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(#248) Not Necessarily a Luxury: Outsourcing

Outsourcing Can't Solve Every Problem, But It Could Help Your Business For many years, owners of small and midsize businesses looked at outsourcing much like some homeowners viewed hiring a cleaning person. That is, they saw it as a luxury. But no more — in today’s increasingly specialized economy, outsourcing has become a common way [...]

By |January 15th, 2018|General|

(#247) How Does an Electric Car Work?

Tesla Model S Propulsion is Explained As posted by Learn Engineering on 5/30/17 https://youtu.be/3SAxXUIre28 I recently had Solar City (the solar energy subsidiary of Tesla, Inc.) over to my house to discuss solar panels.  Besides the fact that they could do everything that was impossible for ever other solar company I had spoken with, I had the [...]

By |January 4th, 2018|General|

(#246) Bitcoin: The “Gateway Drug” to Gold

Doug Casey Believes that Cryptocurrencies will Help Spur Demand for Gold As posted by Kitco News on 11/24/17 Bitcoin and gold were the highlights of this year’s Silver & Gold Summit in San Francisco (November 20-21, 2017), and to best-selling author Doug Casey, cryptocurrencies is the asset class to watch. “I’m very, very pro cryptocurrencies,” [...]

By |January 3rd, 2018|General|

(#245) Highlights of the “Tax Cuts and Jobs Act” – S Corp, Partnership & Other Changes

As posted by Thomson Reuters on 12/22/17 On 12/22/17, President Trump signed into law H.R. 1, the “Tax Cuts and Jobs Act,” a sweeping tax reform law that will entirely change the tax landscape.  The legislation reflects the largest major tax reform in over three decades. This Tax Planning Letter, which refers to the Act [...]

By |December 28th, 2017|General|

(#244) Highlights of the “Tax Cuts and Jobs Act” – Individual Tax Changes

As posted by Thomson Reuters on 12/22/17 On 12/22/17, President Trump signed into law H.R. 1, the “Tax Cuts and Jobs Act,” a sweeping tax reform law that will entirely change the tax landscape. The legislation reflects the largest major tax reform in over three decades. This post, which refers to the Act by its [...]

By |December 28th, 2017|General|

(#243) Highlights of the “Tax Cuts and Jobs Act” – Business Tax Changes

As posted by Thomson Reuters on 12/22/17 On 12/22/17, President Trump signed into law H.R. 1, the “Tax Cuts and Jobs Act,” a sweeping tax reform law that will entirely change the tax landscape. The legislation reflects the largest major tax reform in over three decades. This post, which refers to the Act by its [...]

By |December 28th, 2017|General|

(#242) Money vs Currency

Terms Seemingly Used Interchangeably, What is the Difference? As posted to the GoldSilver YouTube Channel on 2/26/2013   https://youtu.be/DyV0OfU3-FU In this, the first installment of the popular "Hidden Secrets of Money" docu-series, Mike Maloney travels to Egypt to unravel the difference between money and currency. Many people have been led to believe they are the same [...]

By |November 13th, 2017|General|

(#241) Everything Will Come to a Grinding Halt in 2017

Debt Ceiling Holiday Ends 3/15/17 As posted to Greg Hunter's USA Watchdog YouTube Channel on February 25, 2017 Former White House Budget Director David Stockman drops a bomb in his latest interview by saying, “I think what people are missing is this date, March 15th 2017. That’s the day that this debt ceiling holiday that [...]

By |March 9th, 2017|General|

(#240) Exter’s Pyramid of Collapsing Values

In What Order will Asset Values Fail in the Next Financial Crisis? As posted to LesJones.com on September 9, 2009 Reproduced from the article: "Word of the Day: Exter's Inverted Pyramid of Assets" John Exter’s inverted pyramid. The idea is that things high on the pyramid are derivatives of asset classes further down the pyramid. [...]

By |January 22nd, 2017|General|

(#239) Scanning Documents with your Phone

Introducing CamScanner As posted to the CamCard/CamScanner YouTube Channel on October 28, 2016   https://youtu.be/Z_nlGEkW6ic Back in the day, clients provided their personal tax data in a shoe box . . . everything but the kitchen sink in the form of crumpled up receipts, handwritten notes on scrap paper or napkins, and other "support".  Now, [...]

By |December 26th, 2016|General|

(#238) I, Pencil

Lesson: Leave all Creative Energies Uninhibited As released by the Competitive Enterprise Institute (CEI) in November 2012 https://youtu.be/IYO3tOqDISE In November 2012, the Competitive Enterprise Institute (CEI) released I, Pencil: The Movie, an animated short film adapted from the 1958 essay by Leonard E. Read. Do you know how to make a pencil? You don’t, do [...]

By |November 25th, 2016|General|

(#236) The Greatest Stock Market vs Base Money Divergence on Record

The Stock Market is Exactly Mirroring Base Money As posted to the GoldSilver You Tube Channel on 7/21/16   https://youtu.be/U1RlJuJ9hAw What's behind the recent market rally? In this video, Mike shows you how the market is being pumped up to record highs, (Hint: it's not individual investors doing the buying) and the telltale sign a [...]

By |October 11th, 2016|General|

(#235) IRS Issues Tangible Property Capitalization Audit Guide

A tool for IRS auditors to identify potential tax issues As posted to the IRS website on 9/14/16   Overview On September 14, 2016, the IRS issued an Audit Techniques Guide (ATG) on the Capitalization of Tangible Property.  The ATG is a tool to assist IRS examiners in identifying potential tax issues.  Examiners are advised [...]

By |October 8th, 2016|General|

(#234) The Business Cycle in 5 Minutes

An explanation of the current state of the economy As appearing on the libertyordeath TV's YouTube Channel   Business cycle theory is an economic theory developed by the Austrian School of economics about how business cycles occur. The theory views business cycles as the consequence of excessive growth in bank credit, due to artificially low [...]

By |September 27th, 2016|General|

Disclaimer

This blog is designed to provide competent and reliable information regarding the subject matter covered. However, it is being provided with the understanding that the blogmaster is not engaged in rendering investment advice. Laws and practices often vary from state to state and if investment assistance is required, the services of a licensed investment professional should be sought. The blogmaster resolutely encourages the reader/viewer to do their own research and due diligence before acting on any information contained herein. As such, Roger Rossmeisl specifically disclaims any liability that is incurred from the use or application of the contents of this blog. It should also be noted that the views contained in this blog are not necessarily representative of the opinions/beliefs of the other owners, management and/or employees of Kho & Patel CPAs.

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