After a very productive tax season, I find myself analyzing my lifestyle spending more than I have in a few years. I’m very aware of how lifestyle creep, also known as lifestyle inflation, can sneak up on you and I try to be aware of it. However, it seems that sometimes just being aware does […]

It’s tax preparation season, and like most business owners, Kim decided to just file for an extension to give herself more time. After reviewing the return prepared by her accountant Frank, she was surprised to see that she owed dividend tax on her S-Corp distributions. Confused, Kim phones Frank and gets straight to the point: […]

Jose has been using an online bookkeeping system for the last five years. He’s hired multiple bookkeepers and accountants but his accounting remains messy. The last accountant he hired cleaned up his books by making manual adjustments, but this brought to light all the previously made mistakes. And he’s tried to fix the issues himself […]

Rick has been managing his small business accounting using a spreadsheet for the last eight years. He has a fair amount of number crunching to do, but it still seems faster than trying to enter all the data into an accounting system. Recently Rick’s business has expanded and the spreadsheet is getting unruly. After some […]

For many people, acquiring a rental property is the first major investment they make that they also must actively manage. Many property owners don’t move past a couple of properties while others soon expand to dozens. Each person has their own goal, and rental property management or investing is not for everyone. I tried my […]

Many aspects of our lives revolve around a monthly schedule, and bills are no exception. We expect to make car, mortgage, and utility payments each month. However, there are other expenses, like taxes and insurance, that we pay quarterly, semi-annually, or annually. Most people don’t question the timing of monthly or yearly bills, but business […]

Clint has a small business and draws heavily from his business degree and corporate experience when setting up his accounting system. The process was long and tedious but he’s happy with the result. He can create purchase orders when he needs to buy inventory, produce sales orders when new orders come in, and generate financial […]

When I purchased my first large business asset, a semi truck to be used in my family’s trucking business, I got a great deal of 30% down and 30% interest, and full repo if 14 days late. Talk about being taken to the cleaners, but I was just happy to find financing. Fresh out of […]

Martin had a very profitable year with his home remodeling business. He knows he will need to pay a lot in taxes. His accountant warned him to pay estimated taxes but Martin was too busy to listen. Over a business lunch, Martin mentions his predicament to his fellow business owners. They ask why he doesn’t […]

Bob started an online store two years ago selling his favorite coffee from around the world. It started out as a fun idea, merging his passion for coffee with his desire to travel. The store took off and soon expanded to consume his entire life. But now it does not matter how much harder he […]