Testimonials

Blood, sweat, and tears: the labor of love you pour into your business every day. It may be priceless from your standpoint. But will it have a fair market value on the street?

Here’s a question for you: How do you accurately translate your net worth?

A hundred dollars an hour?

A thousand?

Okay, we know, you’re worth every penny, but regardless of what it says on paper, you won’t be able to calculate the true value of your efforts until you have been paid. And by the way, don’t assume donating those hours will result in a big fat deduction at tax time.

What About Charity Donation?

When you donate time to a charity or you’re looking to deduct … Read more →

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 →

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