Q: I borrowed $300,000 to go to law school. Now I am finally able to make a modest living but my income is “too high” to deduct my student loan interest. That’s Chutzpah! Ellen Dershiwitz, Attorney A: Yup! Don’t you love it? You borrow money to go to school to get a good job, then when you
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There is a new wave afoot in the land; “Social enterprise.” Phrases like “double bottom line and triple bottom line.” Business entities like “B Corp” and “L3C.” What’s all the fuss? Social enterprises typically offer an altruistic form of entrepreneurship that address a societal need while providing a service or selling a product. These “social
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I wrote this piece for elderresourcesofri.com , where you can read the entire article. Elder Resources is a network of professionals, including ALSD founding partner Michael Aaronson, who provide services to seniors and their families. “Congress quietly enacted a major change to Social Security. No one’s current benefits are affected, but the potential for higher
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Q: How do we take distributions from our S-Corp? –Sol Sagan, Billions and Billions of Stars, Inc, Scituate A: Structured properly, distributions from an S-Corp can save the owners thousands of dollars annually in payroll taxes. How? Distributions are profits remitted directly from the company to the owners without going through payroll, therefore not subject
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