Invest Like a Venture Capitalist

Posted Leave a commentPosted in aquaculture, Banking, Crowdfunding, Farming, Financial Planning, Tax Planning

One of the most overlooked tax savings strategies is to avoid federal income taxes on large capital gains. Allowing investments to grow tax free over decades can result in tremendous growth in wealth and is one of the most reliable paths to a tax-free retirement. This tax-free capital gain tax strategy is employed by almost […]

In support of NJ Senate Bill 2293 “Securing Our Children’s Future Bond Act”

Posted Leave a commentPosted in Leadership, New Jersey, News and Politics, parenting, Taxes

I read two social media editorials by taxpayers encouraging voters to vote against Senate Bill 2293 known as the “Securing Our Children’s Future Bond Act“. This blog post is an editorial in support of the bill. My argument is broken down into a brief listing of the facts followed by four points of personal opinion. […]

How the new tax law affects NJ commercial fishing and aquaculture

Posted Leave a commentPosted in Uncategorized

New Jersey’s seafood producing companies that can generally be classified as growers or harvesters(1). The Tax Cuts and Jobs Act offers an opportunity for tax savings to all pass-through businesses, and we expect that many of our seafood producers will qualify for this 20% income exclusion provision. In addition, the new tax law contains a provision for […]

A fresh look at my history of online complaints

Posted Leave a commentPosted in Computers and Internet, Off-Topic, Social Media

I reviewed a total of about 20 complaints about my online material. None of these complaints involved tax publications. None were connected to offline activity. None of the complaints resulted in any finding of wrongdoing. I see no other pattern.   If I count the work I did as a teenager raising sweet corn and […]

Turn employee health expenses into tax savings

Posted Leave a commentPosted in Employee Benefits, Health Insurance, Tax Planning

Small business employers who do not offer an employee health plan are missing out on valuable tax savings. These small firms may be understandably nervous about offering employee health benefits. Less than half of small firms even try. We’ve heard about high costs of medical care and health insurance that rise year after year. This cab be […]

LIFT (Livable Incomes for Families Today) the Middle Class Act

Posted Leave a commentPosted in Uncategorized

California Senator Kamala Harris, ranked as one of the top 2020 possible presidential candidates, proposed repealing the 2017 tax reform law and replacing it with a $6,000 tax credit or direct payment to middle-class and poor individuals and families. After reading the press release from a Harris’ office, I felt that this plan made more sense than […]

A simple view of the 20% pass through deduction

Posted Leave a commentPosted in IRS, Small Business, Taxes

A business friend asked a simple question online: “What doe the pass-through deduction mean to me?” The collective response was so vague and convoluted that I felt sorry for her for asking. After thinking about it, there are two things that are uncertain and one that is certain about the pass-through deduction that directly address […]