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From the Book of Habakkuk and personal stories from the mission field of Cameroon, Guest Speaker Dave Hare teaches about faith in a God who never works the way we expect Him to, but nonetheless always loves and cares for us.
Pastors George and Brian sit down with Dave Hare to discuss translation and ministry in advance of Missions Week at The Mount.
Is your company operating in chaos or clarity? The difference often comes down to creating a knowledge-rich culture. Modern customers and employees want information on their own terms. In order to best educate employees and provide answers and tools to customers, many customer-focused brands create knowledge-rich cultures. These cultures pride themselves on offering learning and growth opportunities for employees while empowering them to solve customer issues. However, Dave Hare, principal consultant at ServiceXRG, says too many companies have knowledge-rich cultures in silos, which creates chaos and lost opportunities. When knowledge is kept within departments and not shared with the rest of the company, it creates more escalations of customer issues. A customer could call the contact center with an issue that could be easily fixed by someone in the engineering department, but without that information being shared across the entire organization, the customer's call is escalated and takes longer to answer. Hare says that companies that build cultures of knowledge sharing solve more calls on the first contact and do it faster with fewer escalations. When silos are broken down and information is shared across the entire company, employees and customers benefit. Employees have the tools to help customers right away or know where to send customers to answer more technical questions quickly. That knowledge creates job satisfaction for employees and instills confidence in customers that the company knows what it is talking about. For customers, a knowledge-sharing culture creates less frustration as issues can be taken care of accurately and much more quickly. Hare says one of the biggest aspects of customer experience is making the customer successful without regression or pain. That can only be done by instilling confidence in the customer that the employee is their advocate into the company. Employees, no matter if they are in the contact center, finance, engineering or anywhere else in the company, need to use every resource to resolve customer issues. That comes from building a strong culture of sharing knowledge. Customer experience is the most powerful tool companies have. When customers sense chaos at a company, they will quickly take their business elsewhere. To turn that chaos into clarity, brands of all sizes need to build a knowledge-rich culture that breaks down silos and shares information across borders with employees and customers. Sharing knowledge and instilling confidence benefits everyone in the organization. This episode of The Modern Customer Podcast is sponsored by Squelch.
A topic that comes up over and over when we are doing business is Canada. My husband is Canadian. There are a lot of Canadians that want to do business with us here in the US. Here to talk about doing business with Canada is Dave Hare who is a licensed CPA both in the US and Canada. Dave is a cross-border CPA. He has done corporate business both in the US and Canada. Then he decided to leave the corporate world behind and venture out on his own. He owns 5 multi unit properties and is a successful real estate investor. He recently signed a 5 million dollar deal. Dave talks about the differences between US and Canadian tax entities and cross border investing to maximize your money. You can find Dave here: DHare77@gmail.com Show Notes [01:24] Dave got his degree in Michigan. Then he worked for several years for public accounting firms. After he became a CPA, he went over to the Canadian side and work for companies like Caterpillar and Volkswagen. [02:01] Eventually, Dave decided to branch out on his own and do his own thing instead of working for corporations. [02:18] Dave approached Loral about investing in real estate about a year and a half ago. He signed up for the big table. Now he has five multi unit properties. [03:10] Dave learned how to raise money through Loral, and he became pretty good at it. [03:26] Dave became part of Loral's team in September. Dave drove 37 hours to get to Tahoe and begin working with Loral. [03:47] They have been working on some solid deals including the marina deal and major renovations. He also recently signed a $50 million contract. [04:31] Dave surrounded himself with the right people and the right team. Build a diverse team that will provide you the expertise you need. [05:09] It's tough to find it's cross-border team members. [05:21] Three business structures that apply in Canada are partnerships, limited companies, and sole proprietors. [05:50] Partnerships are where you join with someone to set up a business. You will have a partnership return. Each partner does their own taxes. The tax write offs go to your personal tax returns. Any money you make on the partnership returns go straight to your taxes. [06:20] You have to be careful because of liability issues and tax issues. [06:36] Sole proprietorship's in Canada give you write offs towards your T4 income. This is a great tax strategy from that standpoint. [07:57] You want to make sure you protect your personal assets like your house and your vehicle. You have to be careful with liability issues with a sole venture. [08:55] As a sole proprietor, you may be able to write off 10 to 20% of your house if its use for your business. If you use more than that you might be able to use it as a carryover. [10:12] With the company, the carry forward losses