Archive for May, 2011

Taxes and Your Wedding

Monday, May 30th, 2011

If you are getting married, congrats! I hope you have been taking to heart some of the suggestions I have been posting recently (scan my last few posts if you are just landing here) and I just wanted to remind you that you and your spouse need to plan for your first year filing Married Filing Jointly (or Separately) together.

Most couples when they first get married might end up owing taxes because they didn’t plan accordingly. Remember that as of the end of the year – the very last day – Dec 31st, you and your beloved are considered as a couple. That means what is yours is hers and what is yours is his as well. That means that your income is considered combined for income tax purposes.

If you check out my post (look on the side of the page or go to the home page and look on the side there if you are viewing this as a single post) under one of my “Bad Tax Idea, Good Tax Idea” notes, you can see that you should both have changed your W4s from work to reflect that you need to have a little more money possibly withheld for taxes. What has happened in the past is that both couples change their withholdings from Single 1 to Married 4 or stuff like that and they both end up owing at the end of the year.

If you are in doubt, drop me a line or consult with your favorite tax pro. Have a great time as a couple and please make sure that you have your taxes covered so you don’t start planning for divorce several months later!

May 30 2011 Later In the Day

Kim Isaac Greenblatt

Taxes and Your Wedding

Do It Yourself Wedding Tip To Save Money

Monday, May 30th, 2011

Speaking of weddings and saving money, start thinking about making your own items to save money for your wedding. For example, for our centerpiece items for our wedding we made bride and groom teddy bears. We found from novelty items from a catalog that makes plush toys from cranes (you know the ones you throw a dollar into and the crane doesn’t close all the way so you can’t pick up the iPhone you want in it) and bought a bunch of baskets that were cheap. We filled the centerpieces with flowers, the bride and groom teddy bears and that saved a small fortune in getting things ready for the big event.

The plush bears were a total of maybe $30-40. The flowers we had donated from friends gardens and the baskets were .99 each from a dollar store. So we had 30 tables covered with gorgeous centerpieces for about $2 a table. Nice!

I hope you can do the same thing for your big event. Please keep me in mind for your tax and book needs. Remember that my new book on starting your sole prop is out!

Have a great day.

May 30 2011 Early AM

Kim Isaac Greenblatt

Do It Yourself Wedding Tip To Save Money

When Is a Good Time To Talk With Your Tax Person?

Sunday, May 29th, 2011

Anytime you have a question that you want answered, explained or want planned out. In keeping in line with that, please remember that I am an Enrolled Agent and always looking for new clients and to help people everywhere.

Thanks!

Kim Isaac Greenblatt

Synthetic Minerals

Sunday, May 29th, 2011

Similar to growing diamonds synthetically, I wonder what the energy requirements would be to make copper and other metals that we need and if it is worth the process and time (not to mention the cost) to try to make these. ure, mining is great – until everything gets mined out. Just curious if anybody else has any thoughts on this for the bigger picture looking decades down the line.

Kim Isaac Greenblatt

Synthetic Minerals

Speaking of Spring May 30 2011

Sunday, May 29th, 2011

For those of us who will be celebrating Memorial Day, please take a couple of minutes to honor the fallen and the ones who were injured in serving our country. Our thoughts and prayers go out to all our troops – whether active, inactive or already passed on.

Thanks for your service to our country.

Kim Isaac Greenblatt

Speaking of Spring May 30 2011 – Thank you to our troops!

Rain was most welcome May 29 2011

Sunday, May 29th, 2011

Not sure if it was mist or fog or a nice mini rain shower but when I woke up this morning I had some rain on the ground and it was covering my tomatoes, fruits and veggies in the backyard. It will save me from having to get out and water them and the lasagna soil that I have laid out to plant my veggies and fruits in. More at a later date.

May 29 2011

Kim Isaac Greenblatt

Rain was most welcome May 29 2011

Spring Weddings

Sunday, May 29th, 2011

Even with bad economic times,people find reasons to celebrate and certainly one of the most joyous events is a wedding. People fall into a few categories: 1. Gotta have a big wedding 2. Gotta have a wedding or 3. We gotta elope.

It is pretty easy to see that the economy can keep rolling and be profitable if people choose to have large, lavish affairs because tons of roses, catered food and a giant tent for rental for the 2000 guests you had to have for both of your mothers you can see that a lot of people get gainfully employed (at least for a brief period of time).

What about the elope crowd? Hotels that cater to niche weddings (they have theme honeymoon rooms like for Star Wars or vampires or the like) do a decent business because people always have money for their passions. If you are in the service business and are trying to make a buck from people getting wedding, try to focus on a niche that is into certain types of weddings and make sure the margin you are building into the profit is enough to cover the extravagant items they will need (like matching motorcycle showers for the biker bride and groom) and you should be okay.

Having speciality wedding items made as well tends to help for a brisk business especially if they are hand made and unique. If you make adorable clay bride and groom statues in the likeness of the er, bride and groom more power to you – provided the faces don’t look to creepy and you don’t make the bride look like she gained 100 pounds. Have a great weekend.

