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From the desk of the Wealthy Accountant

Why You Don’t Want to Go Back in Time and Do It Over Again

Why You Don’t Want to Go Back in Time and Do It Over Again

Owen Flanagan was on a quest to understand what it takes to live a good life. As he prepared an essay for the book How to Live a Good Life: A Guide to Choosing Your Personal Philosophy he tells the…

Idolizing People We Admire

Idolizing People We Admire

In the 1980s and 1990s, when I was a much younger man, my wife and I attended numerous science fiction conventions. What appealed to me the most was meeting all those authors, including some very big names. Another benefit of…

What is Wealth?

What is Wealth?

Wealth is often defined as having to do with money or finances. Such a narrow definition limits us to income, spending, investing, retirement and taxes. While these are important issues, this narrow definition is wrong. Wealth involves mental, physical, spiritual,…

Take Your Life Back By Closing the Door

Take Your Life Back By Closing the Door

From the first days of my tax practice I have had an open door policy to clients and employees. This worked well when I had fewer clients and demand by new clients was limited. After over three decades in business…

How to Write Off a Vacation as a Business Expense

How to Write Off a Vacation as a Business Expense

Is it possible to turn non-deductible personal travel expenses into tax deductible business travel expenses? Yes! You can deduct your vacation as a business expense. . . as long as you know the rules and follow them. Personal travel expenses…

What Ryan Holiday Taught Me When I Visited Him

What Ryan Holiday Taught Me When I Visited Him

Some people teach best working face-to-face. Then there are those who teach volumes with broad messages that apply to everyone on a personal level. New York Times bestselling author, Ryan Holiday, is one of the later. In my last article…