Professional business advisors like me hold all sorts of ideas about small business success formulas, or recipes. But can I share something that’s … [Read more...] about Six Common Formulas for Small Business Success
Setting a Strategy for Your Small Business
When starting any new business, but particularly when starting a new business in a competitive category, you need a clear notion of what your business … [Read more...] about Setting a Strategy for Your Small Business
Primer on California S Corporation Taxation
You can get extremely detailed information about how California taxes both in-state and out-of-state S corporations from the California Franchise Tax … [Read more...] about Primer on California S Corporation Taxation
Applying the Logic of Asset Allocation to Your Small Business
Last weekend, I read William Bernstein's latest investment book, Rational Expectations: Asset Allocation for Investing Adults. Unless you’re … [Read more...] about Applying the Logic of Asset Allocation to Your Small Business
Why Early Mortgage Repayment Makes Sense for High-income Investors
Let me start by saying that early mortgage repayment doesn't really make sense for most people. Oh, sure, I know how the math looks. Add a modest … [Read more...] about Why Early Mortgage Repayment Makes Sense for High-income Investors
A Contrary Take on Sec. 529 Plans and Qualified Tuition Programs
If you’re here, reading this page, you probably understand what a Sec. 529 plan is. This plan, a tool for accumulating money for college costs, lets … [Read more...] about A Contrary Take on Sec. 529 Plans and Qualified Tuition Programs
Primer on the FBAR and FATCA Rules & Penalties
Our CPA firm office prepares a lot of the FinCEN 114 and 8938 forms—which are the forms you use to comply with the "Foreign Bank and Financial … [Read more...] about Primer on the FBAR and FATCA Rules & Penalties
Small Businesses and the New Sec. 263 Repair Regulations
Okay, you may not know this yet. But a 2013 change in the accounting rules for repair and maintenance expenditures (specifically, Treasury Regulation … [Read more...] about Small Businesses and the New Sec. 263 Repair Regulations
Weaponry You Want If You’re Audited
For whatever reason, we seem to see clients get audited in waves. Months will roll by and other than those annoying “audit letters” (which are … [Read more...] about Weaponry You Want If You’re Audited
First Year Checklist for Washington S Corporation
We've helped a number of business owners and entrepreneurs set up an S corporation this year. So I thought it might be a good idea to create a little … [Read more...] about First Year Checklist for Washington S Corporation