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2024 Ideas to Reduce Your Income Tax Bill

Tax time is just around the corner. With our federal income tax rates ranging from 10% up to 37%, lowering your income to the next lower bracket can reap great benefits. For as your income jumps, so does your tax rate.

When is Enough…Enough?

Thanksgiving is a celebration of abundance, a time to focus on all there is to be thankful for. Yet, thoughts of scarcity can still creep in. A recent update to our personal financial statement stirred up mixed emotions. In the early days of starting a business, our financial outlook was bleak.

Tax Planning For Your Business

To start KEEP GOOD RECORDS.  The best way to reduce your tax bill is to keep current financial records.  To verify their accuracy, monitor the information on a regular basis.

What Scares You?

Growing up in the country, one of the earliest memories involved walking through my grandfather’s barn. As a child, a cow seemed so intimidating.

Starting or Revitalizing a Business

Are you starting a new business or revitalizing an existing one?  Think of the newly hatched sea turtle.  The egg is buried in the sand on the sea shore, far enough away from the ocean to be safe from the tide.

Fall is in the Air

The days are getting shorter and the temperatures are getting colder. My garden is dying. Hummingbirds are migrating south. Kids are back in school. I already saw my first autumn red leaf that has fallen and football season is starting! Summer is disappearing and fall is peaking through.

The Grand Exit – Going for the Gold

RING, RING… I picked up the phone. “Mary, we can barely pay the bills. We haven’t gotten paid in three months. We have worked so hard and invested all our money into this business.

Community

In July my family held a wedding reception for my son, John and his new wife Alicia. The wedding was held in Arizona, where he now lives, but he wanted a family celebration in Wisconsin.

Bringing an Abundance Mindset to Your Business

Culturally we are encouraged to look at life from a scarcity mindset. I have heard it from my parents, from school, in sports, from media ads, and from my peers.

Abundance

In Green Bay we have had an abundance of rain this past few months! It seems to be raining almost every day. The “norm” for Green Bay, or the 30-year average, is 4.1 inches of precipitation.

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