http://www.usataxaid.com It's your money, keep more of it. Fri, 30 Jul 2010 08:01:34 +0000 http://backend.userland.com/rss092 en Instant gratification. For some people, it’s a lifestyle. For business owners, it can be a trap. I see instant gratification in business terms as a deal or a project that makes you money right now. Nothing wrong with that – we’ve all got to keep the lights on and food ... http://www.usataxaid.com/ustaxaid-blog/creating-multiple-streams-of-income/ Does your business make you tired, day in and day out? If so, chances are you’re working at just one type of business income: active income. Active income means that you have to work to get paid. It also means that you haven’t looked at ways of leveraging ... http://www.usataxaid.com/ustaxaid-blog/3-types-of-business-income/ For those of you who are not familiar, BrightScope is a start-up company that has introduced an online-database and ranking tool for 401(k) plans. They use information culled from 5500 reports and the DOL to gather data and rank plans along six key factors: Total Plan Cost Company Generosity Investment Menu Quality Participation ... http://www.usataxaid.com/guest-blog/wohlner-financial/a-brightscope-success-story/ There is a popular saying that if you work at your passion, the money will follow. Sometimes it works, most often it doesn’t. Why? Or, let’s look at it the opposite way. What about the people who work at something that they are good at and ... http://www.usataxaid.com/ustaxaid-blog/why-%e2%80%98work-your-passion%e2%80%99-won%e2%80%99t-make-you-rich/ One of the real life stories from Smart Business Stupid Business is about a client of mine who went from employee to business owner and discovered $10,000. Before he lost his job, he was making $50,000 per year as a middle manager. His credit cards were maxed out and he ... http://www.usataxaid.com/uncategorized/why-do-business-owners-have-more-money/ Want to be $1,000 richer this Friday? Sure! Who wouldn’t? There are two ways to make that happen: make more money or pay less in expenses. If I stopped there, though, this would be the shortest blog post I’ve ever written. This week we’re going to ... http://www.usataxaid.com/uncategorized/two-ways-to-put-money-in-your-pocket/ The best structure these days, hands down, is the Series LLC, if it works. There are currently 8 states that have Series LLC law. They are Delaware, Illinois, Iowa, Oklahoma, Nevada, Tennessee, Texas and Utah. If you’re not in one of these states, you still may be able to ... http://www.usataxaid.com/ustaxaid-blog/5-reasons-why-series-llcs-rock/ There are two kinds of LLC: those managed by all of the members equally, and those managed either by one or more members, or by a third party individual or business structure. When you’re trying to determine which one is better for you, the crucial issue to consider is control. ... http://www.usataxaid.com/ustaxaid-blog/member-or-manager-which-is-better-for-your-llc/ Every so often I get an email question about tax preparation. I’ll send those questions one of two places: (1) Information on how to become a client or (2) (if they want a free answer) over to the USTaxAid form. That way there is leverage from answering ... http://www.usataxaid.com/ustaxaid-blog/why-can%e2%80%99t-i-find-an-llc-tax-form/ I attended the SYEP (Scottsdale Young Estate Planners) Meeting this afternoon. A local realtor shared some info that is supported by what I’ve seen from many other sources including my clients in the Real Estate business and in related businesses from fine dining to dry-cleaning: -The next 2-5 years in local ... http://www.usataxaid.com/guest-blog/ar-finance/arizona-real-estate-looks-grim-for-2-5-years-which-means-so-do-a-lot-of-things/