Andy & Amy on Biz

The AMT is a second tax system, where tax is assessed based on including income not taxed under the regular tax system and disallowing certain deductions.  It is hard to believe now, but it originally did have a point. In the late 60’s Congress noticed that high income individuals were legally using many tax deductions and tax breaks to avoid paying their fair share of federal income tax.  Congress then instituted the AMT with the main goal and purpose to make the tax system fairer.  … Read more

Some people go into business thinking they have it all figured out. Some people go into business thinking they have none of it figure out. The bottom line is whether you think you have it figured out or not, there is always something to learn. I have been in the accounting, finance and consulting world for over 20 years and have seen a lot of success and a lot of failure. I want to share some common financial mistakes that I have seen new and growing businesses make, and give you some … Read more