Recently, a handful of people have asked about this gambit where a small business owner turns a vacation home into a tax … [Read more...] about Vacation Homes as Small Business Tax Shelters
The Big Benefits of Entrepreneurial Longevity
Saturday night, a friend graciously treated my wife and me to the Crosby Stills & Nash concert at Chateau Ste. Michelle in Woodinville. The … [Read more...] about The Big Benefits of Entrepreneurial Longevity
Five Questions Your Business Plan Must Answer
To follow up on the last couple of weeks of blog posts about strategy and common business formulas, I thought this week I’d talk about how to write a … [Read more...] about Five Questions Your Business Plan Must Answer
Six Common Formulas for Small Business Success
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