Before Bourke Accounting, I worked with a 70-year old, Vietnam vet, ex-firefighter from Texas. He had tried retirement and found that he hated it. I asked, “Why are you working when you don’t have to?” He gave me a sardonic – oh, you silly, little thing – stare and responded, “What? Ah’m supposed ta sit… Read More
Did you overdo it this weekend? Did you spend your Sunday rearranging furniture? Maybe, to get ready for your appointment with your Bourke Accounting tax preparer or bookkeeper, you were forced to stand under hot water until the broken glass in your back melted. Maybe you uttered attractive moans and groans while you put… Read More
The passage of the new tax bill is a golden opportunity for you to convert your traditional individual retirement account into a ROTH IRA. Why? The bill reduced multiple individual income tax brackets, so if you convert your traditional IRA to a ROTH and immediately pay taxes on those funds, “you will be paying at a… Read More
Does your business need trustworthy and reliable employees? You may not have to look any farther than across the dinner table. Strategy: Hire your spouse to work as an official employee. Why put your spouse on the payroll? Because you can gain five tax benefits: Build up tax-favored funds for retirement If you meet the… Read More