Small Business

The good news is that there was a solution. Often times while consulting with a new client fixes can be made that improve the client’s finances on the spot. Here is what I did.

The first time Karen Carpenter stood on the stage as the focal point and vocals of the performance she died.

The right entity can reduce taxes for small business owners while reducing legal liability. Careful consideration between organizing as an LLC or an S-corp lays a solid foundation.

Tom Godwin’s short story, The Cold Equations, was published in the August 1954 issue of Astounding Magazine. Many consider it to be the best science …

Prolonged stress leads to burnout. Lack of control over the source of the stress increases the risk of burnout. Here are some alternatives for accountants feeling burnout.

Behind every “Thou shalt not deduct” is a hint of deductibility. In taxes nothing is an absolute. The cookie-cutter response to a question is the easiest answer to save time and is usually right. But a bit of planning can turn those “no deduction” answers into, “Yes, you may deduct that.”

When people have infinite banking explained to them for the first time it seems like a magical and risk-free way to grow wealth. The idea of replacing the hated bank with borrowing from yourself makes so much more sense. But it does require replacing the “hated” bank for the “hated” insurance company.

When a cryptocurrency becomes worthless it isn’t treated the same as a worthless security on a tax return. As an asset, it needs to be sold before a loss is allowed. There are two ways you can get a tax deduction for worthless and nearly worthless crypto. We will discuss both methods (sale of asset and abandonment) below and the associated risks.