I’d like to broach an awkward subject with you. Specifically, I’m going to present the case for direct real estate investment as an alternative to … [Read more...] about Real Estate vs IRA and 401(k) Accounts: Part I
$10,000,000 Individual Retirement Accounts and 401(k)s: Actually Possible?
In an online forum recently, I saw someone suggest you can accumulate a $10,000,000 Individual Retirement Account or 401(k) account. This is … [Read more...] about $10,000,000 Individual Retirement Accounts and 401(k)s: Actually Possible?
Blue Collar S Corporations
I watched the CNBC television show, “Blue Collar Millionaires” over the summer. A good show, episodes (rightly) hammer home the point that America … [Read more...] about Blue Collar S Corporations
Why Small Businesses Should Outsource Payroll
Winston Churchill, apparently quoting some unknown earlier writer, once said, “Democracy is the worst form of Government except for all those other … [Read more...] about Why Small Businesses Should Outsource Payroll
Small Business IRS Audits: Minimizing Damage and Distress
Small business IRS audits can turn into a really ugly experience for some business owners, managers and entrepreneurs. But you know what? The … [Read more...] about Small Business IRS Audits: Minimizing Damage and Distress
The Rich Get Poorer: the Myth of Dynastic Wealth
In the recent paper, “The Rich Get Poorer: the Myth of Dynastic Wealth,” Robert D Arnott, William J. Bernstein, and Lillian J Wu analyze the arguments … [Read more...] about The Rich Get Poorer: the Myth of Dynastic Wealth
Form 3115 for a Cash to Accrual Method Accounting Change
Most small businesses use cash-basis accounting for their operations. And that makes sense. First of all, cash-basis accounting makes a firm’s … [Read more...] about Form 3115 for a Cash to Accrual Method Accounting Change
Getting Smart about Past Due Taxes and Tax Returns
One of the biggest tax-related stresses people encounter is the situation where they accumulate several years of past due taxes and tax … [Read more...] about Getting Smart about Past Due Taxes and Tax Returns
Hiring Your Children as a Tax Loophole
Thinking about hiring your children as a tax loophole? Probably because it’s summer, several clients and friends have recently asked me … [Read more...] about Hiring Your Children as a Tax Loophole
10 Obamacare Facts Small Business Owners Must Know
Lots of small business, I suspect, have ignored the Affordable Care Act, the healthcare law we all better know as “Obamacare.” But that’s not … [Read more...] about 10 Obamacare Facts Small Business Owners Must Know