“But I don’t want an empire. What am I going to do with an empire? I’ve got five kids, a beautiful wife and I’m hoping on some grandkids. That’s what I care about.” – Jack Nicklaus the week of the 1986 Masters. Priorities in life are a funny thing. In my life, nothing says Spring…
What if I told you I have a magical way of converting waste into retirement savings? Would you take about two minutes and read the secret recipe? If your answer is yes, then grab a pen and paper and make your own list as you read through this week’s blog. How much do you spend…
Is there a missing egg? Have you ever had the pleasure of coloring hard boiled eggs with your children or grand-children and then have the “Easter Bunny” (aka Mom and Dad) hide them for finding on Easter morning? This was an Easter tradition for our family and it made Easter morning a quick fun filled…
If you’re like me, you’d prefer to pay as little as possible in taxes each year. To help you save your hard-earned money, here are 5 commonly overlooked ways to save money at tax time 1. State Sales Tax Thankfully living in Texas we do not have a state income tax. However, we can deduct…
A high percentage of the questions a CPA gets this time of year, begins with the simple question. “Can I deduct that?” Yes, if it is “Ordinary and Necessary.” But what exactly do “ordinary and necessary expenses” include? This also depends on your business. For instance, if you own a retail store, the IRS wouldn’t…
First, let’s clear the misconception about a ROTH IRA. If you do a ROTH Conversion this year, it will cost you money. However, in the long turn it might be the best tax avoidance strategy you could have. Why on earth would I recommend paying higher taxes?