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Vast Voice produced by VastSolutionsGroup.comEmploying your spouse WILL save you MONEY!Hiring your spouse to work as an employee in your business can save you big on taxes. The savings can be particularly great if you are a sole proprietor or have a single-member LLC taxed as a sole proprietorship or as a partnership (as long as your spouse is not a partner).But this arrangement can backfire if you don’t do it the right way. Here are five key things to know about employing your spouse.1. Pay Your Spouse Tax-Free Employee Benefits, Not Taxable Wages2. Establish a Medical Reimbursement Arrangement3. Ta...2022-05-2608 minVast Voice produced by VastSolutionsGroup.comTax Free Crypto - NICE!You can sum up the appeal of a Roth IRA in three words: federal tax benefit. Add on top of that the new potential of huge earnings in cryptocurrency and you have a powerful combination. Earnings in a Roth IRA grow tax free as long as the owner abides by the Internal Revenue Service (I.R.S.) rules, and withdrawals are federally tax free once you reach age 59½ and have held the Roth IRA for at least five years.1Unfortunately, some people make too much money to contribute to one. In 2021, joint filers with modified adjusted gross i...2022-03-1707 minVast Voice produced by VastSolutionsGroup.comLooking for $100?If you email Deb@VastSolutionsGroup.com and are the first to do so, you will get $100 with no strings attached. Put "Anchor Offer" in the subject line of the email. We want to do some research on the reach of Anchor.fm. Good luck.2022-03-1000 min
Vast Voice produced by VastSolutionsGroup.com2022 Top 5 Tax TipsIt is time to strategize ways to lower tax liability and one good way is to look at the top 5 tax tips!2022-03-0304 minVast Voice produced by VastSolutionsGroup.comA Crypto and Blockchain Q&AYears ago when I started investing in cryptocurrency I had seemingly millions of questions about it. Back then, there was nobody to turn to. It was the wild, wild west. People thought I was crazy for investing in virtual money that probably was going to go away like a ridiculous fad. Well, here we are years later and the same people who ridiculed me back then are asking me questions as they start to invest in crypto, NFTs, and the blockchain. Funny how things change. Anyway, I have compiled this list of questions and answers to make it easier to...2022-02-1714 minVast Voice produced by VastSolutionsGroup.comNeed Money for a Business? Use your 401(k) MoneyIn today’s world it is tougher and tougher to find money to start businesses. One way you could do so in 2022 is to use your retirement assets. Yes, you can fund a business with your IRA dough.While most people are aware of the option of using their 401(k) to purchase a home, most are not aware that the option exists to use their 401(k) to fund a business. Let’s look at how you can do that.Here is the process to set it up: Set-up a C Corporation. You...2022-02-1005 minVast Voice produced by VastSolutionsGroup.comWhat is a Blockchain Token? We have answersPeople are just becoming acquainted with the idea of digital money in the form of cryptocurrencies like bitcoin, where transactions are recorded on a secure distributed database called a blockchain. And now along comes a new concept: the blockchain-based token, which I’ve been following as a blockchain researcher and teacher of courses about cryptocurrency and blockchain tokens.In the last 18 months, digital developers have raised more than US$20 billion through a funding process called “initial coin offering” – many of which use tokens. There are two common categories of them: “utility” tokens and “security” tokens.Utility tokensUtility tokens are essentially cryptocurrencies...2022-02-0307 minVast Voice produced by VastSolutionsGroup.comShould you invest in crypto (and get rich)?To answer: Question #1: Bitcoin or Cryptos?The first question you should ask yourself is whether you want to invest in bitcoin directly or cryptos as an asset class? Did you know that there are over 2,000 cryptocurrencies besides bitcoin?Question #2: What About Inflation?When you invest in bitcoin or any other currency or commodity – including gold, oil or pork bellies – you are investing on the prospects of price appreciation alone. More specifically, you are investing on the prospects of the price of bitcoin rising relative to the U.S. dollar. And while the r...2022-01-2712 minVast Voice produced by VastSolutionsGroup.comCrypto liquidity, buying, selling and making money!Liquidity of CryptoThink about it - the Bitcoin system is capped at 21 million coins. Currently, there are roughly 18 million or so Bitcoin in circulation. What does that all mean? Lots. There is a lot of speculation about what will happen to the value when the 21 million-Bitcoin limit is reached, however this won’t happen until around the year 2140.In general, the US stock market is very liquid. You can quickly sell most stocks, bonds, or mutual fund shares at the going rate without concern. There’s always someone willing to buy from you or sell to you, provided the price is r...2022-01-2012 minVast Voice produced by VastSolutionsGroup.comLive outside of US borders now? You still have to deal with the IRS. Sorry.Out of the Country? Pay Tax!Income Tax Requirements When Living Out of the CountryLiving in a foreign country holds a lot of appeal. It gives an exotic impression and seems like a never-ending vacation. But it doesn’t matter where you go, because the US government still expects you to file a tax return and pay taxes. This is true even if you become a citizen of the other country and live there full time.The United States might be the only country in the world that does this.If...2022-01-1306 minVast Voice produced by VastSolutionsGroup.comCryptocurrency and the