Sep 16 Opportunity Zone Funds – A Legal Way to Pay No Capital Gains Taxes? The Trump Tax Law created a new type of investment vehicle called an Opportunity Zone Fund. An Opportunity Zone is an economically distressed community that is designated as such by a state, and then certified by the Secretary of the US Treasury. The purpose of these Funds is to spur economic development and job creation […] Read more
Sep 11 You Have to ACT FAST to Take Advantage of This 2018 Tax Planning Opportunity There are a lot of tax planning opportunities to take advantage of before December 31st. But there is one that you need to implement in the next couple of weeks and it could save you a lot in taxes. It’s setting up a safe-harbor 401(k) plan for 2018. Many times, small business owners think 401(k)’s […] Read more
Sep 07 How to (Potentially) Circumvent the $10,000 Cap on State and Local Tax Deductions Under the new Trump tax law, individuals are limited in deducting state and local taxes up to $10,000. There has been a lot in the news lately about high-tax states trying to circumvent this limitation by establishing state run non-profit organizations that allow state tax credits for contributions to the funds. By doing so, these […] Read more
Sep 03 5 Tax Planning Ideas Business Owners Should Consider Now This document is not intended to be construed as tax or legal advice. You should always contact your tax or legal advisor for specific tax planning recommendations for your situation. It’s September, which in my world means it’s time to be thinking about tax planning for 2018. You know there have been tax law changes, […] Read more
Aug 30 3 Things Every Business Owner Should Track Immediately In working with many, many businesses as a Greenville CPA over the years, there are 3 things that always stand out that aren’t tracked: margins, days AR outstanding and days AP outstanding. The reason they are typically not tracked is because their accounting is bad or nonexistent. So, the first step in being able to […] Read more
Feb 19 Discounts Are Like Cancer As a business owner and entrepreneur, I understand the need for sales. Obviously getting that revenue is vital to the success of your business. And it’s easy to fall into the trap of getting revenue for revenue’s sake. When your ultimate goal is revenue growth, and you focus so intently on new business and new […] Read more
Jan 29 When Revenue Growth Is Bad As an entrepreneur, revenue and growth is king. It’s the holy grail of success. The more you grow your revenue and customer base, the better. But growth can be bad…and it can put you out of business if not managed correctly. Don’t get me wrong, I am a firm believer that you should always grow […] Read more
Jan 17 The difference people rave about… I always say that THF Advisors is different than other financial planning and wealth management firms. I know everybody and their brother also says this, but when it comes down to it, we really are different. Here is a visual that compares THF Advisors to other firms to help you understand the differences: The […] Read more
Jan 11 The Best Investment for 2014 Gold, silver, small caps, large caps, value, growth – what is the best investment for 2014? Are you confused by various investment reports, pundit recommendations on where to put money, and the talking heads who are all “experts” on TV? Can you guess what the “next hot sector” is and where you will get the […] Read more
Sep 24 Develop a Positive Money Mindset I am constantly in a conversation with clients about their money. Whether it’s an individual saving for retirement or a small business wondering how they can have more cash. But did you know that how you think about money is the single most important factor that determines whether you are wealthy or not. So, if […] Read more