Have you ever thought about how to scale your business, but didn’t know how to take the first step? Or maybe you’ve already made some strides in scaling, but you feel you’re missing pieces of the puzzle. Maybe you’re even feeling stuck and unsure how to reach the next level in your business’ growth. In …
If you’re wondering how to get a juicy meals deduction for 2022, read on. We will also consider what the tax year 2023 will be like on this matter. With the Tax Cuts and Jobs Act coming into effect in 2018, there were some key changes for meals. Before 2018, the category “Meals & Entertainment” …
How To Deduct Your Meals For the 2022 & 2023 Tax Years Read More »
If you’ve ever wondered about the different tax professionals available to help your business, you’ve probably asked yourself what is an enrolled agent. In this article we’ll go over how they can help you and how they compare with the popular CPA designation. What’s the Difference Between EA’s and CPA’s The main difference between EA’s …
You might be wondering how to give your accountant access to your bank. If you use Bank of America, you can setup different levels of access for your team. Everyone can have their login ID and password and you can easily delegate a lot of the tasks that you might otherwise have to deal with. …
How to Setup Accountant User For Your Bank of America Account Read More »
We now go to France to continue our series on money experiments in history. As usual we’ll be relying on Michael Maloney’s book Guide To Investing in Gold & Silver.1 For more articles on precious metals investing, please go to our blog posts page by clicking here. For the previous article in this series, please click …
Why Invest In Gold And Silver And Why Now? 3: Money Mayhem in France Read More »
Is tax-free investing a myth or is it possible? In this article we will answer that questions and put the controversy to rest. One of the big things a lot of investors miss when analyzing their portfolios and making decisions based on that is the after-tax performance of their investments. This could potentially be huge …
We’re coming out of being subjected to all kinds of restrictions, lock – downs and medical mandates for nearly 3 years. In some rare cases this is still ongoing – no wonder the world economy is in a precarious situation. Inflation is skyrocketing and now major banks have failed. A derivatives-based economy and fractional reserve …
Why Invest in Gold and Silver and Why Now? 2: Echoes From Rome Read More »
You’ve made a 50% ROI over a two year period on your stock portfolio and sold to realize your profits. Good for you! You’ve done a great job and you put in the work in your research! But what about taxes on investment returns? One consideration we often don’t go into is the fact that …
Investment Returns – Why Before and After Tax Matters Read More »
In the face of recent bank runs, bank failures and closures, it’s a good time to consider if we ought to modify our investment portfolios to truly be able to adapt to the changing economic landscape. Mike Maloney’s book Guide to Investing In Gold & Silver1 surveys a handful of events in history that shed a …
Why Invest in Gold and Silver and Why Now? 1: Repeating A Money Pattern From The Past Read More »
Accelerated depreciation methods are one of the many ways you can take advantage of tax deductions. They’ll lower your taxable income and ultimately help you lower your tax bill year-over-year. A capital asset is defined as property the taxpayer holds that is expected to generate value overtime. Over the course of its life it will …
How to Take a Larger depreciation deduction using the Double-Declining Balance Method Read More »