This month, we’ve been spending a lot of time focusing on – you guessed it – money. One of the things that I see coming out of the current downturn is a lot of opportunity, especially for those who have … 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.
Why’d Silicon Valley Bank Fail?
In the last few months, we’ve seen multiple banks fail or get bailed out by others seemingly in back-office deals that the media never scrutinizes. When Silicon Valley Bank (SVB) collapsed and began this new trend, stock markets around the … Read More
What Is A Sinking Fund?
You can manage your family finances the same way as big companies manage their looming debts — with a sinking fund. Think of it like this: Instead of trying to come up with a chunk of money when big expenses … Read More
How To Keep Afloat
Look, let’s just be honest right now – businesses and taxpayers are struggling financially. Yes, big government continues to talk a great game even as banks fail, conflicts arise overseas, and certain industries walk away with loads of profits every … Read More
Why We Need to Talk Now
Unless you’ve recently immigrated, chances are, you know in the United States, taxes are due to be filed no later than April 15th. Plenty of business owners filed extensions this year, so we can kick those returns back to October, … Read More
June’s Amusing Tax Convictions
Sometimes, it pays to have a tax preparer with some courage! A Jackson, Mississippi, real estate broker pleaded guilty a false tax return on behalf of his business, Gulf States Royalty, Ltd. Jeffrey Randall owned and operated an oil and … Read More
Saving a Little More…
No matter how you were impacted by the economic downturn we’re continuing to slog through, it’s making finances hard for a lot of folks right now. Mortgages not paid, rent payments missed, and car notes paid late. One of the … Read More
What Are You Going To Do Differently?
Now that summer is officially here, kids are out of school, and many business owners are planning vacations and maybe taking a bit of time off, let me ask you this: have you thought of the things you’d like to … Read More
Watch Out For the Scammers!
As sure as school is out, we’ve seen the same old scams reimagined. I’d thought the creativity had peaked a few years ago in the pandemic, but now? Scammers have returned to their old “classics” and are – as always … Read More
Choosing the Right Tax Preparer
It might seem silly that I’d write this to you about how to choose the right tax preparer, but think about it like this: My team and I have nothing to hide AND, more importantly, we’d rather work with informed … Read More