by Derek Dall'Olmo | Aug 3, 2022 | Uncategorized
It’s a warning label that should be emblazoned across the Google results for sole proprietorship: “ROADBLOCKS IN SELF-EMPLOYMENT MAY BE LARGER THAN THEY APPEAR” In spite of rumors swirling around the internet, self-employment won’t allow you to: Write off the...
by Derek Dall'Olmo | Jul 20, 2022 | Uncategorized
“Ring, ring” – it’s your tenant calling you in the middle of the night to fix that leaky toilet. It’s one of the most undesirable facets of being a landlord, but it comes with the territory. It’s not all bad though, of course. An investment property has great benefits...
by Derek Dall'Olmo | Jun 22, 2022 | Uncategorized
Taxes are a double-edged story for business owners. On the one hand, they may be subject to a higher tax rate than W-2 employees. On the other hand, business owners may also have more tax-reducing strategies available to them. One strategy to consider is the Qualified...
by Derek Dall'Olmo | Jun 1, 2022 | Uncategorized
Fight Back Against Inventory Inflation with LIFO Running a business is tough enough in stable times when both prices and trends are smooth and predictable. In reality, the words “stable” and “running a business” are rarely used in the same sentence. Inflation has been...
by Derek Dall'Olmo | May 18, 2022 | Uncategorized
What is the most popular bank in the United States? Is it Chase? US Bank? Wells Fargo? Nope! The most frequented bank is much closer to home than that. That’s right, we are talking about BOMAD (also known as Bank of Mom and Dad). Adult children have been known to use...
by Derek Dall'Olmo | May 4, 2022 | Uncategorized
What if I told you that you can defer capital gains tax when selling an appreciated asset, reduce estate taxes, and receive income from the sale — all at the same time? Yes, this is possible with a Charitable Remainder Trust (CRT). This strategy can be deployed...
