Insights on business finance and tax planning for entrepreneurs and business owners in Roanoke, VA and beyond. Learn strategies that improve cash flow, reduce taxes, and strengthen financial decision-making.
Q: Does the 21% corporate tax rate make a C-Corp cheaper than an S-Corp? A: No. After double taxation and lost pass-through benefits, most owners pay more overall with a…
Q: What tax deductions do most small businesses miss? A: Nearly every “ordinary & necessary” expense – advertising, software, contract labor, insurance, rent, supplies – can be deducted. The main…
2021 and all of its tax deadlines are upon us! Below is a quick guide of the most important dates to keep in mind this calendar year. January 15th: due…
Longtime readers will remember that I have a more favorable view on debt than most – the right types of debt that is. We’ve written about the dangers of excessive…
2020 and all of its tax deadlines are upon us! Below is a quick guide of the most important dates to keep in mind this calendar year. January 15th: due…
“Facts are stubborn things, but statistics are pliable.” ― Mark Twain I’m a big proponent of tracking key metrics in your business. (For those unfamiliar with the term, a metric is…
“They used to tell me I was building a dream With peace and glory ahead Why should I be standing in line Just waiting for bread? Once I built…
Bookkeeping is the bane of most business owners' existence. But ignoring our books or putting them on the back burner can be one of the costliest mistakes we ever make.…
2019 and all of its tax deadlines are upon us! Below is a quick guide of the most important dates to keep in mind this calendar year. January 15th: due date…
A few years ago, I wrote an article on gold and the fallacy of so-called “safe” investments. One of the major points in that article was that (over the long-term)…