Myths About All of ThemCommon (Totally Wrong) Myths About Cryptocurrencies! As with any other fringe product or service, there are many myths surrounding cryptocurrencies. Cryptocurrencies aren’t just for computer geeks and drug dealers trying to avoid the government. Relieving yourself of these myths will permit the formulation of a more accurate opinion. It’s easier to make informed decisions when your knowledge is sound.Myths regarding cryptocurrencies abound:Cryptocurrency is illegal. It depends on the country. It’s legal in the United States, but there are other countries, such as Russia, that have deemed it illegal. It’s unlikely the legal status will change a...2022-01-0607 minVast Voice produced by VastSolutionsGroup.comNFTs, Blockchain, and how to make money from them!Keys and blocksCryptography is the technique used to protect privacy of a message by transforming it into a form that can be understood only by the intended recipients. Everyone else will see it as only an unintelligible sequence of random characters. This message manipulation is enabled by a pair of keys, public and private keys: You share your public key with your friend, who uses it to transform his message to you into an unintelligible sequence of random characters. You then use your private key to put it back into its original form.The special mathematical properties of these two...2021-12-2313 minVast Voice produced by VastSolutionsGroup.comCryptocurrency (Tax) Questions & Answers!The IRS’ take on Cryptocurrency, or as the Service calls it, "Virtual Currency" is becoming more and more essential to investing and holding the assets. Why? Virtual currency transactions are taxable by law just like transactions in any other property. Taxpayers transacting in virtual currency may have to report thosetransactions on their tax returns. WHAT IS VIRTUAL CURRENCY? Virtual currency is a digital representation of value thatfunctions as a medium of exchange, a unit of account, and/or a store of value. In some environments, it operateslike “real” currency (i.e., the coin and paper money of the United States or of any...2021-12-1611 minVast Voice produced by VastSolutionsGroup.comCrypto’s Advantages and DisadvantagesCrypto is a unique currency. It’s completely virtual. Crypto isunsupported by any central bank or other authority. It’s notthe official currency of any country. Yet all of these are bothadvantages and disadvantages. Whether or not crypto is anadvantage for you is dependent on your situation.Crypto have several advantages over conventionalcurrency:1. Crypto can’t be physically stolen, generally. There isnothing physical to steal. In theory, however, someonecould force you at gunpoint to send your cryptos tosomeone else.2. It’s possible to avoid taxes. The onus is on the taxpayerto be honest about crypto transactions. There are manydisagreements regarding the gove...2021-12-0908 minVast Voice produced by VastSolutionsGroup.comNon Qualified Plans 101 (These plans can make you WEALTHY)A nonqualified deferred compensation (NQDC) plan is an elective or non-elective plan, agreement, method, or arrangement between an employer and an employee (or service recipient and service provider) to pay the employee or independent contractor compensation in the future. In comparison with qualified plans, NQDC plans do not provide employers and employees with the tax benefits associated with qualified plans because NQDC plans do not satisfy all of the requirements of IRC § 401(a).Under a nonqualified plan, employers generally only deduct expenses when income is recognized by the employee or service provider. In contrast, under a qualified p...2021-12-0208 minVast Voice produced by VastSolutionsGroup.comThe History of Cryptocurrency: An Essential GuideCryptocurrency (now termed “Crypto”) is a digital monetary system. Instead of “dollars,” the unit of currency is referredto as a “Bitcoin.” Like traditional money, cryptos can be used to store and transfer value among other crypto users withinthe crypto community. Bitcoin is considered a cryptocurrency. The currency utilizes blockchain technologyand cryptography for management and creation of the currency. There is a crypto protocol, which resides primarily on theinternet. It’s possible to utilize the protocol on your smartphone, computer, tablet, and other computing devices.It’s easily accessib...2021-12-0209 minVast Voice produced by VastSolutionsGroup.comEnd of the Year Financial Essentials!The end of the year provides an ideal opportunity to reflect on the status of your personal finances and review your evolving goals and objectives for the year ahead. Below are seven things you MUST do to be prepared for a fun New Year’s Eve: Get Organized. Pull together all of your important papers, including any wills, trusts, life insurance policies, homeowners insurance, and other pertinent financial records. Prepare a Tax Strategy. Begin to gather tax information and arrange a time to meet with your accountant, if necessary. It is important to file income taxes on time. Pa...2021-11-1804 minVast Voice produced by VastSolutionsGroup.comDo a Roth IRA — and add Crypto!You can sum up the appeal of a Roth IRA in three words: federal tax benefit. Add on top of that the new potential of huge earnings in cryptocurrency and you have a powerful combination. Earnings in a Roth IRA grow tax free as long as the owner abides by the Internal Revenue Service (I.R.S.) rules, and withdrawals are federally tax free once you reach age 59½ and have held the Roth IRA for at least five years.1Unfortunately, some people make too much money to contribute to one. In 2021, joint filers with modified adjusted gross i...2021-11-1107 minVast Voice produced by VastSolutionsGroup.comThe One Crypto Tax Strategy to Know!Because cryptocurrencies are classified as “property” rather than