your Summer Plans?

By |April 28th, 2017|

People either love or hate April.  I personally like it for a few reasons: busy season is over, my refund check is in the mail, and the weather is changing.  Not everyone gets to share [...]

The Power of a Business Intention

By |April 27th, 2017|

Merriam-Webster defines intention as a determination to act in a certain way.  Intention is what motivates us to do what we do every day.  You may be conscious of your intentions or it may simply [...]

Guiding Principles for Changing Markets

By |April 19th, 2017|

“What is your intention?”  It’s a big question, and one that leads nearly every aspect of your life – including the parts that deal with money. An investment intent is based on the intractable belief [...]

Financial Basics for Millennials

By |April 17th, 2017|

With age comes responsibility, so if you're a young adult in your 20s or 30s, chances are you've been introduced to the realities of adulthood. While you're excited by all the opportunities life has to [...]

Ask Mackey | Cash Flow

By |April 12th, 2017|

For anything to grow it needs fuel. In business, that fuel is cash. The economic climate for most businesses is positive right now, but that doesn’t mean you aren’t having cash flow challenges. [...]

Client Spotlight – Full Throttle Indoor Karting

By |March 28th, 2017|

Full Throttle Indoor Karting is Cincinnati’s premier high-speed indoor go-kart track located in Springdale, near Tri-County Mall.  Everyone from the novice to the professional racer will enjoy the state-of-the-art karts and racing at speeds up [...]

The U.S. Economy

By |March 15th, 2017|

This past month, the Mackey Advisors team attended an economics presentation by Alan Beaulieu, the President of ITR Economics and a leading authority on global economics.  His presentations are informative and detailed providing unique insight [...]

Ask Mackey | The 3 Signs

By |March 8th, 2017|

https://vimeo.com/207479949/settings/embed Approaching a railroad crossing when the train is on the nearby track, you are faced with flashing red lights, a red and white stripped cross bar, a big X sign that says, Railroad Crossing. [...]

Let’s Get Results!

By |February 22nd, 2017|

We all want to see results from the efforts we put forth.  We want to know if all the saving we have done over the years has made our bank account larger, or if the [...]

New Year’s Resolutions

By |February 17th, 2017|

Resolutions are supposed to be your intention for the new year, not a to-do list for the first week of January that is never fully completed.  I have yet to see someone accomplish a resolution [...]

Ask Mackey | The Right Tools

By |February 15th, 2017|

https://vimeo.com/204222830/settings/embed Like many young women, I learned to cook watching my Mother.  By the time I left home, I was pretty good too. My love of cooking was fostered in two ways.  One, I loved [...]

Mackey Advisors Economic Update

By |February 14th, 2017|

All indicators are now pointing, more or less, in a positive direction for the U.S. economy.  The consumer continues to be in the driver’s seat, enjoying low energy prices, low borrowing costs (for now anyway), [...]

How Entrepreneurs Prosper

By |February 9th, 2017|

Like many young women, I learned to cook watching my Mother.  She was a great southern cook, her specialty being fried chicken. By the time I left home, I was pretty good too. My love [...]

Client Spotlight – Mach III Clutch, Inc.

By |October 27th, 2016|

Mach III Clutch, Inc. is a manufacturer of clutches and brakes that are used in the drive systems of industrial machinery. These products, fundamentally, transfer motion from one rotating component, such as a motor, to another, [...]

Why Planning is Important

By |October 17th, 2016|

If you have spent any significant time with the Mackey Advisors team, you have probably realized that we sometimes sound like a broken record when it comes to the concept of “planning”.  That is because [...]

Ask Mackey | Say No to Micromanagement

By |October 12th, 2016|

https://vimeo.com/187036559/settings/embed Big goals without department and individual accountability systems to support them is poison to your culture. It creates a win/lose environment.  A negative culture is like a dirty river, nothing thrives in it.  It [...]

Just Say No to Micromanagement

By |October 6th, 2016|

As a babyprenuer, I was an accomplished micromanager.  I coordinated day long retreats and got my entire team fired up toward our annual goals.  I would create BIG plans and set BIG goals. The team [...]

Tax Time Starts Now!

By |September 28th, 2016|

Fall is the time to think of the leaves changing, the weather turning cooler, and…taxes.  While the 2016 individual tax deadline is not until April 15th, there are things that you should consider now that [...]

Giving Back

By |September 20th, 2016|

We live in a world with thousands of good causes to support every day.  Whether it be a local charity, a friend down on their luck, or that adorable puppy that can’t find a home, [...]

Ask Mackey | How to Thrive

By |September 14th, 2016|

https://vimeo.com/182603853/settings/embed Our brain is wired to be on alert to anything that threatens your survival.  The amygdala is an almond shaped sliver in the temporal lobe of your brain that is responsible for your primal [...]

A Cybercrime That Could Bankrupt Your Company

By |August 31st, 2016|

During the summer of 2008, a different type of cybercrime was identified — corporate account takeover. It is costly and ranks among the fastest and most stealthy type of attack. Cybercriminals engaging in this activity [...]

Client Spotlight – Robeson Marketing & Design

By |August 24th, 2016|

Beth is co-founder of Robeson Marketing & Design founded in 1999. The Robesons specialize in groundswell marketing for businesses and organizations that are making the world a better place. They also offer a wide array [...]

Importance of Hiring a Fiduciary

By |August 17th, 2016|

Suitability vs. Fiduciary You have been working hard.  Saving, investing, and dreaming of someday retiring and enjoying the fruits of your labor.  Whether you feel you have done well, or are maybe feeling embarrassment for [...]