Kim Isaac Greenblatt

Spring Weddings

Sample Pages of new book Greenblatt Personal Firearms Record book

Saturday, May 28th, 2011

Hi gang, here is a video clip of what the interior of my new book, Greenblatt Personal Firearms Record book as I promised.  Remember that you are helping find a cure for Rett Syndrome as well as logging your firearms when you purchase the book.  Thanks for your support!

Kim Greenblatt

Sample pages of new book,”Greenblatt Personal Firearms Record” book are up – whoo hoo!

New book Greenblatt Personal Firearms Record is out

Wednesday, May 25th, 2011

It is either feast or famine for me when I get books out.  The book, Greenblatt Personal Firearms Record is available from Amazon, Barnes and Noble and me (978-1-60622-007-8 is the number if you want to look for it yourselves.)  Hot on the heels of my Start Your Own Sole Proprietorship book, here is the best firearms log book you can have (for non Curio & Relic FFL 03 entries).  The book cover is intentionally a bland doofy one entitled, “Fiscal County  Water Issues Tax Ramifications”.  You can leave the book lying around on your desk or in a bookshelf and thieves won’t notice it.  Let’s face it, criminals who break in want money or valuables and they want to get in and out quickly.  They won’t bother looking at books, especially with the words “County” and “Tax” in the title.

Greenblatt Personal Firearms Record

The purpose of the boring cover is for you to hide the book in plain sight on your desk, in a bookshelf – anywhere. It should be kept separate from your gun collection in case somebody breaks in and steals your firearms.   I hate it when critics tell me that my Curio & Relics book and I suppose they will say this one, are too big for a safe.

You aren’t suppose to keep them in a safe!  If somebody takes the safe they take your gun logs as well.  Sheesh.

You will have a separate record for the police, insurance company or whatever you need it for. Column headings include Manufacturer/Importer, Model, Serial Number, Type/Action, Caliber/Gauge, Date Acquired, Cost and Purchase location (address). Part of all proceeds go to Rett Syndrome research. A girl is born every 15 minutes with Rett Syndrome. Boys die at birth. Rett is part of the autistic spectrum. Be safe, legal and prepared with the Greenblatt Personal Firearms Record book.

Pitch over.   Thanks for making my books great.  Keep buying them and tell your friends!  I wll try to get a video of the book up so you can see what it looks like as soon as I get some time.  Here is the link to order it if you want it.

Kim Isaac Greenblatt

New book Greenblatt Personal Firearm Record is out

New Book – Start Your Own Sole Proprietorship is out

Wednesday, May 4th, 2011

Want to start your own business? Out of work? Underemployed? Kim Isaac Greenblatt’s new book, “Start Your Own Sole Proprietorship” will get you moving with straight forward information about starting a business up on your own. You will learn that of the many business entities that you can choose, the Sole Proprietorship, offers an easy way to get started with a business with minimum fuss. The book also talks about filing a Schedule C, the Self Employed business person’s form for their Federal Taxes. Chapters of the book include:

WHAT ARE THE TYPES OF BUSINESS ENTITIES?

NO MONEY, NEED TO WORK, NO TIME FOR BUSINESS YET

THINGS YOU SHOULD CONSIDER WHEN PICKING A BUSINESS

MAKE MONEY DOING THINGS THAT PEOPLE HATE TO DO

THOUGHTS ABOUT HOW YOU RAISE MONEY

WHAT’S AN EXIT STRATEGY?

WHAT’S A SOLE PROPRIETORSHIP AND WHY DO I WANT ONE?

ARE YOU A HOBBY OR A BUSINESS?

WHAT’S A BUSINESS PLAN?

KNOW YOUR MARKET

TIMES YOU MIGHT NEED TO FILE WITH A SCH C

SELF EMPLOYMENT TAX SUCKS BUT YOU HAVE TO PAY IT

THE SCHEDULE C WALK THRU

SCH C INCOME

SCH C EXPENSES

HOME OFFICE EXPENSES AND SELF EMPLOYMENT TAXES

READY, SET, GO SOLE PROPRIETORSHIP, GO!

For less than the price of a dinner, get the book that will help you save thousands of dollars and hours of headaches. As all of my books, a portion of all sales go to research a cure for Rett Syndrome. Rett Syndrome affects a girl born every fifteen minutes. Boys born with the Rett gene die at birth.

Known Typos and Fixes with the Book:

On page 72 of my book, the image that shows a clip of the business codes came out black despite trying to save the image in black and white, grey scale or color. The code I use is mentioned in the book and the image will probably be removed when I get to another edition. The link from the image from the book is moot but if you still want to see the document you can see it and order the book from this page.

***** PART OF ALL SALES GO TO RETT SYNDROME RESEARCH.*****

ISBN Complete: 978-1-60622-006-1
EAN: 9781606220061
Title: Start Your Own Sole Proprietorship
Publication Date: 5/3/2011
Street Date: 05-04-11
Language: English

Price: $9.95

Get started and make your own business grow!

May 04 2011

Kim Isaac Greenblatt

New Book – Start Your Own Sole Proprietorship is out