As a tax professional, easily the most common type of question I get is related to either making more money or saving more money. The two are nearly synonymous, but, of course, to save it, you have to make it. Unfortunately, a lot of “makers” aren’t very good “savers.” I want to share an “old…
The founders of a cryptocurrency company, Bruce Bise and Samuel Mendez, pleaded guilty to tax evasion for a scheme that defrauded more than 13,000 investors of approximately 24 million dollars. Bise and Mendez marketed their company, Bitqyck, and the company’s currency, Bitqy, as a way for “those individuals who missed out on Bitcoin” to get…
Have you ever thought about what you’ll do when you sell your company? If Google, or Walmart, or Marriot rang you up tomorrow, offering you eight or nine figures to simply walk away, what would you do? For many entrepreneurs, of course, this day may never come. On the other hand, most of us do…
Quick tip for my business owners – every employer who pays wages of $600 or more for the year is required to prepare and file a Form W-2 for each employee. This also includes noncash payments of $600 or more for the year for services performed by an employee when taxes were withheld. In addition, anyone required…
I lost count of the time number of times I heard, “But why do I need a lawyer?” or “If you use this product you won’t need a lawyer.” And the silent response in my brain has always been the same: “YES, YOU NEED A REAL LAWYER.” But now is time to say mea culpa,…
Recently a Chinese court issued yet another blow to the notion that your brand is protected worldwide once you file a trademark in your home country. Let me tell you the story. Have you ever heard of Michael Jordan? Yes, that world-renowned basketball player who won a gazillion rings in the ‘80s and ‘90s and…
A phrase that is often over-used is “going pro.” I lost count of the many times that I read articles telling me to organize my office, have a set schedule, blog consistently, and then I can show that I have gone pro. Well, guess what. The fact that I show up every day means that…