Assets vs Liabilities and how to generate assets

Securing Private and Federal Grants

The stabilizing and recovering economy has been good news for everyone, particularly in terms of grants and their funding. Non-profit organizations looking to boost their effectiveness or start new programs are competing with each other to show value in their idea and receive, either from private foundations or by securing federal grants, the funding needed to turn their concept into a reality that helps better their communities. As more and more non-profits are turning to the same sources of funding for grants, even the additional amounts being disbursed by these groups has not made it easier to receive funding.

The Wealth of Well-Being: A Cautionary Tale

The loss of one’s personal-finance equilibrium so often is followed in a domino-type effect by the loss of the intangible wealth of health and happy personal relationships.Since the world of finance is not about to change, the only control we have is over our personal circumstances. By consciously shifting the ways we earn, spend, save and invest via informed choices, we can make a huge difference in our overall quality of life.

Fiduciary Duty

Fiduciary duty-two simple words, yet oh so powerful. Many different types of professionals owe a fiduciary duty to someone-for example, lawyers to their clients, trustees to their beneficiaries, and corporate officers to their shareholders.Two Critically Important:

How to Handle Your Finances After Marriage

This article discusses the importance of creating a joint household budget after marriage. Numerous tips are offered on where savings can be created through combining budgets after marriage.

Video Teller Vs Personal Teller Machine

Learn the differences between a Video Teller and a Personal Teller Machine. What are the benefits of each, and which is more beneficial to have in your bank branch?

15 Ways to Improve Your Finance

There is nothing as important as to take control of your financial situation and activities. If you do not take control of the financial situation, soon your financial situation will be so bad and you will not like it. There are so many ideas of what taking control of one’s financial situation may imply. The most important thing however is for you to ensure that you take a step, however small it may be.

Asset Protection – A Must For The Business Owner

Asset Protection refers to protecting an individuals and businesses from civil judgments by using methods, systems, techniques and procedures developed from statutory law (regulated by Congress or state legislatures) and common law based on court decisions. Asset Protection Planning is a strategic, preemptive preparation to prevent creditors from obtaining assets in the event of a civil judgment. It does not mean that a person ignores his debt obligations.

The Problem With Constructive Dividends

Owners of small corporations typically view their corporation as a personal possession and do not really appreciate the concept of the corporate structure. Accordingly, record keeping in many corporations is inadequate. The resulting problem is that the withdrawal of cash or other properties from the corporation that is not properly documented is reclassified by the IRS as a “constructive dividend”.

Cash and Non-Cash Payments To Employees

Business expenses are the costs a company incurs to carry out its trade, business, or profession. The IRS allows companies to deduct these expenses as long as the business tries to make a profit. In the previous chapter, the general requirements for deducting employee compensation expenses were presented.

Everyone Needs a Family Office

One of the truisms that virtually everyone has heard is that ‘the rich get richer.’ Why is that? Well, in modern times one answer is that families of great wealth avail themselves of Family Office structures.

A Brief Introduction to Captive Insurance

Over the past 20 years, many small businesses have begun to insure their own risks through a product called “Captive Insurance.” Small captives (also known as single-parent captives) are insurance companies established by the owners of closely held businesses looking to insure risks that are either too costly or too difficult to insure through the traditional insurance marketplace. Brad Barros, an expert in the field of captive insurance, explains how “all captives are treated as corporations and must be managed in a method consistent with rules established with both the IRS and the appropriate insurance regulator.

Insurance Exit Strategies

There may come a time in an insurance policy owner’s life when they no longer have the same need for insurance that they did when they initiated the policy, or financial circumstances render such policies un-affordable. Ending the payment cycle on a term policy is as simple as not paying the premiums – like car insurance, the policy will only last up to the point where payments stop, at which point the policy will terminate. Of more import is the conclusion of an existing permanent policy.

When Is An Expense Deductible?

To begin any discussion of business expenses, it is necessary to define when an expense is deductible. According to the IRS, a business expense must be both ordinary and necessary to be deductible. To be ‘ordinary,’ the expense must be one that is common and accepted in your field of business or trade.

Understanding the Fundamentals of Getting Rich and Pulling Ahead in Life

Hello everyone, you probably have not heard of me, but I am one lucky guy who was able to turn tragedy into a fortune. It all started back when I was just 29 years old.

What Does the Revenue Act of 1921 Have to Do With 1031s?

Learn more about the history of 1031 exchanges and the role they have played in the past as well as in the present. 1031 exchanges go back many years in the history of economic development.

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