05 Mar 2020
0

Currency Oblivion Coming

Roger Rossmeisl, CPA
Current Events
Currency Oblivion Coming

As  posted to the GoldSilver.com YouTube Channel on 3/3/20 (Run Time: 28 min, 07 sec) Mike Maloney believes that the Fed now has no option but to print the US dollar into oblivion, find out why in this comprehensive analysis of Tuesday’s (3/3/20) market action. The Fed's rate cut, bonds, gold and silver are all discussed. (This is Blog Post #759) Michael Maloney, founder of www.GoldSilver.com is also the author of the world’s best selling book on precious metals investing.  Since 2003 he has been advocating gold and silver as the ultimate means of protecting wealth from the games played by our governments and the banking sector....

05 Mar 2020
0

Supply Chain Disruptions Will Crash the Stock Market

Roger Rossmeisl, CPA
Current Events
Stockman on the Feds Rate Cut

As posted to the David Stockman YouTube Channel on 3/2/20 David Stockman appears on Fox Business Network's "Cavuto: Coast to Coast" to discuss the devastating effects that supply chain disruptions caused by the pandemic will have on the stock market. (This is Blog Post #758) David Stockman is a former businessman and U.S. politician who served as a Republican U.S. Representative from the state of Michigan and as the Director of the Office of Management and Budget under President Ronald Reagan.  He is the author of a number of books including "The Great Deformation: The Corruption of Capitalism in America" and, most recently, "Trumped! A Nation on the Brink of Ruin . . . and How to Bring it Back".  His current content can be found at davidstockmanscontracorner.com, ...

02 Mar 2020
0

Jim Rogers on Gold Market Meltdown

Roger Rossmeisl, CPA
Current Events
Jim Rogers on Gold Market Meltdown

As posted to Kitco News YouTube Channel on 2/28/20 "Pandemic fears continued to move stocks towards the worst week since the financial crisis. What is the key to navigating this sell-off? Joining Daniela Cambone for an exclusive interview is legendary investor Jim Rogers. The Dow Jones Industrial Average dropped 900 points, or more than 3%, and traded below 25,000. The S&P 500 slid 2.6% and gold futures were in freefall heading into the weekend, down close to 3.5% on the day, last trading at $1,583.90 an ounce. Rogers comments on where to keep your money safe." (This is Blog Post #757) James B. Rogers, Jr. is an American businessman, investor and author.  Currently based in Singapore, Rogers is the Chairman of Rogers Holdings and Beeland Interests, Inc. He was the...

02 Mar 2020
0

Could Pandemic Trigger the Monetary Reset

Roger Rossmeisl, CPA
Current Events
Unpacking the Economy's Bubble Dynamics

As  posted to the GoldSilver.com YouTube Channel on February 28, 2020 (Run Time: 16 min, 07 sec) "How serious could the pandemic get? Will it decimate world economies, or is this just a short term blip? Is it the virus to blame for the recent market action, or the fact that the world economies have been balanced on a razor’s edge for a decade?" Find the answers to all of the above in this 2/28/20 update with Mike Maloney (GoldSilver.com) and Chris Martenson (PeakProsperity.com) (This is Blog Post #756) Chris Martenson, is a former American biochemical scientist and Vice President of Science Applications International Corporation.  Currently he is an author and trend forecaster interested in macro trends regarding the economy, energy composition and the environment at his site, www.peakprosperity.com. Michael Maloney, founder of www.GoldSilver.com is...

28 Feb 2020
0

Tax Limits Affecting Businesses Increased for 2020

Roger Rossmeisl, CPA
Small Business Tax Briefs
Tax Limits Affecting Businesses Increased for 2020

How much can your employees contribute to 401(k) plans this year? How much do employees have to earn in 2020 before they can stop paying Social Security tax? An array of tax limits affecting businesses are annually indexed for inflation, and many have increased for 2020. Here are some that may be important to you and your business. Social Security tax The amount of employees’ earnings that are subject to Social Security tax is capped for 2020 at $137,700 (up from $132,900 for 2019). Deductions Section 179 expensing: Limit: $1.04 million (up from $1.02 million for 2019) Phaseout: $2.59 million (up from $2.55 million) Income-based phase-out for certain limits on the Sec. 199A qualified business income deduction begins at: Married filing jointly: $326,600 (up from $321,400) Married filing separately:...

