Deana Love, JD, CPA

72 Flips | 2 Magazines | 6 Likes | 14 Following | 2 Followers | @dloveno9 | Partner in Charge of Private Client Services at Daszkal Bolton specializing in wealth and tax planning for high net worth individuals

Elon Musk says he won't take SpaceX public because he wants to build a city on Mars - Phoenix Business Journal

By Drew Hansen <br>– Digital Editor, Washington Business Journal<p>Sep 12, 2014, 6:40am MST<b><br>Updated</b> Sep 12, 2014, 7:07am MST<p>Those sci-fi concepts you dreamed …

10 Questions to Ask When Working With an Accountant

Solely relying on free or inexpensive online small-business accounting tools instead of investing the services of a trained professional accountant can be a costly mistake that entrepreneurs make all too often. Don’t be one of them.<p>Springing for a licensed accountant can be worth every extra penny …

11 Elon Musk Quotes That Show His Genius

He specializes in creating things that seem straight out of a sci-fi movie.<p>Musk, who a past coworker described as "an exceptional freak of nature," has also uttered some gems of wisdom from that magical mind of his over the years.<p>We collected a few of the best ones.

Licensing

Tesla Motors CEO Elon Musk to Receive 2014 Edison Achievement Award

Elon Musk to Receive Edison Award<p>Tesla Motors CEO Elon Musk will receive what’s largely recognized as one of the world’s premier accolades: Edison …

Elon Musk Is About To Launch The Heaviest Rocket In Existence — And Yes, It Can Reach Mars

Put another way, this one ship has the liftoff thrust equivalent of <i>15</i> Boeing 747s tied together and running at full power.<p>Only one other rocket has been heavier than the Falcon Heavy will be, SpaceX claims. That was NASA's Saturn V ship, which carried the Apollo and Skylab missions into space from …

Elon Musk: 'Profits are Not Our Primary Goal' | Inc.com

Elon Musk Writes A Blistering Takedown Of Chris Christie And New Jersey's Decision To Ban Tesla's Sales Model

Tesla's direct-to-consumer sales model was banned in the state this week. The ban starts April 1.<p>Musk's post basically echos what he said last year about fighting the dealers.<p>He doesn't want Tesla to sell cars through auto dealerships because the dealers will have no incentive to sell electric …

Elon Musk accuses New Jersey governor of backroom dealing in Tesla ban

Coming days after Tesla was effectively banned from selling cars directly to customers in New Jersey, CEO Elon Musk personally penned a post on the Tesla blog expressing his disappointment with the New Jersey Motor Vehicle Commission's ruling. Musk is pissed; in calling New Jersey governor Chris …

Google CEO: I’d Rather Leave My Billions to Elon Musk Than to Charity

<i>This post originally appeared in</i> Business Insider.<p>Google CEO Larry Page has an unusual idea about what should happen to his billions should he …

GOLDMAN: Solar Is On The Way To Dominating The Electricity Market, And The World Has Elon Musk To Thank

It's relatively soon.<p>Here's the timeline from Cleantech analysts Brian Lee and Thomas Daniels, included in Goldman's latest note on Tesla:<p>First, assuming the Gigafactory — the giant manufacturing facility that will soon begin pumping out lithium ion batteries to be used in both Tesla vehicles and …

Second-guessing Elon Musk is turning into an expensive lesson

Sometime, someday, the skeptics may start believing in the Tesla story. Maybe that'll be the time to dump the stock.<p>In the meantime, CEO Elon Musk continues to make his second-guessers learn an expensive lesson.<p>For months, the financial news channels have put on the air self-styled experts warning …

Goldman Sachs Declares Solar Energy Will Soon Be Cheaper Than Fossil Fuels, and Elon Musk is a Genius

They may be one of the greediest, most exploitative firms on Wall Street, but Goldman Sachs knows a profitable investment when they see one. The …

Lower Your Tax Bill For Life

With tax day just around the corner, you’re likely to run into a bevy on helpful online articles on how to reduce your tax bill before you file.<p>Helpful stuff but, mostly, either small-ball recommendations or deductions so obscure as to be useless to most. Solar panels? Estate planning? Great, you …

