There is something interesting we have come across over the past few months, people changing owners on the deeds to their home. There is an array of reasons why you might want to do this, but most commonly this is found in families who want to easily transfer ownership from siblings or parents to children. The process is simple using a Quitclaim deed to add or remove someone to your property’s title or transfer the title entirely.
It’s that time of year, no, not tax season, it’s time for the government to shutdown! We won’t get into why they government shuts down but seriously, it’s becoming an annual event. In recent news there have been stories floating around that a government shutdown meant that tax refunds would not be issued, but that tax liabilities would still be collected. Of course, that sounds exactly like the IRS, pay them regardless but they won’t pay you until absolutely necessary. Luckily, the news stories about the refund hostage crisis are not true.
Are you thinking about writing off a new car purchase for your business? Have you done your homework? Does it meet the obscure Section 179 requirements to be fully deductible on your tax return? Maybe it only qualifies for a certain deduction percentage or is limited to how much can be deducted because of the type of vehicle.
Business owners are cut from a different cloth. They learn certain skills and amass expertise in their fields and then take that aptitude to the market for sale. To be successful you must be proficient, driven, and knowledgeable at the expense of investing endless amounts of time and money. Once you cross the entrepreneurial threshold you are now ready to add value only you can personally provide in your industry. All this being said, don’t you think you should get paid what you’re worth? Seems like a lot of effort and risk to have others tell you what you should be paid.