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Category: Business

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  • Business
  • Posted on January 3, 2021
  • Ian Zheng
Hiring Your Children Who Are Under 18 for Your Business
Hiring your children and family members is one of the most powerful tax strategies used by entrepreneurs today. Many people don’t realize that their children or grandchildren, whether they’re under 18 or adults, are the most affordable labor. More importantly, it’s an excellent strategy to minimize tax liability and enjoys a host of other ancillary [...]
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  • Business
  • Posted on January 3, 2021
  • Ian Zheng
The biggest regret of my life – Start my Self-Directed Roth IRA too late!
Owning a Self-directed Roth account is a great way to build your net-worth, tax-deferred, or tax-free. Especially the Roth account. You can only contribute $6,000 per year into this account, that’s why my biggest regret is that I didn’t start this account earlier. What Is a Self-Directed IRA (SDIRA)? A self-directed individual retirement account (SDIRA) [...]
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  • Business
  • Posted on January 3, 2021
  • Ian Zheng
What are the exit strategies for 1031 like kind exchange?
As is known that over the years, the tax basis for a 1031 like kind exchange properties are likely to be a number close to zero. What’s the best strategies to exit a 1031 like kind exchange? 1. Hold until you die. Your heirs will get a step up in basis so the tax goes [...]
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  • Business
  • Posted on January 3, 2021
  • Ian Zheng
The 5 Questions to Ask Before Hiring An Accountant for Your Restaurant
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Recent post

    • January 3, 2021
    • Ian Zheng
    Hiring Your Children Who Are Under 18 for Your Business
    • January 3, 2021
    • Ian Zheng
    The biggest regret of my life – Start my Self-Directed Roth IRA too late!
    • January 3, 2021
    • Ian Zheng
    What are the exit strategies for 1031 like kind exchange?
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