Straight Talk CPA - Blog

Getting in the Opportunity Zone   Posted by: Salim Omar

One of the new tax planning strategies created by the Tax Cuts and Jobs Act tax reform are qualified opportunity funds. The new opportunity funds have the ability to defer current-year capital gains, eliminate some of them later, and…

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[VIDEO] 3 Success Principles from a Billionaire   Posted by: Salim Omar

I recently read Principles by Ray Dalio, founder of investment firm Bridgewater Associates and one of the world’s 100 wealthiest people. In his book, he shares three important principles for success: Have your audacious goals Learn from mistakes Find out…

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How Family and Medical Leave Benefits Benefit Your Small Business   Posted by: Salim Omar

When it comes to employee talent, you compete with other employers in a variety of ways. Benefits are very important to an employee’s decision to stay with a business, and a good medical and family leave policy is one…

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[VIDEO] Are you missing out on our monthly breakfast?   Posted by: Salim Omar

  WOW, do you see the energy in this room? Are YOU missing out on the action? If so, you don’t have to. You too could be among this energetic crowd at our monthly Business Breakthroughs Networking Breakfast. Start…

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[VIDEO] Is Your Current Team An Asset or Liability?   Posted by: Salim Omar

“Teamwork is the ability to work together toward a common vision. The ability to direct individual accomplishments toward organizational objectives. It is the fuel that allows common people to attain uncommon results.”  – Andrew Carnegie Thousands of practices irritate clients,…

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Keeping a Time-Spent Log   Posted by: Salim Omar

If on your taxes you claim status as a tax law–defined real estate professional who can deduct his or her rental property losses, in your time record for the year will need to prove the following: That you spent…

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VIDEO: From Crazed to Calm   Posted by: Salim Omar

Do you sometimes find that stress is taking over in your life, preventing you from doing the things that you really want and need to do? Dr. Hans Seyle, acknowledged as the “Father” of the field of stress research,…

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How To Go Penalty-Free On Early IRA Distributions   Posted by: Salim Omar

It is often believed that money can’t be taken out of your IRA penalty-free before age 59 ½ unless you meet a narrow exception. But that’s not true. There are actually a variety of planning opportunities here to avoid…

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Overcoming Fear   Posted by: Salim Omar

Fear. It is the ONE thing that according to poet Ralph Waldo Emerson, “defeats more people than any other thing in the world.” During my February Business Breakthroughs Networking Breakfast, I sat down with guest speaker DonnaLyn Giegerich, MBA,…

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VIDEO: From Setbacks to Stepping Stones   Posted by: Salim Omar

Last month during my popular Business Breakthroughs Networking Breakfast, I invited well-known New Jersey celebrity DonnaLyn Giegerich, MBA, CIC, RYT to share with us a few of her most life-changing personal challenges and how she transformed them into success. Attendees,…

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