March 15, 2021
As business owners, we often have meetings with our team, board members, investors, etc. In many cases, you’re required to keep a record of your meeting minutes. However, the idea of keeping minutes of meeting records can be a little confusing to some. That’s why today’s entry is all about how to keep effective meeting minutes.
December 16, 2020
Tax season is just around the corner and there’s little time left to make moves that will mitigate your tax bill for 2020. I recently sat down with a good friend of mine to discuss these end of the year tax power plays. Chris Mahan, owner of Mahan & Associates is a wizard when it comes to breaking down and taking advantage of the Internal Revenue Code (IRC). That’s why I thought of him when I began researching this subject. So, join me as I breakdown what I learned from Chris!
November 19, 2020
Over the last few weeks, I have been going over some of the things that keep business owners up at night. More specifically, I’ve been discussing the wealth or retirement gap that we all face. In today’s entry, I want to continue with this subject by answering a very important question… do taxes matter? The short answer is yes, of course. But as I dig deeper, I’m going to show you how taxes impact your wealth gap and your ability to accumulate the wealth you will need for your retirement. Join me as I unpack all of the pertinent details of this subject.
March 26, 2020
The COVID-19 pandemic has taken a massive toll on the economy and the way that we conduct business. As many are reeling from the shock of the disease’s immediate impact on small businesses — both owners and their employees — the U.S. Government has put together legislation to attempt to alleviate some of the economic strain. As is the case with most legislation, there is a lot to unpack in the Senate CARES act. I’ve taken the time to comb through some of the language and provisions included in the bill and have identified some of the key points that may impact you, the business owner. Join me as I explain the bill in Financially Simple terms.
December 27, 2018
As we head into the New Year, it may be time to give you online accounts a new password. The IRS urges everyone to review passwords and incorporate stronger standards to protect your accounts. In doing so you can help combat the impact cybercriminals have on the world wide web, as strong passwords help protect accounts from cybercriminal activity. Building a better password is as easy as one, two, three.
February 6, 2018
The IRS mails millions of letters to taxpayers every year for many reasons. Here are seven things to keep in mind when you receive a notice or letter from the IRS: