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Investor or Trader? You decide....

7/17/2017

 
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​Investors enjoy several tax advantages not available for other sources of income. Capital gains rates, tax-free income, like-kind exchanges, and the ability to donate appreciated stock are just a few of the possible benefits available to investors. But investor capital loss rules, on the other hand, can be a significant irritant.

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Cash me ousside...

7/3/2017

 
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Hopefully we are past the media craze about a guest on the Dr. Phil Show. Today we need to talk about what it means to have a cash-based business.

There is nothing wrong with having a business that has a high percentage of payments coming from cash. Beauty salons and food establishments are just a couple of places where paying with cash is common. Even paying expenses in cash is fine. It's all about the documentation.

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