Travel, Credit Cards

Protecting Against Identity Theft Following the Equifax Data Breach

Key personal information for 143 million Americans (half the country) was exposed, including Social Security numbers, birthdates, addresses and drivers license numbers. In some cases, the thieves stole security questions and answers used on some websites to verify users’ identities. This can allow scammers to change their victims’ passwords and account settings. In terms of […]

Seminar Updates in the Wake of Hurricane Irma

We’re sorry to report that we’ve had to cancel our 2018 five-day Aggressive Business, Tax and Practice Management Seminar, scheduled for Feb. 12-16, 2018 in St. Thomas. The Virgin Islands and their poor residents took a direct hit from the hurricane. We’re told that the Marriott Frenchman’s Reef, where we’ve conducted this seminar in recent […]

Equifax Data Breach

The biggest of the three consumer credit reporting agencies has had a massive data breach comprising Social Security Numbers, financial and credit history and other sensitive information affecting 134 million U.S. citizens.  For details and for help with what to do (e.g., checking your credit reports and putting freezes on your credit) go to […]

Here is a Great Quote to Live By, “In the End, It’s Not Going to Matter How Many Breaths You Took But How Many Moments Took Your Breath Away”

In that vein, one of our long-time clients realized that he is retiring with far more wealth than he ever imagined when starting out.  He’s decided to take his children and older grandchildren on one amazing trip each year.  So far, they’ve been to Peru to visit Lima and the Inca citadel of Machu Picchu […]

Banks Waive Credit Card Finance Charges/Late Fees if Asked

We’ve written before about banks waiving credit card annual fees to keep a customer.  Now we know some will waive finance charges.  We returned from a trip and discovered an overlooked Mastercard bill that was by then overdue a few days.  We took a chance and called the bank’s 800 number, explained the situation, said […]

Thoughts on Airline Travel Hassles

With the growing economy and fewer planes in circulation, there are so many travelers that the airlines seem to be offering fewer free seats.  If you want to use frequent flyer miles for free travel, plan as far in advance as possible.  If it’s exotic travel, starting one year in advance is not too soon.  […]

Are Travel Expenses for Your Corporation’s Annual Meetings Deductible?

This is a common question among doctors who are looking for creative business tax deductions.  As you may suspect, this is aggressive.  Be prepared to lose the deduction in an audit.  To have even a remote chance of being deductible, the travel must be “reasonable.”   The argument for why you have to leave home is […]

Spouse’s Travel Expenses

The deductibility of a spouse’s travel expenses is the same as for your travel expenses — was it an ordinary and necessary business expense?  It is the business nature of the travel and meetings which justifies the deduction.  If your spouse plays a role in your practice, attends meetings and is involved with you in […]

Panama Seminar Dec. 27, 2017 – Jan. 2, 2018

We are in the early stages of planning a possible year-end seminar in Panama, which is now on the approved list for deductible foreign seminars.  We did this trip eight years ago and everyone had a great time.  It would include three nights in a rain forest hotel followed by three nights at the top-ranked […]

Amazon’s 5% Cash Back Cards

If you’re already paying the $99 annual fee for Amazon Prime’s free two-day shipping, music, movies, etc., you also have access to some appealing payment options — the Amazon Prime Store Card and the Amazon Prime Rewards Visa Signature Card.  They each pay 5% cash back on Amazon purchases and have no additional annual fee.  […]