Posts by GROCO
The History of Valentine’s Day
The History of Valentine’s Day What is the history of Valentine’s Day and is Valentine’s Day a good thing? If you’re a procrastinator like me, the answer is a resounding “No”; and “Yes”. You see, I’m also a romantic. And though I’m late to everything, my mother insists I’ll be late to my own funeral,…
Read More7 Tips to a Better Valentine’s Day
Is there someone you want to make feel cared about or loved this February 14th? If so, here are 7 tips to make their Valentine’s Day a little more special. Be sure to let #1 sink in immediately, as time is short. And pay particular attention to #7, my inexpensive Valentine’s Day ideas. Tip…
Read MoreKeeping Harmony and Wealth Within the Family Upon Your Death
Keeping Harmony and Wealth Within the Family Upon Your Death Keeping harmony and wealth within the family upon your death is often a tricky thing, as illustrated in this account. “You’ll hear from my lawyer, Jason!” Mr. Stevens yelled at his nephew as he stormed out of the room. Such is how a family Thanksgiving…
Read MorePPP FAQs (Paycheck Protection Act Frequently Asked Questions)
PPP FAQs (Paycheck Protection Act Frequently Asked Questions) PPP FAQs (Paycheck Protection Act Frequently Asked Questions). Since the announcement of the Coronavirus Aid, Relief, and Economic Security ACT (CARES Act), it has sparked both interest and confusion amongst all those considering taking advantage of its benefits. Particularly the Paycheck Protection program, or PPP. In an…
Read MoreWhat Topics Should One Avoid While At Work?
Topics to Avoid at Work Have you ever been around a person who feels like he or she needs to tell you everything about themselves? Someone who reveals way too much personal information, can make others feel uncomfortable. We all have many sides to our lives and our personalities, and some people are more open…
Read MoreIs Philanthropy Good for Capitalism?
Is Philanthropy good for capitalism? In 2013 Zoltan J. Acs wrote the book Why Philanthropy matters. It explores the benefits of Philanthropy on the US economy; “…philanthropy as an underappreciated force in capitalism, measures its critical influence on the free-market system, and demonstrates how American philanthropy could serve as a model for the productive reinvestment…
Read MoreThe Tax Side of Dealing in Collector Cars
The tax side of dealing in collector cars can be quite interesting. Are you a collector? People collect all kinds of different things, including stamps, art, sports cards, jewelry, coins and cars to name just a few. Speaking of collectors, collectibles can be a great hobby but they can also draw the attention of the…
Read MoreLife Built Upon Pillars – The Venice Life-Structure
Is your life built upon pillars? Will your future wealth be dependent on today’s income? As always, it depends! It depends on so many factors that even tomorrow can be a game changer in either a wealthier direction or into a more uncomfortable financial situation. Therefore, it is important to have a strong structure from…
Read MoreWhy I Will be Better in 2021
Why I will be better in 2021 and 2022. Every year, millions of New Year’s resolutions are made on January 1st, and like mine, many of them never make it past January 31st. But this year I want to be better: better at setting goals and better at reaching them. In 2020 I learned a…
Read MoreClarification of Tax Treatment of Covered Loan Forgiveness
Clarification of Tax Treatment of Covered Loan Forgiveness CARES Act Sec. 1102 provides that a recipient of a PPP loan may use the loan proceeds to pay payroll costs, certain employee benefits relating to healthcare, interest on mortgage obligations, rent, utilities, and interest on any other existing debt obligations. If a PPP loan recipient uses…
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