My colleague, Brad Paladini, has granted me permission to post this article that was originally posted on his blog: Last year, the Internal Revenue Service (IRS) audited just over one million returns. That’s a lot less than the 1.74 million returns they audited in 2010, but it’s still no fun for the millions of taxpayers that had […]
Archives for November 2018
Be Careful When Making Online Payments to the IRS
We usually recommend that taxpayers make their tax payments online to the IRS and states. Here are the benefits, but a few caveats to watch out for: Benefits: When making payments online, your payments are generally credited on the day that you make the payment. Additionally, you can clearly apply your payments to a prior […]
Is It Better to Pay Off Debts or Invest?
Almost everyone has some sort of debt and economic data shows that this is the case. Between mortgages, student loans, credit cards, business debts, and auto loans and leases (yes, a car lease is debt), many people find themselves allocating large portions of their income towards debt payments. When you are in a position to […]
How to Successfully Start a Second Business
Quite often entrepreneurs want to start a second business or even possibly a third, fourth and so on. What are the ways to make this successful, especially without selling or potentially harming your existing business(s), and what are some alternatives? Similar or complementary business: Instead of say, an attorney, starting a restaurant, they may consider […]
3 Ways to Turn Around a Struggling Business
After the Great Recession there are still some businesses that may be struggling and don’t know what to do about it. Here are a few ways to turn around a struggling business: Upgrade: The rate of change nowadays seems to be accelerating at a pace that has not existed in the past. This includes technology, […]