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Welcome to 2019. Congratulations for making it to this year. I'm so grateful. I feel so blessed to see 2019. What do you have planned for this year? You see, as you go on through this year, life will be filled with choices. And our choices of today, are the realities of our tomorrow. As you move through the year, there'll be lots of opportunities presented to you, and most of them
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Depreciation – 2018 Tax Law Changes
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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
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How to create a budget with this free budget spreadsheet
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
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Opportunity Zones Investing To Minimize Capital Gains Tax
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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
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Small Business Tip Audit Proofing Your Business Financials Part 4
Today I'm talking about...
If you have listened to my other videos, you heard me talk about the annual meeting. If you're a corporation, you are required to have an annual meeting. When you went to the Secretary of State and you filed that paperwork, that was part of the contract you have with the Secretary of State. You are supposed to hold this meeting once a year; it's a
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