11 Jul 2018
0

(#354) Strike 3: The USA’s Day of Reckoning

Roger Rossmeisl, CPA
Economic Concepts

As posted to the GoldSilver YouTube Channel on 10/5/16 In Episode 7 of Hidden Secrets of Money, Mike Maloney glimpses into the near future to show you how fast the U.S. dollar and economy could collapse. You’ll learn about the velocity of currency, a concept economists try to complicate but is actually quite simple when you realize it has more to do with psychology than numbers. You’ll also see all the potential moves the Federal Reserve will attempt to prevent disaster and how they will all fail. Mike also takes you back to the 1920s to show you the astonishing parallels to today and what life could be like in the years ahead. He is joined by Jim Rickards and Rick Rule who provide further insights into the bond...

11 Jul 2018
0

(#353) Save Tax by Saving Energy

Roger Rossmeisl, CPA
Taxes

“Going green” at home — whether it’s your principal residence or a second home — can reduce your tax bill in addition to your energy bill, all while helping the environment, too. The catch is that, to reap all three benefits, you need to buy and install certain types of renewable energy equipment in the home. Invest in green and save green For 2018 and 2019, you may be eligible for a tax credit of 30% of expenditures (including costs for site preparation, assembly, installation, piping, and wiring) for installing the following types of renewable energy equipment: Qualified solar electricity generating equipment and solar water heating equipment, Qualified wind energy equipment, Qualified geothermal heat pump equipment, and Qualified fuel cell electricity generating equipment (limited to $500 for...

11 Jul 2018
0

(#352) Do You Know the ABCs of HSAs, FSAs and HRAs?

Roger Rossmeisl, CPA
Taxes

There continues to be much uncertainty about the Affordable Care Act and how such uncertainty will impact health care costs. So it’s critical to leverage all tax-advantaged ways to fund these expenses, including HSAs, FSAs and HRAs. Here’s how to make sense of this alphabet soup of health care accounts. HSAs If you’re covered by a qualified high-deductible health plan (HDHP), you can contribute pretax income to an employer-sponsored Health Savings Account — or make deductible contributions to an HSA you set up yourself — up to $3,450 for self-only coverage and $6,900 for family coverage for 2018. Plus, if you’re age 55 or older, you may contribute an additional $1,000. You own the account, which can bear interest or be invested, growing tax-deferred similar to an IRA....

11 Jul 2018
0

(#351) “The Crash Course” Chapter 9: A Brief History of US Money

Roger Rossmeisl, CPA
Economic Concepts

As  posted on the Peak Prosperity.com and the Chris Martenson's Peak Prosperity YouTube Channel Background The Crash Course has provided millions of viewers with the context for the massive changes now underway, as economic growth as we've known it is ending due to depleting resources.  But it also offers real hope. Those individuals who take informed action today, while we still have time, can lower their exposure to these coming trends -- and even discover a better way of life in the process. In this Blog, I am presenting the 27 (inclusive of the introduction) installments of The Crash Course, one per week. Previous installments of "The Crash Course" can be found here: Blog (#311) Introducing "The Crash Course" Blog (#314) Chapter 1: Three Beliefs Blog (#319) Chapter 2: "The Three 'Es'" Blog...

11 Jul 2018
0

(#349) Maximizing the Life of Your EV Battery Pack

Roger Rossmeisl, CPA
Technology

As  posted on the Tech Forum You Tube Channel on 7/7/18 I bought an electric vehicle back in January 2018 and found that nobody at the manufacturer (retail store, service center, phone support) could answer the question of what the best way to charge the battery is to maximize it's life.  In this clip, Tech Forum discuss the basics of charge/discharge cycling of lithium batteries....

10 Jul 2018
0

(#348) Does Your Business Have to Begin Collecting Sales Tax on All Out-of-State Online Sales?

Roger Rossmeisl, CPA
Taxes

You’ve probably heard about the recent U.S. Supreme Court decision allowing state and local governments to impose sales taxes on more out-of-state online sales. The ruling in South Dakota v. Wayfair, Inc. is welcome news for brick-and-mortar retailers, who felt previous rulings gave an unfair advantage to their online competitors. And state and local governments are pleased to potentially be able to collect more sales tax. But for businesses with out-of-state online sales that haven’t had to collect sales tax from out-of-state customers in the past, the decision brings many questions and concerns. What the requirements used to be Even before Wayfair, a state could require an out-of-state business to collect sales tax from its residents on online sales if the business had a “substantial nexus” —...

10 Jul 2018
0

(#347) “The Crash Course” Chapter 8: Money Creation – The Fed

Roger Rossmeisl, CPA
Economic Concepts

As  posted on the Peak Prosperity.com and the Chris Martenson's Peak Prosperity YouTube Channel Background The Crash Course has provided millions of viewers with the context for the massive changes now underway, as economic growth as we've known it is ending due to depleting resources.  But it also offers real hope. Those individuals who take informed action today, while we still have time, can lower their exposure to these coming trends -- and even discover a better way of life in the process. In this Blog, I am presenting the 27 (inclusive of the introduction) installments of The Crash Course, one per week. Previous installments of "The Crash Course" can be found here: Blog (#311) Introducing "The Crash Course" Blog (#314) Chapter 1: Three Beliefs Blog (#319) Chapter 2: "The Three 'Es'" Blog...

02 Jul 2018
0

(#345) Choosing the Best Business Entity Structure Post-TCJA

Roger Rossmeisl, CPA
Taxes

For tax years beginning in 2018 and beyond, the Tax Cuts and Jobs Act (TCJA) created a flat 21% federal income tax rate for C corporations. Under prior law, C corporations were taxed at rates as high as 35%. The TCJA also reduced individual income tax rates, which apply to sole proprietorships and pass-through entities, including partnerships, S corporations, and, typically, limited liability companies (LLCs). The top rate, however, dropped only slightly, from 39.6% to 37%. On the surface, that may make choosing C corporation structure seem like a no-brainer. But there are many other considerations involved. Conventional wisdom Under prior tax law, conventional wisdom was that most small businesses should be set up as sole proprietorships or pass-through entities to avoid the double taxation of C corporations:...

ROGER ROSSMEISL, CPA

Kho & Patel CPAs
160 E. Arrow Highway
San Dimas, CA 91773

(714) 325-0442
roger@khopatel.com

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