I was blown away by this real-life story from one of my friends. The thing is, I remember where she and her husband were a year ago. They were looking for investments and business opportunities. The real estate market had already started to go sideways and they didn’t want to get into that too soon. (Thank [...]
Continue reading...Wednesday, July 1, 2009
More states are following New York’s lead with the so-called “Amazon Tax.” This tax establishes nexus in New York if any company uses an affiliate in the state of New York. So, let’s say your California based business sells a product to a customer in Texas. Under current law, your CA business would collect and [...]
Continue reading...Tuesday, May 26, 2009
I struggle with the term “business” in my tax business almost daily. You might call an activity a business and the IRS doesn’t agree. If you’re talking taxes, you need to pay attention to what the IRS has as definitions. For example: ”Passive” business that is 10 hours or less per month. It’s a passive activity, [...]
Continue reading...Tuesday, May 19, 2009
We turned our TV off 7 weeks ago. We made the decision mainly because the news was so depressing and distorted. I guess it only makes sense if the news agencies find the most sensational hard luck stories across the country and play only them that it would lead you to think the sky really [...]
Continue reading...Friday, March 6, 2009
I watch my news filtered through the Internet these days. I can’t stand the hourly updates on the economy. And I’m practicing a lot of perspective on what is happening. Some of the trends I’m watching: - The Great Wall of US is being built. I’m not talking about that ugly wall between the US and Mexico, [...]
Continue reading...Sunday, February 15, 2009
Okay, the headline on this is a bit of a joke. And this post will probably come off as a bit of a rant. We get a lot of emails at DKTaxServices and TaxLoopholes. Most of them are people looking for solid tax advice and financial planning for these economic times. And they want flexibility [...]
Continue reading...Monday, February 9, 2009
I’m working on a few projects right now that could be loosely defined as affiliate marketing. In my case, they are more private referral agreements, not big, public affiliate marketing. Still, I keep an eye on things that might affect my clients who are heavily involved in affiliate marketing. And I think there could be a [...]
Continue reading...Thursday, January 29, 2009
I spent some time talking to another writer friend this week. He was a successful screenwriter (yes, he actually sold movie scripts!), turned musician and now has reinvented himself as an Internet marketer. We haven’t talked about business for a year and I’d heard rumblings that he had immersed himself in the Internet world, but [...]
Continue reading...Thursday, January 22, 2009
This is a crazy time of the year for many of us. As you take some time to slow down from the regular day-to-day rush to set goals/resolutions for the year, you might find that your number one goal is to find a way to create some passive income. Or you could be in the [...]
Continue reading...Monday, January 12, 2009
One of the biggest motivators I know to make change is to think about the “why?” Why do you want to do something different? If the “why” is big enough, the “how” become easy. I remember years ago hearing the example of having to take care of a car if you have way too many [...]
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Monday, July 6, 2009
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