“Courage is resistance to fear, mastery of fear – not absence of fear.” – Mark Twain There are any number of traits that people ascribe to great leaders, but one that I’ve been thinking about a lot lately is courage. I’m not talking about the kind of courage that usually makes the news. I mean … Read more
Business owners often struggle with determining the optimal legal structure and tax treatment for their business. This video will explain an S-Corp tax election and how it may benefit you and your business.
“If you are afraid of being lonely, don’t try to be right.” – Jules Renard I was recently having a conversation with someone who’s been in a leadership role for a number of years. At one point in the conversation, he said: “I know what to do, but I think if I do it, some … Read more
On August 19, 2022, The IRS Office of Chief Counsel released a memorandum saying that when a taxpayer’s loan is forgiven based upon misrepresentations or omissions, the taxpayer is ineligible to exclude the forgiveness from taxable income.
“A mind is like a parachute. It doesn’t work if it’s not open.” – Frank Zappa It goes without saying that the world we’re currently living in does not resemble anything most of us have seen before. Whether it’s customers, employees, the supply chain, financial markets, or any number of other things, everything around us … Read more
The Inflation Reduction Act allocated $80 billion to the IRS for hiring additional personnel and improving processes and technology. Learn about how this might affect audits and the time limitations for conducting an audit.
“Failure is the tuition you pay for success.” – Walter Brunell Sometimes, as leaders, we get frustrated with outcomes. We usually have pretty lofty goals, and when we don’t meet them it’s disappointing. We had these pictures in our heads of how things were going to work out perfectly, and when those pictures disappear it … Read more
“If you are tuned out of your own emotions, you will be poor at reading them in other people.” – Daniel Goleman One of the more popular topics in leadership today is emotional intelligence, or EQ. You can find a lot of definitions of EQ, but a simple one is this: EQ is the ability … Read more
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