What’s your favorite go to, live by saying? I like to keep a positive attitude so for me; I never lose. I only succeed or I learn. I learned this in Norway and it really stuck with me. https://www.youtube.com/watch?v=Meb7WX8YPj4&feature=youtu.be Hey,…
If you're a resident citizen of the US, you can give any other individual up to $14,000 per year. It is not a tax deduction to the person giving the money, but it is also not income to the person…
Cost segregation is when a group of engineers come into a building, commercial or residential, typically over $500,000 mark, and do an engineering study to pull apart the different pieces of the building to segregate the costs. When you are…
Make your top three list every night and tackle those tasks first thing the next morning before anything else gets done. If you get your big boulders done for the day, there's plenty of space left for all the little…
No matter what you do, whether it's knitting, playing tennis, traveling, playing with your kids, taking walks in the forest or desert, make sure that you book time for yourself. As entrepreneurs we can get really busy, and sometimes work…
Why do we ask a ton of questions? The reason why we do that is because we are trying to make sure to squeeze every little last dollar out of the government and keep it in your pocket. If you…
A tax preparer is one who takes your data, inputs it into a tax return, and spits out a number for you. A strategic tax coach or certified tax coach is a person who goes over your details, your life,…
"What is one of the best combinations to get the lowest possible tax bracket?" If a person has a W-2 job and is making fairly good money, and has the spouse who manages all of the family rental properties or…
This year, April 15th falls on a Saturday which means normally it would roll to April 17th and I believe that April 17th is also a holiday in DC so some people even have until April 18th to file. Quarterly…
Operating agreements are one of the most important documents for a business to have, especially if you are two partners that are not related or not married to each other. An operating agreement tells you what's going to happen in…
The IRS has technically defined de minimus as $100 or less. If you are a company who provides a company cell phone for your employees to use, you do not have to worry about adding that to their W-2. You…
One of my absolutely favorite authors is Tim Ferriss and to quote, "A person's success in life can usually be measured by the number of uncomfortable conversations he or she is willing to have." I have always found that: If…
If you have refunds due to you from the 2013 tax year, you need to make sure that you file before April 15th of this year; otherwise, those refunds belong to the government. If you think that you are owed…
If you're getting refunds from 2013 filing and you wait until after April 15th of this year to file, you will not get those refunds back. The IRS offices here in Phoenix have shut down their walk-in options. A former…
Do you have a business reason for your travel? If you’re traveling for a personal reason or for a vacation, you cannot deduct those expenses. If you have a business purpose for your travels, you can certainly write those expenses off…