as securities, the wash-sale rule does not apply if you sell a cryptocurrency holding for a loss and acquire the same cryptocurrency before or after the loss sale.You just have a garden-variety short-term or long-term capital loss depending on your holding period. No wash-sale rule worries.This favorable federal income tax treatment is consistent with the long-standing treatment of foreign currency losses.That’s a good thing, because folks who actively trade cryptocurrencies know that prices are volatile. And this volatility gives you two opport...2021-11-0406 minVast Voice produced by VastSolutionsGroup.comA crypto 401(k) might be the right solution for you!Have you procrastinated about setting up a tax-advantaged retirement plan for your small business? If the answer is yes, you are not alone. Many self employed small business owners are rushing to do the same. With the fact that 401(k) assets can now be invested in cryptocurrency they are hot right now.For owners of profitable one-person business operations, a relatively new retirement plan alternative is the solo 401(k). They provide the potential for retirement growth and tax mitigation.The main solo 401(k) advantage is potentially much larger annual deductible contributions to the owner’s account — that is, your account. Good!New...2021-10-2907 minVast Voice produced by VastSolutionsGroup.comThere ARE other Cryptocurrencies besides Bitcoin!Everyone has heard of Bitcoin, even if they don’t fully understand it. There are numerous other cryptocurrencies besides Bitcoin. There are seemingly hundreds of cryptocurrencies, and most of these were released in the last couple of years. Coinmarketcap.com lists 100 cryptocurrencies. Many experts believe the numbers will continue to climb. In fact, with creator coins now available the space could increase by the thousands soon.Bitcoin has a considerable head start on the other offerings. Several cryptocurrencies are slight variations on the Bitcoin platform and may be more attractive to conventional financial institutions....2021-10-2207 minVast Voice produced by VastSolutionsGroup.com2021 IRS Top 10 Tax TipsPeople think April 15th is Tax Time but actually if you get things organized at that time it is too late. Get ready now — June, July, August. Tax laws can be confusing, leaving many unsure of what they may deduct and how they should file. However, according to the Internal Revenue Service (IRS), the process can be simpler than you may think if you attack it the right way.2021-08-1907 minVast Voice produced by VastSolutionsGroup.comWhat is an IRA?On today's episode, we are joined by Kenner French, CIO of VastHoldingsGroup.com and executive at VastSolutionsGroup.com.Join us, as Kenner explains IRA's plus the advantages of having them.The known definition of IRA's are individual retirement accounts (IRA) which are tax-advantaged accounts that individuals use to save and invest for retirement.Are you maximizing your retirement potential? As always, one of Kenner's top recommendations are for entrepreneurs to schedule consultations with their tax and financial advisors quarterly in order to maximize their tax savings. This includes looking at their qualified plans.2021-08-0509 minVast Voice produced by VastSolutionsGroup.comStrategies to Help Lower Tax Liability for Entrepreneurs NOWOn today's episode, we are joined by Kenner French, CIO of VastHoldingsGroup.com and executive at VastSolutionsGroup.com.Join us, as Kenner delves into some unique tax strategies that can be utilized to lower tax liability for entrepreneurs.Whether you are an established entrepreneur or starting a side hustle to supplement your income. As always, one of Kenner's top recommendations are for entrepreneurs to schedule consultations with their tax and financial advisors quarterly in order to maximize their tax savings. If you have any questions on this podcast or just questions in general. Please reach us at:VastSolutionsGroup.comPhone: (888) 808-8278 Ex...2021-07-2919 minVast Voice produced by VastSolutionsGroup.comFive Easy Essential Tax Tips for EntrepreneursOn today's episode, we are joined by Kenner French, CIO of VastHoldingsGroup.com and executive at VastSolutionsGroup.com.Join us, as Kenner outlines Five Easy Essential Tax Tips for Entrepreneurs. 1) Tax Harvesting2) Using Long Term Capital Gains vs short term capital gains3) IRA contributions4) Using backdoor Roth IRAs5) Qualified plansOne of Kenner's top recommendations are for entrepreneurs to schedule consultations with their tax and financial advisors quarterly in order to maximize their tax savings.If you have any questions on this podcast or just questions in general. Please reach us at:VastSolutionsGroup.comPhone: (888) 808-8278 Extension: 701Email: admin@vastsolutionsgroup.comMonday-Thursday 8:00 AM – 5:00 PM...2021-07-2215 minVast Voice produced by VastSolutionsGroup.comTop Tax Savings Tips for EntrepreneursOn today's episode, we are joined by Kenner French, CIO of VastHoldingsGroup.com and executive at VastSolutionsGroup.com.Join us on this podcast, as Kenner outlines the top tax tips that has helped VastSolutionsGroup.com save their clients a wealth of taxes for their businesses.We will touch upon:5) Qualified retirement plans - 401(k)s4) 831(b)3) Roth IRA Conversions2) 453(a)1) R&D Tax CreditsIf you have any questions or would like a complimentary...2021-07-1519 minVast Voice produced by VastSolutionsGroup.comNews for New Business Owners: A Lawyer's PodcastOn today's episode, we are joined by Kenner French, CIO of VastHoldingsGroup.com and executive at VastSolutionsGroup.com and Asset protection attorney Robert “Bob” Bluhm of the Asset Defense Team.Join us as Attorney Bob Bluhm explains how to use legal entities to reduce liability and lower the risk of being sued, with a brief introduction to entities and