New Year’s Financial Resolutions

New Year’s Financial Resolutions
Thursday, December 31, 2009 by Doron F. Eghbali

If you are thinking about what we could do to improve our financial prospects this new year, then think about this: Save more and invest. Learn how to handle your credit card with new rules coming into effect soon and educate yourself about what lenders or insurers are charging you and your business…. Read More

Posted at 10:05 AM  |  PERMALINK
Topic: Business Law

Tax Pitfalls of Home Foreclosures

Wednesday, December 30, 2009 by Doron F. Eghbali

When a principal residence is foreclosed, the homeowner already in distress might have to pay federal and state income taxes. However, there could be some help available…. Read More

Posted at 10:48 AM  |  PERMALINK
Topic: Residential Real Estate

Some Lenders and Insurers Relax Down-Payment Standards
Tuesday, December 29, 2009 by Doron F. Eghbali

In some parts of the country, some lenders and mortgage insurers are starting to somewhat relax their down-payment standards. Let’s look at some of the specifics…. Read More

Posted at 08:58 AM  |  PERMALINK
Topic: Residential Real Estate

Mileage Rates in 2010 for Tax Purposes
Monday, December 28, 2009 by Doron F. Eghbali

If you are wondering what the IRS will give you back in 2010 when you use your vehicle for work, moving or charity purposes, here is a breakdown…. Read More

Posted at 19:23 PM  |  PERMALINK
Topic: Finance

Commercial Leasing Paradox: More Vacancies and Unchanged Rents
Monday, December 28, 2009 by Doron F. Eghbali

High unemployment and slowly recovering economy have contributed to more office vacancies and less willing landlords to decrease rents substantially. This is a paradox. Why is this happening?… Read More

Posted at 10:23 AM  |  PERMALINK
Topic: Commercial Leasing

How to Deduct Job-Hunting Expenses
Sunday, December 27, 2009 by Doron F. Eghbali

Despite the high rate of unemployment, some people are prudently spending money on securing a job. This could be comforting to know some of these job hunting expenses could be tax deductible…. Read More

Posted at 15:25 PM  |  PERMALINK
Topic: Business Law

Learning from Ben Bernanke: Refinance Now
Thursday, December 24, 2009 by Doron F. Eghbali

If you still have not refinanced your adjustable rate mortgage, probably this is the time to do it. This is exactly what our central banker who manages interest rates did recently…. Read More

Posted at 13:12 PM  |  PERMALINK
Topic: Real Estate

Year-End Smart Stock Option Tax Moves
Wednesday, December 23, 2009 by Doron F. Eghbali

The axiom is putting off paying taxes on your stock options. However, with budget deficit ballooning, the government might resort to increasing tax rates on the upper income in or around 2011. Let’s see how to address some of these concerns…. Read More

Posted at 10:58 AM  |  PERMALINK
Topic: Corporate Law

15-Year Fixed Rate Mortgage or 30-Year Fixed Rate Mortgage?
Tuesday, December 22, 2009 by Doron F. Eghbali

A growing number of borrowers looking to refinance are turning to15-year fixed rate mortgages instead of the traditional 30-year fixed rate mortgages. However, borrowers should carefully weigh the pros and cons before committing to the 15-year mortgages…. Read More

Posted at 09:47 AM  |  PERMALINK
Topic: Real Estate

Long-Term Capital Gains Rates Might Differ
Sunday, December 20, 2009 by Doron F. Eghbali

Long-term capital gains are not always taxed at 15% for 2009 and 2010. There are some factors that might cause the taxable rate to vary from 0% to 28%…. Read More

Posted at 10:06 AM  |  PERMALINK
Topic: Business Law

Commercial Real Estate Brokerages: Hire Brokers on Commission
Friday, December 18, 2009 by Doron F. Eghbali

Real estate brokerage firms could survive in this economy by representing only tenants and hiring brokers on commission…. Read More

Posted at 09:57 AM  |  PERMALINK
Topic: Real Estate

The Records You Need to Keep for Your Business
Thursday, December 17, 2009 by Doron F. Eghbali

A business owner is often told to keep business records. However, let’s see what specifically some of those records are…. Read More

