by briesterer@thinkvisionary.com | Jul 5, 2023 | Business, Newsletter, Tax
At some point, most small business owners will visit a bank or other lending institution to borrow money. Understanding what your bank wants and how to approach it properly can mean the difference between getting a loan for expansion or scrambling to find cash from...
by briesterer@thinkvisionary.com | Jul 3, 2023 | Individuals, Newsletter, Tax
Home equity represents a significant portion of the average retiree’s wealth. If you’re 62 or older and house-rich but cash-poor, a reverse mortgage loan allows you to convert part of the equity in your home into cash – without having to sell your...
by briesterer@thinkvisionary.com | Jun 5, 2023 | Individuals, Newsletter, Tax
Are you approaching retirement age and wondering where you can retire to make your retirement nest egg last longer? Retiring abroad may be the answer. But first, it’s important to look at the tax implications — because not all retirement country...
by briesterer@thinkvisionary.com | Jun 3, 2023 | Individuals, Newsletter, Tax
Teens and young adults often go into business for themselves over the summer or after school. This work can include babysitting, lawn mowing, dog walking, or other part-time or temporary work. When a teen or young adult is an employee of a business, their employer...
by briesterer@thinkvisionary.com | Jun 2, 2023 | Individuals, Newsletter, Tax
An IRS CP2000 notice is mailed to a taxpayer when income reported from third-party sources such as an employer, bank, or mortgage company does not match the income reported on the tax return. It is not a tax bill or a formal audit notification; it merely informs you...
by briesterer@thinkvisionary.com | Jun 1, 2023 | Business, Newsletter, Tax
Many businesses hire part-time or full-time workers, especially in the summer. The IRS classifies these employees as seasonal workers, defined as employees performing labor or services on a seasonal basis (i.e., six months or less). Examples of this kind of work...