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[Transcription] Today, I'm talking about. Welcome to your last minute 2018 tax planning. Today, I am going to talk about an overlooked tax deduction called the business bad debt. Specifically, we'll be talking about a business bad debt. What is a business bad debt? So now let's say, one of your customers comes to you, you provide a service, and then you provide a service, but they didn't pay you. They

Today, I'm talking about... Let us talk about fringe benefits. What are fringe benefits? Fringe benefits are supplemental compensations for employees. For example, you might give an employee a company car, health insurance, accident insurance, group life insurance, all those are fringe benefits. In other words, in exchange for their time, you're paying them these extra benefits in addition to their wages and salaries. Normally, these fringe benefits are done

[Transcription] Today, I'm talking about... What is depreciation? Depreciation is used for assets. When you buy an asset, and what I mean by "asset" is when you make large purchases that can be used over multiple years, that is considered an asset. When you do this, the default rule is you have to take the expense over several years. Now, there's some certain exclusions in the tax code that allows

Budget spreadsheet for entrepreneurs If you are looking for a budget spreadsheet where you can enter your projected income and expenses and the spreadsheet automatically calculates cash flow, tax liabilities and analyzes the numbers with some important metrics then this spreadsheet is for you. When budgeting it is not only important to project income and expenses but how this projection affects your desired outcome. Budgeting an increase in revenue without

[Transcription] Today, I'm talking about... If you are investor and you're in the habit of investing in property, even in the stock market, then you will be interested in knowing about the opportunity zones. The opportunity zones are designed to spur economic development in depressed neighborhoods, depressed communities. A list of those communities are in the Excel file attached with this lesson. And the benefit you get as an investor