The Final Business Month of the Year
This is a pretty safe topic in the month of December, because the vast majority of American taxpayers are reporting their income in the calendar year. If that sounds confusing, it might be because you’ve never considered another option, which is fine by me. If you use a fiscal year (anything other than calendar), such […]
The Year Ahead
It’s that most wonderful time of year again. December! This month means a lot to me now for a multitude of business metric reasons. Besides that, December also evokes a phantasmagoria of treasured memories from a distant childhood. There was a department store on the busiest street in the suburb of my youth, and the […]
A Month Full of Gratitude
I like November because, obviously, it has a turkey feast holiday with family and friends. Don’t you? I was introduced to the concept of November as gratitude month about 15 years ago or so, and I always like the idea. Someone I have quite a bit of respect for asked me and a group of […]
Framework Makes the Game Work
This is where the proverbial rubber hits the road to entrepreneurial success. Have you ever heard of a house built on a foundation of sand? Does not sound very right and proper, does it? Now, if you’re sitting in your comfortable chair thinking about what point I’m trying to make here, I won’t leave you […]
Year-End Business and Tax Considerations
With the year basically 7/8ths behind us, I felt like it’s an excellent time to address some important topics concerning all of my business and taxpaying people. 1099-K reporting Do you take credit cards? If you used to receive over $20,000 in transactions in a year it would trigger a 1099-K from your merchant, meaning […]
What Happens when TCJA Expires?
If you’ve landed here, you are probably painfully aware of the meaning of the acronym TCJA. The Tax Cuts and Jobs Act of 2017, which was signed into law just in time in December to go into effect for the first year of 2018. The politicians that pushed this through touted all of the new […]
The Fourth Quarter of 2022
Most American taxpayers live and breathe and have their being in the universe of the calendar year. Therefore, the fourth quarter is, for most people, the period from October 1st to December 31st, or what we call here in shorthand EOY (end-of-year). If this was a horse race we’d be “in the stretch,” the home […]
Does Health Determine Wealth?
There are three areas of commerce on the internet that the best business coaches in the world all seem to agree on. They are: health, wealth, and relationships. People are going to always buy things that relate to one of these three things. You have to admit that this covers quite a bit of ground, […]
Nothing is Certain Except Death and Taxes
Ah, taxes. The price of a polite society, or whatever that guy said. Now, you could sit around in an undergrad philosophy classroom, and with all the wonder and majesty of the Socratic method debate the veracity of this statement. There are other certainties. I’m certain of it! What about planetary and galactic rotation, particle […]
The Final Return Filing Deadline
Have you got your taxes filed for 2021? Statistically, if you’re American and you’re reading this, 9 out of 10 of you filed by the April deadline. The IRS website table for tax year 2021 tells us that’s 133,624,100 tax returns, 99% of which were e-filed. Go, America! Way to embrace the e-file system! So, […]