Save Money by Buying Antiques
Here’s a good business rule to follow: buy low and sell high. That’s good, but the three-step process below is even better: Buy low. Depreciate to zero. Sell high. And you can accomplish this by using antiques in your business. If you can buy an antique car, clock, rug, desk, cabinet, bookcase, paperweight, conference table, chair, umbrella stand, coatrack, library [...]
Make New Year’s Resolutions You’ll Keep
Will the coming year be the one when you achieve all your New Year’s resolutions? It could be, if you follow these steps to setting and achieving your goals: • Write down your resolutions - Make them specific; make sure you can measure the goals. Track your progress to that goal. • Establish the benefits - Write down why you [...]
How the IRS Can Use Form 1099-K to Audit Your Business
Form 1099-K reports credit card sales to the IRS and also gives the IRS another audit weapon. The rules have now been around long enough to appear in court cases. When lawmakers enacted the rules for the 1099-K, they stated that the reason for the new 1099-K was to improve “voluntary” compliance by business taxpayers and to help the IRS [...]
Raising Strong Kids
Help your children to become more resilient by focusing on these three areas: Negative thoughts - If you were ever the last one picked for a team in P.E. or someone whose accomplishments were compared against those of an older sibling or a prodigy neighbor kid, then you’ll know firsthand the doubt, dread and lack of confidence that can overtake [...]
Changing Course? Follow These Guidelines
Changing an organization’s direction is difficult, but sometimes it’s necessary. Whether your company has two employees or 20, pay attention to these change management fundamentals: Start at the top. You can’t expect people to change their habits if you’re not willing to make some adjustments yourself. Set a positive example to show your commitment to the new approach. Persuade other [...]
IRA Retirement Plan Limitations For 2018
The Internal Revenue Service announced cost of living adjustments affecting dollar limitations for IRA and recently retirement-related items for tax year 2018. Here are the highlights: The income ranges for determining eligibility to make deductible contributions to traditional Individual Retirement Arrangements (IRAs), to contribute to Roth IRAs and to claim the saver’s credit all increased for 2018. Taxpayers can deduct [...]