There is a difference between income and wealth. Tax returns aren’t about wealth — they’re about “income”, and how that is defined. Business owners and real estate investors have access to powerful tax advantages that wage earners do not...
If we’ve learned anything from 2020, it’s that our best-laid plans don’t always turn out. As the great philosopher, Mike Tyson once said: Everyone has a plan until they get punched in the face. What is your plan for exiting your Baltimore family...
So … I’m not sure if you knew this. Apparently, running a business is expensive. And controlling costs can be daunting. But despite whatever you might see from those gurus who are posing by their Lamborghinis in the Facebook ads … even the leanest...
If you’ll forgive me, I’m going to get pretty geeky today. You probably didn’t realize that there are actual pros and cons to expense reimbursement for employees, etc., or using a company cc. Oh, my Baltimore readers, I’m going to take you down...
Ah, the wonders of financial documentation… Today’s topic has the benefit of ensuring your Baltimore “financial fortress” is as airtight as it can possibly be, which has its own advantages. Financial Documentation Strategies For Baltimore Taxpayers...