Save On Taxes If You Make 1,000 Trades A Year

Electing Section 475 MTM means that trading losses are considered business ordinary losses. Without it, the losses are capital losses limited to $3,000 against ordinary income per year. Losses can be monetized into tax refunds quickly, while capital loss carryforwards often take a long time to …

Most Americans Have No Clue How Their Tax Dollars Are Spent (And Don't Care)

Using information released by the White House and the per capita personal income of $42,693 (according to Bureau of Business and Economic Research), GOBankingRates calculated how the average American's 2013 federal income tax bill breaks down.<p>Pop quiz: Do you know how your income taxes are spent by …

Income Tax

Is Your Co-Founder 'the One'? 7 Ways to Tell

You'll spend more time with your business partner than your spouse--make sure you pick the right one.<p>For years I had a friend who kept suggesting he and I should start a cafe-book store together. It was tempting in a way--I loved the idea of a cozy place full of people reading, chatting, and …

Watch Out For The Latest Tax Scam That Could Snare Your Aging Parents

The Fraud Watch Network sent out a press release detailing a new and fast moving telephone scam targeting taxpayers across the country. As many of us are aware, our aging loved ones are quick to fall for these phone scams. Thousands of victims have already lost more than $1million. Please caution …

Three Small Words That Can Take An Entrepreneur To The Floor

We recently launched a new initiative at our company, Fishbowl, called Oceans Institute (Lighthouse Lifelong Learning) that seeks out individuals of uncommon courage and inspiration who teach us how to be a “lighthouse” to one another. We look forward to sharing the “best of the best” segments with …

The World's Youngest Billionaires 2014: 31 Under 40

Getting to the $1 billion mark isn’t a race, but some just get there faster.<p>Of the 1,645 members of the Forbes Billionaires list, 31 are under the age of 40.That elite group no longer includes the Google guys, Sergey Brin and Larry Page, both of whom have crossed into their 40′s. One unexpected …

The World's Richest Women 2014

It was a record-breaking year for women on the FORBES list of the World Billionaires. Out of 1,645 billionaires, a record 172 are women – up from 138 last year. There’s no denying that women are still a tiny minority on the list, representing a little over 10% of the total.<p>At the top, Christy …

Turn Your Next Interruption into an Opportunity

Modern life, particularly work life, has become increasingly hectic<b>.</b> There are relentless demands from meetings, emails, text messages, questions to answer, problems to solve, fires to put out. It can begin to feel like there is never any time to get “real work” done. If you feel overwhelmed by …

5 Tax Mistakes that Startups Make

Opinions expressed by <i>Entrepreneur</i> contributors are their own.<p>Before jumping into specific mistakes that start-ups should steer clear of, let’s tackle the most common oversight: Proper record keeping. “One of the most important things is for a business to have its own set of books,” says Sam …

Loans Aren't Taxable Income, But Convincing IRS Of Loan Status Is Priceless

When your uncle loans you $10,000 to tide you over, is it taxable income? Nope. What about when the bank loans you $100,000? No again. That’s provided it’s a real loan and not income. That’s a key distinction that lands lots of taxpayers in trouble.<p>But if it’s a real loan and is <b>forgiven</b>, it is …

How Much Money Is Required To Have A Single-Family Office?

At many conferences for wealthy families, for example, when the topic of how much money it takes to have a single-family office comes up, the most often quoted number is US$100 million liquid. Supposedly, if a family is investing US$100 million through a single-family office, the enterprise becomes …

How to Prep Your Family Business for the Next Generation

Baby boomers are reaching retirement age at a rate of 10,000 per day, according to the Pew Research Center. That’s prompting scores of family …

Buffett Family Values: How To Raise Well-Grounded Heirs

The talk at FORBES’ Second Annual Summit on Philanthropy, held June 4 at the United Nations, was about children. Specifically, how to raise them in a way that encourages them to change their world, rather than obsess over which sports car is in their garage. Warren Buffett, his son Peter, Marilyn …

You Inherited the Family Business… Now What?

The baton is passed; the papers are signed; the nameplate on the door has been changed. The family business is now your business, and what you do …

Family Business

Leaving A Legacy

<b>Make It a Reflection of Your Financial Wisdom</b> <br>Your legacy expresses how you’d like to be remembered. It is a reflection of the life you’ve led, the goals you’ve accomplished and the values you seek to pass along to others. Your financial legacy is much the same.<p>Creating a successful financial …