Do I Need a Consultant?
If you have a business, you are likely not an expert at all facets of running your business. A consultant can be hired to lead you in areas that are not your expertise.
What is Consulting?
Consulting can help a business by examining existing problems, developing solutions and identifying best practices. Consulting can also be targeted to one segment of the business like taxes or information technology.
Fair Tax Bill
The Fair Tax Bill was first introduced in July 1999 and was re-introduced in early 2003 by U.S. Representative John Linder. The Bill repeals all federal personal income taxes, corporate income taxes, payroll taxes, self-employment taxes, capital gains taxes, gift taxes and estate taxes. In place of the repealed taxes, there would be a 23% national retail sales tax on all retail sales of new goods and services. Let us explore some of the elements of the Fair Tax Bill.
Are You Withholding Enough to Cover Your Tax Liability?
Withholding money from your paycheck is part of our “pay as you go” system for paying income tax. Generally you want to withhold enough to cover 90% of your tax liability.
I Bonds
The I Bond is a type of savings bond, issued directly by the U.S. government. I Bonds are available through banks, most financial institutions or directly over the Internet at www.treasurydirect.gov.
Long-Term Care Insurance
Adding long-term care insurance as part of your financial plan is partially a subjective decision that involves more than just financial analysis. Depending on your assets, you may be able to “self-insure.”
Fixed-Income Investment Selection
Fixed-income investments are designed to bridge the gap between after-tax income and your desired after-tax spending.
Will it Really Take 39 Years to Deduct the Cost of Your Commercial Building?
If you do not want to wait 39 years to deduct the cost of your commercial building, a cost segregation study can classify some elements as personal property.
Choosing a Mortgage
Your home will likely be one of the largest financed purchases, so it is important that you find the right mortgage for your financial situation.
Shopping for a Mortgage
When shopping for a mortgage, it is best to request a Good Faith Estimate with the lender’s best interest rate with zero points from several lenders. This way you can compare the interest rates and closing costs.