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Blockchain

There has been and continues to be a huge push for Blockchain data to be widely accepted. Blockchain is an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way from the inception of the currency. ...

Failure

“Failure is not to be feared. It is from failure that most growth comes.” Failure is usually the greatest fear of most entrepreneurs.  That fear is exponentially increased especially if you are just starting your business and have a family to feed. Fear can be...

Investing

When deciding to begin investing in stocks or bonds, part of the equation of whether to do so or not to invest is the “return on investment” or ROI. In the days of yore, this was a much simpler calculation and it was easier to determine which stocks to invest in and...

PPP Forgiveness

I am going to harp on this on final time.  PPP Forgiveness of the loan will be deemed tax-free. However, to business owners who take the loan will not be able to write off expenses that would otherwise be deductible if they use those PPP funds to cover the cost and...

Run on Guns

The Wall Street journal recently have had a few articles on American’s race to arm themselves. The first article quoted FBI gun-sale figures. They show that in July the bureau carried out 3.6 million background checks, the third highest month on record. Adjusting the...

Retirement

You have worked long and hard. You also planned and saved and sacrificed to make this happen and now want to enjoy your later years in peace and quiet, with comfort. Did you expect that in retirement taxes can be your largest expense?  Probably not.  All of those...

Tax Preparers

Some data to explain why the IRS would like oversight of unenrolled preparers. Those who are not CPAs, attorneys, enrolled agents, enrolled actuaries, etc. They prepared 53% of all 2018 Form 1040s. That figure increases to 76% when you count only 1040s with Schedule...

The US is no longer #1 in the world

We alone are no longer number one.  To stay number one, we need to recruit from other countries and our policies are now making this more difficult, if not impossible. We are not growing all that we need internally. In the competition for global talent the U.S. has...

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