Year-End Tax Timing Tips
Wednesday, December 16, 2009 by Doron F. Eghbali

Timing your taxes is important: Accelerate your deductions into the current year and delay your income into the following year. However, watch out….Read More

Posted at 10:59 AM  |  PERMALINK
Topic: Business Law

Hire Independent Contractors, If Possible
Tuesday, December 15, 2009 by Doron F. Eghbali

With the economy still recovering, you might want to hire independent contractors to help your business instead of hiring more permanent employees, but be very careful…. Read More

Posted at 13:15 PM  |  PERMALINK
Topic: Business Law

Balance Business and Life: Take a Vacation with Prudence
Monday, December 14, 2009 by Doron F. Eghbali

Take a vacation from your business. However, notify clients in advance; delegate responsibilities to competent people; take vacation during slow periods; and make your vacation, business related…. Read More

Posted at 09:58 AM  |  PERMALINK
Topic: Closely Held Business Law

LLC Losses Easier to Deduct

Sunday, December 13, 2009 by Doron F. Eghbali

LLC owners who spend a few hours a week on their business, might be able to deduct their losses easier, thanks to new court rulings…. Read More

Posted at 11:53 AM  |  PERMALINK
Topic: Business Planning

How to Lower Your Rent Now
Saturday, December 12, 2009 by Doron F. Eghbali

Asking whether you could pay lower rent for your apartment or business, Do this: Educate yourself about your neighborhood; consider what kind of tenant you have been; consider other alternatives; and track vacancies….Read More
Posted at 11:32 AM  |  PERMALINKTopic: Real Estate
Smart Year-End Business Tax MovesFriday, December 11, 2009 by Doron F. Eghbali
Your business can take advantage of deductions up to $250,000 in expenses and another 50% first-year bonus depreciation deductions for qualifying new assets in 2009…. Read More
Posted at 11:27 AM  |  PERMALINKTopic: Business Law
Business Tax Deductions in 2009: A Boon To BusinessesThursday, December 10, 2009 by Doron F. Eghbali
Create or increase business losses in 2009 and carry the losses as far back as 2004, but be careful…. Read More
Posted at 10:08 AM  |  PERMALINKTopic: Closely Held Business Law
Getting a Loan in This Economy: Do’s and Dont’sWednesday, December 9, 2009 by Doron F. Eghbali
Want to get a personal loan in this economy, know where to apply and where to avoid…. Read More
Posted at 10:16 AM  |  PERMALINKTopic: Banking Law
Writing an Operations ManualTuesday, December 8, 2009 by Doron F. Eghbali
Operations manual brings order to business and standardizes business policies. Let’s look at how to write one…. Read More
Posted at 10:06 AM  |  PERMALINKTopic: Business Planning
Rental Property Tax Losses Hard to DeductMonday, December 7, 2009 by Doron F. Eghbali
Rental property owners are likely to have tax losses from their real estate investments. However, deducting such losses might prove difficult…. Read More
Posted at 13:10 PM  |  PERMALINKTopic: Real Estate
Genorous Holiday Gifts for Your Children’s FutureSunday, December 6, 2009 by Doron F. Eghbali
In this economy, if you and your spouse can make a gift up to $26,000 to your each child, that generous gift could be used as a down payment on a future home or help with their second mortgage…. Read More
Posted at 12:19 PM  |  PERMALINKTopic: Real Estate
Dump Losing Stocks and Take LossesSaturday, December 5, 2009 by Doron F. Eghbali
Sell your stocks or other securities if they are worth less than what you bought them for. You can deduct the capital losses against your capital gains and, to some extent, even ordinary income. However, there is a caveat…. Read More
Posted at 10:53 AM  |  PERMALINKTopic: Business Law
Writing A Business Plan That WorksFriday, December 4, 2009 by Doron F. Eghbali
Focus on the problem not on the product or service. Solicit people’s input. Explore beyond your spreadsheet and be truthful to investors…. Read More
Posted at 17:11 PM  |  PERMALINKTopic: Business Planning
Owing Back Taxes? You May Be Lucky This YearFriday, December 4, 2009 by Doron F. Eghbali
Owing taxes to your state government, now could be the time to pay it off…. Read More
Posted at 12:59 PM  |  PERMALINKTopic: Business Law