Child Tax Credit: The Cost of Raising a Child
Child Tax Credit USA Today recently reported that a middle-income family with a child born in 2013 can expect to spend $245,340 to raise their child to age 18. Jaws of penny-pinching parents across the nation are dropping at the enormous figure. We here at GQ Law have a bit of good news for you! Follow along as we shine a little money saving light on the topic of child-rearing, showing you what sweet tax breaks come along with your new bundle of joy. Child Tax Exemption Tax payers receive an exemption of $3,900 on their yearly tax return for any child under 18 including any baby born by...
Read MoreProtecting Your Online Reputation for Entrepreneurs
Protecting Your Online Reputation As an entrepreneur or new business owner, protecting your online reputation is essential. Whether or not you run your business online, in our tech savvy and internet dependent world, your online reputation is key to success as a business owner. “Before the Internet connected the entire world, your business reputation was something that you built, not managed. Fallout from the customer complaints you couldn’t fix was of limited scope. Today, the Internet acts like a lens that magnifies every blemish, perceived insult and mistake—and then...
Read MoreChristmas in July: Federal Gift Tax
The Federal Gift Tax and You What is the gift tax? Do I owe a gift tax? Do I need to report all gifts to the IRS? There are certain amounts and ways to give gifts tax free to your descendants and friends both during your life and through a properly arranged Estate Plan. What’s important is to learn the rules, set up a clear Estate Plan with Gary (858-549-8600) and make sure your loved ones and finances are all squared away. What is the federal gift tax? The gift tax is a federal tax that applies to all the gifts you make in a lifetime. Lucky for most, unless you live in Connecticut or...
Read MoreCrowdsourcing for Small Business- Maximizing Your Time
Crowdsourcing for Small Business Now that’s you’ve read through GQ’s e-book Accidentally Self Employed and met with him to set up the right business format, you’re on your way to small business success, right? Well, at least you’ve gotten over the first hurdle. According to the Small Business Administration only about half of all small businesses make it past the 5 year mark. Gary and the team here at GQ Law want your business to be one of those 50% who make it. We’re going to be posting a series of tips and tricks to help keep your small business in the...
Read More5 Things Every Entrepreneur Should Know
5 Things Every Entrepreneur Should Know Paul B. Brown, Forbes entrepreneurship columnist, gives 23 wonderful insights from 30+ years of experience. I’ll give you my 5 favorites. See the full article here. 1. The best way to predict the future is to create it. If you’re wondering if today, this month, this year, is going to be successful, you’re the one that makes it happen! 2. The most important decision you can make is where to spend your time. A common question asked of successful people is, “How do you balance your time?” A common answer is, “You...
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