Evergreen Small Business


Most Amazon FBA businesses have a riddle they wrestle with—which is the Amazon FBA sales tax question.

Specifically, do you, if you’re an Amazon FBA business, need to collect and then report and remit sales tax?

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I’ve been binge-watching David Rubenstein’s excellent TV show where he interviews news makers.

On one of the early episodes of the show, Mr. Rubenstein interviews Warren Buffet.

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I’m slightly hesitant to talk about modeling portfolio leverage.

But if we can all keep calm and stay rational, some really good insights drop out of a discussion about modeling financial leverage.

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Okay, an important first stipulation. And, yes, that’s absolutely okay.

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Need a small business fringe benefits package to attract and retain good employees? We small business owners need to have good fringe benefits available.

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Buried at the heart of every personal financial plan is a critical percentage: an average retirement savings return estimate.

But you and I need to adjust the return we expect for the expenses we pay to financial advisers and mutual fund companies.

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Business Education Deductions [0.11]

Posted on July 3, 2017, noon by Evergreen Small Business @ [source]

A couple of times recently, I’ve talked with taxpayers about their business education deductions.

First a Clarification: Tacit vs.

Before we get into the weeds on this, however, I want to define a couple of terms: explicit knowledge and tacit knowledge.

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Tax Deduction Receipts [0.10]

Posted on June 26, 2017, noon by Evergreen Small Business @ [source]

Taxpayers always wonder about whether or not they can deduct expenses when they don’t have a receipt.

And be aware that taxpayers who try to rely on the Cohan rule often lose their case (see, for example, Sam Kong Fashions, Inc., T.C.

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Real Estate Professional Loophole [0.12]

Posted on June 19, 2017, noon by Evergreen Small Business @ [source]

Earlier this year, the tax court issued a decision about the real estate professional loophole.

You can read through the court case to get the gory details (see the earlier link) and probably like me you’ll come away with this awkward conclusion: The IRS just didn’t want to believe the taxpayer’s assertions that annually he had spent more than 750 hours on real estate.

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Spotting Investment Scams [0.10]

Posted on June 12, 2017, noon by Evergreen Small Business @ [source]

This week, I want to talk about spotting investment scams.

And so you also want to know, acknowledge really, that your community, your social network, sadly includes thieves who use investment scams to steal.

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But that’s not very relevant to most readers. First, the U.S. average household income is about $56,500 so way less than $100,000.

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A few weeks ago, in a blog post about income tax brackets, I pointed out that some people who make $100,000 a year pay zero income taxes.

That “pay zero income taxes” angle struck a chord with readers.

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Over the last week, this blog has provided several posts related to this idea that you need a retirement plan “B” to deal with the very real possibility that you end up with less in your retirement savings than you expect… (The series started with this post: Retirement Plan B: Why You Need One.

Note: It looks to me as if the worst-case 35-years-of-savings scenario ends right around 1920.

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Over the last few days, the Evergreen Small Business blog has described why and how you need to develop a “plan b” for your retirement.

The Portfolio Visualizer Monte Carlo Simulation tool to identifies the range of outcomes that separates the 25th percentile from the 75th percentile.

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CFIREsim Retirement Plan B Calculations [0.08]

Posted on May 24, 2017, 12:09 p.m. by Evergreen Small Business @ [source]

Open the cFIREsim home page using this link cfiresim.com Enter the future year at which point you stop saving into the Retirement Year text box (See Figure 1 which follows and click the image if you can’t read it). Add 1 to the value you entered in the Retirement Year text box and then enter this value into the Retirement End Year text box.

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FIRECalc Retirement Plan B Calculations [0.05]

Posted on May 23, 2017, 12:09 p.m. by Evergreen Small Business @ [source]

Open the FIRECalc home page using this link firecalc.com.

After you click Submit, FIRECalc calculates the historical results your plan would have produced had you run the plan during any period after 1872.

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Can I suggest you need a retirement plan b? You’ve probably already got a “plan a” for retirement.

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In some popular online forums, participants regularly tout the idea of self-directed IRA real estate investment or self-directed 401(k) real estate investment.

After writing dozens of messages rebutting this gambit, I finally realized I’d save time by summarizing here the ten big problems an investor creates with this approach to funding investments in real estate.

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Avoiding Net Investment Income Tax [0.07]

Posted on May 8, 2017, 11:54 a.m. by Evergreen Small Business @ [source]

Most taxpayers probably aren’t thinking about avoiding net investment income tax. The net investment income tax hits more people than you might think.

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In an online forum the other day, a long-time member advised someone to ignore their small business when considering their asset allocation.

But the question got me thinking: Shouldn’t asset allocation for small business owners and entrepreneurs consider their ownership interests in their businesses?

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