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The Scoop on Home Office Deductions

Ah, that pesky home-office deduction. For those who work from home, it can be a valuable tax break, but it’s also a tricky one—especially if you own your home. Want to check it out? First, let’s see if you’re eligible.You qualify for the deduction...

Document Your Agreements

If I can point to the one thing that probably led to over $1,000,000 worth of mistakes that I've made in my businesses (and I have the debt to prove it), it was that I spent little, if any, time documenting agreements. Documents, records, and...

Saying ‘Yes’ Pays Off

When I moved to Philadelphia a year ago, I was broke—25 years of living in New York, the past five of it as the breadwinner for my family, can do that. Don’t focus on making new friends, I told myself: "Make money" Yet my first move was the...

A Solo 401(k) Is Smarter

When I exited my magazine-editing job a few months ago to start a business as an editorial consultant, I knew the standard advice was to roll over my 401k into an IRA immediately. After talking with a few money-savvy friends, I opted to call...

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