The IRS has instituted new audit rules which require every LLC Operating Agreement and Limited Partnership (LP) Agreement to be amended. While we have never experienced such a dramatic requirement, it is important to make document amendments before December 31, 2017. The IRS likes to penalize non-compliance.
Archives for October 2017
Recent studies have found that saving for retirement has become a bit of a financial afterthought, as more Americans are actually saving for an upcoming vacation than they are for economic security in their golden years. In fact, a 2017 NerdWallet survey found that 56% of young women between the ages of 18 and 34 aren't saving for retirement at all.
But having a lack of fiscal foresight isn't limited to the young; a newly released Fannie Mae study has found there's been an increase in set-to-retire Baby Boomers who have outstanding mortgage debts to worry about.
One of the things I love most about my work is seeing people move from the left side of the CashFlow Quadrant to the right side of the quadrant.
The process of moving from being an employee or self-employed to a business owner or sophisticated investor is a bit like that of a caterpillar turning into a beautiful butterfly. It takes time, and often requires a total transformation in mindset and behavior.
Online retail giant Amazon Inc. has received multiple offers of tax breaks as a part of the company's national competition for Amazon's second headquarters. According to Reuters, the HQ2 competition came to an end on Thursday, October 19, and will include up to 50,000 new jobs and a $5 billion investment for the winning city. Not only that, but housing prices in the chosen land are expected to rise considerably.