Latest From the Blog
Side Jobs - The Pros and Cons
In today’s inflationary times and a down stock market, people are looking for side jobs as another source of income. But avoid some of the nasty surprises by planning ahead for additional income taxes, a possible increase in your Medicare premiums, or a reduction in your Social Security benefits.
Estate Planning for Crytpocurrencies and NFTs
Am I missing out on investments in crypto and NFTs? To answer that question, I decided to do a deep dive into these types of investments. My deep dive was in vain. I simply do not understand the mechanics behind them or just what gives them value.
Tax and Asset Protection Considerations
When your accountant or attorney wants to discuss entity choice, they are referring to the various types of business entities or structures available. Generally speaking, the relevant options available for most businesses including start-ups are:
The "ABCs" for new businesses
Starting a new business can be an unbelievably exciting time! Unfortunately, due to various governmental agency compliance issues, it can be an overwhelming undertaking.
The statistics don’t lie. Most new businesses will not make it past their first year. The big question is why?
Financial Statements
You are working hard, very hard. In fact, you have never worked so hard in your life. Your employees are also working hard. Therefore, your business must be doing, amazingly well. Right? BUT...your bank account is nearly empty, your desk drawer is full of checks that you can't mail, and your line of credit is maxed. So, what is wrong - where is all the cash going? Often, the mystery may be explained by analyzing your financial statements.
Where to Live When You Retire
Many people have retirement savings in the form of 401(k)s, IRAs, and other such funds, but many people can get stuck when it comes to where they wish to live out their retirement. The Dayton Business Journal has provided the top five places where retirees have, on average, the best financial security, and our very own Dayton comes in at number 5!