Our Latest Blog Posts

• The Tax Strategy of being a Real Estate Professional
  

  Those that follow my lectures and writings know that I recommend Americans consider buying one rental property a year. It could be full or partial ownership investing with a partner. It could be a single family home, commercial property, VRBO short-term rental or even a group of mobile homes. Why do I say this? Five primary reasons. Steady appreciation over the long-term Tax Deferred growth and capital gain treatment Tax free cash flow Mortgage reduction through renter’s payments Tax write-offs through business expenses and depreciation Now I realize rental property is not a perfect fit for everyone.  There are a lot of variables…your financial strength, credit worthiness, your temperament and time you have to manage property, and of course, it also depends on the season of your life. I encourage all of you to ‘at least’ consider buying one rental this year (in or outside of your retirement account) and ... Read more
• Putting Your Children on Payroll
  

  This has to be one of the most under utilized tax strategies by small business owners with families today.  Many don’t realize that paying their children under age 18 is an excellent strategy to minimize their tax liability, not to mention it creates a host of other ancillary benefits. The days of the farm are continuing to disappear all across America and more and more children are leaving the home without work ethic, money management skills and a concept of entrepreneurship.  Moreover, many small business owners forget that some of their most affordable labor is right there in the house with them eating at the dinner table.  Get them involved in the business!! The beauty of the tax benefit is two fold, and something that can’t be over emphasized. Run the numbers and you’ll be amazed. First, when you pay your children under 18, you don’t have to withhold any ... Read more