their meanings. If you have any questions on this podcast or just questions in general. Please reach us at:VastSolutionsGroup.comPhone: (888) 808-8278 Extension: 701Email...2021-07-0824 minVast Voice produced by VastSolutionsGroup.comCryptocurrency and the IRSSo much confusion about cryptocurrency and how the IRS judges it. This podcast outlines some of the specifics surrounding the cryptocurrency world which is becoming so popular and appears to be mainstream with the IRS will help investors tremendously. This was the first podcast of its kind on the green room platform to be live and include tax issues.2021-07-0106 minVast Voice produced by VastSolutionsGroup.comHave questions about your S-Corp Salary? Answers are here!The IRS has given little guidance about the “right” amount of S corp salary. This episode provides some guidance.2021-04-1504 minVast Voice produced by VastSolutionsGroup.comWills 101Everyone with property or children should have a will. It is especially important if you have children, since a will can provide instruction of your wishes regarding who will take care of your children.A will must meet several requirements in order to be considered legally valid: There must be testamentary intent. This is fancy way of saying that the will was created with the intention of acting as a will and this fact is understood by the testator. The testator is required to have testamentary capacity at the time of signing the will. That...2021-04-0807 minVast Voice produced by VastSolutionsGroup.comSeven Steps to Organizing Finances for the Entrepreneur7 Steps to Organizing Your FinancesYou might not consider yourself to be an organized person, but your finances are the last place you want to be disorganized. Having too little cash at the end of the month is a challenge, but overdraft fees and late fees every month are an even bigger concern. By getting organized you dramatically cut down on the likelihood of these things happening.Follow these steps and you'll be more organized that you ever thought you could be: Look at your budget every month. Ensure that your budget is accurate...2021-04-0107 minVast Voice produced by VastSolutionsGroup.comCustom warranty programsIn today’s ever changing environment, it’s important for any successful business to develop a competitive advantage in the marketplace and mitigate the risks that come along with day-to-day operations. Customers are looking for added benefits when choosing a product and, with the amount of competition in the marketplace, customer retention is becoming increasingly difficult. Custom warranty programs were created with these things in mind. They are warranty programs modeled after those used in other industries and applied to any specific product a business offers.There are several warranty programs currently being utilized by businesses today, howe...2021-03-2506 minVast Voice produced by VastSolutionsGroup.comTravel related deductible business expensesWhen traveling for business related purposes, the majority of your expenses are deductible. Costs ranging from your plane ticket, a portion of your meals, lodging and even entertainment are tax deductible.2021-03-1806 minVast Voice produced by VastSolutionsGroup.comTax Deductible Home Office DeductionsIn addition to receiving a tax deduction for the portion of your home expenses that applies to your home office, these expenses for your home office are also tax deductible:1. Phone. In order to write off your phone expenses, you'll need to separate your home line from your business line. If you're seeking a landline phone, you can score a deal for about $30 per month. However, you can also get a second line for your cell phone in order to offer you more flexibility as to when and where you take business calls.• An affordable al...2021-03-1105 minVast Voice produced by VastSolutionsGroup.comTen Retirement Plan Errors - Don’t make them!!Don’t be the Entrepreneur who makes these mistakes that seemingly everyone makes. Listen to this podcast to learn how to not make the same mistakes that so many entrepreneurs make in there entrepreneurial journey.2021-03-0406 minVast Voice produced by VastSolutionsGroup.comEstate Planning 101: Time to learn about the thing you keep putting off!!Estate planning is the thing that people have heard of but really do not know what it is. Is it law, legal, finance, etc? Well, it is all those things and more. This podcast will provide the basics and essentials of estate planning so you have a foundational knowledge of the very important topic.2021-02-2509 minVast Voice produced by VastSolutionsGroup.comAdvantages of being an EntrepreneurEntrepreneurs have it good and have it bad. People in many ways do not realize that the good far outweighs the bad - by a long shot. Listen to this podcast to learn more.2021-02-1804 minVast Voice produced by VastSolutionsGroup.comCalling Entrepreneurs who Want lower Risk and lower Taxes. Listen up!With the consistent year over year growth of data breaches, it’s becoming more important for successful businesses to develop a comprehensive Enterprise Risk Management (ERM) program that provides the capital and tools needed to mitigate the enormous cost of a breach. An effective ERM program can mitigate your data breach risk, address gaps in cyber insurance policies, and create a rainy day fund of tax-advantaged dollars to use in the event of a breach.2021-02-1108 minVast Voice produced by VastSolutionsGroup.comRetirement obstacles created by being an entrepreneurEntrepreneur2021-02-0406 minVast Voice produced by VastSolutionsGroup.comClubhouse and Free Tax Advice: YES!Do you want to get your tax questions answered by some leading tax experts for free, that’s free? Again, free? One extremely innovative way to do that is by joining the app Clubhouse that everyone is talking about. Join