Don’t Drink the Kool-Aid
Cryptocurrencies like Bitcoin, Bitcash, and Ethereum rest on a foundation of “blockchain”: a continuously growing public transaction ledger consisting of records called “blocks” that are linked together and secured using cryptography. Blockchain bulls see the new technology revolutionizing all sorts of transactions, like real estate sales and medical records. Skeptics dismiss the whole effort as […]
What Has Changed With Investment Real Estate?
Are you thinking about entering the investment real estate market? Or perhaps you already have rental properties that are bringing in a passive income for you? Regardless of whether you own the real estate as an individual or via a pass-through entity like a partnership, LLC or S corporation, your net income from those properties […]
Employee Achievement Award Is Tax Deductible
Good employees are so valuable to your growing business, particularly those that stay with you for many years. One way to honor them is to give them a meaningful present or award. The tax code allows for an “employee achievement award” which means you can buy something for your employees to acknowledge & thank them […]
More Important Than Taxes?!?
Last month, we wrote that New York money manager AllianceBernstein is moving its headquarters and 1,100 employees from a slick black Manhattan skyscraper to the steaming concrete jungles of Nashville, TN. It’s going to be culture shock for the firm’s employees, who have to trade their harsh winters and corned beef sandwiches for milder weather […]
Manly Men Doing Manly Things in a Manly Way
Back in the early 80s, a group of Democratic legislators decided to room together to cut the cost of staying in Washington for the three nights or so per week that Congress is in session. The motley crew included Representative George Miller of California (owner of the blue-gray house in Southeast DC), Senators Dick Durbin […]
IRS Scuttles Tax Breaks for Pirate Victims
It’s 1715 in the Caribbean and the Golden Age of Piracy is at its peak. The War of Spanish Succession is over, and thousands of privateers are left without gainful employment. From bases hidden away in the Bahamas, buccaneers like “Calico” Jack Rackham, “Black Sam” Bellamy, and “Black Bart” Roberts gather those sailors under new […]
Estimated Tax Payments
The IRS works on a pay-as-you-earn basis. That means the IRS requires everyone to pay taxes as they are earning throughout the year. If you’re an employee, the process may seem more comfortable because an HR department does the withholding calculations for you & applies it to your paycheck. However, as self-employed business owners, you’re […]
She Did It!
Early on Saturday morning, 29 million Americans woke up to take a break from school shootings, Russian collusion, and partisan gridlock to watch a California woman achieve a rare fantasy. The woman in question watched the sun rise as plain old Meghan Markle. But by the time it had set, she had become Her Royal […]
No Business Like Shvo Business
The lights of Broadway have long shone bright as the show business capital of the United States. (Hollywood may have the movies, but it’s just not the same. And Vegas? Puh-leaze.) New York theatres attract millions of visitors and billions of dollars every year. Naturally, sharp New Yorkers have co-opted show business tactics to promote all […]
Who hates their point of sale system?
If you have a business that sells products, you’re familiar with a point of sale system (POS software). A point of sale software is what brick and mortar retailers use to conduct sales. It’s sometimes a cash register, computer, or even an iPad where cashiers input products, tally costs and conduct financial transactions. Most point of sale systems will manage a […]