can be used now and in the future. [10:29] If you have T4 income and you start making more money your taxes will be high, so you might want to look at other entities at that point. [11:12] You might want to move into a limited company. You will have more flexibility on write offs. [12:04] If you work from your house, your business will take a 10 to 20% of your house expenses. [13:05] In Canada, you can now write off entertainment expenses if you take out the entire office. You can now write off 50%. [13:56] For business driving, you can use electronic tracking and write that off. You need to be very careful about your record keeping and the rules. [14:36] As a sole proprietor, everything is questioned. [15:05] The benefits of setting up an entity in getting Incorporated. Set up a limited liability company to protect your assets. You will also have more right off opportunities. You can also protect yourself by having an operating agreement or contract. [16:23] If you have a company in Canada, you can also set up a US structure like a c corp. [18:55] Be careful of withholding taxes when setting up entities for businesses that are cross-border. [19:59] Make sure you set things up right from the beginning. [20:21] You can avoid exchange rates by keeping your money someplace where the tax rates are lowest like the US and then using a US credit card. [22:42] To talk to Dave,you need to think about trusts, whether you have children involved, whether you can send money down to the US, and possible insurance products. The plan needs to be individually tailored to you. Links and Resources: Ask Loral DHare77@gmail.com
Over the past decade, the Australian film industry has increasingly engaged in co-productions with China. Screen Australia’s 2013 'Common Ground' report into screen partnerships in Asia highlighted Australia’s intention to develop co-production relationships in the region. Its support of Arclight Films’ Chinalight company in the 2017 round of the Enterprise program funding, gave this intention a physical, development and production company presence that made the hope clear that a stronger relationship with China, its industry and film market was the primary goal. Dr Dave Hare examines the recently-closed Chinalight as a case study that reflects the ways Australia is approaching the China-Australia production relationship. He is joined by Kai Ruo Soh to chat about the various political, cultural and financial implications of this relationship, with the audience present on the day. Seminar: 0.00 - 40min Q & A: 40min - 1hr 30min Produced by the Sydney Screen Studies Network Visit our website: sydneyscreenstudies.wordpress.com Email us: sydneyscreenstudies@gmail.com
A topic that comes up over and over when we are doing business is Canada. My husband is Canadian. There are a lot of Canadians that want to do business with us here in the US. Here to talk about doing business with Canada is Dave Hare who is a licensed CPA both in the US and Canada. Dave is a cross-border CPA. He has done corporate business both in the US and Canada. Then he decided to leave the corporate world behind and venture out on his own. He owns 5 multi unit properties and is a successful real estate investor. He recently signed a 5 million dollar deal. Daves talks about the differences between US and Canadian tax entities and cross border investing to maximize your money. You can find Dave here: DHare77@gmail.com Show Notes [01:24] Dave got his degree in Michigan. Then he worked for several years for public accounting firms. After he became a CPA, he went over to the Canadian side and work for companies like Caterpillar and Volkswagen. [02:01] Eventually, Dave decided to branch out on his own and do his own thing instead of working for corporations. [02:18] Dave approached Loral about investing in real estate about a year and a half ago. He signed up for the big table. Now he has five multi unit properties. [03:10] Dave learned how to raise money through Loral, and he became pretty good at it. [03:26] Dave became part of Loral's team in September. Dave drove 37 hours to get to Tahoe and begin working with Loral. [03:47] They have been working on some solid deals including the marina deal and major renovations. He also recently signed a $50 million contract. [04:31] Dave surrounded himself with the right people and the right team. Build a diverse team that will provide you the expertise you need. [05:09] It's tough to find it's cross-border team members. [05:21] Three business structures that apply in Canada are partnerships, limited companies, and sole proprietors. [05:50] Partnerships are where you join with someone to set up a business. You will have a partnership return. Each partner does their own taxes. The tax write offs go to your personal tax returns. Any money you make on the partnership returns go straight to your taxes. [06:20] You have to be careful because of liability issues and tax issues. [06:36] Sole proprietorship's in Canada give you write offs towards your T4 income. This is a great tax strategy from that standpoint. [07:57] You want to make sure you protect your personal assets like your house and your vehicle. You have to be careful with liability issues with a sole venture. [08:55] As a sole proprietor, you may be able to write off 10 to 20% of your house if its use for your business. If you use more than that you might be able to use it as a carryover. [10:12] With the company, the carry forward losses can be used now and in the future. [10:29] If you have T4 income and you start making more money your taxes will be high, so you might want to look at other entities at that point. [11:12] You might want to move into a limited company. You will have more flexibility on write offs. [12:04] If you work from your house, your