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Groco Weekly
Weekly Wealth Building Tips Issue #131
January 14th, 2008

 

in this issue...
  • Alan and Susan Olsen Grant Fund
  • Top 7 Tax Law Changes For 2007
  • Expand Your Business Using Venture Capital
  • Baby Boomers: Will They Be Able To Afford Their Parents?

  •  
    Top 7 Tax Law Changes For 2007

    There is a new law for record keeping of charitable contributions. You must have a record of any cash contributions you made to a charity in 2007 in order to deduct the contribution. The record could be a canceled check or copy of a canceled check, a bank statement that shows the date, amount and name of the charity, or a letter from the charity showing the amount and date.


     
    Expand Your Business Using Venture Capital

    Once you accept venture capital, you have relinquished some of your autonomy and accepted the understanding that the venture capital firm will take a large share of the profits you earn. As an entrepreneur, you should understand the nature of a vendor firm, before pursuing this as a financing source.


     
    Baby Boomers: Will They Be Able To Afford Their Parents?

    Do you worry about whether your aging parents have their "affairs in order?" You should. After all, you're the one who will have to pay unnecessary taxes and endure time-consuming court procedures if your parents don't have an effective estate plan.

     

     

    IRS Circular 230 disclosure: To ensure compliance with requirements imposed by the IRS, we inform you that any U.S. federal tax advice contained in this document is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any transaction or matter that is contained in this document.


     
    Alan and Susan Olsen Grant Fund
    Greenstein, Rogoff, Olsen & Co. Managing Partner Alan L. Olsen announces the creation of a new grant fund for economically disadvantaged Bay Area children.

    All students deserve the opportunity for higher learning. Brigham Young University Idaho provides many opportunities to students in need of financial aid through academic and merit based scholarships. The Alan and Susan Olsen Grant-in-aid Fund assists hard-working students who do not qualify for academic or other merit-based scholarships, but are in need of financial assistance because of serious economic limitations.

    Read On...
     


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