Category: Money (Page 7 of 7)

I recently heard that I could register my vehicle as farm equipment and get a tax break.  Do you know if that’s true? That’s what the doctor asked me while making conversation after learning I was an accountant.  I told him that I was not a CPA and therefore not qualified to give tax advice.  He continued anyway. He had his eye on an Audi. Another doctor friend had told him if he bought a full-sized SUV, that because of the weight of the vehicle, it could be classified as farm equipment in order to save on taxes. That was news to me, and while I was skeptical about the legality of this method, it seemed like a terrible idea with or without it.  I told him as much.

Continue reading

I’ve spent the last 8 years living in Silicon Valley. It’s a sprawling urban area with beautiful year-round weather consisting of about 10 cities that feel like one big suburb.  It sits in a bowl surrounded by mountains and dotted with palm trees. Add in a bunch of tech companies, clogged highways, and houses starting at $1MM, and you’ll have a general idea of the place if you’ve never had the pleasure of visiting.

Continue reading