LLC business structure

Here’s 3 Reasons Why Most Attorneys are So Quick to Recommend Limited Liability Company (LLC) Entity Structure

Most attorneys recommend a Limited Liability Company (LLC) business structure to their clients because: LLCs are relatively simple for you to operate, especially compared to all the red tape involved with operating as a corporation An LLC significantly limits your legal liability and protects your personal assets from business clients, prospects, and the public at […]

Do you need to make Quarterly Estimated Tax Payments?

Do you need to make Quarterly Estimated Tax Payments? Here’s the What, Who, When, Why and How What is Estimated Tax? It’s the method used to pay tax on income that is not subject to withholding. W-2 income has taxes withheld. On the other hand, 1099 income typically has no tax withholding. Neither does rental income, […]

80/20

The 80/20 Rule: The Secret to Achieving More with Less

Somewhere in school or on the internet you came across an idea known as “The 80/20 Rule”. The basic concept is that 80% of what you achieve comes from 20% of the time spent. Thus for practical purposes, 80% of the effort put into anything is largely irrelevant. If you want to dramatically raise your efficiency, or […]

Pre-tax dollars and After-tax dollars. Which is better?

Ultimately, there are two kinds of dollars in this world. Pre-tax dollars, and after-tax dollars. Pre-tax dollars are great. And after-tax dollars aren’t bad. But they’re not as good as pre-tax  dollars. In fact, you lose every time you spend after-tax dollars . . . that could have been pre-tax dollars. (Huh? What?…) Let’s take a […]