Profit & Tax Blog

Stranger Taxes

Stranger Taxes

The IRS tax code was quite different in the 1980's versus today!  The streaming video service Netflix has earned a reputation for providing quality content like Narcos, Orange is the New Black, and The Queen. But Netflix has also upended how millions of people consume...

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Talk About “Prime” Real Estate!

Talk About “Prime” Real Estate!

Cities Bidding to Win Top Spot for Amazon's HQ2! Former President Jimmy Carter once called our tax code "a disgrace to the human race," and there's really not a lot to like about it. There's at least some consolation, though, in the fact that we're all stuck with the...

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For the Love of Art

For the Love of Art

How the Super Rich Uses Art for Tax Breaks!  In today's new Gilded Age, Americans are constantly vying to one-up each other. You show up at your high-school reunion in a new Mercedes E-Class; then your classmate pulls up in a Maserati Quattroporte. (Some would call it...

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Tax Strategies for Trick or Treats

Interesting Halloween Tax Strategies!  Halloween is almost here, and if it seems like things have changed since you were a kid, you're right! Halloween has become big business, with the National Retail Federation predicting Americans will spend $9.1 billion on...

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They Hate Him at the IRS, Too

CEO "Retires" With Millions After Major Data Breach  We live in an unfortunate era of disunity. Cultural divides, racial divides, religious divides, and political divides are threatening to tear America apart. Every so often, though, someone comes along to unite...

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Too Tasty for the IRS

Restaurant Owners Stretch Meaning of Expenses  Most of us like to eat, even if we choose to deny ourselves this pleasure from time to time. And those of us with an entrepreneurial bent often dream of opening a restaurant. Sometimes it's a bustling cafe fronting a...

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Sink Your Teeth Into This One

Who knew! The IRS loves pizza!  "You better cut the pizza in four pieces because I'm not hungry enough to eat six." Yogi Berra The calendar is full of little-known commemorations that probably escape your attention, and this month is no exception. Some of them...

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Help With Help – How to Help Storm Victims

Help Storm Victims With Donations After Hurricane Devastation Ordinarily we use this space for lighthearted stories that poke fun at the tax system and some of the clever ways that people endeavor to make it work for them, successfully or not. But the recent stories...

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$50 Million, Hut!

Coach Gets Creative with Taxes and Salary! The 2017 college football season kicked off this week, and for most people that means talk of pre-season polls, Heisman trophy hopefuls, and BCS championship prospects. But we're not "most people," are we? So today we're...

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A Match Made in Dallas

A Match Made in Dallas - The Deciding Factor in this CEO's Tax Case Where is "home"? Home is where the heart is. Home is wherever you make it. Home is wherever I'm with you. And, of course, I'll be home for Christmas. But what does the tax man think of all of...

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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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