business will take a 10 to 20% of your house expenses. [13:05] In Canada, you can now write off entertainment expenses if you take out the entire office. You can now write off 50%. [13:56] For business driving, you can use electronic tracking and write that off. You need to be very careful about your record keeping and the rules. [14:36] As a sole proprietor, everything is questioned. [15:05] The benefits of setting up an entity in getting Incorporated. Set up a limited liability company to protect your assets. You will also have more right off opportunities. You can also protect yourself by having an operating agreement or contract. [16:23] If you have a company in Canada, you can also set up a US structure like a c corp. [18:55] Be careful of withholding taxes when setting up entities for businesses that are cross-border. [19:59] Make sure you set things up right from the beginning. [20:21] You can avoid exchange rates by keeping your money someplace where the tax rates are lowest like the US and then using a US credit card. [22:42] To talk to Dave,you need to think about trusts, whether you have children involved, whether you can send money down to the US, and possible insurance products. The plan needs to be individually tailored to you. Links and Resources: Ask Loral DHare77@gmail.com
Weldon Wulstein is my CFO, CPA, and an extraordinary tax strategist. Last year, he helped people save or get back about 3 million dollars in taxes. Weldon is driven to help people find tax strategies that enable them to keep more of their own money. He is so good at what he does, because he looks at it as a challenge similar to solving a puzzle. He is here today to talk about the new tax code. This is our first of many podcasts on this topic. This tax reform bill is sweeping and has the biggest changes since the 1986 tax reform bill. A lot of the benefits are directed towards businesses and entities. Weldon shares changes and strategies to begin creating a smart tax saving strategy. You can find Weldon here: Ask Loral [bctt tweet="'You have to know your exit strategy. Are you looking for a 3 -5 year play, or are you planning on refinancing at some point? You have to start off with the leadership team.' Dave Hare" username="liveoutloud"] Show Notes [01:26] Weldon wants us to keep more of our money as opposed to giving it to the government. This is the goal that guides him. He sees it as a puzzle and he loves puzzles. [02:39] The creativity puzzle solving aspect of finances and investing. [03:07] How Loral and her team are the alternate finance people, similar to an alternative doctor. [03:32] How sweeping the tax reform bill is. It has the most significant changes since the 1986 tax reform bill. [04:09] There is now a 21% flat corporate tax rate. [05:11] The top rate bracket also went down from 39.6% to 37%. [05:31] Weldon's favorite change is the tax deduction that offsets taxable income for business profits. This deduction comes off of your taxable income. Any business with a net profit gets a 20% deduction of that profit. [07:39] Good CPAs will know what is going on, but not everyone will figure out how to utilize these reforms the best. [08:31] Sole proprietors are responsible for net taxes plus the 15% self-employment tax. [09:20] Let's say you have an s corp and pay yourself $100,000. With $50,000 on a W-2 and $50,000 as a net profit. The net profit deduction is only attached to that $50,000 net profit. You will need to find the best percentage to take as a wage versus taking it as a profit. [10:31] The worst parts are probably the elimination of the mortgage deduction and the elimination of property and income tax. [10:54] You can only deduct $10,000 a year in state income tax and property tax. [11:36] Your mortgage deduction is limited to a home value of $750,000. [12:16] States don't have to ratify these changes or at least it is not guaranteed. [12:59] Only a few of these items will be affected for 2017 taxes. These are mostly for 2018 and going forward. This leaves some time to plan the best tax strategies. [13:40] You can't just do one strategy. The plan has to be individualized. [14:24] Rental property write offs are still in place for mortgage interest and property taxes. [15:26] These changes will encourage people to move into having an LLC or corp of some type. [16:08] AMT tax won't affect most people making under a million dollars. [17:38] There are now limitations on entertainment deductions. You can deduct the meal, but not the entertainment portion. [18:58] Think about changing what you are doing to fit the tax code, so that it will fit and become deductible. [19:50] All of the final regulations aren't out yet. Such as the use of gift cards. [20:50] The value of what you can transfer in an estate has been doubled to 10 million dollars indexed for inflation. [21:53] In about 30 days, there should be some final regulations around these questions. Payroll systems even have to be completely redone. [23:40] Use caution when looking stuff up on the Internet and make sure that it is up to date. Links and Resources: Ask Loral
