Tom Wheelwright
Tom's latest writings
The Three (3) Pillars of Financial Health
This is all about the foundation of financial success: wealth strategy. My key purpose here is to draw a clear, unmistakable distinction between wealth strategy and what usually passes for "financial planning." To be blunt, conventional financial planning is based on a scarcity mentality. Professional financial planners will ask you what is the minimum you can retire on. They will help you list all the expenses... (posted by Tom 4 years 62 days ago.)
This is all about the foundation of financial success: wealth strategy. My key purpose here is to draw a clear, unmistakable distinction between wealth strategy and what usually passes for "financial planning." To be blunt, conventional financial planning is based on a scarcity mentality. Professional financial planners will ask you what is the minimum you can retire on. They will help you list all the expenses... (posted by Tom 4 years 62 days ago.)
How Should Your LLC be Taxed?
The Limited Liability Company (LLC) is a terrific tax entity. The number one reason is its flexibility. Specifically, an LLC can be taxed as: - a sole proprietorship - a partnership - a C corporation - an S corporation Do you know how your LLC is taxed? If your LLC did not make an election, then it is taxed as the default classification. The default classifications are: If your LLC has one member (owner), then it is... (posted by Tom 4 years 74 days ago.)
The Limited Liability Company (LLC) is a terrific tax entity. The number one reason is its flexibility. Specifically, an LLC can be taxed as: - a sole proprietorship - a partnership - a C corporation - an S corporation Do you know how your LLC is taxed? If your LLC did not make an election, then it is taxed as the default classification. The default classifications are: If your LLC has one member (owner), then it is... (posted by Tom 4 years 74 days ago.)
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