Entries by Michael Ericksen

You’re Fired!

Almost two weeks ago I received a letter from IDES, the Illinois Department of Employment Security, notifying me they had received my request for unemployment.  The letter asked if I wished to contest the claim.  Since I am president of my company, I was shocked to find out that “I” had filed this claim! On […]


I just completed the audio book Winning by Jack Welch with Suzi Welch. From reading the book it is very easy to see how Mr. Welch invigorated General Electric to become a great company. This book answers a myriad of business questions including HR, management and employee issues. One of the ideas that really hit […]

Volunteering: Giving Time

One skill that every business needs and I firmly believe cannot be learned in a classroom is leadership. Yes, you can read books on the topic and attend seminars, but the only real way to develop the skill is by doing it. When you step up in the corporate world and assume a leadership position […]

Tax Cuts and Jobs Act

On December 22, 2017 President Trump signed the largest income tax change in thirty years. It is a complex bill with many changes, but for the most part taxpayers will be paying less taxes in 2018. With 3 simple examples I shall try to demonstrate the impact this new law may have on your own […]

Benford’s Law

Benford’s Law I have been in accounting for forty years and I just recently learned about Benford’s Law.  This law states that the first digit of number is much more likely to be a low number rather than a high number.  In fact if a set of data was to conform exactly to the law […]