Franchise fraud is a rampant problem. Read how one man lost everything so you can avoid the same fate. Juan came to me in a near panic, practically begging me to help him with his failing business…
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Small business
No one lives forever, and eventually you decide it’s time to retire. To make this life-changing plan a reality, you need a viable exit strategy. Many business owners are under the impression that when they’re ready to sell, there will be plenty of cash-rich buyers knocking on the door.
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As a business owner and father of three children, my imagination takes hold of me from time to time and I think about when my children will be old enough to work at my company. Besides welcoming the assistance of three trustworthy employees, it will provide me the opportunity to teach [...]
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It’s not likely the first thing that comes to mind when looking to lower your taxes, but borrowing money (the right way) can save you thousands. Taxes are going up. Way up. Starting this year and continuing through 2018, a series of taxes on earned income, investment income, payrolls and [...]
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How far would you go to save your business? If you’ve spent any time thinking about this question, you’ve likely formulated an answer along the lines of “I’d go as far up to the line as possible, but I wouldn’t cross it.”
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One of the scariest types of correspondence that a small-business owner can receive is a request from the IRS for more information. In many cases, this could lead to an audit which requires payment of back taxes, interest and penalties.
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The California Public Employees’ Retirement System (CALPERS) is the pension fund for the state’s municipal workers. It is one of the largest pension funds in the world, with over $250 billion under management, and it has great influence across other pensions in the country.
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Continue ReadingEva Rosenberg at MarketWatch brings up a great point—everyone thinks that April is tax month because returns are due on the fifteenth. While that’s true, it’s only one of the several tax return deadlines that affect small-business owners over the course of the month.
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During the Great Recession, most companies modified their executive travel policies. Eliminating business-class travel, flying at off hours to buy cheaper tickets, using online reviews and social media to find deals and avoiding activities that generate extra fees were just some of the changes implemented in an effort to save money.
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Continue ReadingWhen it comes to get rich quick schemes, the victims tend to be individuals who aspire to have more wealth than they do and whose limited financial education taints their ability to distinguish scams from genuine opportunities.
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