In Defense of Accountants- What Financial Gravity Learned This Tax Season

[et_pb_section bb_built=”1″ next_background_color=”#000000″][et_pb_row][et_pb_column type=”4_4″][et_pb_text] Those of you who have followed my years-long “adventure/nightmare/bad romance” with the accounting profession know that I’m not especially fond of this industry. In fact, most accountants who have encountered me would characterize my attitude as aggressively…, uhhh BAD. And really, who can blame them? I’ve built an entire business around […]

TAX TUNE UP 017: For the Love of Art

Rich art collectors donate art to avoid tax on capital gains and receive major tax deductions from their private collections. Even though your art collection at home may be small, you can still take advantage of the same tax planning strategies that major collectors use.

Fat Man. Red Suit.

[et_pb_section bb_built=”1″ next_background_color=”#000000″][et_pb_row][et_pb_column type=”4_4″][et_pb_text] We first published this piece back in 2007. Since then, a lot has changed. (My daughter who was seven years old back then is now applying to colleges and my son who was two is now as tall as I am!) But some things remain eternal. Like the joy in a […]

Hate to Sell? Try This (Part Two)

[et_pb_section bb_built=”1″ next_background_color=”#000000″][et_pb_row][et_pb_column type=”4_4″][et_pb_text] Last time we met, we talked about how many TaxCoach members hate to sell. We walked through some of the reasons why tax business owners hate it (because they associate it with used car salesmen). And we discussed two ways to take selling out of that realm. First, realize that, unlike […]

Hate to Sell? Try This (Part One)

[et_pb_section bb_built=”1″ next_background_color=”#000000″][et_pb_row][et_pb_column type=”4_4″][et_pb_text] Most TaxCoach members didn’t become tax professionals because they wanted to “sell.” Then they got out in the real world and discovered that selling is an essential part of building your business and building your brand. But deep down, many still feel uncomfortable with the very concept of “selling” and the […]

Management Lessons from Queen Elsa

[et_pb_section bb_built=”1″ next_background_color=”#000000″][et_pb_row][et_pb_column type=”4_4″][et_pb_text] If you’ve got little kids, or maybe grandchildren, you see a lot of Disney movies. In 2013, it was Frozen, an animated retelling of Hans Christian Anderson’s fairy tale, “The Snow Queen.” One of that film’s highlights was Queen Elsa, voiced by pop star Idina Menzel, singing “Let it Go.”

Ed Lyon on “Investing Sense” Radio

[et_pb_section bb_built=”1″ next_background_color=”#000000″][et_pb_row][et_pb_column type=”4_4″][et_pb_text] Here at TaxCoach, we’re busy today hosting our annual Masterminding Conference. We’ll be eager to share success stories with you after we wrap up Friday afternoon.

TAX TUNE UP 016: A Match Made in Dallas

When Greg Blatt moved from New York to Texas and back again, he was ordered to pay $430,065 in taxes, plus interest and fees. However, thanks to his new dog, he won his petition for refund of that money.

Random Thoughts On Pricing

[et_pb_section bb_built=”1″ next_background_color=”#000000″][et_pb_row][et_pb_column type=”4_4″][et_pb_text] Here in the business world, some of us love to use the sort of annoying, pretentious, and useless corporate jargon that drives normal people nuts. We reach out to new customers, onboard them, and circle back to touch base with them. We drink the Kool-aid, think outside the box, identify core […]

TAX TUNE UP 015: $50 Million, Hut!

College football coaches make more than anyone else in academia, but the linebackers at the IRS want to intercept forty percent of that. At least one coach has devised a play to weave around them and come out on top when it really matters, after taxes.