Saturday, February 28, 2009
Sunday, February 22, 2009
This was added to TCA 62-13-104-3 in May 2003. The sponsors were Clabough and Miller. Phil Bredesen signed it in to law in June 2003 (click here to see the original Act as a .pdf):
Friday, February 13, 2009
And, yeah, (sucking teeth). You need that juicy money, but there's a pesky law standing in your way. Tennessee Code Annotated, Title 47, Chapter 18 and Title 62, Chapter 13, Section 62-13-104(b)(3), Subdivision (D) ~ Prior to May 2003.
Thursday, February 12, 2009
Are you with me? Big rental company with lots of money they are holding as deposits on future reservations?
Now, let's say the rules in Tennessee state that you, the professional vacation rental management company, are not supposed to touch this money until the guest departs.
But you need money! OMG, it's soooooo tempting! All that money sitting there in an account ~ just drawing interest.
You could pay your payroll with it ~ or back taxes ~ or, or, just about anything you might need money for to help you operate your business. Hell, if you could pay your office's electric bill with it, why not go a step further and use it to buy a new dining room set for your own personal rental cabin?
What to do? What to do? What to do? What to do? What to do?
Ergo: Hammer and a Feather.
My kids will tell you that i raised them with a "hammer and a feather". I came down hard, when called for ~ yet, i was the first to praise and condone when they earned it. In the business world, i heard it called "a velvet brick".
...how 'bout a velvet wrapped hammer. This blog is for what's making me insane.