Well, things changed in 2018 under the Tax Cuts and Jobs Act when it comes to writing off meals and food expenses in your small business…and frankly, that’s for any size business. Large or small, business owners have to reevaluate their budget for the...
Choosing the State in which to set-up your corporation or LLC is actually a very straightforward decision. Don’t let someone talk you into setting up your new entity in Nevada, Delaware, Wyoming or Utah…just to name a few. Even if they promise unlimited...
The Domestic Asset Protection Trust is the most cutting edge and most affordable asset protection tool in America today. However, they aren’t statutorily recognized in each state, and because of this one has to be careful when and how to use this specialized trust....
Even experienced business owners or investors can benefit from using a Strategic Plan. It is truly an integral part of a successful investment strategy or business operation. A Strategic Plan is not a Investment or Business Plan. A Strategic Plan sets forth a timeline...
This is a very important question and something we often analyze for clients in our office. In fact, many clients rush to put their spouse on payroll, but for the wrong reasons and it could actually be a costly mistake. First, here are two big reasons NOT to put your...
Ok…so the real name of an IRA that can be used for education expenses is called a Coverdell Education Savings Account (Coverdell ESA). However, for simplicity sake, we in the accounting world generally refer to these powerful little gems as the “Education...
