@baldridgecpa WORK WITH ME Free money that costs you a Saturday every quarter The HSA takes one click to open. Triple tax advantage. Deductible in, tax-free growth, tax-free out for medical. On paper, the best-treated account in the tax code. Here's what it leaves out. You need a high-deductible plan you may not want. You have to invest the balance instead of spending it, which most people never do. And to run the reimburse-yourself-later play, you keep every medical receipt for thirty years....
7 days ago • 4 min read
@baldridgecpa WORK WITH ME THE $100,000 MISTAKE GETS A LIVE WALKTHROUGH ON AUGUST 19 Decision 1 in this letter is your entity. It's also one of four things Evan and I will cover in the live webinar on August 19 at 1 PM CT: the entity decision, your Q3 estimate, the books your CPA needs to find deductions, and the year-end moves with a December 31 deadline. One hour, four checkpoints. Can't make it? Register anyway. The replay lands within 24 hours. Save your spot LAST WEEK WAS THE SMALL MONEY...
14 days ago • 6 min read
@baldridgecpa WORK WITH ME THE IRS CHARGES 7% INTEREST, COMPOUNDED DAILY, ON MONEY YOU DIDN'T KNOW YOU OWED Every year in the wrong entity, the IRS keeps money that should be yours. Tens of thousands at $250K profit, six figures at $500K and up. On August 19, join Evan and me for a webinar where we break down the math, the income level where QBI stops working in your favor, and the fix if you're already on the wrong side of it. Save your spot YOU DON'T HAVE A SPENDING PROBLEM. YOU HAVE A...
21 days ago • 5 min read
@baldridgecpa WORK WITH ME YOUR ENTITY IS THE MOST EXPENSIVE DECISION YOU'RE NOT ACTIVELY MAKING Every year in the wrong entity, the IRS keeps money that should be yours. Tens of thousands at $250K profit, six figures at $500K and up. On August 19, Evan and I break down the math, the income level where QBI stops working in your favor, and the fix if you're already on the wrong side of it. Save your spot WHEN THE IRS PAYS YOU TO GET MARRIED Dave left his sales job in February of last year. Not...
28 days ago • 5 min read
@baldridgecpa WORK WITH ME ONE OF THESE THREE THINGS IS COSTING YOU MONEY RIGHT NOW Wrong entity, not sure what you owe for Q3, messy books: pick one, it's costing you money before Q4 hits. August 19, live, at 1PM CT: Evan Baldridge, COO of Visor, and I cover the net-profit range that decides your S-Corp election, the 7% penalty on an underpaid Q3 estimate, and the deductions most owners lose in disorganized books. 1 hour, questions welcome. Save your spot WHAT GOOD IS DEPRECIATION IF YOU...
about 1 month ago • 4 min read
@baldridgecpa WORK WITH ME THE ACCOUNT NOBODY TOLD YOU ABOUT (IT'S NOT WHAT YOU THINK) On July 4th, the Treasury wired $1,000 into the accounts of more than 500,000 American kids. Two days later, for the first time in history, a president rang the opening bell from the Oval Office. The NYSE and Nasdaq opened together, which had never happened before either. Six million families signed up. $1.4 billion in seed money committed. Brad Gerstner took a victory lap on All-In, and he earned it. Four...
about 1 month ago • 8 min read
@baldridgecpa WORK WITH ME THE TAX LOOPHOLE HIDING IN YOUR AIRBNB LISTING Short-term rentals are the one place in the tax code where a single property can erase a six-figure tax bill. Most investors never cross the line that unlocks it. If you make good money and own real estate, ignoring the STR rules is how you end up writing checks you did not need to write. Here's the loophole: the IRS lets you treat a short-term rental as a business instead of a rental. Cross that line and the passive...
about 2 months ago • 4 min read
@baldridgecpa WORK WITH ME WHAT THE IRS LOOKS FOR IN AN AUDIT The IRS isn't reading your tax return. Not at first. A computer scores it. Every return filed in America gets a DIF score (Discriminant Function). The algorithm compares your deductions, income, and expense ratios against statistical norms for your industry and income level. Returns that deviate from the pattern get flagged. The IRS also runs targeted campaigns and occasional random pulls, but for most small business returns the...
about 2 months ago • 5 min read
@baldridgecpa WORK WITH ME HEALTH INSURANCE SHOULDN'T BE THE REASON YOU STAY A client came to me convinced she couldn't leave her job. Not because of the salary. Not because of the work. Because of health insurance. Her father had told her for 20 years: go work for a big company. They give you benefits. You need coverage. Don't go out on your own. We got on a call. I walked her through her options and showed her how the pieces fit together. Six months later she called me back. Her words: my...
2 months ago • 5 min read