Initial costs $425: $75 for the Articles of Organization $200 for the State Business License $150 for the Initial List of Managers or Managing Members. Annual costs $350: $200 Renew…

When you set up your own business, you have a choice of operating as a sole proprietorship, partnership, corporation or LLC.  How do you select which entity is most beneficial…

Should you operate your  business as a sole proprietorship, partnership, corporation or LLC? You may have heard that corporations and LLCs offer liability protection for shareholders and members. You may…

Can creditors go after my business? Yes, creditors can go after your business – but only after business assets (business bank accounts, equipment). But they cannot go after your personal…

Nevada has no state personal income tax. It has no corporate income or franchise tax tax either. On the other hand, neighboring California has the highest personal tax rates in…

Biden tax plan series WHAT is a Grantor Retained Annuity Trust (GRAT)? A Grantor Retained Annuity Trust (GRAT) is used in estate planning to minimize taxes on large financial gifts to family…

Biden tax plan series WHAT Is an Estate Tax? An estate tax is a levy on estates whose value exceeds an exclusion limit. Only the amount that exceeds that minimum threshold is…

Biden tax plan series WHAT are itemized deductions? Itemized deductions are expenses that can be deducted from your Adjusted Gross Income (AGI) to reduce your taxable income. Such deductions permit you to…

Biden tax plan series WE have been concerned about President Biden’s proposal to raise the federal corporate income tax rate from 21% to 28%. Lawmakers have suggested raising the rate to 25%. Including…

Biden tax plan series WHAT Is a Gift Tax? Gift tax is a federal tax applied to an individual giving anything of value to another person. The donor must report…

WHAT Is a Step-Up in Basis? The term “step-up in basis” refers to the readjustment of the value of an appreciated asset for tax purposes upon inheritance. It adjusts the value of an…

Biden tax plan series WHAT is required minimum distribution (RMD)? A required minimum distribution (RMD) is the amount of money that you must withdraw from your traditional IRA, employer-sponsored retirement plan, …

Biden tax plan series WHAT is the Social Security tax? Social Security tax is levied on both employers and employees to fund the Social Security program. It’s collected through payroll…

Biden tax plan series A certain provision in the Internal Revenue Code allows you to defer (postpone) gain on the sale of a business or investment property. “Tax deferred” means…

Here are some ways to prepare for Biden’s tax increases: Accelerate 2022 income into 2021 to avail of lower tax rates in 2021. Defer 2021 deductions into 2022 when you…

Part 3 of 3 Swing trading  captures short to medium-term gains over weeks or months (as opposed to day trading that captures gains in one day). The main difference between swing and…

Highlights: Day traders typically buy and sell securities within the same day (even multiple times per day) while swing trading involves making trades over a few days, weeks, or months….

YOU can use two primary approaches to analyze a stock: fundamental analysis and technical analysis. Fundamental analysis involves looking at a company’s underlying business metrics, such as revenue, earnings and debt….

1. Use moving average crossover strategy. • Buy when its 50-day simple moving average crosses above its 200-day simple moving average. • Sell when the short 50-day SMA drops back…

Part 3 of 4 Technical analysis is the study of historical market data including price and volume. It helps long-term investors  time their entry (buy) or exit (sell). If timing is off, gains will…

Stock traders use fundamental analysis and technical analysis to buy stocks. Fundamental analysis involves looking at a company’s business metrics such as revenue, earnings and debt. Technical analysis involves looking only…

Growth stocks are expected to grow sales and earnings at a faster rate than the market average. Growth stocks have a history of strong revenue growth and projected strong revenue…

Investors who use fundamental analysis are often broken into two categories: Value investors place a higher priority current stock price. Growth investors place a higher priority on the future prospects. Let’s discuss Value…

HOW do you pick stocks to buy? Well, it depends on your overall strategy: short or long-term holding, value or growth, your aversion to risk, among other things. For now,…

A STOCK is overvalued when its price can’t be justified by its fundamentals and earnings outlook. Overvalued stocks are risky and subject to selloffs. Specifically, stock is overvalued stocks when:…

Unemployment benefits are fully taxed by the IRS. However, the recent American Rescue Plan makes the first $10,200 of unemployment benefits tax-free for 2020. President Joe Biden signed the Plan…

PRESIDENT Joe Biden’s $6 trillion budget proposal offers new major initiatives like child and elder care subsidies, generous tax credits for families and the working poor, and free community college….