When running a small business, it is essential to understand the difference between tax fraud and tax negligence. In this article, we clarify these terms so that you can avoid unsavory business practices and stay on the right side of the law. Let’s start with some basic definitions to understand the difference between tax fraud […]
4 Tips for Saving Money on Real Estate Taxes
If you’re a real estate investor, saving money on your taxes can be just as crucial to your bottom line as the deals you make daily. While numerous tax strategies that you can implement to save on taxes exist, a few of them are more valuable than others. Here, we discuss four of the top […]
Are Trusts Just for the Ultra Wealthy?
The common perception among many is that trusts are just for the very wealthy. The reality is that even people of moderate means may find it extremely helpful to create a revocable living trust, a life insurance trust, or a special needs trust. Here are some of the circumstances when creating one of these trusts […]
How Rising Interest Rates Can Impact Investors
Like everything else in the economy, interest rates tend to move in cycles. So after several years of very low interest rates, investors shouldn’t be surprised to see a period of rising interest rates. Real Life Impacts The real-life impacts of rising interest rates on consumers are significant. While the opportunity to earn higher returns […]
The Top 5 Ways Businesses Get in Trouble With the IRS
As a small business owner, you probably know that willfully avoiding paying taxes will lead to severe problems with the IRS; however, IRS problems aren’t always a result of a business owner’s intentional actions. These are five ways business owners can get into trouble with the IRS that they might overlook or not realize. 1. […]
A Roth IRA – Benefits for Your Beneficiaries
Did you know that a Roth individual retirement account (IRA) can be more than a source of retirement income for you? If you have sufficient retirement funds and are looking for a way to leave your heirs a tax-advantaged financial legacy, a Roth IRA may be an option to consider. Traditional to Roth If you […]