In a bizarre, high-end tax scheme, a 34-count Federal indictment accuses Michael L. Meyer of Davie, Florida, of organizing and selling access to an illegal tax shelter called the Ultimate Tax Plan to assist high-income individuals in reducing their taxes. … Read More
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.
Getting Your Withholding Right
Think back to your first day on the job. TONS of paperwork, lots of new faces, plenty of nervousness. Chances are, whomever was doing that paperwork with you was simply rolling right through it (or it was all on a … Read More
Did You Ever Stop To Ask Yourself This?
One of the foundational ideas that led many of us to opening the doors to our own business is the singular idea of “freedom.” We wanted freedom from the corporate world, freedom from a “dumb” boss, freedom to do things … Read More
August’s Real Estate Corner
Compared to other updates you can make on your house, a beautiful front door doesn’t cost that much, but it does give a cheerful welcome to guests and buyers alike. It might not be top on your mind all the … Read More
How About a Spending Plan?
Maybe you are not a detail person. You sit down, look through all your spending and, suddenly you are caught up in tiny details. Think about it – tracking your expenses from the purchase of new socks doesn’t sound … Read More
Making The Most Of It
Let me ask you a blunt question: Were you happy with the refund you got last year? In many cases, that answer is a resounding “NO!” and even though we try to maximize returns for all of our clients, sometimes, … Read More
Wow (something to think about)
I wanted to send out a quick post to say one thing: No matter what, you deserve the best. The other day, I was listening to a podcast and heard an interesting way to think about clients, and I wanted … Read More
How Much Cash Should You Have?
Money is going digital. When your check goes straight to your bank account and you pay your bills directly from that account, you might never see an actual bank note. On the other hand, should you have some cash on … Read More
The REAL Costs of Higher Interest
For over a year now, we’ve been dealing with rising interest rates to “curb” inflation, and while it supposedly is helping, stuff still costs too much. Yes, it’s kept the price of televisions down at the box retail stores, but … Read More
How Much Technology Do You Need?
I wanted to share an ironic “contrast” from two clients last week, and of course, I’ll not name names, but these two entrepreneurs are polar opposites. Perhaps I use the term “entrepreneur” too loosely, as one is a classic “small … Read More