Annulment and the Tax Man

I was on a webinar and the subject of divorce and annulment came up. For the longest time we did not have a client get a divorce while they worked with us, then it changed and seemingly a number of them were divorcing all at the same time. We knew our responsibilities...

Parents helping kids

I have been working on and off with a couple, now divorced, who have had some tax issues.  They owe(d) the IRS lots and lots of money. They make good money, but never seemed to withhold enough.  Hit their qualified funds and guess lived beyond their means for a time....

The Cash Flow Statement

As I have stated I am old.  When I went through college the Cash Flow Statement did not exist in it’s current form.  I was taught about the Statement of Change in Financial Position.  Quite different from the Cash Flow format. I understand the old statement was not...

Banks

Once again, I have been reminded why I need to work with more than one bank. I was looking to move my HELOC back to the bank where I do most of my personal banking. I moved the HELOC away from them because I found I had timed out, the cause for this was the banker...

Why do 90% of businesses fail?

I was doing a search for something else and the above statistic showed up.  I disagree with it, according to the US Bureau of Labor Statistics, only a quarter of businesses fail in the first year; and half die within five years. The rational for the failures given was...

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