Now- you’ve probably heard the term “asset allocation”, but what does that really mean, and how can we use it to your advantage? Asset Allocation is an investment strategy that aims to balance risk and reward by apportioning a portfolio’s assets according to an individual’s goals, risk tolerance, and investment horizon.
If you’ve turned on the news over the last week and a half, you’ve either seen reports of the market plummeting or surging. Almost every day it’s been to the extreme one way or the other. Volatility is back and so are the emotions that come with it. But, knowledge is power so arm yourselves with the facts to tame these animals!
Nick Kolbenschlag is honored to have accepted a seat on the Marketing and Development Committee for America’s ToothFairy and will be leveraging Tyler Kolbenschlag to make the most of this exciting opportunity. America’s ToothFairy was formed in 2006 to address the children’s oral health crisis in the US. As a resource provider, America’s ToothFairy increases access to oral health care by supporting non-profit clinics and community partners delivering education, prevention and treatment services for underserved children. More information can be found on their website: http://www.ncohf.org/.
At a high level, entertainment expenses are nondeductible, and most meals are 50% deductible. Previously entertainment expenses were 50% deductible and a broader array of meals had the potential to be 100% deductible. We anticipate this area of tax reform will be heavily scrutinized by the IRS so it’s important that you properly tag these items if you experience these types of expenses in your business.
One of the newest financial services buzz words is “personal CFO.” What exactly is a personal chief financial officer and why do you need one?