April 27, 2017
Many people dream of making a living by indulging their passion or hobby. Sounds great, doesn’t it? And it can be done, but it’s important to understand that taking this path has no guarantees and that there are important questions to answer honestly before you take the leap. A few of these questions include:
Be realistic about the risks and the rewards of entrepreneurship. Sometimes it is just not feasible to launch a business that incorporates a particular passion. Make sure that you examine the business potential of your ideas carefully, starting by asking yourself the questions above. If you are honest with yourself and do your homework, you’ll be able to determine if you really will be able to turn your passion into a profitable business.
The combination of running a business and your life and preparing for tax time can drive some people into a slight panic. But no need to get stressed if you are prepared. Now is the time to start organizing all documents required to file your tax return.
Like the old paraphrased saying goes: In this world, two things are certain—death and taxes. The recent federal tax overhaul changed a lot of rules, so it’s as important as ever to understand your tax obligations, including those on Social Security benefits.
As we close in on another year, we want to take the time to thank each and every one of our clients for your loyalty to not only our firm, but to our team of unique individuals. We like to believe that we are all more than just advisors and clients, but friends...some might even say family. So, from our crew to yours, we wish you and your entire staff and family a very healthy, safe and prosperous holiday season.