financial advising

The Importance of a CEO Succession Strategy

50% of today’s companies which have a turnover of $500 million do not possess a suitable CEO succession plan. This may come as a bit of a shock as such strategies are highly essential to maintain a healthy growth of a company.

Preserve Your Own Retirement Nest Egg While Providing Care for a Loved One

Care and Costs are two sides of a coin when it comes to taking care of your loved one. Increasing expenses may cause pressure even to the ones with strong financial background. You may need help from a few expertly approaches to restructure and balance the scenario, in order to avoid depleting your own retirement fund.

The Flat Tax for C-Corporations

With the new tax law (TCJA Act), there has been a permanent flat 21% tax rate on C-corporations from January 1st, 2018, naturally many tax payers may be interested in switching their entity to C-corporation to evade paying high tax.

Attention Smaller Business Owners - Clearer Guidance on the "Qualified Business Income" Deduction From IRS

Attention Smaller Business Owners - Clearer Guidance on the "Qualified Business Income" Deduction From IRS

The IRS has proposed regulations concerning the qualified trade or trade income deduction under section 199A, with a guide on calculating W-2 wages along with commonly asked questions for sole proprietorships, partnerships, Trust and S corporations to deduct 20 % of their QBI.

Dis-Union: States' Workarounds for the $10,000 Limit on the State and Local Tax Deduction

Dis-Union: States' Workarounds for the $10,000 Limit on the State and Local Tax Deduction

The 2017 tax law Tax Cut and Jobs Act (TCJA) allows individual tax payers a detailed deduction for state and local income, real property and personal property taxes. For tax years from 2018 through 2025, the TCJA under its sub section, disallows individual tax payers from subtracting more than $10,000 in state and local taxes.

10 Ways to Increase the Money YOUR Business Makes and Keeps

10 Ways to Increase the Money YOUR Business Makes and Keeps

Turns out that to win football championships, as well as finance, you need to be good at both offense and defense. Much like football, if you want to increase the money your business makes, as well as learn how to keep it, you have to know the rules, have a strategy and play both offense and defense to win your financial game.

It Came From Under the Ground!

It Came From Under the Ground!

The push for postcard taxes, along with the push for a so-called “flat tax,” are steps towards a bigger goal to eliminate the IRS entirely. But here’s some more uncomfortable reality. Even if we did have a postcard-sized flat-tax form we’d still need someone in Washington to administer it. We’d still need collections officers to chase down the people who don’t pay it. And we’d still need tax cops to catch the people who cheat on it. Much as we love to hate the IRS, it’s not going anywhere soon.

Something More Important Than Lower Real Estate Costs

Would high state taxes be enough to make you move? Or do the quality of your life and breadth of opportunity mean more than mere taxes?