Articles & Videos
Top CEOs Looking for Tax Reform in a Hurry
Top CEOs Looking for Tax Reform in a Hurry We are almost five months into this new presidency and the nation is still waiting for tax reform. However, it appears that many people, including congressional lawmakers, are more worried about issues other than the country’s tax code. There are some, though, that want change, and…
The Principles Behind Trump’s Big Tax Reform Plan
The Principles Behind Trump’s Big Tax Reform Plan After months of promises and speculation, not to mention a never-ending supply of political rhetoric, the new presidential administration finally released its plan for tax reform, titled “2017 Tax Reform for Economic Growth and American Jobs.” So how big is it? If you believe the National Economic…
Should Top Earners Pay Over-the-Top Taxes?
Should Top Earners Pay Over-the-Top Taxes? It’s a debate almost as old politics: should the nation’s wealthiest earners pay more in taxes simply because they earn more money? People on either side of the debate make strong arguments for both sides and they are very passionate about their beliefs. While those on the left side…
Top 10 Tax-Friendly States For Retirement
Top 10 Tax-Friendly States For Retirement Are you ready to start life after your career? Or maybe retirement is still a ways down the road, but you prioritize self-reliance and realize it’s never too early to start planning for the future. At some point, most people decide to stop working and enjoy the golden years,…
Are You Using Your Yacht as a Tax Deduction?
Are You Using Your Yacht as a Tax Deduction? Tax Deductions Who doesn’t like spending time out on the open waters enjoying all the many luxuries that yachts have to offer? While most people only dream of owning a yacht, for many of the world’s ultra-wealthy having a yacht is like having a second car:…
New Tax Savings for your Startup
New Tax Savings for your Startup Congress got something accomplished! In December of 2015, Congress passed the Protecting Americans from Tax Hikes (PATH) Act. Among other things, this Act makes a few important changes to the tax credit for research and development expenses that could have a significant impact on how you operate and plan…
Follow These Tips to Get Your Money’s Worth From Your CPA
Follow These Tips to Get Your Money’s Worth From Your CPA What’s the number one question you would ask an accountant if you ended up having a conversation with one? Can I deduct my pet food from my taxes? Will the IRS come after me if I don’t report “all” of my earnings? What’s the…
Hire a Pro or Do it Yourself – the Best Way to File Taxes
Does it feel like you just finished last year’s taxes? Well, believe it or not it’s almost time to do it again. Every year the tax laws and policies change, so each year you will have to be aware of these changes and additions. However, there are some things that never seem to change. With…
These Four Investing Mistakes Will Hurt You
These Four Investing Mistakes Will Hurt You The world is full of failed investors who entered the investment ring with high hopes, only to be knocked around like a Mike Tyson opponent in his prime. Investing is a risk, but there are several steps you can take to mitigate those risks. On the other hand,…
Could the “Rich Person Roth” Be Right for You?
Could the “Rich Person Roth” Be Right for You? The world is full of failed investors who entered the investment ring with high hopes, only to be knocked around like a Mike Tyson opponent in his prime. Investing is a risk, but there are several steps you can take to mitigate those risks. On the…
Effective Leaders Share These Seven Important Skills
Effective Leaders Share These Seven Important Skills If you want to become an effective leader then you have to develop certain skills. The skills you need to be successful might vary from what someone else needs. However, in order to become a good leader you have to be able to teach, direct, correct, and continue…
End-of-Year Tax Tips to Protect Your Investments
End-of-Year Tax Tips to Protect Your Investments As the year gets closer to ending you may have already started thinking about your taxes. How will they play out this year? There’s no doubt this will be a tax year like no other, with all the changes taking place thanks to the Tax Cut and Jobs…
Is Your Toxic Culture Repairable?
Is Your Toxic Culture Repairable? How is the mood at your workplace? Do people enjoy coming to work? Is there a feeling of unity and teamwork? Or, would you rather spend all day at the dentist instead of another day in the office with “those people?” The work environment plays a huge role in how…
How to Use Your Home Equity to Boost Retirement Income
How to Use Your Home Equity to Boost Retirement Income If you’ve lived in your home for many years, or you live in an area that’s experienced a surge in home values then you most likely have a substantial amount of equity built up in your home. Home equity is good to have no matter…
Top Tips for Charitable Giving Under New Tax Law
Top Tips for Charitable Giving Under New Tax Law One of the best ways to save on taxes, no matter which earnings class you’re in, is to donate money to charity. This has been a long-standing way to not only do good, but to also lower your tax bill. However, thanks to the Tax Cut…
Top Tips to Do Your Taxes Like the Wealthy
Top Tips to Do Your Taxes Like the Wealthy Everyone would like to be wealthy. But unfortunately, not everyone is. But that doesn’t mean you can’t do certain things like the wealthy, like protect your money from taxes. In other words, you don’t have to own several mansions and luxury cars, or dine in the…
Smart Tax Tips for Small Business Owners
Smart Tax Tips for Small Business Owners Do you own a small business? If you do then you know what’s like to be busy. Small business owners have so many things to worry about and take care of. They have to wear a lot of hats and fulfill several roles. It’s all part of owning…
Use the Power of Your Mind to Master Leadership
Use the Power of Your Mind to Master Leadership People in positions of leadership seem to enjoy several benefits that some other employees might not. On the surface, it can appear as though life is easy when you’re in a position of leadership. However, leadership can be very taxing. In most cases, leaders face a…
Travel for Business? These Are the New Per-diem Rates
Travel for Business? These Are the New Per-diem Rates If you travel a lot for business, listen up. The IRS has announced the new per-diem rates, which became effective on October 1. These numbers apply to any employee for all travel away from home that takes place on, or after that date. There are several…
Which Type of IRA Is Best: Pre-Tax or Roth?
Which Type of IRA Is Best: Pre-Tax or Roth? When it comes to retirement savings account it’s the age-old question: pretax or Roth? For starters, no two situations are exactly alike, so there is no one-size-fits-all answer to this question. It will all depend on your situation and your financial goals. However, there are some…