Mackey Advisors Economic Update

By |July 28th, 2016|

The U.S. economy continues to remain a bright spot in the world despite significant headwinds that dampened activity in the early months of 2016.  The consumer is driving U.S. economic growth.  According to recent Consumer [...]

Business or Pleasure?

By |July 28th, 2016|

We all work hard to earn a dollar, but working hard can payoff when it comes to travel.  Have you ever been lucky enough to have a conference in Hawaii?  Ever wondered if you could [...]

Client Spotlight – Furlong Building Enterprises

By |July 27th, 2016|

Furlong offers design-build construction services for commercial, industrial and retail construction projects.  Our company is founded on providing outstanding customer service that is personal, responsive and overseen by experienced professionals. Furlong offers its clients an [...]

Ask Mackey | Habits

By |July 14th, 2016|

It was time for my first hire. I had no HR skills, and I was terrified. A leap of faith later, I had hired an Assistant for 15 hours a week, $10 an hour, or [...]

Planning Your Financial Future

By |June 15th, 2016|

Let’s take a few minutes to discuss personal financial planning – or as we call it Prosperity Planning™.  When we take a step back for a minute it is quite astonishing to think of everything [...]

Ask Mackey | Money & Fear

By |June 8th, 2016|

Money. Fear. Like peanut butter and jelly, money and fear are compatible companions. Of course money brings up feelings of fear.   Money is the clothes on your back and the roof over your head.  Money [...]

Client Spotlight – AJR Electric, LLC

By |June 7th, 2016|

Adam Ruschman was born and raised in Northern Kentucky.  He is a graduate of Newport Central Catholic High School.  After several years exploring various trades, Adam decided to pursue his formal electrical training at the [...]

The Four Ways We Avoid Fear

By |June 2nd, 2016|

Money. Fear. Like peanut butter and jelly, money and fear are compatible companions. Of course money brings up feelings of fear.   Money is the clothes on your back and the roof over your head.  Money [...]

The Journey Back to Self-Care

By |May 4th, 2016|

My life was over the top busy. I was a single Mom and had a business that demanded lots of my attention.  Between making time for family and work, I had gotten lost.  I as [...]

Mackey Advisors Economic Update

By |April 29th, 2016|

The U.S. economy remains a bright spot in the world despite significant headwinds that dampened activity in the early months of 2016.  Manufacturing production has been consistent over the past four months, continuing to edge [...]

Marriage and Money

By |April 29th, 2016|

U.S. Supreme Court decisions have given same-sex married couples the same rights and privileges as opposite-sex married couples. If you're married or on your way to the altar, you'll want to sort through the financial [...]

Today's Forecast Calls for Sales

By |April 28th, 2016|

In today’s society, everyone seems to be obsessed with sales.  While sales may not be the most important number on the financial statements, it is definitely the most emphasized. Yet few people actually use a [...]

Avoid the Scams

By |April 15th, 2016|

Fraud takes many forms and scams have been around for a long time.  With the emergence of the internet and social media, it’s become much harder to identify who is legitimate and who is the fraudster.  [...]

IRA Contributions

By |March 30th, 2016|

So instead of wasting your time trying to convince you how great they are, I would rather discuss the mechanics of how you take advantage of them. Devise a savings strategy and start the automatic [...]

The Importance of the Balance Sheet

By |March 24th, 2016|

There is Top Line Terry and Bottom Line Larry, but there are other “players” needed to make a business successful.  The income statement is important for monitoring and finding ways to improve, but if your [...]

Why Mackey Advisors?

By |March 11th, 2016|

Often times I hear from clients that the Mackey Advisors™ experience wasn’t at all what they expected.  Sometimes that immediately happens even after their first meeting with us. We strive to be a breath of fresh [...]

It's About More Than Taxes

By |February 24th, 2016|

It is officially everyone’s favorite season of the year. No, I am not referring to one of the traditional four seasons; I am, of course, referring to tax season. It seems that every time tax [...]

An Easy to Follow Financial To-Do List for 2016

By |February 18th, 2016|

January: Increase retirement account contributions:  A new year sometimes means increasing retirement account contribution limits.  For 2016, the 401(k) limit is $18,000.  If you are already maxing out your employer sponsored plan, considering reviewing IRAs, [...]

Ask Mackey | Work & Passion

By |February 10th, 2016|

"Why are you here?" I asked.  The Fortune 500 Executive responded, "Because I am burnt out and exhausted."  "The company keeps reducing our department and adding more work load to those of us that aren't [...]

Passion and Work

By |February 3rd, 2016|

“Why are you here?” I asked.  The Fortune 500 Executive responded, “Because I am burnt out and exhausted.”  “The company keeps reducing our department and adding more work load to those of us that aren’t [...]

Mackey Advisors Economic Update

By |January 28th, 2016|

The U.S. economy, though soft in the second half of 2015, remains a bright spot in the world.  This is despite significant headwinds created by the problems facing the majority the globe’s economies.  The world’s [...]

Beyond Financial Aid – Let's Talk Loans

By |January 19th, 2016|

Financing college tuition, fees and expenses can be daunting.  However, taking advantage of student loans may help lighten the financial burden.  There are several type of loans available, both good and not-so-good.  Primarily, students can [...]

SEC Adopts "Regulation Crowdfunding"

By |January 14th, 2016|

New rules take effect in 2016 On October 30, 2015, after three and a half years of proposals, comments, and discussion, the Securities and Exchange Commission (SEC) announced its final rules on equity crowdfunding for [...]