I find it interesting to learn about what our nation’s top leaders are proposing in regards to taxes. Many policies of the federal government are put into place to encourage people towards a particular social agenda. For example, child credits where working families with children qualify for a $1,000 tax credit (have children please and [...]
2014 marks the year when we really had to worry about the tax implications of this law. No matter your political opinions this is now an issue that affects millions. It is what it is! The Affordable Care Act, the federal health care law, will bring some surprises at tax time for many. This [...]
Just like you go to the doctor and the dentist regularly for a checkup, it’s also a good idea to give yourself a regular financial checkup. While you still might have 15+ years until retirement, you're not a kid anymore either. It's probably time to take a hard look at your financial situation and make [...]
It comes time in everyone’s life when you must give up a few tasks in order to go to that next level. As a leader of a small business it’s HARD. It’s not only hard for the leader but it’s really hard for everyone. The first stage of giving up certain tasks is [...]
Trying to Build Wealth? Are You Building VALUE? Who doesn't want more money? Even people with billions of dollars seem preoccupied with trying to get even richer. But why do some people seem to acquire money easily while others really struggle? I'm sure you've noticed that many financially successful people aren't particularly talented. [...]
Southern Arizona Department of Revenue has in fact changed things up for contractors and sales tax! Its simplified but not really. I attended two classes on this now and thankfully feel a little more knowledgeable of course until it changes again. Okay, so here are the facts. There are two [...]
The Internal Revenue Service recently issued the 2015 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on Jan. 1, 2015, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: 57.5 [...]
Recent legislation passed just before adjournment by Congress provides some last-minute opportunities for taxpayers. These include tax provisions that had expired in 2013 but because of this bill have been extended through 2014. However, to take advantage of these extended laws you must qualify for them based on actions taken earlier in the [...]
There are changes that are taking place at the beginning of the year that may affect your business if you're in Arizona. Today we attended a webinar on the changes affecting sales taxes and licensing in the State of Arizona. Retailers and Contractors who collect/charge sales taxes will be affected. Here are the highlights: Everyone [...]
True entrepreneurs understand the idea of investment and are willing to look at the long term goals in their buying decisions. Over the years I chose to invest in many things and people to see growth, change direction and sometimes just for mental health. It’s taxing (no pun intended) to be a sole-owner and that [...]