Category: Cash Flow
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Why are Kids so Expensive? How Business Owners can Save Thousands by Hiring Their Kids.
With everyone jumping back into the school season, there is plenty of money in motion this month. Tuition, supplies, clothes, sports, and the dozens of other expenses to support our children can add up quickly. If private school or college is involved, some families easily add another $10-20k per child in expenses. From a financial…
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What Can I Write Off? Why Business Owners Love Write-Offs and How You can Take Advantage of Them.
One of the most common pain points for business owners is taxes. Naturally, the idea of write-offs becomes a business owner’s best friend. The more you can write off, the less you have to pay in taxes. Unfortunately, many business owners leave thousands of dollars on the table by trying to do it themselves. When…
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Traditional or Roth? How to Figure Out Which Account Type is Best for Your Retirement.
Everyone is asked this question at some point in their journey to retirement. Especially when you set up a retirement plan for your business, it is important to understand the differences between traditional and Roth-style accounts. Contributing to the wrong account could cost thousands in taxes over the lifetime of a business owner. To combat…
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What Retirement Plan Do I Need? How to Determine Which Retirement Plan Works for Your Business.
Setting up a retirement plan is an important process to conquer. There are different types of retirement plans to set up and it can be overwhelming to some, so today’s article will simplify 3 types of retirement plans to choose between and get moving. The right plan for your business depends on how much you…
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What Can I do to Lower My Taxes? Why Tax Planning is Vital for Business Owners.
Taxes are one of the biggest bills you will pay in your lifetime. Ensuring that you, your family, and your business have proven tax strategies to save on taxes is key. Congress is constantly changing the tax laws, so it is important that you stay up to date on what is relevant to your situation.…
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How To Create Your Own Financial Plan
What Is a Financial Plan? Financial planning is critical with how important money is in our lives. A reason you may feel stressed financially is largely because you do not have a plan. A Financial Plan forces you to review each aspect of your life and money so you can maximize your impact and reduce…
TC Falkner 