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© 2016 Wealth Management Financial Advisors, Inc. All rights reserved.

 

Blog Series

June 25, 2016

Your chances of being audited or otherwise hearing from the IRS escalate depending upon various factors, including your income level, the types of deductions or losses claimed, the business in which you're engaged and whether you own foreign assets.
 
1. Filing a Schedule C
Business income and expenses triples your odds of being audited. Not surprising when you consider that Schedule C filers are estimated to report only 57% of their income, totaling roughly $68 billion in unpaid taxes each year, acc...

June 24, 2016

The financial risk of commingling and why it is a bad idea to commingle business and personal funds.


When you commingle your funds, you are treating your business funds as your personal money, whether buying or selling.
 
Some of the most common ways to commingle are:

  • Transferring money between business and personal accounts without documentation.

  • Writing business checks for personal reasons/expenses, and vice versa.

  • Having only one bank account for personal and business needs.

  • Depo...

June 23, 2016

If you want to get out of debt and build wealth, all you ever need to do is spend less than you earn.

June 21, 2016

It seems like we just said good-bye to 2015 and just like that, June 2016 is almost gone too! That means that very soon, almost 50% of 2016 will be history and we need to start focusing on the remaining 50% now.

Why all these percentages...you may ask?  I’m sure many of you have made some sort of financial resolution for 2016 and if you are among the 20% who has NOT quit by now, this may give you a few ideas and inspiration to accomplish your financial rights.

  • Debt Is The Biggest Obstacle Towards A...

June 19, 2016

Summer is here and Dominique DiPrima with KJLH Front Page & some listeners is leaving today to visit Ghana. They will be welcomed by my best friend Dawn Sutherland, the American unofficial ambassador to Kumasi!

Lots of great images, a few obsessions & interesting art & food.

June 17, 2016

Honesty/Integrity, Gratitude, Passion, Never Giving Up, Confidence, Boundaries, Expectations, Identity, Security, Imagination, Pride, Truth,Values, Culture
#thursdaywisdom #motivation #wmfa #SmartMoneyRules #Dominique #ThursdayThoughts #LetsTalkMoney

June 14, 2016

WMFA calling individuals & business to made progress with their #1 asset #‎mondaywisdom‬ ‪#‎motivation‬ ‪#‎wmfa‬ ‪#‎SmartMoneyRules‬ ‪#‎Dominique‬

June 10, 2016

“I am not brave enough to not pay my income tax and risk going to jail. But I can say rather freely what I want to say with my art” Corita Kent

June 9, 2016

I'm only human,
I bleed when I fall down, I'm only human
I crash and I break down
I'm only human
I can take so much
Cause I'm only human
by Christina Perri

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Ask Marie: That Could Trigger an IRS Audit?

June 25, 2016

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