Lagging vs Leading Indicators
“When we choose the wrong measurement, we get the wrong behavior” (James Clear, Atomic Habits). At the Ranching for Profit School, we talk about how paradigms, actions, and results are related to ranching. These concepts look hard at why the business does what the business does. First let’s talk about money. A very common financial […]
Read MoreTop 10 Tax Preparer Conversations
I just finished my first round of Executive Link meetings. In addition to being a facilitator I also presented the continuing education session where we dug deep into economics, finance, and income taxes. Although it can be a dry and boring topic, we had great discussions during and after the presentation. A common request from EL members was […]
Read MoreMonuments to Tax Avoidance
We have our end of the year tax appointment next Monday. That reminded me of a ranch I visited a few years ago. The owner’s son showed me around. As we pulled out of the yard we passed a big aerator they’d bought to crush sagebrush. If you aren’t familiar with aerators, the drum is […]
Read MorePay The Damn Taxes
In The Ultimate Legacy, Dr. Don Jonovic says that the most critical issues in an estate plan are: Who will run what? Who will own what? How will you make sure you have the capacity to pay the taxes so that the first two things can actually happen? The transfer of authority can be […]