Business Finance

Longtime readers will remember that I have a more favorable view on debt than most – the right types of debt that is. We’ve written about the dangers of excessive debt, but more often have talked about how the intelligent use of debt can be quite advantageous (examples can be found here, here, and here). […]

2020 and all of its tax deadlines are upon us! Below is a quick guide of the most important dates to keep in mind this calendar year. January 15th: due date to pay 4th quarter estimated taxes. January 31st: Due date to send out 1099s and W-2s to recipients. Due date to file 1099s/1096s with […]

“Facts are stubborn things, but statistics are pliable.” ― Mark Twain I’m a big proponent of tracking key metrics in your business. (For those unfamiliar with the term, a metric is simply a quantifiable measure that businesses use to track, monitor and assess the success or failure of various business processes). A large portion of my […]

“They used to tell me I was building a dream With peace and glory ahead Why should I be standing in line Just waiting for bread?   Once I built a railroad, I made it run Made it race against time Once I built a railroad, now it’s done Brother, can you spare a dime?” […]

Bookkeeping is the bane of most business owners’ existence. But ignoring our books or putting them on the back burner can be one of the costliest mistakes we ever make. A few years back, SCORE conducted a poll asking entrepreneurs what was the worst part of owning a small business. A whopping 40% answered bookkeeping and taxes. […]

2019 and all of its tax deadlines are upon us! Below is a quick guide of the most important dates to keep in mind this calendar year. January 15th: due date to pay 4th quarter estimated taxes. January 31st: Due date to send out 1099s and W-2s to recipients. Due date to file 1099s/1096s with amounts […]

A few years ago, I wrote an article on gold and the fallacy of so-called “safe” investments. One of the major points in that article was that (over the long-term) “low risk” investments can be very expensive because of opportunity cost. Compounding interest is powerful, and the change of a few percentage points of return […]

Every year, I have (nearly) countless conversations with clients about how they can reduce their tax bills. And, obviously, that is a big part of the expertise we provide and the service for which they pay us. When we meet, at least half of the conversation centers around legal tax maneuvers they can make to reduce their […]

The recently passed business tax plan is the most comprehensive tax reform passed in three decades. As a business owner, here’s what you need to know:

“We don’t know what it was but we had it We don’t where it went but we lost it And it may never come back again but I sure wish it would We don’t know what it was but it sure was good” – George Jones and Tammy Wynette – “It Sure Was Good” A lot […]

Analysis of the Tax Cuts and Jobs Act (Trump/GOP Tax Plan) Congress recently passed the most comprehensive tax reform in three decades. And suddenly, I’m a popular guy. People who would normally cross to the other side of the street when seeing a CPA approaching them, or who would avoid me at parties – fearing […]

2018 Tax Calendar 2018 and all of its tax deadlines are upon us! Below is a quick guide of the most important dates to keep in mind this calendar year. Take a careful look as and mark them on your own calendars: January 15th: due date to pay 4th quarter estimated taxes. January 31st: Due date […]