Archive for July 2017

How Long Should You Keep Your Records and Tax Return

A common question around the office involves records retention. Many people think they need to keep their tax returns for seven years, others think it is three; both are wrong. Tax returns are not the only records you need to consider when building a record retention policy in your business and personal life. Some items…

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Change Nothing

Imagine you had a time machine. You could go back in time and change anything you wanted. A past mistake could be erased, a missed opportunity taken, a relationship saved. If I had such a time machine I would change nothing. I would leave everything exactly as it happened, including all the regrets. A popular…

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How Actively Managed Funds Legally Lie about Performance

I’m going to start an investment company. Actually, I’m going to start a whole bunch of’em. Anyone interested in throwing in with the Wealthy Accountant? Read on if you think I am a good investment risk. As an accountant I don’t want to leave anything to chance. People invest in firms with proven track records…

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Laziness Made Me Rich

BOOM! BOOOOOOOM! SKREEEEEE! Yeah, we just had July 4th here in the states, so did you. The only difference if you live in a country outside the U.S. is we celebrated our Independence Day. Lots of fireworks were involved. It’s not a one night affair either. Some cites shoot off fireworks a few days early…

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The Fastest Way to Grow Your Net Worth

Ever since I disclosed my net worth broke eight figures strange emails have been coming in. Another milestone was passed without fanfare. Past experience had me used to the lack of excitement financial milestones caused. A theme among many emails revolved around my rate of return. I never really thought of it that way. It…

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