How much tipping is too much? The drain on the consumer wallet right now is real. Everything costs more and everyone seems to be wanting more of your dollar. So, when businesses swivel that screen around with requests for 15, 18, or 20% tips on an order, it’s no wonder people have become less inclined to generosity. Where once the tip jar was a feel-good moment to give your barista… Read More
How Boat Owners Can Leave Taxes in Their Wake!
It’s best to plan your tax strategy even before purchasing a boat by deciding on how to handle the sales tax on this high-end purchase. Some states have yearly property taxes on boats that may be more costly than sales and use taxes over the years. You need to think about: Business Commuting deduction Can you take a primary or secondary home deduction? Should You Put Your Boat in an LLC? 179… Read More
Save on your income taxes with the same strategies used by Jeff Bezos, Warren Buffet, and Elon Musk!
The ultra rich boast wealth from assets like real estate and stocks, but the IRS does not tax the increased value of these assets, no matter how much it skyrockets, if an investor doesn’t sell it. No sale, no capital gains tax. Warren Buffett is known for holding onto the stock in Berkshire Hathaway, which allows him to avoid capital gains on his taxable income. Billionaires commonly borrow against their… Read More
Why Can’t I Deduct my Country Club Membership?!
The IRS knows how to play hardball when it comes to deducting expenses for clubs such as golf, tennis, or country clubs. While you can’t deduct dues and membership fees, for any facility designed for recreation, legitimate business expenses still qualify as tax deductions. If you’re discussing business while entertaining, that expense is a legitimate business deduction. It’s important to note that you may still deduct membership fees, dues and… Read More
Harnessing Your CRM for Sales in Your Atlanta Business
Well, before I dive into today’s dose of real world business strategy, let me ask you, have you revisited your 2023 business goals and made a plan to reach them before the end of the year? Goals aren’t a set it and forget it kind of thing. You’ve got to revisit them and focus your business efforts on reaching them. It’s easy to get sidetracked with other things that arise… Read More
cyber network security
I’m continuing to avidly watch, as I’m sure you are too, the unfolding events in Gaza. Though Biden issued a back-channel warning to Iran about not joining in the conflict, the possibility of a larger scale war looms. Economically, that affects gas prices and other factors of the global economy. Then there’s the national budget deadline and the Congress’s gridlock over finalizing it. It’s more important than ever to keep… Read More