Dave Hare is here to talk about money rules and due diligence. Dave and I do a lot of projects together, and I am going to have him on the show on a regular basis. We are also going to use our new marina in Texas as an example of how a deal gets done. But first, we are going to talk about due diligence and money rules and how the rules come about for people. You can find Dave here: Loral’s Real Money Talks Ask Loral Show Notes [01:17] It's all about planning. These aren't deals that close in 30 days or less. These can be stressful and time consuming, and you could end up walking away from the deal. [02:10] Make sure that your investment plan is part of your money rules not part of someone else's rules. [02:53] How investing starts with money rules. [03:06] What is your exit strategy. Refinance or short term play? Begin with your leadership team. [03:33] Do you have a strong operation and finance team? Bring in someone who knows operations and who has an equity play. These answers are the key when speaking with bankers and investors. [04:19] Who has oversight on the books? Is the business or investment family owned? [04:59] Think of deals as a fix and flip. [05:46] Dave ran the numbers on a deal and realized a family member had been stealing from the rest of the family. This was a deal they had to walk away from. [06:24] Dave and Loral do thorough background checks on everybody involved when doing deals. [06:49] Numbers may or may not make sense. Make sure there are long term leasing options and good relations. Assets are your future. They need to support the business going forward. Look at the story behind the story. [08:04] Don't close before you find the story behind the story. [09:19] Dave found the marina business through networking. He signed up for meetups etc. He found this contact at one of Loral's events. [10:48] Get yourself out there. If you want to do it do it and get out there and make yourself known. [11:25] The marina deal, due diligence, background checks, Dave's due diligence list is 12 pages long. It lets the people on the other side know that you mean business. [12:25] Create a letter of intent before making a purchase agreement. A letter of intent is a non-binding contract. This gets the discussion going and let's you start working on due diligence and financing. [13:38] Look at the owners background and story, the customer base, the boats, the buildings, and everything you can look at. [14:09] How each person on the team brings something unique to the business. Never go alone especially on your first business. There is something that you will miss. [14:43] Have team members with experience, and have someone who understands finance and accounting. [15:29] You need to seek out smart knowledgeable people for your team. The buddy clubs aren't going to work because they don't have enough skill set on the team. [16:23] You have to understand what someone brings to the table and what their exit strategy is. [16:52] The components of the deal. Knowledge and experience will get you a seat at the table. Equity side and debt side. [17:36] They approached the owner who wanted to do a quick sale. Seller financing under 50% of the value of the property. Then they had to go out and find the 55% of the loan with equity partners with an option to refinance. They are doing about a million dollars in renovations. They want to rebuild the area back to it's 1950's glory days of farmers markets and bands etc. [19:34] They structured the deal with the sellers financing. This helps motivate the seller. They were also able to do a second position with the owners. The did have to pay another 1/4 percent and walk away fully financed. [20:38] Deal creativity. Carry backs etc. Use creative deal structures with the use and return of the money. First money in gets more, because they have taken the highest risk. [21:36] The rehab money won't get equity. There is quality of money. When you first start a deal, you have to give something up. [23:08] They have a one-year note that gets double digit returns. [23:36] The important thing is background checks. You have to do them. Don't be afraid to walk away if you need to. [25:30] We are here to teach you the reality of owning real assets. Links and Resources: Ask Loral Loral’s Real Money Talks Shark Tank
While many people work hard in the corporate world in the hopes to have a better life, not too many see the bright future in using their abilities and talents as entrepreneurs and business owners. If you want to start making and keeping money, how do you find the right opportunities out there without depending on a monthly wage? Where is the best place to look for opportunities or, rather, let the opportunity find you? Today’s guest is Dave Hare, a certified public accountant who has earned a living in the corporate world for a long while. Dave joins me today as he talks about the leap he took from being a company employee to being part of a business community where he gets to mingle and connect with people who have made it big in the financial industry. He shares the impact that this belongingness has had on his career and the doors that have opened as a result of these connections. “It’s all about the networking. If you keep networking, you’re going to find it.” - Dave Hare In This Episode of Real Money Talks: Defining “community” from a financial standpoint How Dave finds business opportunities Different kinds of deals he works on What a Forex deal is and the things included in the package Subscribe, Rate & Share Real Money Talks! Loral Langemeier is on a mission – to educate and empower the Real Money Talks community on how to have those important money talks that are straight, to the point, and can be applied to every aspect of your life. So, tune in every Monday, Wednesday, and Friday on iTunes to learn, ask Loral a question, and create your path to financial freedom! Don’t forget to leave a review and grab your free gifts on AskLoral.com!
Welcome to the first episode of season 2! Today, we speak with Eskimo auger expert Dave Hare about their history and maintaining equipment. Next we discuss attending ice fishing trade shows with Tony Aloia.
This episode is an interview I gave with the European Fitness Network, reproduced here with the kind consent of Gregory Bradley and Dave Hare, who I was speaking to. This [...] CONTINUE READING The post Podcast #18: The European Fitness Network appeared first on The web’s #1 provider of rugby strength and conditioning information..