Clubhouse for free and have your tax questions answered for free. Not bad, huh?Clubhouse is a San Francisco-based social media app that was founded by Paul Davison and Rohan Seth in March 2020. As a matter of fact, one of my friends is an early investor. The app is voice-based where people can create or join voice chat rooms. These chat ro...2021-01-3105 minVast Voice produced by VastSolutionsGroup.comS Corp specificsSave tax money by starting an S Corp!2021-01-2816 minVast Voice produced by VastSolutionsGroup.comGet Started In Commercial Real EstateMany investors believe that all commercial real estate is too complicated for them. Another common belief is that you need a million dollars to get started. Neither is true. It’s possible to invest in commercial real estate with zero investing experience and an average salary. Commercial real estate can be a safer and easier investment than single family homes.Commercial real estate encompasses a wider range of properties than many beginning investors realize.Really, commercial real estate is not as daunting as people think. People really can make real money as an investor in com...2021-01-2807 minVast Voice produced by VastSolutionsGroup.comCaptives and 831(b)s: A Risk Reduction Strategy Second to NoneWith the consistent year over year growth of data breaches, it’s becoming more important for successful businesses to develop a comprehensive Enterprise Risk Management (ERM) program that provides the capital and tools needed to mitigate the enormous cost of a breach. An effective ERM program can mitigate your data breach risk, address gaps in cyber insurance policies, and create a rainy day fund of tax-advantaged dollars to use in the event of a breach.2021-01-2106 minVast Voice produced by VastSolutionsGroup.comThe Entrepreneur's Ultimate Tool Kit - Insurance Secrets (Twelve of a Twelve Part Series)As you consider the wide range of life insurance coverage available, you may wonder what type really fits your needs now, and what will suit your needs in the future. A good, first step is to ask yourself why you are buying insurance, and how it will fill your personal and family financial security requirements. Do you want insurance to cover a new home or mortgage? A college education? A business investment? Your retirement? Your final expenses? Once you have the answers, you can look at the basic types of coverage, whole life, universal life, and term.2021-01-1413 minVast Voice produced by VastSolutionsGroup.comThe Entrepreneur's Ultimate Tool Kit - Estate Planning Trusts (Eleven in Twelve Part Series)Many of us may perceive trusts as a complex subject better left to wealthy people. However, a trust is simply a contract initiated by a grantor who agrees to transfer assets to a beneficiary, who then receives the assets as stipulated in the trust contract. A trustee, who may also be the grantor, manages the trust assets and ensures the stipulated terms of the trust are faithfully executed.2021-01-0709 minVast Voice produced by VastSolutionsGroup.comThe Entrepreneur's Ultimate Tool Kit - Glossary of 401(k) Terms (Ten of Twelve Part Series)You new to the 401(k) world? You need to brush up on your qualified plan terms? You simply interested in learning a bit about all the terms involved with 401(k)s and other qualified plans? If so, this article is for you. Otherwise, move on. It could put you to sleep :).2020-12-1711 minVast Voice produced by VastSolutionsGroup.comThe Entrepreneur's Ultimate Tool Kit - Tax Deduction Reminders (Nine of a Twelve Part Series)Being a small-business owner isn’t easy. After all, balancing payroll, managing employees, drawing up marketing plans, and handling the bookkeeping can be stressful! Luckily, the Internal Revenue Service (I.R.S.) allows small-business owners to take some surprising deductions, which may help come tax time. Read on to learn more.2020-12-1006 minVast Voice produced by VastSolutionsGroup.comThe Entrepreneur's Ultimate Tool Kit - IRS Tax Tips (Eight of Twelve Part Series)Even with the best intentions, filing taxes often becomes an event that is put off until the very last minute. Tax laws can be confusing, leaving many unsure of what they may deduct and how they should file. However, according to the Internal Revenue Service (IRS), the process can be simpler than you may think.2020-12-0306 minVast Voice produced by VastSolutionsGroup.comThe Entrepreneur's Ultimate Tool Kit - Financial Planning (Seven of Twelve Part Series)If I am going to San Francisco to Los Angeles without a plan I may end up in Las Vegas. What happens if I need to be in LA for an important meeting? To see my son? Maybe to go to Disneyland with my family? I would miss out. Without a plan there could be issues. Same with retirement. If I do not plan I may just miss out. By missing out in retirement I may mean having to go back to work.2020-11-2605 minVast Voice produced by VastSolutionsGroup.comThe Entrepreneur's Ultimate Tool Kit - Financial Tips (Six of Twelve Part Series)Small businesses owners should conduct an annual assessment of their personal finances. Owners of small businesses have much the same concerns as everyone else, except they are personally responsible for the fortunes of their enterprise. In a sense, a small business is like a family. And these are important families in American economic life. After all, small business is vital to the U.S. economy, employing half of private-sector workers and creating two-thirds of net new jobs, according to federal data.2020-11-2007 minVast Voice produced by VastSolutionsGroup.comThe Entrepreneur's Ultimate Tool Kit - Smart (Cheap) Marketing Ideas (Five of Twelve Part Series)Marketing is a challenge when the amount of money your business can afford to spend on advertising and public relations is limited. But with a bit of creativity you may