Do You Need an S-Corp?

If you operate your business as a sole proprietor or in a group as an LLC, the S-Corp election might be just want you need! Now, if your profit is less than 50,000 a year then the extra complexity is not worth the small amount of tax savings. But, if you gross over 50,000 it is worth running the numbers to see how much you could save and what other tax/ business/ and retirement advantages you could set up.

Fix It Or Junk It?

Over the last two years, supply chains and Covid have kept more Americans in older cars.  Folks who have never paid off a car are now driving vehicles they really “own” and – in a lot of cases – they’re … Read More

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Tax Breaks for Everybody?

Let’s be honest:  As we approach the end of the year, most of you guys aren’t thinking about taxes. That’s my job! The problem with most “tax idea” articles is that the writers seem to live in places that real … Read More

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If everyone is doing them, are they still “best practices”?

One of those annoying catchphrases that the business “gurus” like to use today is “best practices.” Blech! To read them, as a business owner, is usually like reading a list of common-sense ideas that any entrepreneur worthy of the title … Read More

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Business Tips? Read the Handbook!

Almost all of us can agree:  the employee handbook at work might be the most boring and least read book in the world.  After all, it’s NOT a page turner, the subject matter can be incredibly boring, and frankly, you’re … Read More

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November’s Real Estate Corner

The red-hot real estate market is slowly cooling as sellers in big markets lower their prices, according to brokerage firms.               Notable in the market are urban areas in California and Utah, where prices were often set unrealistically high, Redfin … Read More

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Tax Breaks For The Next Generation

As much that has been written – good and bad – about the next generation, the Millennials – the scary part is that they have to pay taxes. Why is this scary? First of all, many of them view “Google” … Read More

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Who’s At The Table?

With Thanksgiving just around the corner, you’re surely already thinking about who’s going to be there.  Maybe your significant other is already trying to figure out seating, and where to put everything once the meal is ready, but let’s take … Read More

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November’s Amusing Tax Convictions

Normally, we cover “true” tax crimes here, but let’s face it, there are a LOT of worries when it comes to how your data and information can be used for other’s profits.  Case in point:  Melvin Orellana of Rome, Georgia, … Read More

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Understanding “You”

Economists have borrowed a page from the psychologists when they realized that the person we are from high school, middle age and retirement are different.  More importantly, we don’t know what will make our future selves happy.         Economist George … Read More

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Over 50? Check Out These Nice Tax Breaks!

The holiday season is rapidly approaching and that means a couple of things: for most of America, it’s time to spend money on presents, food, and drink AND that the year is coming to an end. Every year, in the … Read More

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