Financially Simple™
Helping thousands of business owners and individuals destroy the complexity of money. Using easy-to-understand language and examples, we educate you from simple concepts to complex financial theories, all with the goal of making your business and personal life... financially simple.
July 17, 2018
If you make income from the sharing economy it could impact your taxes. Whether you’re thinking about renting your home while on vacation or taking on a side hustle to put some extra cash in your wallet, you need to consider a few things before you jump in. The key factors for you to know are that the sharing economy activity is generally taxable! That could include: Income stated on a 1099 or W-2 A side business Part-time work Any cash payments received When it comes to rentals, you will want to keep in mind that there are special rules governing this activity. If you are among those renting out a home or apartment, but who also lives in it during the year, be sure to chat with a check the IRS website or chat with your CPA. If you do take part in the sharing economy as an employee, you should review your […]
July 12, 2018
Many entrepreneurs need funding to start a business or grow their business and these folks often turn to banks for financing. Many times, however, the bank may reject your application. Yes, completing a loan application for your company is just one step in the process of securing your funds. However, actually securing the financing may take more work than you realize.
July 9, 2018
We all receive many email messages. As we read them we assume that they are actually from the person they claim to be from… especially if the email looks and sounds official. However, if you receive one from the Internal Revenue Service, you have just gotten an IRS phishing scam email. These scams are generally carried out through unsolicited emails or websites, and will typically request personal or financial information including requests for passwords, PIN numbers, or any information concerning your credit cards, banks, and other financial accounts.
July 6, 2018
I typically start my day by reading emails. I generally have tons of emails from companies wanting me to sell their products to my clients. I receive emails from Real Estate Investment Trusts, Cash Value Life Insurance companies, ETF’s, Stocks and mutual funds. I even get emails trying to get me to push individual stocks and annuities! These sales pitches just aggravate me. Let me explain why. RANT WARNING!!!!
