Own a job, not a business.

You own your own business and make a decent living.  Could you sell your business if you wanted to?  Of do you actually own a job with client(s) who would leave if you  thought about selling? I know a number of franchises are really built around owning a job and...

Real wealth –

I have been working with clients this tax season, who are well into the top 10% of US taxpayers, none of them consider themselves wealthy.  Even those whom I know are the truly wealthy. During a recent webinar, they defined real wealth by having  passive income...

Options trading – in IRA

Years ago, I met a gentleman who wanted to learn the fundamentals of options trading. He was aware of the nightmare that options trading can have to an individual’s tax return.  Basically, needing to hire a tax professional to prepare the return. Being a thrifty...

Estimated taxes and making the payments

This tax season we are having more and more clients having a significant tax liability; some federal, some state or both. Some clients who have been having liabilities are planning to adjust their withholding.  I hope they follow through. For most we give them...

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