Superior Results. Delivered.
Blog
Which Industry Enjoys the Highest Profit Margin?
(This is Blog Post #753)
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 [...]
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 [...]
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 [...]
Coronavirus: Next Two Weeks Are Critical
As posted to the Peak Prosperity YouTube Channel on February 18, 2020 (Run time 25 min 53 sec) In Update #25, on the Wuhan New Coronavirus (now officially "Covid-19"), Chris Martenson reports: "While China remains largely in lock down, Covid-19 cases in the rest of the world are at a key juncture. To-date, confirmed cases [...]
Legit Coronavirus Updates Becoming Harder to Obtain
As posted to the Peak Prosperity YouTube Channel on February 17, 2020 (Run time 39 min 33 sec) In Update #24, on the Wuhan New Coronavirus (now officially "Covid-19"), Chris Martenson reports: "Good updates on the Wuhan Coronavirus pandemic (aka Covid-19) are becoming harder to obtain as governments tighten their grip on news sources. The [...]
New Blood Plasma Treatment for Coronavirus
As posted to the Peak Prosperity YouTube Channel on February 15, 2020 (Run time 19 min 39 sec) In Update #23, on the Wuhan New Coronavirus (now officially "Covid-19"), Chris Martenson reports: "Finally, some good news? While the Coronavirus continues its spread throughout China and elsewhere in the world (we now have the first confirmed [...]
Coronavirus Re-Infection May Be Deadlier
As posted to the Peak Prosperity YouTube Channel on February 14, 2020 (Run time 35 min 05 sec) In Update #22, on the Wuhan New Coronavirus (now officially "Covid-19"), Chris Martenson reports: "While China is ground zero for this epidemic, Japan is now experiencing a bloom of coronavirus cases. With nearly 40 known people now [...]
Filing Your Taxes Early Can Minimize Identity Theft
The IRS opened the 2019 individual income tax return filing season on January 27. Even if you typically don’t file until much closer to the April 15 deadline (or you file for an extension), consider filing your taxes early this year. The reason: You can potentially protect yourself from tax identity theft — and you [...]
Is The Coronavirus Now Unstoppable?
As posted to the Peak Prosperity YouTube Channel on February 13, 2020 (Run time 19 min 26 sec) In Update #21, on the Wuhan New Coronavirus (now officially "Covid-19"), Chris Martenson reports: ". . . the scientific research on covid-19 (the new name of the Wuhan Coronavirus) continues to reveal what a huge challenge containing [...]
When Must Your Business File IRS Form 8300?
(This is Blog Post #743)
Coronavirus Threat Greatest in Densely Populated Environments
As posted to the Peak Prosperity YouTube Channel on February 12, 2020 (Run time 10 min 27 sec) In Update #20, on the Wuhan New Coronavirus (now officially "Covid-19"), Chris Martenson reports: "The Coronavirus continues its spread through China and surrounding Asian countries. The data increasingly show that this virus is wickedly contagious, especially in [...]
Employers Must Disclose Retirement Income to Employees
As you’ve probably heard, a new law was recently passed with a wide range of retirement plan changes for employers and individuals. One of the provisions of the SECURE Act involves a new requirement for employers that sponsor tax-favored defined contribution retirement plans that are subject to ERISA. Soon, employers must disclose retirement income to employees. [...]
Potential for a Coronavirus Vaccine
As posted to the Peak Prosperity YouTube Channel on February 11, 2020 (Run time 22 min 57 sec) In Update #19, on the Wuhan New Coronavirus (now officially "Covid-19"), Chris Martenson reports: "After updating on the latest case information, this video explains what a cytokine storm is, how that actually is the cause of harm, [...]
Bypass the SALT Deduction Limit with a Nongrantor Trust
If you reside in a high-tax state, you may want to want to use nongrantor trusts to bypass the SALT deduction limit (the $10,000 federal limit on State And Local Tax deductions. The limit can significantly reduce itemized deductions if your state income and property taxes are well over $10,000. A potential strategy for avoiding [...]
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.
