Real estate, currency trades, and market timing are the common denominators of how ultra-high net worth individuals grew their net worth last year. More than 500 private bankers, industry experts in real estate, wealth advisors, and family offices who were surveyed showed that during the turbulent past year, grew their wealth last year in the following ways: The top investment opportunity, according to 46% of the survey respondents was real… Read More
Increase Your Profits By Changing How You Collect Rent
The way by which your tenants pay your rent bills can make a difference in how much profit you make month to month. Instead of focusing on simply ensuring all outstanding rent is paid, consider your monthly processing costs for rent: postage costs, paper, the cost of employees to process rents, bank fees, and the cost of errors and follow up for delinquent accounts. It’s a costly and lengthy process…. Read More
Can I Deduct My Cleaning Man Or Woman?
Are you getting the most out of your home-office deduction? If you’ve got a cleaning woman (or man) who keeps your house and office spic and span, do you need to pay a “Nanny Tax” on this service or can you classify this expense as a Independent Contractor? The cleaning person is an independent contractor or an employee if: The cleaner clean as he or she sees fit, with little… Read More
Facing the AI in Business Trend in Your Atlanta Business
Since the release of ChatGPT in November of last year, headlines about AI in business have been incessant. One of the biggest controversies is whether or not AI is a threat to the job market. Lots of differing opinions on this one, and time will soon reveal its lasting effects. I’ve personally observed a whole gamut of responses from Atlanta business owners: mild interest, full adoption, growing irritation, all-out worry, and… Read More
Compensation Is Just the Start, Atlanta Business Owners
We’re just over a month away from the MLB playoffs, and this year (like every year) has had its share of sketchy calls that fans and players have been unhappy about. While not everyone’s favorite summer pastime (the sports season that never ends still has more than two months of games to go), this summer there are seemingly more strike calls than ever happening beyond the diamond. UPS, Hollywood actors… Read More
Mark Perlberg CPA PLLC’s 4 Straightforward Questions to Uncover Your Business Why
I suppose there’s never been an easy time to be in business. It’s tempting to look at the current economic situation and cite all the things working against business owners right now. And Google helps with that… My internet search this morning lent me the following statistics: Inflation is the top concern for 32% of business owners. 41% of small business owners are struggling with job vacancies. Supply chain issues… Read More