The Entrepreneur’s Withholding Revisited
Once upon a time, in a not-so-long-ago blog article, I explored the idea of The Entrepreneur’s Withholding. In fact, I kind of kicked it like a rat and jumped up and down on it with thick-soled combat boots. Fact: everybody that makes money at a greater than poverty level of income pays tax. For simplicity’s […]
Common Sense Logistics
We’ve talked about this before. There are three ways to create more profit for your business: Increase gross revenue, reduce costs of goods sold including labor, and reduce other expenses. Today’s focus is on the latter way, expense reduction. I like to think about what motivated me to put together my e-book, “7 Hidden Sources […]
Running a Business
I try to talk about “what’s in it for you” as much as possible. A common mistake I see with a lot of people’s websites: I go to open it up with whatever link or search result I found first to get there… …and finding a whole lot of “look at how cool I am” […]
The Stock Market vs. Real Estate Investing
When it comes to investing, there are many options available. Just lately, the “secret personal” money market savings account I hold some liquidity in just topped 4.75%, and I found myself thinking about this subject. Heck, a few years ago 4.75% would have kept one ahead of inflation. But is cash savings the best possible […]
First Quarter Metrics
My favorite thing about April Fool’s Day, hands down, is that it’s the first day of the second quarter. The first quarter is, quite fortunately for we tax folks, to be exactly the same for both books and tax reasons. If you’re saying to yourself, “Why shouldn’t it be, anyway,” you may not be thinking […]
How to Succeed in Real Estate Investing
Let me make one thing perfectly clear right out of the gate. This is not an article about how to invest. That’s not what I do. At least, not in a hands-on direct way. My role in the life cycle of the savvy successful investor is the health and well-being of the financials. Saving thousands […]
Are Income Taxes Constitutional?
I’ve watched my fair share of courtroom drama, both television and movies, over the years, and this argument creeps into the dialogue once in a while. I suppose real people still talk about this when they get together socially on some occasions as well. Being the season we think about taxes the most (I’m kind […]
The First Quarter Estimated Tax Payment is Important
Yes, the first quarter estimated tax payment is an important deadline for those who are self-employed or who have income from sources that are not subject to withholding (such as rental income or investment income). Estimated tax payments are used to pay income tax and self-employment tax that may be owed throughout the year. They […]
The Benefits of S Corporation
A funny thing happened the other day while emailing back and forth with a colleague. She asked me about the benefits of being an S Corp for a couple of bookkeeping clients of hers, and of course my sense antennae went up. You know that sound power lines make on a foggy humid day? You […]
The S Corporation Deadline
There are two distinct sub-topics under the main headline here. The first is for those who are not yet an S Corporation, but are thinking long and hard about becoming one. Let’s make something perfectly clear here: by electing to become an S Corporation, you are NOT magically changing your entity structure. You will need […]