find you do not need a big marketing budget to build your company’s reputation and spread the word about your products and services.2020-11-1209 minVast Voice produced by VastSolutionsGroup.comThe Entrepreneur's Ultimate Tool Kit - Entrepreneurs CAN Implement AI (Four of Twelve)If an entrepreneur is not at least thinking about implementing artificial intelligence (AI) they will soon be looking to leave the entrepreneurial ranks soon. Implementing AI is almost as important as a business buying computers — it will be absolutely essential to a company’s success going forward. No doubt.2020-11-0506 minVast Voice produced by VastSolutionsGroup.comThe Entrepreneur's Ultimate Tool Kit - Business Entity Types (Three of Twelve)Here’s an overview of the four basic legal forms of ownership for small businesses: sole proprietorships, partnerships, corporations, and limited liability companies (LLCs).Sole ProprietorshipsThe vast majority of small businesses start out as sole proprietorships. These firms are owned by one person, usually the individual who has day-to-day responsibility for running the business. Sole proprietors own all the assets of the business and the profits generated by it. They also assume complete responsibility for any of its liabilities or debts. In the eyes of the law and the public, the owner is the bu...2020-10-2909 minVast Voice produced by VastSolutionsGroup.comThe Entrepreneur's Ultimate Tool Kit - A Roadmap (Two of Twelve)A Brief Entrepreneurial Roadmap to SuccessBeing an entrepreneur rules…but there are rules!Whether you’re planning to start a new business, trying to grow a fledgling business, or working to keep an already established enterprise competitive, your business plan is your “roadmap” toward success. And, since running a business is a little like embarking on a journey without a final destination, it may be necessary to consult, or even reconfigure, your map from time to time.2020-10-2205 minVast Voice produced by VastSolutionsGroup.comThe Entrepreneur's Ultimate Tool Kit - Hobby to Profit (Part One of Twelve)Get a Hobby, It Can Make You Rich…and save you taxes!Many people dream of turning their passionate pursuit into a money-making venture. Creating a successful and profitable business is seldom easy, but the Federal government offers tax incentives to business owners that could make converting an avocation into a business start-up an effective part of your overall tax planning strategy. If you are thinking about turning your hobby into a business, you would need to realistically appraise your chances of building a profitable enterprise before you declare yourself a business owner.2020-10-1507 minVast Voice produced by VastSolutionsGroup.comDo I Need a Financial Plan?If I am going to San Francisco to Los Angeles without a plan I may end up in Las Vegas. What happens if I need to be in LA for an important meeting? To see my son? Maybe to go to Disneyland with my family? I would miss out. Without a plan there could be issues. Same with retirement. If I do not plan I may just miss out. By missing out in retirement I may mean having to go back to work.Planning personal finances used to be the worry of the wealthy and their worry—usually pr...2020-10-0806 minVast Voice produced by VastSolutionsGroup.comGuaranteed Financing for Commercial Real Estate LoansSmall business owners seeking to purchase or renovate commercial real estate may want to consider the U.S. Small Business Administration’s (SBA) 504 Loan Program. This program provides long-term, fixed-rate financing for small businesses to acquire fixed assets, such as real estate or equipment, for expansion or modernization.2020-10-0104 minVast Voice produced by VastSolutionsGroup.comWill You Be Needed In The Future? Artificial Intelligence Answers!You will learn in twenty years if you are needed any longer. It is expected in year 2040 that a computer’s action will be indistinguishable from that of a human. Think about that. You could be emailing in the year 2040 and truly not know who or what is on the other end. Scary.2020-09-2406 minVast Voice produced by VastSolutionsGroup.comEntrepreneur, You Need Business InsuranceSince you never know when a disaster may strike causing severe damage and disruption to your business operations, it is important to expect the unexpected and manage your risks accordingly. For that reason, business insurance should be factored into your regular cost of doing business. Generally, the best way to protect yourself and your business against the unforeseen is to prepare before an incident occurs by taking steps to reduce risks and by purchasing the appropriate insurance.2020-09-1705 minVast Voice produced by VastSolutionsGroup.comLife Stages and Investment ManagementLife Stages and Investment ManagementInvestment management is determined by age!On the way to developing and maintaining your financial well-being, the ability to successfully manage your personal finances will play an important role. A solid financial strategy can help you build a more financially secure future for your family.To start, it is important to have an emergency fund in a separate savings account. Once you have accumulated up to six months’ worth of income to cover housing, food, utilities, transportation costs, etc., you can work toward defining your short- and long-term fi...2020-09-1007 minVast Voice produced by VastSolutionsGroup.comTop 20 Little Financial HacksHere is just a little sampling...1. People often have twice the credit they actually need. Avoid temptation by never charging more than 50% of your total credit limit.2. Join your company’s retirement plan and try to contribute as much as you can, especially when the contribution is made from before-tax earnings.3. Can you imagine your heirs receiving only half of your hard-earned assets? That’s what could