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Tax Tips

Federal Tax brackets are changing 2017 to 2018 tax returns

2018 tax brackets
2018 tax brackets for 2017 returns.

 

2019 tax brackets
2019 tax brackets for 2018 returns.

 

Even at age 58, there are still (obvious) lessons that will be learned later in life.

For example, for year-end contracts, it may be beneficial to postpone revenue until the next year.

 

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Categories
Tax Tips

Could a dummy actually do it?

Orlando Based Leadership Speakers

 

(photo: Last night in Office Depot getting a trifold poster board to story board new ideas… spent a few minutes in a distracting aisle.)

Being busy is not an excuse. Not really.

Ask your CEO (of You, Inc.) to restructure the organization.

Fire some habits if you need to.

Bring in some new habits – the hotshot, wannabe’s.

Do whatever it takes.

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Career Insights Dear Son Tax Tips

Writing, Even If You’re The Only One That Ever Reads It, Will Help You

Dear Son, Dan Cathy, Chick-fil-A CEO talks with Seth Godin about leadership communication. Writing helps us see ourselves more clearly which makes us significantly more effective.

Writers must think, feel, experience, research, benchmark, network – all of these things are critical. Some cost time. Some money. Mostly, both. All are tax deductible.

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Categories
Career Insights Dear Son Tax Tips

Small Business Tax Tips: To Deduct Or Not Deduct?

Dear Son, if you become a small business entrepreneur, seek out tax tips and clarification. Here’s one of the most basic, yet powerful, straight from “IRS Tax Tips, January 24, 2011”:

To be deductible, a business expense must be both ordinary and necessary. An ordinary expense is one that is common and accepted in your field of business. A necessary expense is one that is helpful and appropriate for your business. An expense does not have to be indispensable to be considered necessary.

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