Weekly Wisdom

Weekly Wisdom

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The Red Queen Problem

Entrepreneurs deal with Red Queen Problems all the time. Entrepreneurs and managers need to be aware of Red Queen Problems – particularly when deciding on a strategic direction.

Fast Growth for How Long?

Are there limitations to growth?  How fast and for how long can a company grow?  How do you extend your company’s growth?  To find out watch the video.

Step-by-step guide on how to file with FinCEN

 

 

If you have an LLC or a Corporation you must report the Beneficial Ownership Information to the Department of Treasury’s Crimes Enforcement Network (FinCEN). It is simple and does not cost anything. However, if you don’t report then there are some pretty hefty fines. Below is a step-by-step guide on how to report.

What You Need to Know about the Section 199A Deduction

(AKA the Qualified Business Income Deduction)

The Tax Cuts and Jobs Act of 2017 provides a significant tax break for small business owners under Section 199A also known as the Qualified Business Income Deduction. This video is going to explain why business owners are so excited about this deduction, how it works, who gets this deduction, who does NOT get this deduction, how to determine the deduction, and share some examples to help clarify all of this. This deduction will certainly help reduce the taxes paid by business owners, but there are rules and limits….of course.