Choosing the proper tax status for your business is very important. You definitely want to consult your CPA, legal team, and financial advisor to ensure you pick the right business setup and tax structure for your business. What Is An S Corp? An S corporation is a corporation that has elected “S corporation” as their tax status. Forming an S corp lets…
Before we can even decide if you should use a HELOC, you need to understand what it really is. Home equity lines of credit (HELOC) allow you to borrow against the equity you have in your house. The best part about a HELOC is that it differs from a regular loan where you start paying interest on the balance right…
This past couple of months I have helped multiple clients prepare for honeymoons and realized I have never written a blog post on it, so I thought I would create one to help you think through and prepare for your honeymoon. Let’s dive into how much you need to save and how to best save for your future honeymoon! How…
I often hear people mix up tax credits and tax deductions so I thought it could be helpful to break down what each of them are and how they work so you can know what the differences are. I will say, both are great for reducing your total tax liability and something you want to be aware of. Tax Deductions …
As we approach the end of the year, there are a bunch of financial planning opportunities available to close out this year strong. I have had this post ready for awhile, and last week my friend Travis Gatzemeier put out an awesome one pager with most of these ideas so I will link to that here for you to check…
This is a post that may make some parents upset, but I think it is a post that is needed. Let’s be real, we all have gotten some good and bad advice from our parents growing up. I know their goal was to help us, but sometimes the advice they gave us was right for them when they were our…
Having a baby is one of the most exciting times in life — but with new adventures comes new challenges. For many soon to be parents, the months leading up to the baby’s birth are very hectic. There is so much to do but also so much to learn. Where do you even start? To help you get off to…
It has been about 3 months since the Biden administration extended the pause on federal student loans, however, they did make it clear that this is the last time. This means everyone will be required to start paying on their loans again on February 1, 2022. It’s crazy it has already been 2 years (almost) since borrowers were required to…
As lame as it may sound, I view every day as a learning opportunity. Ever since I started creating content, I have taken note of the key things I have learned each day. Some days I learn something new, somedays I am reminded of something that I needed to relearn that day. In honor of my 26th birthday, I want…
According to the Census Bureau, more than 4.4 million new businesses were created in the U.S. during 2020 — the highest ever on record. That’s a 24% increase from 2019 and is 51.0% higher than the 2010-19 average. COVID accelerated the shift to this digital world we live in making it easier than ever to start a business. I am…