happen if you don’t take estate planning seriously enough.2020-09-0305 minVast Voice produced by VastSolutionsGroup.comTop 3 Benefits of Using Artificial Intelligence in Retirement PlanningWhether you realize it or not, artificial intelligence is already part of your everyday life. AI predicts your web searches, personalizes your social media feeds and optimizes your online purchases – just to name a few examples. In the future, it will also play a major role in your long-term financial planning as an entrepreneur.2020-08-2706 minVast Voice produced by VastSolutionsGroup.comForbes.com Countdown: Top 15 Important Small Business Trends We’ll See by the End of 2020.There is no doubt that 2020 has been a challenging year for small businesses. With the COVID-19 pandemic, racial equality protests and a looming economic recession, the business landscape has been transformed, and new trends are cropping up as a result.2020-08-2012 minVast Voice produced by VastSolutionsGroup.comAI on a Budget IS Possible - and Vital!If an entrepreneur is not at least thinking about implementing artificial intelligence they will soon be looking to leave the entrepreneurial ranks soon. Implementing AI is almost as important as buying computers nowadays. It will absolutely be essential to a company’s success going forward. No doubt!2020-08-1306 minVast Voice produced by VastSolutionsGroup.comIn-Kind IRA Distributions Can Help You - A Ton!An in-kind distribution from a traditional IRA is fully taxable, just as a cash distribution from a traditional IRA becomes taxable income. Just how is the cash value of the in-kind withdrawal determined? The fair market value of the asset is reported to the IRS as a step in the distribution2020-08-0604 minVast Voice produced by VastSolutionsGroup.comRetirement planning is Insanely Easy – for Artificial Intelligent ComputersThink you can outsmart a computer? Probably not. If we are not as smart as a fifth grader why would you think that you could outsmart a computer that could do billions of calculations per second? That said, why would you want to leave your retirement in the hands of a financial advisor who is not using advanced technologies to help you?2020-07-3005 minVast Voice produced by VastSolutionsGroup.comA Ride On The Wealthy Train: Fully Insured Defined Benefit PlansPension plans come in all shapes and all sizes. Long favored by employers for a variety of reasons, the defined benefit plan allows an employer to make contributions to a plan that guarantees to pay employees a defined benefit in the future. These plans can equate to large retirement and tax savings savings. If an entrepreneur has no employees, the retirement and tax savings are even bigger.2020-07-2304 minVast Voice produced by VastSolutionsGroup.comCountdown: Top 5 Items in the Way of Entrepreneurs’ RetirementAre you an entrepreneur and it seems like retirement is years and years away? While it may appear this way, you owe it to yourself to look ahead and begin giving thought to a time in your life that may account for 20 or more years of not working.2020-07-1605 minVast Voice produced by VastSolutionsGroup.comTo Get Rich Entrepreneurs Can Use Solo 401(k)s!A solo 401(k) is simply one that has no other participants except for the business owner themselves, generally speaking. These can be great ways to amass wealth in today’s competitive environment. It helps with increasing retirement assets and also potentially lowering tax liability - two good things.2020-07-0907 minVast Voice produced by VastSolutionsGroup.comForbes.com’s Top 15 Countdown of Top Customer Success Metrics for Enterpreneurs.You as a business owner should know the top 15 metrics you should measure to gauge client satisfaction. This podcast count down was chosen from the editors of Forbes.com from submissions of its esteemed Forbes Business Council.2020-07-0211 minVast Voice produced by VastSolutionsGroup.comWhat is Vesting?Here we explain what it means to “Vest” in a 401(k) plan.2020-06-1204 minVast Voice produced by VastSolutionsGroup.comYes, You CAN Put Real Estate in an IRA or 401(k) Plan.So few people know that you, indeed, can put real estate assets in an IRA or 401(k) plan. Sometimes you could potentially have a rate of return as high as 20% per year or even more. It just may be the ticket to you becoming wealthy.2020-06-0912 minVast Voice produced by VastSolutionsGroup.comHaving a Spouse Can Save You Taxes! Employing Them Can Help!If you are an owner of a small business employing your spouse and children can potentially help reduce your family’s effective tax rate. What does that mean? That means you can save some dough. Sometimes you can save a lot of money in taxes!2020-06-0708 minVast Voice produced by VastSolutionsGroup.com5 “Streets” To Your Retirement: Easy Directions Toward A Relaxing Time!Do you need a roadmap for your retirement plan? Going without a plan is like driving from New York to Los Angeles without a road map. Do you want to get to your destination don’t you? Same thing for your retirement plan.2020-06-0507 minVast Voice produced by VastSolutionsGroup.com10 Essential Tips for Any EntrepreneurToo many times does an entrepreneur say they are too busy to talk about their personal finances. These tips are must-dos which will help an entrepreneur with their personal finances.2020-06-0409 minVast Voice produced by VastSolutionsGroup.com5 Crazy Good Tax Strategies for EntrepreneursEvery entrepreneur should be thinking about easy solid tax strategies and we have them here...2020-06-0405 minVast Voice produced by VastSolutionsGroup.comSurefire Retirement Plans for Solopreneurs!Solopreneurs (entrepreneurs with no employees) feel like they are alone. They are not. We have 7 surefire ways for them to prepare for retirement and get tax deductions.2020-06-0409 minVast Voice produced by