Category: Podcast
Podcast: Tax Impact on Receiving an Inheritance
As baby boomers continue to get older, a transfer of wealth is passed on to the next generation. When a person passes away, their assets must be used to pay off their liabilities. The net amount can then be inherited by others. This podcast covers the tax impact on...
Podcast: Financial Statements
Last week we talked about using an accounting software package to keep track of your income and expenses of a business. This week I want to talk about how those software packages can generate reports so that a business owner can stay on top of how the business is...
Podcast: Accounting Software Packages
When a business is just starting, the owner is trying to juggle a lot of different things. One of the things that can be pushed to the background is the accounting. Many times, business owners are really good at running their business, but they are not as comfortable...
Podcast: Qualified Business Income
Back in 2018 the corporation tax rate was decreased from 35% down to 21%. At this same time the Qualified Business Deduction or QBI was introduced. This tax deduction was meant to even the playing field between corporations who pay their own tax and businesses that...