by Karla Dennis | Jun 19, 2014 | Blog
Most people dread having to prepare and gather their tax documents for the upcoming tax season, however if you plan ahead it can and will help you lower your overall tax bill. There are several reasons why you should look at your taxes and be aware of your tax situation before meeting with your preparer; in this video Karla helps you understand why it is so important, especially with the potential of a government shutdown...
by Karla Dennis | Jun 18, 2014 | Blog
Everyone wants to retire with financial freedom, but for many Americans that freedom is hard to come by. What many people lack is a successful tax strategy that allows for more than just a 401K. There are a few reasons why your tax strategy should be more diverse. First, a 401K isn’t enough money. For years, employees could look forward to the financial stability that comes from a pension, but most employers have moved from establishing a permanent reimbursement plan to a plan where they donate, or meet, a specific percentage of income every month. The problem with this tax strategy comes because most employers don’t donate enough to your 401K to really allow you to use that savings plan as your only source of income. Another problem with a 401K is that it is very easy to put off saving. Usually a company will match the amount of money an employee puts into their 401K, but it is not required to put in the full amount. If you are looking for an effective tax strategy for saving money, put in the full amount of money in your 401K. The money is often tax deductible until it is withdrawn from your account. Finally, the amount of return that comes from a 401K doesn’t always offer the greatest return. It is the same way with any investment. If you put all your money in the stock market, you could lose money and end up with nothing. With a tax strategy that includes a varied portfolio you have a better chance of gaining more stability. It is never too early to...
by Karla Dennis | Jun 18, 2014 | Blog
Is your business in compliance? Does your business have the correct compliance licenses with your city, state, federal, insurance, etc. Most business owners either don’t get the correct licenses or don’t keep them...
by Karla Dennis | Jun 17, 2014 | Blog
ou ever hear the story of two heads are better than one? Well it’s true. Being in a mastermind group can really raise your Business IQ. . These groups are here to virtually help you accomplish any goal you set out to do. The key elements need in a basic group are such. People Committed to helping each other You have to make sure that people are committed to helping each other, sharing contacts and wanting to build each other up. We know a story of a guy Robert Galisky who met with his mastermind group and had a big idea of releasing a musical. Through great contacts, advice this all help him get his play up and running and raise over 50K. It’s about having people truly dedicated to helping each other out and building the mastermind. read...
by Karla Dennis | Jun 15, 2014 | Blog
If you find yourself in a tax situation, whether it is with the IRS or your state government, there are five things that Karla wants listens to concentrate on. The most important is to not avoid the situation and instead deal with it head on. There are a number of different solutions available to all taxpayers regardless of your situation. Listen as Karla discusses the other four and how you can get relief from your tax...
