Tax Planning

How To Get Unstuck

“Do you control your business or does your business control you?” That’s a great question whether you’re an entrepreneur or executive. Freedom comes as a result of controlling your business or career in a way that keeps you excited about going to work each day.  Or your freedom might come from selling the business or…

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The Law of Diminishing Return

The Law of Diminishing Return in essence states that too much of something (even a good thing) will eventually lead to reduced production.  Something we recognize more easily in others than we do in ourselves. Over the years, I’ve met with too many business owners who reach a point in their businesses where they can…

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When Success Leads to More 

You may not feel wealthy but you are successful. From a money standpoint, once you have accumulated over one million dollars in net worth you are among the three out of one hundred Americans who have achieved such financial success. Being in this exclusive group of Americans was not a mistake and didn’t happen by…

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Do You Have A Good Answer to These Questions?

Perhaps you’ve been told, “You’re fine. You’re all set.” These are easy words to say that should be backed by proof.  You should feel and know you’re on track not because someone said you are… because you know you are. More important than what others say you should feel about your present and future is…

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Deducting a Car Donation

At Boomfish Wealth Group, we work with affluent families to avoid the deeply troubling regrets that often come with having wealth. Wealthy individuals and families often have the desire to give back but are unsure of how to do so. They want to make a meaningful impact on the causes they care deeply about, but…

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What the fiscal cliff deal means for you

For much of 2012, the fiscal cliff—and the possible changes it could bring—was on nearly every American’s mind. You’re probably wondering what the fiscal cliff deal means for you and your finances. A recent article in Forbes gives a helpful run-down of the changes that the deal brought, which include the following: Individual Tax Rates:…

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The Fiscal Cliff and Me…Who Cares?

We should all care, but for all the reasons the media doesn’t talk about. The tax outcome will be what it is and affect all of us according to our particular financial situation. How many of us have the authority to do anything about the decision being made? None of us, really. So I like…

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Why taxes aren't the real wealth villian

Why taxes aren’t the real wealth villain The looming fiscal cliff is a minute to minute discussion flooding the media it seems.  At the center of the issue for the affluent is the estate tax, (death tax) burden. CNBC recently wrote about just how significant that burden is in the wallets of the affluent. I…

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