20 Feb 2020
0

Common Business Insurance Coverage Oversight

Roger Rossmeisl, CPA
Fraud Briefs
Common Business Insurance Coverage Oversight

You may think your business has enough insurance already. What's a common business insurance coverage oversight? If you business is vulnerable to employee theft and fraud — and most businesses are — you may want to consider adding more coverage. Some insurance companies offer policies to protect against loss of money and property due to criminal acts by employees. Here’s how to decide whether your business needs one. Specialty coverage Employee dishonesty insurance can cover not only theft of money, property and securities, but also willful damage to property. If, for example, an employee smashes a computer or kicks a hole in a wall, it’s likely covered. And this type of policy covers losses from all employees. However, coverage generally is based on occurrences. So if more...

20 Feb 2020
0

2020 Business Mileage Rates Decrease

Roger Rossmeisl, CPA
Small Business Tax Briefs
2020 Business Mileage Rates Decrease

This year, the optional 2020 business mileage rates used to calculate the deductible costs of operating an automobile for business decreased by one-half cent, to 57.5¢ per mile. As a result, you might claim a lower deduction for vehicle-related expense for 2020 than you could for 2019. Calculating your deduction Businesses can generally deduct the actual expenses attributable to business use of vehicles. This includes gas, oil, tires, insurance, repairs, licenses and vehicle registration fees. In addition, you can claim a depreciation allowance for the vehicle. However, in many cases depreciation write-offs on vehicles are subject to certain limits that don’t apply to other types of business assets. The cents-per-mile rate comes into play if you don’t want to keep track of actual vehicle-related expenses. With this approach,...

20 Feb 2020
0

Ex-China Coronavirus Infections Growing Exponentially

Roger Rossmeisl, CPA
Current Events
Ex-China Coronavirus Infections Growing Exponentially

As  posted to the Peak Prosperity YouTube Channel on February 19, 2020 (Run time: 35 min 32 sec) In Update #26, on the Wuhan New Coronavirus (now officially "Covid-19"), Chris Martenson reports: "The world is now watching closely to see if the Coronavirus is indeed poised to accelerate outside of China. In yesterday's video, we warned that the coming two weeks will be crucial in determining how bad the pandemic will be. The early results are not encouraging. New cases continue to climb in the rest of Asia -- Japan, Korea and Singapore are being hit hardest. And now we have the first two cases (and two deaths!) reported in Iran. That's on top of last week's confirmed case in Africa. So now the virus is on every continent...

20 Feb 2020
0

Be Careful When Applying for an SBA Loan

Roger Rossmeisl, CPA
Fraud Briefs
Be Careful When Applying for an SBA Loan

A Small Business Administration (SBA) loan can make big things happen for your small company. But the agency’s loan program is sometimes abused by con artists who know that many small business owners have little experience applying for financing and are, therefore, vulnerable to scams. Here’s what you should know when applying for an SBA Loan. Applying for an SBA loan: Background on SBA products The SBA provides various financing options with favorable terms and greater flexibility to small businesses and start-ups. It doesn’t disburse loans directly but gives lenders federal guarantees and backing to reduce lending risk. Individual businesses must themselves make arrangements with financial institutions that make loans. Three key SBA programs are: 1. SBA 7(a) loans. This is the flagship product. It typically frees up working...

ROGER ROSSMEISL, CPA

Kho & Patel CPAs
160 E. Arrow Highway
San Dimas, CA 91773

(714) 325-0442
roger@khopatel.com

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