VastSolutionsGroup.comA Uni-K Plan Can Make You WealthyA good retirement/tax mitigation strategy for an entrepreneur with no employees is called a Uni-K Plan. It’s similar to a 401(k) but no employees are eligible thus making the entrepreneur rich.2020-06-0408 minVast Voice produced by VastSolutionsGroup.comArtificial Intelligence Will Make You WealthyDo you want to get rich? You could try and do so the old fashion way, and walk there or you could get in a Ferrari and get there quicker. AI is a means to lowering taxes and increasing rates of return. By listen to this audio you will understand the possibilities that are around us for machine learning.2020-06-0406 minVast Voice produced by VastSolutionsGroup.com10 Essential Tips to Business Succession PlanningYou want to leave a headache to your family when they need them least? Plan youe business succession planning NOW!2020-06-0412 minVast Voice produced by VastSolutionsGroup.comTop 10 IRS Tax TipsWant to know the IRS top 10 tax tips? Listen up and you’ll be glad you did.2020-06-0405 minVast Voice produced by VastSolutionsGroup.comGetting the Workforce Back To Work. Now!As a result of this crazy COVID-19 issue it is of vital importance for many entrepreneurs to get their workforce back up and running so the company can move forward. This podcast gives a few helpful tips in getting workers back to work.2020-05-1604 minVast Voice produced by VastSolutionsGroup.comOverlooked Tax Deductions For Small Business OwnersSurely, you wouldn’t be one of the people who are overlooking business deductions even though there are so many entrepreneurs who are doing just that. In this podcast we will discuss a few different business deductions that so many entrepreneurs overlook2020-05-1605 minVast Voice produced by VastSolutionsGroup.comThe Major Retirement Planning Mistakes Entrepreneurs MakeDon’t fall prey to the major retirement planning mistakes that so many entrepreneurs make. This audio should help you in staying away from some of the all too frequent mistakes.2020-05-1606 minVast Voice produced by VastSolutionsGroup.comYou Need a (Han) Solo 401(k) PlanVery briefly here we go into some specifics of solo 401(k)s. Sometimes these can be very flexible and help a small business owner to prepare for retirement while also lowering taxes2020-05-1605 minVast Voice produced by VastSolutionsGroup.comSaving Your Parents from Financial FraudThe time to save your parents from financial fraud begins now. Don’t wait until it’s too late and they’ve lost $100, $1,000, $100,000, or more.2020-05-1604 minVast Voice produced by VastSolutionsGroup.comAbout Vast Solutions Group and Tax and Financial EngineeringIn very quick form after we just started doing the podcast we have received a number of questions as to what is tax and financial engineering and what is it that Vast Solutions Group is about. In this quick podcast we outline just a little bit about those two items.2020-05-1603 minVast Voice produced by VastSolutionsGroup.comRetiring Single?There are some real issues to think about when retiring single and this audio will indeed help.2020-05-1605 minVast Voice produced by VastSolutionsGroup.comSelling Your Company? Prepare!In the short audio we go over the specifics of preparing for someone to sell their pride and joy, their business.2020-05-1606 minVast Voice produced by VastSolutionsGroup.comMajor Risks To Family WealthIn this podcast we go through a few of the issues confronting those with considerable family wealth. Listening to this podcast might make you take a look at, and better your own, situation.--- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app2020-05-1607 minVast Voice produced by VastSolutionsGroup.comEstate Planning After a Second MarriageThere are many special considerations after a second marriage as these do provide complexities beyond typical estate planning.2020-05-1605 minVast Voice produced by VastSolutionsGroup.comIs Your Company’s 401(k) Any Good?Two recent court rulings may want you as an entrepreneur to double check your company‘s 401(k) plan to make sure that it is doing exactly what it should be doing2020-05-1603 minVast Voice produced by VastSolutionsGroup.comTen Bad Money Habits Entrepreneurs Need to BreakDo bad money habits constrain your financial progress? Many people fall into the same financial behavior patterns year after year. Listening to this podcast will help you to identify if you’re doing any of these bad money habits.2020-05-1604 minVast Voice produced by VastSolutionsGroup.comAre You Committing Financial Illegalities?We outline a number of things that many people may be currently doing illegal but not realize.2020-05-1605 minVast Voice produced by VastSolutionsGroup.comAudit Red FlagsWhat raises the eyebrows at the Internal Revenue Service?2020-05-1604 minVast Voice produced by VastSolutionsGroup.comMidlife Money Errors!If you are between 40 and 60, beware of the so common financial blunders and assumptions outlined in this podcast.2020-05-1604 minVast Voice produced by VastSolutionsGroup.comVast Voice produced by VastSolutionsGroup.com (Trailer)2020-05-1600 minVast Voice produced by VastSolutionsGroup.comReducing the Risk of Outliving Your MoneyWhat steps might help you sustain and grow your retirement money?2020-05-1604 minVast Voice produced by VastSolutionsGroup.comWhere Will Your Retirement Income Come From?For many people, retirement income may come from a variety of sources but before that many people may need familiarizing as to where they are.--- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app2020-05-1605 minVast Voice produced by VastSolutionsGroup.comHey Entrepreneur, Are You Gonna Get Audited? Likely not!Of the 330 million people in the US a small fraction get audited. If entrepreneurs aren’t doing anything so why are they so worried?2020-05-1602 min