In the world of business, uncollectible debts can pose significant financial challenges. The ability to deduct these bad debts from taxable income can alleviate some of that strain. The criteria for deducting business bad debts, the types of debts eligible for...
A strategy that has gained traction is the use of partnership equity as a form of compensation for service providers. Partnership equity offers flexibility in designing compensation packages. Organizations can tailor equity arrangements to fit their unique needs,...
Real estate can be a significant asset, but it’s essential for retirees to understand how to access its value without jeopardizing their long-term financial security. Four common strategies for enhancing liquidity in real estate are reverse mortgages, refinancing,...
When businesses consider purchasing new equipment, cash flow management becomes a pivotal aspect of the decision-making process. One effective strategy to enhance cash flow in the year of purchase is leveraging tax depreciation, specifically through options like Bonus...
Escheat refers to the legal process by which unclaimed or abandoned property reverts to the state when the rightful owner cannot be located. In California, the state has specific laws governing escheat, which apply to various types of property, including financial...
"Die with Zero" by Bill Perkins In Die with Zero: Getting All You Can from Your Money and Your Life, Bill Perkins challenges conventional wisdom about saving and spending. He urges readers to rethink how they allocate their time and money throughout their lives. The...
