They say necessity is the mother of invention; I’d add that a tough economy is the mother for resourcefulness. While many startups and organizations are having trouble raising capital or borrowing funds, others are taking it upon themselves to get the job done. As an example, two guys I follow on Facebook — Christian singer […]
Hands down, the research I did on the impact of the Affordable Care Act for the individual for my last column was the most confusing to date. Researching the impact on businesses for this one was equally confusing. It’s difficult to keep the ins and outs, requirements, exceptions and penalties straight, so I hope this […]
I enjoy tax season for many reasons, but most of all because I look forward to catching up with so many of you and hearing how your year went. It also gives me insight into the local economy and how people are being affected (still struggling by the way). A common thread this year was […]
Some professional news to share today (below). I’m honored to be part of Kingdom Advisors, especially because of our ties to Larry Burkett, who founded Kingdom Advisors with Ron Blue. Larry made a huge impact on my life (and many others) back in the 80’s and 90’s and was my professional inspiration to go into […]
In a previous post, we looked at some of the steps involved with starting a small business. This time I’d like to dig deeper into choosing an entity for your business from a financial and tax perspective. The legal pros and cons are best left to your attorney, and consult your tax advisor for more […]
Thinking of starting a business? In this rough economic climate lots of people are. Here are some tips to get started. Coming up with a viable business idea to begin with can be tricky. It must be a product or service that people not only want or need, but are willing to pay for. You […]
My Q&A this week on Dimespring talks about the evolution of your tax situation as you get established in adulthood and your career, but the tips can be helpful for all of us. When you’re young, living at home, and all you have at tax time is a single W2, filing your taxes is pretty […]
Just in time to kick off the IRS opening efile season, here’s the final installment of the series of posts on tax recordkeeping . Of all the deductions our tax code allows, in my opinion the home office deduction should win the prize for “most likely to confuse and frighten.” So let’s shed a bit […]
One of the most stressful parts of tax filings is gathering the information. Looking for cancelled checks to prove charitable deductions or finding tax receipts and interest statements is one thing, but gathering proof of transportation or home office expenses when your record keeping has been lax can be excruciating. Managing tax record keeping as […]
Well, the autopen signature is dry, and HR8 is officially law. Now, to decipher what is in it and see how it affects each of us. I think it will take a bit of time to sort out the nuances of how the various changes and provisions interact, like the different levels of capital gains […]
