I’ve got a new idea to really boost the profitability of my small CPA firm. You might want to try something similar, so I’ll share the gambit. … [Read more...] about Diseconomy of Subscription-Style Services
Thomas Jefferson’s De Facto Bankruptcy
You probably know that Thomas Jefferson wrote the Declaration of Independence. You may remember that he negotiated the best real estate deal in the … [Read more...] about Thomas Jefferson’s De Facto Bankruptcy
Perpetuating a Family Business
This week I want to talk about perpetuating a family business. I mentioned in last week’s blog post my recent trip to Virginia. And the trip, a … [Read more...] about Perpetuating a Family Business
George Washington’s Business Secrets
We probably all expect to get the truly great business insights from some Harvard or Stanford business school professor who has just completed … [Read more...] about George Washington’s Business Secrets
Safe Harbor S Corporation Salaries
One of the challenges of setting a reasonable compensation amount for shareholder-employees of an S corporation is that no official “safe harbor” … [Read more...] about Safe Harbor S Corporation Salaries
Paying Zero S Corporation Shareholder-Employee Wages
I stumbled onto an online forum discussion recently where participants were berating some new S corporation owner about paying zero S corporation … [Read more...] about Paying Zero S Corporation Shareholder-Employee Wages
How Taxes Kill Successful Businesses
A handful of times this summer, I’ve helped successful business owners with a surprisingly common problem: That problem being a tax burden that seems … [Read more...] about How Taxes Kill Successful Businesses
Paying Payroll Taxes to Bump Pension Contributions
Jim Dahle, the physician who edits the White Coat Investor blog, hypothesized a week or so ago that it might make sense to add your spouse to a small … [Read more...] about Paying Payroll Taxes to Bump Pension Contributions
Ben Bernanke, Scenario Planning, & Your Small Business
So this blog post is a bit schizophrenic. I want to do a quick book review of Ben Bernanke’s book The Courage to Act. Then I want to delve into the … [Read more...] about Ben Bernanke, Scenario Planning, & Your Small Business
Why You Don’t Need to Worry about Taxes in Retirement
As a tax accountant, I am programmed to think about taxes. To worry about people paying too much in taxes. To obsess over tactics that allow clients … [Read more...] about Why You Don’t Need to Worry about Taxes in Retirement