Profit & Tax Blog

Don’t Drink the Kool-Aid

Don’t Drink the Kool-Aid

Tech CEO Creates New Religion Cryptocurrencies like Bitcoin, Bitcash, and Ethereum rest on a foundation of "blockchain": a continuously growing public transaction ledger consisting of records called "blocks" that are linked together and secured using cryptography....

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More Important Than Taxes?!?

More Important Than Taxes?!?

Chipotle Moving HQ - Big Tax Implications! Last month, we wrote that New York money manager AllianceBernstein is moving its headquarters and 1,100 employees from a slick black Manhattan skyscraper to the steaming concrete jungles of Nashville, TN. It's going to be...

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Manly Men Doing Manly Things in a Manly Way

Manly Men Doing Manly Things in a Manly Way

Back in the early 80s, a group of Democratic legislators decided to room together to cut the cost of staying in Washington for the three nights or so per week that Congress is in session. The motley crew included Representative George Miller of California (owner of...

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IRS Scuttles Tax Breaks for Pirate Victims

IRS Scuttles Tax Breaks for Pirate Victims

Do Pirates Still Exist? It's 1715 in the Caribbean and the Golden Age of Piracy is at its peak. The War of Spanish Succession is over, and thousands of privateers are left without gainful employment. From bases hidden away in the Bahamas, buccaneers like "Calico" Jack...

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She Did It!

She Did It!

Early on Saturday morning, 29 million Americans woke up to take a break from school shootings, Russian collusion, and partisan gridlock to watch a California woman achieve a rare fantasy. The woman in question watched the sun rise as plain old Meghan Markle. But by...

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Have You Taxed a Ford Lately?

Have You Taxed a Ford Lately?

Losing Production Time Impacts Company Profits But Also Millions In Tax On May 2, fire broke out at the Meridian Magnesium Products of America plant in Eaton Rapids, Michigan. The factory supplies components to Audi, BMW, Daimler, Fiat, GM, Tesla, Jaguar and Mercedes....

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Free Agent Scores Spicy Signing Bonus

Free Agent Scores Spicy Signing Bonus

Corporations Can Play "Free Agent", Too Baseball is back in swing, and several teams have already made it clear that they won't be contending for playoff berths. The Cincinnati Reds are leading that sorry pack, the first team to lose 20 games in the season. But the...

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No Business Like Shvo Business

No Business Like Shvo Business

He Dodged More than $1 Million in Taxes The lights of Broadway have long shone bright as the show business capital of the United States. (Hollywood may have the movies, but it's just not the same. And Vegas? Puh-leaze.) New York theatres attract millions of visitors...

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Inventing Tax Records

Inventing Tax Records

How Long Should You Keep Tax Records? Tax Day 2018 has come and gone. Have you cleaned up the mess from the celebration? Has your hangover faded into memory? Now all that's left is to box up those records and store them somewhere safe, for . . . how long? Storing tax...

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Quit Your Whining

Quit Your Whining

Over $1 Billion in Taxes Deferred Because of Loophole  By all rights, "Tax Day" ought to be one of our favorite holidays, like "Christmas in April" without the carols, the hype, or the eggnog. That's because eighty percent of us get refunds, averaging $2,782 each in...

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Take Charge of Your Debt & Pay Them Off Faster

Grab This Worksheet to Calculate Your Monthly Nut - Once you've paid your monthly nut (expenses), the rest is PROFIT!

Do  You Know The Health Of Your Service Business?

Do  You Know The Health Of Your Service Business?

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