Because we’re CPAs, we get people asking us a lot about when someone can and can’t use TurboTax or a similar product to self-prepare a tax … [Read more...] about Your CPA versus TurboTax
Lessons from Liberty Tax Service, Part 2
Last week I posted a pretty glowing review of Liberty Tax Service’s franchise model. In short, I basically fawned over the stuff Liberty does really … [Read more...] about Lessons from Liberty Tax Service, Part 2
Lessons from Liberty Tax Service, Part 1
A few weeks back, I attended a presentation for people interested in becoming Liberty Tax franchisees. A friend was thinking about the franchise, … [Read more...] about Lessons from Liberty Tax Service, Part 1
Real Estate vs IRA and 401(k) Accounts: Part II
Last week, I blogged about the tax reasons direct real estate investment may be a better, more tax-efficient choice than using options like an IRA or … [Read more...] about Real Estate vs IRA and 401(k) Accounts: Part II
Real Estate vs IRA and 401(k) Accounts: Part I
I’d like to broach an awkward subject with you. Specifically, I’m going to present the case for direct real estate investment as an alternative to … [Read more...] about Real Estate vs IRA and 401(k) Accounts: Part I
$10,000,000 Individual Retirement Accounts and 401(k)s: Actually Possible?
In an online forum recently, I saw someone suggest you can accumulate a $10,000,000 Individual Retirement Account or 401(k) account. This is … [Read more...] about $10,000,000 Individual Retirement Accounts and 401(k)s: Actually Possible?
Blue Collar S Corporations
I watched the CNBC television show, “Blue Collar Millionaires” over the summer. A good show, episodes (rightly) hammer home the point that America … [Read more...] about Blue Collar S Corporations
Why Small Businesses Should Outsource Payroll
Winston Churchill, apparently quoting some unknown earlier writer, once said, “Democracy is the worst form of Government except for all those other … [Read more...] about Why Small Businesses Should Outsource Payroll
Small Business IRS Audits: Minimizing Damage and Distress
Small business IRS audits can turn into a really ugly experience for some business owners, managers and entrepreneurs. But you know what? The … [Read more...] about Small Business IRS Audits: Minimizing Damage and Distress
The Rich Get Poorer: the Myth of Dynastic Wealth
In the recent paper, “The Rich Get Poorer: the Myth of Dynastic Wealth,” Robert D Arnott, William J. Bernstein, and Lillian J Wu analyze the arguments … [Read more...] about The Rich Get Poorer: the Myth of Dynastic Wealth