In short, when the business income is high enough – which 40,000 net or higher, an S-Corp could save the owner thousands in self-employment taxes
IRS Key Filing Season Dates
Its Tax Season… kinda Thanks to all the last minute tax law changes, we’ll be off to a late start; but, unless something changes the deadline will still be the same. So let’s go ahead and get this party started. There are several important dates taxpayers should keep in mind for this year’s filing season: […]
Think and Grow Rich Quote -Demand Prosperity – Epp 008
“Remember, no more effort is required to aim high in life, to demand abundance and prosperity, than is required to accept misery and poverty.” – Napoleon Hill
COVID Property Tax and Mortgage Relief for California Home Owners
Governor Newsom signed an executive order suspending penalties and interest for late property tax payments all the way until May 6, 2021.This relief, however, is not automatic. You actually must apply for relief through their county tax assessor, and only applies to people who pay their property tax directly to the county. If you use […]
California Health Insurance Mandate for Tax Year 2020
While it’s true the Federal government did away with the #HealthInsuranceMandate, California kept the show rolling with the California #HealthCareMandate effective tax year 2020. Beginning January 1, 2020, all California residents must either:(1) Have qualifying health insurance coverage, or (2) Obtain an exemption from the requirement to have coverage, or (3) Pay a penalty when […]
Ask Michelle!
People often ask me questions about taxes, small business and money at random. These are topics I SUPER LOVE so, in most cases, I will dive right in and start answering. I’ll probably tell you way more than you thought you wanted to know. This is great fun for me, and it’s also a form […]
Soloprenures and Entrepreneurs: Stop wasting your time [video]
From CEOs to Soloprenures – We all need gatekeepers If you are really running a REAL business with the intention of making revenues, you SHOULD BE concerned about maximizing the use of your time. Often times customers do not understand the value of your time. YOU must help them understand. In Anthony Parinello’s book, Secrets […]
Money For LIFE Webinar – Episode 007 [video]
Just how do you go about creating generational wealth for you and your family? Proverbs 13:22 says: “A good man leaves an inheritance for his children’s children.” Now… just how do you do that? It starts by getting some financial education. Then, you’ll need a lot of discipline and mostly liking some coaching. But let’s […]
Lying In Debt
“Stop making debt and going broke and calling that “living”. That’s not living, it’s lying.” – Michelle Walker-Wade
The Uprising of Black Businesses – Episode 006 [Video]
In the wake of all the social unrest over the lives and plight of Blacks in America, conversations about the uprising of Black-owned businesses are everywhere. In recent days many people have learned the history of Tulsa Black Wallstreet. Thus the idea that Blacks all across the nation can and should recreate business conglomerates to […]