Failure is Feedback

Failure is Feedback by Howard LipsetFailure is a stepping stone towards success. But the information that you gather only has power when it is applied to real life situations. Failure is feedback when you can learn different lessons from the failure, and that puts you on your way to success.

It is easy to feel like a failure when something does not work out.

It is a first instinct to feel disappointed when your project or start-up fails.

At that moment, you could care less about feedback from failure. Continue reading


Failure Is Fine, Failure to Plan Is Not. Interview by Howard LipsetSandCrateTM  is a private community for entrepreneurs of all kinds and in any industry to turn ideas into reality through collaboration”.  Progressive Management Inc. is one of SandCrate’s strategic partners, and I recently provided a guest post.

If you are afraid to fail, then you will not try.
If you do not try, you can never succeed.

This is a quote often attributed to Theodore Roosevelt about life, but it also applies to starting and running a business. Some of the richest people have failed multiple times before they succeeded. Fear can cause inaction. Inaction leads to failure. Even if your decision is wrong, learn from it because there will be a next time.

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BUSINESS PLANNING with PROGRESSIVE MANAGEMENT INC by Howard Lipset, CPAAn interview with Howard Lipset

I was recently interviewed for Richard Noll’s Legal Newsletter. My interview is part of a four-page newsletter that he mails out, and I was very honored to be interviewed. I would like to share it with you.

What benefits does Progressive Management provide to its clients? Continue reading

FedEx Phishing

FedEx Phishing by Howard Lipset, CPAThe email below is not from Federal Express. Note their mailing address is not

I verified this with Federal Express directly, who told me that they are getting large volumes of customers calling and asking. If you were to click on the “Get Shipment Label” bar, you will have let the hackers into your computer. Continue reading

How Can You Prove a Sidewalk Trip and Fall Claim?

How Can You Prove a Sidewalk Trip and Fall Claim? by Howard Lipset, CPAWhat seems to be a relatively basic legal claim – being compensated for a personal injury sustained when you trip and fall on a dangerous sidewalk condition – is actually a complex endeavor  for  the plaintiff.  You must prove the existence of a dangerous condition; that the responsible party had notice of; and that it caused the personal injury. Common injuries in these cases include a broken wrist, a fractured  humerus (upper arm); torn rotator cuff; broken ankle; herniated disc or torn knee cartilage.

On September 15, 2003, the New York City Administrative Code shifted the primary responsibility for sidewalk trip and fall accidents from the City of New York to the adjoining property owner. Under the new law property owners have the duty to maintain the abutting sidewalk in a reasonable safe condition and shall be liable for personal injuries resulting from any failure to do so. The new law does not apply to one, two or three family residential properties that are, in whole or in part, owner occupied and used exclusively for residential purposes. In those cases, the City of New York remains primarily responsible for the maintenance and care of the sidewalk. Continue reading

IRS Updates Phone Scam Warnings

IRS Updates Phone Scam Warnings by Howard Lipset, CPAThe IRS is again warning the public about phone scams that continue to claim victims all across the country. In these scams, thieves make unsolicited phone calls to their intended victims. Callers fraudulently claim to be from the IRS and demand immediate payment of taxes by a prepaid debit card or wire transfer. The callers are often hostile and abusive.

The Treasury Inspector General for Tax Administration (TIGTA) has received 90,000 complaints about these scams. TIGTA estimates that thieves have stolen an estimated $5 million from about 1,100 victims. To avoid becoming a victim of these scams, you should know:

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Does Credit Repair Make Sense?

 Does Credit Repair Make Sense? by Howard Lipset, CPAby Leslie H. Tayne, Esq.

Founder and managing director of Tayne Law Group, P.C., one of the few New York State financial law firms dedicated to debt resolution and bankruptcy alternatives.  

An award winning financial attorney, Leslie is a regularly sought out guest speaker and media expert who offers valuable insight, advice and strategies relating to various areas of debt.

As defined by the Federal Credit Repair Organizations Act, credit repair companies/organizations help consumers remove negative information from their credit report. Credit repair organizations usually achieve this by sending dispute letters to credit reporting agencies to challenge the credibility of negative information reported on someone’s credit report by one of the three major credit bureaus (Experian, Transunion and Equifax).  If you have legitimate errors on your credit report, those errors can affect your credit and you might benefit from a credit report company correcting them.

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E-ZPass Phishing Scam

E-ZPass Phishing Scam by Howard Lipset, CPAThe MTA has issued a warning that an email going around to E-ZPass holders is actually a phishing scam. The email, which looks as though it was sent by the E-ZPass service center, asks customers to download an invoice with a list of unpaid tolls. (Hint: Don’t do that.)

Statement from the New York State Thruway Authority:

The New York State Thruway Authority is warning E-ZPass customers about a phishing scam.

People have received bogus emails made to appear official stating that people have unpaid tolls.

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A Different IRS Scam

A Different IRS Scam by Howard Lipset, CPASee the copy of the email below:

  1. The IRS never makes first contact via email.
  2. The return address would be .GOV, not .COM.

—–Original Message—–


Sent: Sunday, July 27, 2014 4:38 PM

Subject: TAX EXEMPTION Continue reading

IRS: Now Is the Time for a Mid-Year Premium Tax Credit Checkup

IRS: Now Is the Time for a Mid-Year Premium Tax Credit Checkup by Howard Lipset, CPAIf you have insurance through the Health Insurance Marketplace, you may be getting advance payments of the premium tax credit. These are paid directly to your insurance company to lower your monthly premium. Changes in your income or family size may affect your premium tax credit. If your circumstances have changed, the time is right for a mid-year checkup to see if you need to adjust the premium assistance you are receiving. You should report changes that have occurred since you signed up for your health insurance plan to your Marketplace as they occur.

Changes in circumstances that you should report to the Marketplace include, but are not limited to: Continue reading