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Here’s an idea: Why not purchase a motorhome or recreational vehicle and deduct it as a business expense?

As long as you use it for business, this could be a really sweet deal. And if you just happen to use it for pleasure once or twice, that’s no big deal, right?

You won’t be the first person to think of this and if you don’t follow the IRS rules, you won’t be the last to experience the consequences. The courts and the IRS have battled this discussion several times. Both have been challenged trying to confirm when the motor home is a business vehicle and when it is a business lodging facility.

Does it matter?

It does. The business aspects … Read more →

There can be no more exciting a time than to go from punching a clock to being your own boss. But starting a business means more than deductible lunch dates and setting your own hours. If you think self-employment means you get to kick back and relax, it won’t happen. Most entrepreneurs will tell you they have never worked harder.

Starting a new business takes time and money. If you do nothing else, begin with a business plan. Your investment of blood, sweat, and tears can pay off for the life of your business—as long as you make prudent choices, and a business plan will help you calculate what you’ll need and how much it will cost.

The money you … Read more →

Today, we’re going to take a deeper dive into the subject of how to get cash quickly and share the fine print you need to know about hard money lenders, factoring and merchant cash advances.

If there’s one thing all loan sharks have in common, it’s this: they prey on people that really need cash. Posing as heroes upfront, they swoop in and make you think they can part the Red Sea. Up until payday anyhow—when you learn that money you got access to came at a steep price. A very steep price. 

If there’s one thing all hard money lenders, factors and merchant cash advance companies have in common, it’s the fact that they’ll give you quick cash, but … Read more →

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