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How to Win Through Giving

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The fall is here, but before we’re able to *really* enjoy it around here at Team Incite Tax, we are carefully working through our roster of 2014 tax returns that were put on extension. As I mentioned last week — we are still able to set appointments for other matters (like tax planning, etc.), but our focus is pretty strongly set upon these extensions for…

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Incite On How Having a Tax Strategy Wins Out

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As I’m writing this, chances are good that we are headed towards yet another federal government shutdown of some sort, due to Congressional disagreement over a host of different funding and tax related items. (Forbes just bumped the probability from 67% to 75%.) And if doesn’t happen October 1, it may be happening in December. Gotta love those lawmakers. Snarky comments aside, I will say…

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Incite Tax Shares On Family Life on a Single Income

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Last week I wrote about preparing for financial chaos, and gave you some step-by-steps for what your priorities should be right now. Got a bunch of wonderful feedback, so THANK YOU for taking the time to do that. I see every email that comes my way, and I love getting responses to what I put out there for you. So, I’m continuing along with the…

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Do you own a job or a business?

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Do you own a job or a business? A Forbes contributor posted an interesting article on Small Business Statistics.  I found #16 to be interesting. http://www.forbes.com/sites/jasonnazar/2013/09/09/16-surprising-statistics-about-small-businesses/2/   While the stats are from 2011, I don’t believe the numbers would be very different for 2015.  Why is this interesting?  It’s showing us the revenue of self-employed individuals. These are businesses where the owner has no payroll,…

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6-Step Plan For Preparing For A Financial Emergency

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Here at Team Incite, we are working hard through a pile of returns for our tax clients, both from extensions and for corporate filings (due, 9/15, as I sit down to write this on Monday morning!) — but that doesn’t mean I won’t carve out the time to write a blogpost for my area (and beyond!) friends. First of all, we should all be mindful…

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11 To-Dos For Your ‘Financial Health’ Day

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I’ve become increasingly aware that although I share with you strategies, tips and whatnot every week — it can be difficult to actually act on them, in the evenings for example, when the demands of family and the need for down-time pull at you. That’s ESPECIALLY true as we ramp up on the cusp of fall. And even for the non-parents, or those with children…

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4 A’s Affiliate Owners Need To Succeed In Their Box

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Something Affiliate Owners need to be apart of I had the opportunity to sponsor and participate in the first Affiliate Gathering event hosted by 321GoProject.  The team at 321GoProject put together an amazing agenda over the three day event.  About 50 CrossFit Affiliate owners showed up to hear the latest and greatest ways to improve their boxes and provide a better service to their athletes….

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Are Crossfit Trainers Employees or Contractors?

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Are Your Trainers Employees or Contractors?   In February 2015, Juliet Starrett, a Box Pro contributor, wrote an article titled Coaches are Employees, Not Contractors.  Her opening line is, “Your Crossfit Coaches are employees, not contractors, and misclassifying them is not worth the risk. Seriously.”    In her article, she has some excellent points, but she also misses the boat completely. SERIOUSLY. I’ve always found…

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Briggs On Real World College Expenses

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There was some eye­-opening news recently about student debt. From the WSJ article: http://on.wsj.com/1fEi4eG … … As of July, 6.9 million Americans with student loans hadn’t sent a payment to the government in at least 360 days, quarterly data from the Education Department showed this past week. That was up 6%, or 400,000 borrowers, from a year earlier. [my emphasis] That translates into about 17%…

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Incite Tax Key Reminders & Tax Savings During Troubling Times

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It seems like every end-of-summer brings a similar refrain, just with different details. These past few weeks, we have been “blessed” with: Iran and nuclear weapons. Greece, the deteriorating European Union, and signs of serious shakiness in Chinese markets. (Indeed, as I write this on Monday, the Chinese markets have dived 9 percent, and the dollar is taking a tumble too.) Continued social upheaval at…

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How Can Immutable Laws Transform My Business?

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Are you ready to grow your business? Let’s determine your immutable laws then.   Do you have some beliefs that are so ingrained that they are a part of you? Certain rules that you have learned through your life that when those rules are broken bad things always follow? Then you have some immutable laws. Immutable means unchangeable. Whether you realize it or not, you…

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A Critical 2015 Tax Planning Checkup for Taxpayers

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We’re almost done with August (!), and the school season is already starting in many areas where we serve our clients. This summer has absolutely FLOWN by — and those of us who pay attention to politics are all probably eagerly looking forward to being done with the Presidential election cycle (which is still more than a year out!). But in the shorter term, we’ll…

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How Do I Qualify For The Home Office Deduction?

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Self-Employed? Time to Utilize The Home Office Deduction To Its Fullest If you or someone you know is self-employed then you have heard some form of the question “Can I write off part of my house for business?”  This is a common question that we hear and there is quite a bit of confusion around this deduction.  How much of a deduction should you take,…

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Incite Tax’s Three Tax Updates To Know Right Now

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There is a bit of a flood of recent tax-related news that I’d normally dispense with in the opening remarks of my Note here … but it’s weighty enough (and possibly could affect you), that I wanted to take a little more time for explanation of each. But maybe the bigger news is this: NFL football is back on the air. (This past Sunday night,…

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Do You Understand the Outcome From The Sale Of A Business?

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Being Smart with the Sale of a business Are you thinking about purchasing or selling a business?  Can you determine the outcome before the sale is completed? I had the opportunity to meet with the husband of one of my longest and dearest clients.  She had recently married “Francisco” (Not his real name, but I like how it sounds.)   Click  the image  Francisco has…

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John Briggs on Why the DIY Ethic Can Hold Us Back

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I hope you are doing well. I have some thoughts for you today that may be a little bit of a mental (or emotional) stretch. You see, when I write about financial principles in these Notes that I post, I do so recognizing that my clients come from a wide variety of different attitudes, circumstances and means. It makes for a tricky proposition, because I…

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Bridge Loan- Are You Investing The Right Way?

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Understanding A Bridge Loan One of my favorite things about my life is that I get to associate with amazing people across a wide variety of industries.  One of my amazing clients for the past 7 years is Stephen Gardner.  He has written a few books over the last couple years (some of which got the status of “best selling”). His latest book is titled…

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Let’s Start Deducting Tools and Equipment For Your Business

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Deducting Tools of Your Trade You’ve bought the equipment you need for your business right?  Perhaps you are still researching what types of tools you’re wanting to purchase.  It seems there is always more equipment you are needing to buy to keep the business operating like a streamline butterfly.  Why don’t we take a look at the advantages of deducting tools can be for you…

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How Dumb Is It To Cheat The IRS?

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If You Think You Are Like This Guy, We Need To Talk..Don’t Try And Cheat The IRS We like sharing informative information here at Incite Tax.  We want you all to be up to speed with the trends and news of tax and accounting, but also stupid mistakes people make by not using their heads.  Hopefully that will open your eyes more to the reality…

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What ACA Means and How to Understand This Crap

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What does the ACA Mean to Me and My Business? Understanding How it Applies to Your Business Although you might be a small company, you are rapidly growing. You have a handful of employees and you’ve found your stride, however, you quickly realize that to keep your hardworking and loyal employees, you need to provide health benefits. This isn’t a surprise; you knew this was…

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