If researchers at the University of Chicago are right, the pain you feel at Tax Time isn’t just in your head. Scientists now know math headaches are real. And they could explain our tendency to put off math-related tasks like tax preparation and bookkeeping. That’s because their most surprising discovery was the pain’s source. The …
A few years ago, the former Secretary of Defense, Donald Rumsfeld sent a comical letter to the IRS to make a point… In his letter, dated April 15th, 2014, he wrote the following to the Internal Revenue Service: “This note is to alert you folks that I know that I do not know whether or …
To be fair, it wasn’t wrong when he was alive – but unfortunately, it’s dead wrong today… You’ve heard his famous saying a million times… “A penny saved is a penny earned.” In other words… saving money is just as valuable as earning money. “But why is this statement wrong?” you might be asking… Well, …
The Receipt Rule: When You NEED ‘Em & When You Don’t! Time for some straight-talk on receipts! People ask me this question ALL the time: “Do I really need to keep my receipts? I have my credit card statement…” The answer is YES! In fact… …The #1 way that the IRS nails business owners in …
Save a truckload of money by buying a qualifying vehicle before December 31st! Ever wonder why you see business owners driving new trucks and SUV’s at the end of the year? It is because they save a ton of money on taxes when they buy a qualifying truck or SUV and you could too. Come …
Your tax preparer has a superpower. His brain is supercharged with countless ways to save you money on your taxes. But… the tax preparer doesn’t use his superpower much. You see, most tax preparers are conservative. They avoid risks at all costs and don’t like to draw attention to themselves. Generally speaking, your accountant will …
How To Put Your Accountant’s Superpowers to Work Read More »
Did you get that painful letter in the mail? The one that told you that your insurance premium is going up 25% or more in January? My friend Josh got his letter and it made him sick… His rate skyrocketed for his mediocre health insurance plan from $1200/month to a staggering $1,750/month – More than …
How to offset the rising cost of health insurance for the self-employed. Read More »
It’s actually quite simple… Your kids have hobbies. They could be into music, video games, sports, dance, debate club, or a thousand other things. Those things usually cost a lot of money. Money that usually comes out of your pocket. Savvy business owners have figured out a totally legitimate way of letting their business …
How music lessons and video games saved me $2,051 on taxes. Read More »
