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The Lost Years — Part 2: Business

{14 minutes to read}  This is the second of two newsletters, with a look-back on the “Lost Years.” The first newsletter was individual-focused, and in that article, I discussed topics such as primary home sales, retirement withdrawals, pandemic residency audits, and the necessity of a written will, among others — in case you missed it, […]

On This Independence Day, Do We Still Take Pride in the Red, White & Blue?

Greetings to You — Independence Day! Today, Americans across the nation celebrate another year of “freedom” from the Great Britain. With pride, last night I looked onto the red, white and blue city skyline while strolling the river in Brooklyn, yet as my thoughts deepened, I wonder if there was still some pride left in […]

What Have You Gained in the “Lost Years?”

This is the first of two articles – this first one is more individual-focused; the next will be focused on entrepreneurs (including sole practitioners/independent contractors) and small-business. In that article, I will discuss Pass-Through Entity Tax (PTET) and ways to manage the generous but short-lived Qualified Business Income Deductions (QBID). But first, let’s look back […]

Looking at Some Business Activities Before the Year Ends

{6 minutes to read}  You may agree with me that there have been multiple moving parts with businesses in 2021 — grants, loans, credits, more deductions, and the list goes on. Coupled with the virus — doing its own thing — we still have a business to operate, even though it may not be business […]

2021 Year-End Tax Planning

{6 minutes to read}  Let’s look – strategically and intentionally. As we look back, consider the wise words from two individuals who share the same first name: Warren W. Wiersbe, an American clergyman/biblical teacher wrote, “you do not move ahead by constantly looking in a rear-view mirror. The past is a rudder to guide you, […]

There is Still Money on the Table — Take Steps to Reduce Your 2021 Tax Bill

Greetings, {6 minutes to read} I hope you are taking some time to enjoy the summer days — with care, Outdoor spaces are priceless.   First, if you received a PPP loan in 2020 and have not yet submitted your PPP loan forgiveness application, what are you waiting for? The process has been simplified for loans […]

At the Mid-Year Mark

{6 minutes to read} We had another wet holiday weekend on July 4th this year. Wet days like these bring back some good vibes from my homeland — the Caribbean. On the zinc top roofing — the raindrops dance to a different and sweeter rhythm. In spite of the wet days across the Tri-states, I […]

Let’s Turn Over the Last Stone Before 2020 Ends!

Three – Two – One  Happy New Year! {5 minutes to read}  In just a few hours America will be joining many other nations as we welcome 2021 and echo the words above. Twenty-twenty — what a year! A year that will forever remain in plain view many years after it has passed. May you […]

Is a Roth Conversion the Right Move for You?

Let’s Welcome the Season of Hope! Many believe that Thanksgiving Day opens the doors to welcome the “Season of Hope.” There is often a sense of vibrancy in the atmosphere between this day and the end of the year. Maybe this is partially due to the Christmas lights and the flames from the menorah at […]

Remembering Ruth Bader Ginsburg

Remembering Ruth Bader Ginsburg “Don’t be distracted by emotions like anger, envy, resentment.  These just zap energy and waste time.“ (5 Minutes to Read)  On Friday, September 18th our fellow Jewish Citizens commenced another new year, Rosh Hashanah. This sacred time is marked with prayer and other ceremonial events. On the said day they also […]