by | Nov 22, 2019 | Profit Maximizer Moment
I was talking to a new business owner who was worried about failure. He kept saying, “What will I do if this doesn’t work? I have young children, a mortgage, and other bills to think about.” This “What if I fail?” worry is the biggest thing that...
by | Nov 20, 2019 | Profit Maximizer Moment
I recently met with a business owner who was complaining that he was tired of just barely surviving for the last 15 years. I asked him, “Why do you expect a different result when you keep doing the same things?” Too many business owners don’t have a plan to...
by | Nov 19, 2019 | Profit Maximizer Moment, Tax Tip of The Week
For tax years beginning after 2017, business taxpayers (other than C-Corporations) may be able to take the new Section 199A 20% deduction of their qualified business income. This means that you will only pay tax on 80% of your business income. ...
by | Nov 15, 2019 | Profit Maximizer Moment
A trend I noticed a few years back seems to be gathering steam. My business clients seem to be doing either exceedingly well or just barely surviving. Those in the middle appear to only be there while they are either growing rapidly or continuing...
by | Nov 12, 2019 | Profit Maximizer Moment, Tax Tip of The Week
Many wage-earning taxpayers with children believe that their tax-planning opportunities are limited because they are not in business or don’t own rental properties. While they don’t have anywhere near as many options, there are still a number of strategies...
by | Nov 8, 2019 | Profit Maximizer Moment
Do you have a plan for dealing with all the new taxes affecting business owners in 2018? Failing to meet with your tax advisor can result in you paying much more in taxes than legally required. I had a client who set up a business using the wrong business...
