Prior to enactment of the Monday Holiday Act in 1968 creating Presidents Day, this date used to be a federal holiday (it’s still a legal holiday in about half a dozen states). For small business owners, it’s a good idea to remember Lincoln failed as an entrepreneur in 1833, but ultimately succeeded in life. My favorite quote which I like to remember each year on his birthday: “My great concern is not whether you have failed, but whether you are content with your failure.” Last year I added: “That some achieve great success, is proof to all that others can achieve it as well.” This year’s pick: “Always bear in mind that your own resolution to success is more important than any other thing.”
Reminder: The Supplements for both tax books are available now – see my blog.
