Diane Kennedy, CPA “The Loopholes Queen”

Don’t Feel Obligated to Keep on Problem Clients

The Story
I have been dealing with a problem client for a few years now.
I had a lightbulb moment when I realized that I spent about 40 hours + 10 hours of driving time to receive very little pay per hour from one of my monthly clients last year!
 …

CFO Seminar Series — What is Estate Planning?

CFO Seminar Series — What is Estate Planning? Click here for CFO Seminar Series video.
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Form 1099-A, Form 1099-C and Other Tricky Tax Reporting on Dumping Bad Real Estate

The most popular blog entries I’ve written lately relate to the confusing world of real estate tax reporting.
We’re into the 3rd year or so of depressed real estate prices and as unemployment continues, some people simply can’t hang on to their upside homes and/or vacant real estate investments.
It’s a hard decision to walk ...

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Managing Investments held in an offshore Asset Protection Trust

Managing Investments held in an offshore Asset Protection TrustAs much as you may be told otherwise, using the massive deterrence and level of protection available in offshore Asset Protection systems can very complicated. This complication requires a team of experienced and knowledgeable professionals working to make sure that you are doing things safely, legally and ...

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Are Small Businesses About to Get Caught In Texas Nexus Battle?

It was just a few weeks ago that the Texas Comptroller codified a sales tax change that is creating mini-earthquakes in the ecommerce world. The problem is that it should be creating HUGE earthquakes and everyone should be talking about it.
The new rule states that if you use a server that is housed in ...

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