Index funds represent a truly excellent financial product. They result in ultra-low-cost investing, provide massive diversification, and operate with … [Read more...] about Index Funds and Asset Allocation Even Better for the Wealthy?
personal finance
Why You Should Extend Your Tax Return
We’ve been scurrying around the last week or so, trying to finish up individual taxpayers’ tax returns. But can I share a tax accounting secret wit … [Read more...] about Why You Should Extend Your Tax Return
Five Best Small Business Tax Loopholes
About this time every tax season, as the April 15 deadline fast approaches, newspapers and magazines often run articles about the best … [Read more...] about Five Best Small Business Tax Loopholes
Are You Losing Money By Using Sec. 179 Depreciation?
If you've been in business for long, you probably know about the Sec. 179 election you can use to save taxes. Though you typically can’t use Sec. 1 … [Read more...] about Are You Losing Money By Using Sec. 179 Depreciation?
Why New Unit of Property Rules Are Important
2/17/2015 Update: Information about our e-book, which has been updated for Revenue Procedure 2015-20, appears at the bottom of page. For 2014 … [Read more...] about Why New Unit of Property Rules Are Important
Are One-person S Corporations Illegal?
A client came into the office the other day and mentioned she had heard one can’t use an S corporation for a one person business or for a … [Read more...] about Are One-person S Corporations Illegal?
Does the Vanguard Personal Financial Plan Work for Small Business Owners?
A few days ago, Vanguard prepared a personal financial plan for me. I actually have a personal financial plan already—one prepared based on the m … [Read more...] about Does the Vanguard Personal Financial Plan Work for Small Business Owners?
Stress Tests for Your Small Business
I did a think week last month and used much of the time to read several of the “second wave” books about the recent financial crisis, including former … [Read more...] about Stress Tests for Your Small Business
Vacation Homes as Small Business Tax Shelters
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