Entrepreneur Steps Before Quitting Your Day Job
You may think your new business and idea needs 100% of your attention and time…however, what your business really needs more than your time is YOUR financial stability.
Using a 10 Year Plan in your Business
All too often I meet with clients that have grand ideas for investing or other business projects for cash flow, but they don’t have a thorough and sensible plan to get there. I have learned time and time again, that a 10-Year Plan is critical to set the path for the business and then build […]
The Most Common IRS Penalties and How to Avoid Them
There are three (3) common IRS penalties that hit individual taxpayers the most. They can easily be avoided with a little planning. Listen…paying taxes is difficult enough, don’t add insult to injury by having to pay penalties and interest on top of income taxes. The IRS penalties ALONG WITH interest can add up quickly. It […]
How a Small Business Saves Taxes and Builds True Wealth
I’m not proposing setting up any sort of business to simply lose money for tax write-offs, but to build a business that allows you to make more money, and save taxes by writing things off you wouldn’t otherwise be able to.
The Perils of Investing with Friends, Family and Church Members
Every week our firm gets call from clients around the country who have lost money by investing with friends, family or neighbors they trusted—but who were not licensed to sell securities or did not properly document the relationship as a partnership.
Should I file an Extension for my Personal Taxes?
The Rule of Thumb should be to file an Extension. Send in the appropriate deposit, dig up better records, and then file before October 15th
How to Write-off Your Travel Expenses
Making sure our travel has a ‘business purpose’ is critical and a perfect opportunity for business owners for a great tax write-off.
1099 Rules for Business Owners in 2024
Businesses will now file Form 1099-NEC for each person in the course of the payor’s business to whom they paid at least $600 during the year. This payment would have been for services performed by a person or company who IS NOT the payor’s employee.
The Best Auto Deduction Strategies for Business Owners in 2024
The Auto Deduction is the best it’s been in over 30 years, with business owners being about to write-off a vehicle faster and with even bigger deductions!
