new business

My business just turned 5 years old in August. Sometimes that’s hard to believe. There have been some great times, and some tough times over the past five years, but at the end of the day I remain convinced that it was the right move for me.

A few months ago, I started reviewing tax returns for free at DKTaxServices. With a few hundred of these returns under my belt, I’ve found that while everyone wants to pay less tax there are very different strategies that are needed.

The most popular thread we’ve had at the First Class Forum is “What’s Your Biggest Personal Expense?” It’s funny how a thread could launch a whole new company. But, that’s exactly what has happened.

The exercise is to look at your biggest expense. This is something that you currently can’t get a write-off for from your business. It could be a luxury car, designer clothes, or European travel. It could be anything!

Think about your biggest expense. What would you love to write-off?

There are good ways to start a business, and there are some not-so-good ways to start a business. The more you know, the better chance you have to make a good start.

In this new Online Workshop, I’m talking about 3 important steps you must take to start your business off on the right foot!

It’s a question I’ll hear every seminar: “How can I write off _________?” It’s a great question because it’s not an easy yes/no question, like “Can I write off ______?” would be. (Easy answer on that would be “no” because then your CPA doesn’t have to think anymore!)

The answer is my standard “It depends.” But, this time I took it a step further in a recent thread on the Tax Loopholes forum. If you haven’t already gone to the forum to see what’s new for the First Class Lounge (First Class Lounge Forum), you’re going to want to visit soon.

Goodbye Old Friend!About a week ago, a drunk driver attempted to remodel my much beloved Jeep Grand Cherokee with his 2003 Mercedes, by inserting it into the back end of my Jeep, which was parked in front of my house. It didn’t work and, in medical terms, both patients succumbed to their injuries. Thus began an insurance odyssey that culminated in a brand new business project.