Some companies may seem to escape death, but they will never be able to escape taxes. That doesn’t mean there aren’t some tax benefits that only the corporations are getting. Companies are tempted to incorporate for several reasons, but taxes are often the primary motivator. But why? Well, it’s essential to note that incorporation only… Continue reading Are There Tax Benefits To Incorporation?
Author: Ed Barton
Benefits of A 1031 Exchange
A 1031 exchange is a powerful tool that can be used to defer taxes on the sale of an investment property. By reinvesting the proceeds from the sale into a new property, investors can avoid paying capital gains taxes on the sale. This can provide a significant tax benefit, which can be used to grow… Continue reading Benefits of A 1031 Exchange
Building Wealth With Positive Thinking
To achieve great success, you must first believe that you can achieve that success. Great sports stars can suddenly begin having lousy performances if they feel they can’t perform well or live up to their coach’s high expectations. Writers and musicians suddenly have their wellsprings of inspiration dry up if they no longer “feel it”… Continue reading Building Wealth With Positive Thinking
11 Late Life Career Change Tips
Changing careers can feel a bit intimidating at any age. That’s especially true when considering making a significant transition late in life. Then again, recent trends suggest that your chances for success may be greater than you think. An American Institute for Economic Research survey found that more than 80% of respondents said they could… Continue reading 11 Late Life Career Change Tips
1031 Exchange Basic Info
‘In this world,’ said the great Benjamin Franklin, ‘nothing is certain but death and taxes.’ While modern medicine continues to work on a cure for mortality, 1031 exchanges offer a valuable mechanism against the foibles of the taxman. Allowing the exchange of one property for another, this property market trend can help you hold on… Continue reading 1031 Exchange Basic Info
Tax Jokes – ‘Tis The Season!
It’s the season for tax preparers everywhere to get busy doing your returns. In the spirit of levity, here’s a few bad tax jokes for all of us dealing with taxes (which is every American adult)… Do you realize that some tax forms ask you to check a box if you are BLIND? Quote: “Two… Continue reading Tax Jokes – ‘Tis The Season!
Are You Thinking Positively? Positivity is a Choice…
How you face life daily largely determines how you feel about your day. If you have a positive approach to life and to yourself, even your most challenging days will feel tolerable. Thinking positively is the key to living a satisfying, fulfilled life. Mitchell Moore’s Famous Quote About Positivity Mitchell Moore is believed to have… Continue reading Are You Thinking Positively? Positivity is a Choice…
Does Your Job Give you A Sense of Purpose?
Is your job a source of stress and frustration? Do you dread each time the alarm sounds? Does your work fail to ignite passion in your heart? Believe it or not, your employer can provide both the income you need and the fulfillment you crave! Add To Your Skill Set One of the reasons your… Continue reading Does Your Job Give you A Sense of Purpose?
Real Estate Tax Traps
Perhaps one shouldn’t be surprised that new real estate investors repeatedly fall into the same tax traps. With some tricky tax accounting, real estate burdens investors—especially new investors. But just because some other newbie makes these mistakes doesn’t mean you need to. You need to know where the traps are so you avoid them. And… Continue reading Real Estate Tax Traps
Is A 529 Plan Worth It?
Your child is ten years old but has decided they want to be a doctor. You’re probably pleased with the prospects of having a doctor in the family. However, like most parents, you try to hide the panic as you consider how much a college education will cost eight to ten years in the future.… Continue reading Is A 529 Plan Worth It?